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Income Taxes (Tables)

12 Months Ended

Dec. 31, 2021

Income Tax Disclosure [Abstract]

Schedule of Income Tax Expense (Benefit)

Income tax expense (benefit) attributable to continuing operations for the years ended December 31, 2021, 2020 and 2019, consists of the following (in millions):

			2021						2020						2019
Current provision (benefit):
Federal			$	220					$	81					$	53
State			68						50						46
Foreign			172						176						116
Total current provision			$	460					$	307					$	215
Deferred provision (benefit):
Federal			$	(118)					$	(53)					$	(47)
State			(11)						(28)						7
Foreign			40						(130)						(75)
Total deferred provision			(89)						(211)						(115)
Total provision for income taxes			$	371					$	96					$	100

Total income tax expense for the years ended December 31, 2021, 2020 and 2019, is allocated as follows (in millions):

			2021						2020						2019
Tax expense (benefit) per statements of earnings			$	371					$	96					$	100
Unrealized gain (loss) on derivatives			141						(7)						(41)
Foreign currency translation adjustments			143						(154)						240
Other components of other comprehensive earnings (loss)			—						—						(3)
Total income tax expense (benefit) allocated to other comprehensive earnings			284						(161)						196
Total income tax expense (benefit)			$	655					$	(65)					$	296

Schedule of Pre-tax Income from Continuing Operations

The provision for income taxes is based on pre-tax income from continuing operations, which is as follows for the years ended December 31, 2021, 2020 and 2019 (in millions):

			2021						2020						2019
United States			$	747					$	441					$	220
Foreign			42						(175)						193
Total			$	789					$	266					$	413

Schedule of Effective Income Tax Rate Reconciliation

A reconciliation of the federal statutory income tax rate to the Company's effective income tax rate for the years ended December 31, 2021, 2020 and 2019, is as follows:

			2021						2020						2019
Federal statutory income tax rate			21.0		%				21.0		%				21.0		%
State income taxes			6.7						14.6						2.5
Federal benefit of state taxes			(1.4)						(3.1)						(0.5)
Foreign rate differential			(4.5)						(10.1)						(1.7)
U.K. tax rate adjustment			23.6						38.2						—
Non-deductible executive compensation			3.5						9.0						10.6
Withholding tax on actual and estimated remittances			2.9						2.1						—
Foreign-derived intangible income deduction			(2.4)						(7.2)						(3.3)
Tax benefit from stock-based compensation			(2.2)						(18.1)						(8.1)
CVR liability fair value and foreign currency adjustment			2.0						8.2						0.7
Research and development credit			(1.6)						(4.1)						(2.4)
Unrecognized tax benefits			0.6						0.3						(1.4)
Return to provision adjustments			(0.3)						(4.9)						(0.4)
Acquisition-related items			—						(15.9)						1.8
Book basis in excess of tax basis for goodwill impairment and disposition			—						9.2						—
State tax rate adjustment			—						(2.8)						5.1
Cares Act net operating loss adjustment			—						(2.3)						—
Deferred tax and other rate adjustments			—						1.1						0.2
Other			(0.9)						0.8						0.1
Effective income tax rate			47.0		%				36.0		%				24.2		%

Schedule of Deferred Income Tax Assets and Liabilities

The significant components of deferred income tax assets and liabilities as of December 31, 2021 and 2020, consist of the following (in millions):

			2021						2020
Deferred income tax assets:
Net operating loss carryforwards			$	194					$	221
Employee benefit accruals			173						155
Other deferred tax assets			154						204
Total gross deferred income tax assets			521						580
Less valuation allowance			(191)						(204)
Total deferred income tax assets			330						376
Deferred income tax liabilities:
Amortization of goodwill and intangible assets			(3,743)						(3,945)
Foreign currency translation adjustment			(320)						(95)
Deferred contract costs			(196)						(173)
Other deferred tax liabilities			(215)						(140)
Total deferred income tax liabilities			(4,474)						(4,353)
Net deferred income tax liability			$	(4,144)					$	(3,977)

Deferred income taxes are classified in the consolidated balance sheets as of December 31, 2021 and 2020, as follows (in millions):

			2021						2020
Noncurrent deferred income tax assets (included in Other noncurrent assets)			$	49					$	40
Noncurrent deferred income tax liabilities			(4,193)						(4,017)
Net deferred income tax liability			$	(4,144)					$	(3,977)

Schedule of Unrecognized Tax Benefits Roll Forward

The following table reconciles the gross amounts of unrecognized tax benefits at the beginning and end of the period (in millions):

			Gross Amount
Amounts of unrecognized tax benefits as of December 31, 2019			$	45
Amount of decreases due to lapse of the applicable statute of limitations			(1)
Amount of decreases due to settlements			(9)
Increases as a result of tax positions taken in the current period			9
Amount of unrecognized tax benefit as of December 31, 2020			44
Amount of decreases due to lapse of the applicable statute of limitations			(4)
Amount of decreases due to settlements			(2)
Increases as a result of tax positions taken in prior period			11
Increases as a result of tax positions taken in the current period			6
Foreign currency translation			(1)
Amount of unrecognized tax benefit as of December 31, 2021			$	54

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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.

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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.

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