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Income Taxes (Tables)

12 Months Ended

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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