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INCOME TAXES (Tables)

12 Months Ended

Dec. 31, 2024

Income Tax Disclosure [Abstract]

Provision for Income Taxes

Components of the Company’s income tax provision are as follows:

			Year Ended December 31,
			2024						2023						2022
Current:
Federal			$	280					$	76					$	106
State and Local			106						67						17
Non-U.S.			316						222						215
Total current			702						365						338
Deferred:
Federal			(21)						(14)						57
State and Local			(6)						(4)						10
Non-U.S.			(35)						(20)						(19)
Total deferred			(62)						(38)						48
Total provision for income taxes			$	640					$	327					$	386

Reconciliation of United States Federal Statutory Tax Rate to Effective Tax Rate on Income before Provision for Income Taxes

A reconciliation of the U.S. federal statutory tax rate to the Company’s ETR on income before provision for income taxes is as follows:

			Year Ended December 31,
			2024						2023						2022
U.S. statutory tax rate			21.0		%				21.0		%				21.0		%
State and local taxes, net of federal tax benefit			3.7		%				2.5		%				0.8		%
Foreign operations			(0.3)		%				0.4		%				(0.2)		%
Release of UTP reserves			(0.4)		%				(5.7)		%				—		%
Other			(0.3)		%				(1.3)		%				0.3		%
ETR			23.7		%				16.9		%				21.9		%
Income tax paid			$	613					$	344					$	488

The decrease in the ETR in 2023 resulted primarily from the favorable resolution of uncertain tax positions in various U.S. and non-U.S. jurisdictions.

Source of Income before Provision for Income Taxes

The source of income before provision for income taxes is as follows:

			Year Ended December 31,
			2024						2023						2022
U.S.			$	1,446					$	892					$	804
Non-U.S.			1,253						1,043						956
Income before provision for income taxes			$	2,699					$	1,935					$	1,760

Components of Deferred Tax Assets and Liabilities

The components of deferred tax assets and liabilities are as follows:

			December 31,
			2024						2023
Deferred tax assets:
Account receivable allowances			$	10					$	9
Accumulated depreciation and amortization			9						19
Stock-based compensation			60						60
Accrued compensation and benefits			50						53
Capitalized costs			20						25
Operating lease liabilities			84						103
Deferred revenue			211						200
Net operating loss			58						38
Restructuring			6						7
Uncertain tax positions			33						29
Self-insured related reserves			7						6
Interest expense carryforward			20						8
Other			12						5
Total deferred tax assets			580						562
Deferred tax liabilities:
Accumulated depreciation and amortization of intangible assets and capitalized software			(522)						(551)
ROU Assets			(56)						(67)
Capital gains			(13)						(20)
Self-insured related income			(7)						(6)
Deferred tax on unremitted foreign earnings			(20)						(14)
Gain on net investment hedges - OCI			(82)						(5)
Other			(11)						(19)
Total deferred tax liabilities			(711)						(682)
Net deferred tax liabilities			(131)						(120)
Valuation allowance			(25)						(24)
Total net deferred tax liabilities			$	(156)					$	(144)

Schedule of Unrecognized Tax Benefits Roll Forward

A reconciliation of the beginning and ending amount of UTPs is as follows:

			Year Ended December 31,
			2024						2023						2022
Balance as of January 1			$	196					$	322					$	388
Additions for tax positions related to the current year			33						21						12
Additions for tax positions of prior years			11						3						12
Reductions for tax positions of prior years			(11)						(17)						(27)
Settlements with taxing authorities			(3)						(108)						(30)
Lapse of statute of limitations			(15)						(25)						(33)
Balance as of December 31			$	211					$	196					$	322

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Tabular disclosure of the components of income tax expense attributable to continuing operations for each year presented including, but not limited to: current tax expense (benefit), deferred tax expense (benefit), investment tax credits, government grants, the benefits of operating loss carryforwards, tax expense that results from allocating certain tax benefits either directly to contributed capital or to reduce goodwill or other noncurrent intangible assets of an acquired entity, adjustments of a deferred tax liability or asset for enacted changes in tax laws or rates or a change in the tax status of the entity, and adjustments of the beginning-of-the-year balances of a valuation allowance because of a change in circumstances that causes a change in judgment about the realizability of the related deferred tax asset in future years.

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Tabular disclosure of the components of net deferred tax asset or liability recognized in an entity's statement of financial position, including the following: the total of all deferred tax liabilities, the total of all deferred tax assets, the total valuation allowance recognized for deferred tax assets.

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Tabular disclosure of the reconciliation using percentage or dollar amounts of the reported amount of income tax expense attributable to continuing operations for the year to the amount of income tax expense that would result from applying domestic federal statutory tax rates to pretax income from continuing operations.

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Tabular disclosure of income before income tax between domestic and foreign jurisdictions.

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