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Income Taxes (Tables) | 12 Months Ended
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Dec. 31, 2021
Income Tax Disclosure [Abstract] |
Schedule of Provision or Benefit for Income Taxes | The provision for income taxes is comprised of the following:
| 2021 | 2020 | 2019
Current: |  |  |
U.S. | $ | 11 |  | $ | (59) |  | $ | (12) |
Foreign | 614 |  | 458 |  | 443 |
Total current | 625 |  | 399 |  | 431 |
Deferred: |  |  |
U.S. | (24) |  | 11 |  | (12) |
Foreign | 157 |  | 149 |  | 63 |
Total deferred | 133 |  | 160 |  | 51 |
Provision for income taxes | $ | 758 |  | $ | 559 |  | $ | 482 |
Schedule of Geographic Sources of Income (Loss) Before Income Taxes | The geographic sources of income (loss) before income taxes are as follows:
| 2021 | 2020 | 2019
U.S. | $ | (724) |  | $ | (14,288) |  | $ | (693) |
Foreign | 1,152 |  | (914) |  | 1,446 |
Income (loss) before income taxes | $ | 428 |  | $ | (15,202) |  | $ | 753 |
Schedule of Difference Between Provision and U.S. Statutory Tax Rate | The provision for income taxes differs from the amount computed by applying the U.S. statutory income tax rate to the loss or income before income taxes for the reasons set forth below for the years ended December 31:
| 2021 | 2020 | 2019
Income (loss) before income taxes | $ | 428 |  | $ | (15,202) |  | $ | 753 |
Taxes at the U.S. federal statutory income tax rate | 90 |  | (3,192) |  | 158 |
Impact of goodwill impairment | — |  | 3,102 |  | — |
Effect of foreign operations | 216 |  | 148 |  | 84 |
Tax expense (benefit) due to unrecognized tax benefits (1) | 201 |  | 35 |  | (24) |
Tax impact of partnership structure | 137 |  | (33) |  | 17 |
Change in valuation allowances | 70 |  | 494 |  | 241 |
CARES Act | — |  | (117) |  | — |
Other - net | 44 |  | 122 |  | 6 |
Provision for income taxes | $ | 758 |  | $ | 559 |  | $ | 482 |
Actual income tax rate | 177.1 | % | (3.7) | % | 64.0 | %
(1)For December 31, 2021, $119 million of this amount is indemnified under the Tax Matters Agreement with GE.
Schedule of Deferred Tax Assets and Liabilities | The tax effects of our temporary differences and carryforwards are as follows at December 31:
| 2021 | 2020
Deferred tax assets: |  |
Operating loss carryforwards | $ | 2,255 |  | $ | 2,249 |
Tax credit carryforwards | 1,183 |  | 1,083 |
Investment in partnership | 457 |  | 160 |
Property | 156 |  | 127 |
Employee benefits | 116 |  | 138 |
Goodwill and other intangibles | 97 |  | 143 |
Receivables | 72 |  | 53 |
Inventory | 61 |  | 51 |
Other | 153 |  | 264 |
Total deferred income tax asset | 4,550 |  | 4,268 |
Valuation allowances | (3,928) |  | (3,472) |
Total deferred income tax asset after valuation allowance | 622 |  | 796 |
Deferred tax liabilities: |  |
Other | (14) |  | (29) |
Total deferred income tax liability | (14) |  | (29) |
Net deferred tax asset | $ | 608 |  | $ | 767 |
Schedule of Changes in Gross Unrecognized Tax Benefits | The following table presents the changes in our gross unrecognized tax benefits included in the consolidated statements of financial position.
Asset / (Liability) | 2021 | 2020
Balance at beginning of year | $ | (483) |  | $ | (451) |
Additions for tax positions of the current year | (32) |  | (71) |
Additions for tax positions of prior years | (166) |  | (31) |
Reductions for tax positions of prior years | 42 |  | 35 |
Settlements with tax authorities | 95 |  | 12 |
Lapse of statute of limitations | 13 |  | 23 |
Balance at end of year | $ | (531) |  | $ | (483) |

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- Definition 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. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 9 -URI http://asc.fasb.org/extlink&oid=121826272&loc=d3e32639-109319 + Details
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- Definition 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. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=121826272&loc=d3e32537-109319 + Details
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- Definition 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. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 12 -URI http://asc.fasb.org/extlink&oid=121826272&loc=d3e32687-109319 + Details
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- Definition Tabular disclosure for tax positions taken in the tax returns filed or to be filed for which it is more likely than not that the tax position will not be sustained upon examination by taxing authorities and other income tax contingencies. Includes, but is not limited to, interest and penalties, reconciliation of unrecognized tax benefits, unrecognized tax benefits that would affect the effective tax rate, tax years that remain subject to examination by tax jurisdictions, and information about positions for which it is reasonably possible that amounts unrecognized will significantly change within 12 months. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 15A -URI http://asc.fasb.org/extlink&oid=121826272&loc=SL6600010-109319 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 15 -Subparagraph (d) -URI http://asc.fasb.org/extlink&oid=121826272&loc=d3e32718-109319 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 19 -URI http://asc.fasb.org/extlink&oid=121826272&loc=d3e32840-109319 + Details
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