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INCOME TAXES (Tables)

12 Months Ended

Dec. 31, 2021

Income Tax Disclosure [Abstract]

Components of (Losses) Earnings Before Income Taxes

The components of our earnings (losses) before income taxes for the last three fiscal years consisted of:

($ in millions)			2021						2020						2019
U.S.			$	890					$	(320)					$	549
Non-U.S.			290						(146)						1,050
			$	1,180					$	(466)					$	1,599

Benefit (Provision) for Income Taxes

Our (provision) benefit for income taxes for the last three fiscal years consisted of:

($ in millions)						2021						2020						2019
Current			-U.S. Federal			$	99					$	9					$	(272)
			-U.S. State			24						(41)						(57)
			-Non-U.S.			(86)						(78)						(161)
						37						(110)						(490)
Deferred			-U.S. Federal			(122)						180						141
			-U.S. State			(37)						81						39
			-Non-U.S.			41						48						(16)
						(118)						309						164
						$	(81)					$	199					$	(326)

Unrecognized Tax Benefits Reconciliation

The following table reconciles our unrecognized tax benefit balance for each year from the beginning of 2019 to the end of 2021:

($ in millions)			Amount
Unrecognized tax benefit at beginning of 2019			$	623
Change attributable to tax positions taken in prior years			(13)
Change attributable to tax positions taken during the current period			13
Decrease attributable to settlements with taxing authorities			(54)
Unrecognized tax benefit at year-end 2019			569
Change attributable to tax positions taken in prior years			(66)
Change attributable to tax positions taken during the current period			4
Decrease attributable to settlements with taxing authorities			(43)
Unrecognized tax benefit at year-end 2020			464
Change attributable to tax positions taken in prior years			(134)
Change attributable to tax positions taken during the current period			—
Decrease attributable to settlements with taxing authorities			(48)
Unrecognized tax benefit at year-end 2021			$	282

Schedule of Deferred Tax Assets and Liabilities

The following table presents the tax effect of each type of temporary difference and carry-forward that gave rise to significant portions of our deferred tax assets and liabilities as of year-end 2021 and year-end 2020:

($ in millions)			At Year-End 2021						At Year-End 2020
Deferred Tax Assets
Employee benefits			$	235					$	262
Net operating loss carry-forwards			771						818
Accrued expenses and other reserves			191						214
Receivables, net			11						12
Tax credits			53						49
Loyalty Program			181						367
Deferred income			98						69
Lease liabilities			336						252
Interest Limitation			163						—
Other			34						82
Deferred tax assets			2,073						2,125
Valuation allowance			(984)						(1,009)
Deferred tax assets after valuation allowance			1,089						1,116
Deferred Tax Liabilities
Equity method investments			(40)						(29)
Property and equipment			(9)						(42)
Intangibles			(666)						(663)
Right-of-use assets			(290)						(197)
Self-insurance			(25)						(19)
Deferred tax liabilities			(1,030)						(950)
Net deferred taxes			$	59					$	166

Reconciliation of the U.S. Statutory Tax Rate to Effective Income Tax Rate

The following table reconciles the U.S. statutory tax rate to our effective income tax rate for the last three fiscal years:

			2021						2020						2019
U.S. statutory tax rate			21.0		%				21.0		%				21.0		%
U.S. state income taxes, net of U.S. federal tax benefit			2.7						3.8						1.6
Non-U.S. income			(0.5)						12.5						(3.3)
Change in valuation allowance			(0.7)						(20.0)						3.4
Change in uncertain tax positions			(12.0)						12.2						1.9
Permanent items			(0.5)						9.4						1.3
Tax on asset dispositions			(0.7)						0.0						(0.7)
Excess tax benefits related to equity awards			(2.8)						6.4						(3.2)
U.S. tax on foreign earnings			0.4						(3.0)						0.1
Other, net			(0.1)						0.6						(1.7)
Effective rate			6.8		%				42.9		%				20.4		%

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