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Income Taxes (Tables) | 12 Months Ended
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Dec. 31, 2023
Income Tax Disclosure [Abstract] |
Schedule of Income Tax Expense (Benefit) | Income tax expense (benefit) attributable to continuing operations for the years ended December 31, 2023, 2022 and 2021, consists of the following (in millions):
| 2023 |  | 2022 |  | 2021
Current provision (benefit): |  |  |  |  |
Federal | $ | 235 |  |  | $ | 467 |  |  | $ | 196 |
State | 96 |  |  | 132 |  |  | 54 |
Foreign | 96 |  |  | 84 |  |  | 87 |
Total current provision | $ | 427 |  |  | $ | 683 |  |  | $ | 337 |
Deferred provision (benefit): |  |  |  |  |
Federal | $ | (193) |  |  | $ | (319) |  |  | $ | (113) |
State | (73) |  |  | (54) |  |  | (12) |
Foreign | (4) |  |  | 15 |  |  | 191 |
Total deferred provision | (270) |  |  | (358) |  |  | 66 |
Total provision for income taxes | $ | 157 |  |  | $ | 325 |  |  | $ | 403 |
Total income tax expense (benefit) attributable to continuing and discontinued operations for the years ended December 31, 2023, 2022 and 2021, is allocated as follows (in millions):
| 2023 |  | 2022 |  | 2021
Tax expense (benefit) per statements of earnings (loss) | $ | 157 |  |  | $ | 325 |  |  | $ | 403 |
Tax expense (benefit) on income from discontinued operations | (301) |  |  | 52 |  |  | (32) |
Change in fair value of net investment hedges | (176) |  |  | 361 |  |  | 317 |
Foreign currency translation adjustments | 40 |  |  | (360) |  |  | (33) |
Other components of other comprehensive earnings (loss) | 20 |  |  | 3 |  |  | — |
Total income tax expense (benefit) allocated to other comprehensive earnings | (116) |  |  | 4 |  |  | 284 |
Total income tax expense (benefit) | $ | (260) |  |  | $ | 381 |  |  | $ | 655 |
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, 2023, 2022 and 2021 (in millions):
| 2023 |  | 2022 |  | 2021
United States | $ | 331 |  |  | $ | 761 |  |  | $ | 537 |
Foreign | 332 |  |  | 180 |  |  | 182 |
Total | $ | 663 |  |  | $ | 941 |  |  | $ | 719 |
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, 2023, 2022 and 2021, is as follows:
| 2023 |  | 2022 |  | 2021
Federal statutory income tax rate | 21.0 | % |  | 21.0 | % |  | 21.0 | %
State income taxes | 5.7 |  |  | 6.0 |  |  | 5.4 |
Federal benefit of state taxes | (1.0) |  |  | (1.3) |  |  | (1.1) |
Foreign rate differential | 0.8 |  |  | 2.0 |  |  | 1.2 |
Withholding on actual and estimated remittances | 2.4 |  |  | 1.2 |  |  | 3.2 |
Tax loss (benefit) from stock-based compensation | 2.3 |  |  | 4.0 |  |  | (2.4) |
U.K. tax rate adjustment | (0.1) |  |  | 0.3 |  |  | 25.8 |
Non-deductible executive compensation | 0.6 |  |  | 0.3 |  |  | 3.7 |
Foreign-derived intangible income deduction | (3.4) |  |  | (1.1) |  |  | 0.4 |
Research and development credit | (1.8) |  |  | — |  |  | (1.2) |
Unrecognized tax benefits | (0.4) |  |  | (0.4) |  |  | 1.1 |
Return to provision | (1.7) |  |  | — |  |  | (0.3) |
Other | (0.6) |  |  | 2.5 |  |  | (0.8) |
Effective income tax rate | 23.8 | % |  | 34.5 | % |  | 56.0 | %
Schedule of Deferred Income Tax Assets and Liabilities | The significant components of deferred income tax assets and liabilities as of December 31, 2023 and 2022, consist of the following (in millions):
| 2023 |  | 2022
Deferred income tax assets: |  |  |
Net operating loss carryforwards | $ | 219 |  |  | $ | 196 |
Employee benefit accruals | 105 |  |  | 103 |
Outside basis difference | 919 |  |  | 38 |
Other deferred tax assets | 95 |  |  | 105 |
Total gross deferred income tax assets | 1,338 |  |  | 442 |
Less valuation allowance | (1,055) |  |  | (218) |
Total deferred income tax assets | 283 |  |  | 224 |
Deferred income tax liabilities: |  |  |
Amortization of goodwill and intangible assets | (2,066) |  |  | (2,363) |
Deferred contract costs | (245) |  |  | (209) |
Other deferred tax liabilities | (121) |  |  | (308) |
Total deferred income tax liabilities | (2,432) |  |  | (2,880) |
Net deferred income tax liability | $ | (2,149) |  |  | $ | (2,656) |
Deferred income taxes are classified in the consolidated balance sheets as of December 31, 2023 and 2022, as follows (in millions):
| 2023 |  | 2022
Noncurrent deferred income tax assets (included in Other noncurrent assets) | $ | 30 |  |  | $ | 33 |
Noncurrent deferred income tax liabilities | (2,179) |  |  | (2,689) |
Net deferred income tax liability | $ | (2,149) |  |  | $ | (2,656) |
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, 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 the 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 |
Amount of decreases due to lapse of the applicable statute of limitations | (5) |
Amount of decreases due to settlements | (8) |
Increases as a result of tax positions taken in prior period | 4 |
Increases as a result of tax positions taken in the current period | 2 |
Amount of unrecognized tax benefit as of December 31, 2023 | $ | 41 |

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