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Income Taxes (Tables)

12 Months Ended

Dec. 31, 2022

Income Tax Disclosure [Abstract]

Schedule of Income Tax Expense (Benefit)

Income tax expense (benefit) attributable to continuing operations for the years ended December 31, 2022, 2021 and 2020, consists of the following (in millions):

			2022						2021						2020
Current provision (benefit):
Federal			$	514					$	220					$	81
State			163						68						50
Foreign			225						172						176
Total current provision			$	902					$	460					$	307
Deferred provision (benefit):
Federal			$	(299)					$	(118)					$	(53)
State			(58)						(11)						(28)
Foreign			(168)						40						(130)
Total deferred provision			(525)						(89)						(211)
Total provision for income taxes			$	377					$	371					$	96

Total income tax expense for the years ended December 31, 2022, 2021 and 2020, is allocated as follows (in millions):

			2022						2021						2020
Tax expense (benefit) per statements of earnings (loss)			$	377					$	371					$	96
Change in fair value of net investment hedges			361						317						(304)
Foreign currency translation adjustments			(360)						(33)						143
Other components of other comprehensive earnings (loss)			3						—						—
Total income tax expense (benefit) allocated to other comprehensive earnings			4						284						(161)
Total income tax expense (benefit)			$	381					$	655					$	(65)

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, 2022, 2021 and 2020 (in millions):

			2022						2021						2020
United States			$	(11,189)					$	747					$	441
Foreign			(5,142)						42						(175)
Total			$	(16,331)					$	789					$	266

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, 2022, 2021 and 2020, is as follows:

			2022						2021						2020
Federal statutory income tax rate			21.0		%				21.0		%				21.0		%
State income taxes			2.6						6.7						14.6
Federal benefit of state taxes			(0.5)						(1.4)						(3.1)
Foreign rate differential			0.2						(4.5)						(10.1)
Book basis in excess of tax basis for goodwill impairment and disposition			(25.1)						—						9.2
Tax benefit from stock-based compensation			(0.2)						(2.2)						(18.1)
U.K. tax rate adjustment			—						23.6						38.2
Non-deductible executive compensation			(0.1)						3.5						9.0
Foreign-derived intangible income deduction			0.1						(2.4)						(7.2)
CVR liability fair value and foreign currency adjustment			(0.1)						2.0						8.2
Acquisition-related items			—						—						(15.9)
Other			(0.2)						0.7						(9.8)
Effective income tax rate			(2.3)		%				47.0		%				36.0		%

Schedule of Deferred Income Tax Assets and Liabilities

The significant components of deferred income tax assets and liabilities as of December 31, 2022 and 2021, consist of the following (in millions):

			2022						2021
Deferred income tax assets:
Net operating loss carryforwards			$	233					$	194
Employee benefit accruals			111						173
Foreign currency translation adjustment			38						—
Other deferred tax assets			126						154
Total gross deferred income tax assets			508						521
Less valuation allowance			(218)						(191)
Total deferred income tax assets			290						330
Deferred income tax liabilities:
Amortization of goodwill and intangible assets			(3,261)						(3,743)
Foreign currency translation adjustment			—						(320)
Deferred contract costs			(209)						(196)
Other deferred tax liabilities			(337)						(215)
Total deferred income tax liabilities			(3,807)						(4,474)
Net deferred income tax liability			$	(3,517)					$	(4,144)

Deferred income taxes are classified in the consolidated balance sheets as of December 31, 2022 and 2021, as follows (in millions):

			2022						2021
Noncurrent deferred income tax assets (included in Other noncurrent assets)			$	33					$	49
Noncurrent deferred income tax liabilities			(3,550)						(4,193)
Net deferred income tax liability			$	(3,517)					$	(4,144)

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, 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 the 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
Amount of decreases due to lapse of the applicable statute of limitations			(1)
Amount of decreases due to settlements			(13)
Increases as a result of tax positions taken in prior period			5
Increases as a result of tax positions taken in the current period			4
Foreign currency translation			(1)
Amount of unrecognized tax benefit as of December 31, 2022			$	48

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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 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.

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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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