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Income Taxes (Tables)

12 Months Ended

Dec. 31, 2019

Income Tax Disclosure [Abstract]

Income before income taxes

U.S. and foreign income before taxes are set forth below:

		2019				2018				2017
U.S.		$	466			$	726			$	662
Foreign		907				1,113				1,612
		$	1,373			$	1,839			$	2,274

Details of income tax provision (benefit)

The details of our income tax provision (benefit) are set forth below:

				2019				2018				2017
Current:		Federal		$	129			$	102			$	(2	)
		Foreign		166				181				290
		State		16				25				12
				$	311			$	308			$	300
Deferred:		Federal		$	(16	)		$	(24	)		$	603
		Foreign		(213		)		5				19
		State		(3		)		8				12
				$	(232	)		$	(11	)		$	634
				$	79			$	297			$	934

Effective income tax and tax rate reconciliation

The reconciliation of income taxes calculated at the U.S. federal statutory rate to our effective tax rate is set forth below:

		2019			2018			2017
U.S. federal statutory rate		21.0	%		21.0	%		35.0	%
State income tax, net of federal tax		0.8			1.0			0.5
Statutory rate differential attributable to foreign operations		1.6			(12.3	)		(9.3	)
Adjustments to reserves and prior years		4.2			2.8			0.5
Share-based compensation		(4.0	)		(2.5	)		(5.1	)
Change in valuation allowances		(2.6	)		8.5			1.5
Intercompany restructuring		(16.1	)		—			—
Tax Act Enactment		—			(1.9	)		19.1
Other, net		0.8			(0.4	)		(1.1	)
Effective income tax rate		5.7	%		16.2	%		41.1	%

Details of deferred tax assets (liabilities)

The details of 2019 and 2018 deferred tax assets (liabilities) are set forth below:

		2019				2018
Operating losses		$	176			$	180
Capital losses		3				3
Tax credit carryforwards		230				266
Employee benefits		85				72
Share-based compensation		55				62
Self-insured casualty claims		6				7
Lease-related liabilities		199				43
Various liabilities		43				43
Intangible assets		602				8
Property, plant and equipment		21				19
Deferred income and other		85				45
Gross deferred tax assets		1,505				748
Deferred tax asset valuation allowances		(787		)		(454		)
Net deferred tax assets		$	718			$	294
Intangible assets, including goodwill		$	(40	)		$	(42	)
Property, plant and equipment		(44		)		(33		)
Operating lease right-of-use assets		(156		)		—
Other		(31		)		(31		)
Gross deferred tax liabilities		$	(271	)		$	(106	)
Net deferred tax assets (liabilities)		$	447			$	188

Reported in Consolidated Balance Sheets as:
Deferred income taxes		$	447			$	195
Other liabilities and deferred credits		—				(7		)
		$	447			$	188

Loss carryforwards, by year of expiration

		Year of Expiration
		2020				2021-2024				2025-2038				Indefinitely				Total
Foreign		$	10			$	26			$	36			$	336			$	408
U.S. state		2				111				1,021				—				1,134
U.S. federal		—				36				178				—				214
		$	12			$	173			$	1,235			$	336			$	1,756

Unrecognized tax benefits reconciliation

		2019				2018
Beginning of Year		$	113			$	100
Additions on tax positions - current year		84				19
Additions for tax positions - prior years		54				—
Reductions for tax positions - prior years		(30		)		(5		)
Reductions for settlements		(31		)		—
Reductions due to statute expiration		(2		)		(1		)
Foreign currency translation adjustment		—				—
End of Year		$	188			$	113

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