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Income Taxes (Tables) | 12 Months Ended
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Dec. 31, 2021
Income Tax Disclosure [Abstract] |
Components of income tax [Table Text Block] | Components of income taxes excluding cumulative effects of changes in accounting principles, other comprehensive income, and equity in net results of affiliated companies accounted for after-tax for the years ended December 31 were as follows:
| 2019 |  | 2020 |  | 2021
Income/(Loss) before income taxes (in millions) |  |  |  |  |
U.S. | $ | 2,656 |  |  | $ | (231) |  |  | $ | 10,043 |
Non-U.S. | (3,296) |  |  | (885) |  |  | 7,737 |
Total | $ | (640) |  |  | $ | (1,116) |  |  | $ | 17,780 |
Provision for/(Benefit from) income taxes (in millions) |  |  |  |  |
Current |  |  |  |  |
Federal | $ | (101) |  |  | $ | (23) |  |  | $ | 102 |
Non-U.S. | 738 |  |  | 554 |  |  | 598 |
State and local | 33 |  |  | (45) |  |  | 26 |
Total current | 670 |  |  | 486 |  |  | 726 |
Deferred |  |  |  |  |
Federal | (1,190) |  |  | (523) |  |  | 2,290 |
Non-U.S. | (70) |  |  | 168 |  |  | (3,254) |
State and local | (134) |  |  | 29 |  |  | 108 |
Total deferred | (1,394) |  |  | (326) |  |  | (856) |
Total | $ | (724) |  |  | $ | 160 |  |  | $ | (130) |
Reconciliation of effective tax rate |  |  |  |  |
U.S. statutory rate | 21.0 | % |  | 21.0 | % |  | 21.0 | %
Non-U.S. tax rates under U.S. rates | 46.9 |  |  | (2.6) |  |  | 1.3 |
State and local income taxes | 12.4 |  |  | 8.9 |  |  | 0.5 |
General business credits | 67.0 |  |  | 35.1 |  |  | (2.3) |
Dispositions and restructurings (a) | 45.5 |  |  | (0.4) |  |  | (18.8) |
U.S. tax on non-U.S. earnings | (49.2) |  |  | 27.0 |  |  | 2.4 |
Prior year settlements and claims | (5.0) |  |  | 8.3 |  |  | (0.3) |
Tax incentives | 20.7 |  |  | (6.0) |  |  | (0.6) |
Enacted change in tax laws | (12.5) |  |  | 1.5 |  |  | 1.1 |
Valuation allowances | (18.7) |  |  | (108.8) |  |  | (4.7) |
Other | (15.0) |  |  | 1.7 |  |  | (0.3) |
Effective rate | 113.1 | % |  | (14.3) | % |  | (0.7) | %
__________ (a)Includes a benefit of $2.9 billion to recognize deferred tax assets resulting from changes in our global tax structure in 2021.
Components of deferred tax assets and liabilities [Table Text Block] | The components of deferred tax assets and liabilities at December 31 were as follows (in millions):
| 2020 |  | 2021
Deferred tax assets |  |  |
Employee benefit plans | $ | 4,760 |  |  | $ | 2,320 |
Net operating loss carryforwards | 1,584 |  |  | 4,163 |
Tax credit carryforwards | 11,037 |  |  | 10,437 |
Research expenditures | 1,321 |  |  | 1,117 |
Dealer and dealers’ customer allowances and claims | 2,145 |  |  | 1,944 |
Other foreign deferred tax assets | 729 |  |  | 2,005 |
All other | 2,335 |  |  | 2,353 |
Total gross deferred tax assets | 23,911 |  |  | 24,339 |
Less: Valuation allowances | (1,981) |  |  | (1,067) |
Total net deferred tax assets | 21,930 |  |  | 23,272 |
Deferred tax liabilities |  |  |
Leasing transactions | 3,299 |  |  | 2,103 |
Depreciation and amortization (excluding leasing transactions) | 3,218 |  |  | 2,881 |
Finance receivables | 574 |  |  | 756 |
Carrying value of investments | 144 |  |  | 2,149 |
Other foreign deferred tax liabilities | 839 |  |  | 893 |
All other | 1,971 |  |  | 2,275 |
Total deferred tax liabilities | 10,045 |  |  | 11,057 |
Net deferred tax assets/(liabilities) | $ | 11,885 |  |  | $ | 12,215 |
Summary of Unrecognized Tax Benefits Roll Forward [Table Text Block] | A reconciliation of the beginning and ending amount of unrecognized tax benefits for the years ended December 31 were as follows (in millions):
| 2020 |  | 2021
Beginning balance | $ | 1,943 |  |  | $ | 1,913 |
Increase – tax positions in prior periods | 137 |  |  | 1,054 |
Increase – tax positions in current period | 25 |  |  | 25 |
Decrease – tax positions in prior periods | (131) |  |  | (54) |
Settlements | (61) |  |  | 1 |
Lapse of statute of limitations | — |  |  | (7) |
Foreign currency translation adjustment | — |  |  | (22) |
Ending balance | $ | 1,913 |  |  | $ | 2,910 |

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