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Income Taxes (Tables) | 12 Months Ended
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Dec. 31, 2019
Income Tax Disclosure [Abstract] |
Schedule of Provision for Income Taxes | Earnings/(losses) from continuing operations before income taxes and the provision for income taxes consisted of:
| For the Years Ended December 31,
| 2019 |  | 2018 |  | 2017
| (in millions)
Earnings/(losses) from continuing operations before income taxes: |  |  |  |  |
United States | $ | 751 |  |  | $ | (170 | ) |  | $ | 354 |
Outside United States | 2,696 |  |  | 3,012 |  |  | 2,770 |
| $ | 3,447 |  |  | $ | 2,842 |  |  | $ | 3,124 |
Provision for income taxes: |  |  |  |  |
United States federal: |  |  |  |  |
Current | $ | 145 |  |  | $ | (34 | ) |  | $ | 1,322 |
Deferred | 97 |  |  | 171 |  |  | (1,274 | )
| 242 |  |  | 137 |  |  | 48 |
State and local: |  |  |  |  |
Current | 29 |  |  | 23 |  |  | 32 |
Deferred | 45 |  |  | 61 |  |  | 30 |
| 74 |  |  | 84 |  |  | 62 |
Total United States | 316 |  |  | 221 |  |  | 110 |
Outside United States: |  |  |  |  |
Current | 459 |  |  | 552 |  |  | 541 |
Deferred | (773 | ) |  | — |  |  | 15 |
Total outside United States | (314 | ) |  | 552 |  |  | 556 |
Total provision for income taxes | $ | 2 |  |  | $ | 773 |  |  | $ | 666 |
Schedule of Effective Income Tax Rate Reconciliation | The effective income tax rate on pre-tax earnings differed from the U.S. federal statutory rate as follows:
| For the Years Ended December 31,
| 2019 |  | 2018 |  | 2017
U.S. federal statutory rate | 21.0 | % |  | 21.0 | % |  | 35.0 | %
Increase/(decrease) resulting from: |  |  |  |  |
State and local income taxes, net of federal tax benefit | 1.3 | % |  | 0.4 | % |  | 0.8 | %
Foreign rate differences | 0.2 | % |  | (1.9 | )% |  | (10.8 | )%
Changes in judgment on realizability of deferred tax assets | (0.3 | )% |  | (0.4 | )% |  | 3.2 | %
Reversal of other tax accruals no longer required | (3.0 | )% |  | (1.8 | )% |  | (1.7 | )%
Tax accrual on investment in Keurig (including tax impact of the gain from the KDP transaction) | 0.8 | % |  | 8.4 | % |  | 1.2 | %
Excess tax benefits from equity compensation | (1.2 | )% |  | (0.8 | )% |  | (1.2 | )%
Tax legislation (non-U.S. and non-Swiss tax reform) | 0.4 | % |  | 0.3 | % |  | (2.6 | )%
Swiss tax reform | (22.3 | )% |  | — |  |  | — | %
U.S. tax reform - deferred benefit from tax rate change | — |  |  | — |  |  | (41.5 | )%
U.S. tax reform - transition tax | 0.1 | % |  | (1.3 | )% |  | 42.2 | %
U.S. tax reform - changes in indefinite reinvestment assertion | — |  |  | 2.1 | % |  | (2.0 | )%
Foreign tax provisions under TCJA (GILTI, FDII and BEAT)(1) | 2.5 | % |  | 1.1 | % |  | — |
Other | 0.6 | % |  | 0.1 | % |  | (1.3 | )%
Effective tax rate | 0.1 | % |  | 27.2 | % |  | 21.3 | %
(1) | The Tax Cuts and Jobs Act of 2017 ("TCJA") established the Global Intangible Low-Tax Income ("GILTI") provision, which taxes U.S. allocated expenses and certain income from foreign operations; the Foreign-Derived Intangible Income ("FDII")
provision, which allows a deduction against certain types of US taxable income resulting in a lower effective US tax rate on such income; and the Base Erosion Anti-abuse Tax ("BEAT"), which is a new minimum tax based on cross-border service payments by U.S. entities.
Schedule of Deferred Tax Assets and Liabilities Temporary Differences | Tax effects of temporary differences that gave rise to deferred income tax assets and liabilities consisted of:
| As of December 31,
| 2019 |  | 2018
| (in millions)
Deferred income tax assets: |  |  |
Accrued postretirement and postemployment benefits | $ | 150 |  |  | $ | 147 |
Accrued pension costs | 272 |  |  | 349 |
Other employee benefits | 160 |  |  | 147 |
Accrued expenses | 287 |  |  | 283 |
Loss carryforwards | 589 |  |  | 707 |
Tax credit carryforwards | 729 |  |  | 747 |
Other | 438 |  |  | 302 |
Total deferred income tax assets | 2,625 |  |  | 2,682 |
Valuation allowance | (1,243 | ) |  | (1,153 | )
Net deferred income tax assets | $ | 1,382 |  |  | $ | 1,529 |
Deferred income tax liabilities: |  |  |
Intangible assets, including impact from Swiss tax reform | $ | (2,772 | ) |  | $ | (3,861 | )
Property, plant and equipment | (663 | ) |  | (473 | )
Other | (559 | ) |  | (492 | )
Total deferred income tax liabilities | (3,994 | ) |  | (4,826 | )
Net deferred income tax liabilities | $ | (2,612 | ) |  | $ | (3,297 | )
Schedule of Changes in Unrecognized Tax Benefit | The changes in our unrecognized tax benefits were:
| For the Years Ended December 31,
| 2019 |  | 2018 |  | 2017
| (in millions)
January 1 | $ | 516 |  |  | $ | 579 |  |  | $ | 610 |
Increases from positions taken during prior periods | 27 |  |  | 36 |  |  | 33 |
Decreases from positions taken during prior periods | (35 | ) |  | (43 | ) |  | (93 | )
Increases from positions taken during the current period | 50 |  |  | 57 |  |  | 64 |
Decreases relating to settlements with taxing authorities | (64 | ) |  | (45 | ) |  | (54 | )
Reductions resulting from the lapse of the applicable statute of limitations | (64 | ) |  | (31 | ) |  | (29 | )
Currency/other | (4 | ) |  | (37 | ) |  | 48 |
December 31 | $ | 426 |  |  | $ | 516 |  |  | $ | 579 |

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