XML 63 R43.htm IDEA: XBRL DOCUMENT v3.22.4

Income Taxes (Tables)

12 Months Ended

Dec. 31, 2022

Income Tax Disclosure [Abstract]

Schedule of Income (Loss) From Continuing Operations before Income Tax, Related to Domestic and Foreign

Income (loss) from continuing operations before taxes related to our U.S. and foreign operations was as follows:

						Years Ended December 31,
(In millions)						2022						2021						2020
U.S.						$	303					$	108					$	(128)
Foreign						(45)						(1)						(36)
Income (loss) from continuing operations before income tax provision (benefit)						$	258					$	107					$	(164)

Schedule of Components of Income Tax Expense (Benefit)

The income tax provision (benefit) is comprised of the following:

						Years Ended December 31,
(In millions)						2022						2021						2020
Current:
U.S. Federal						$	(17)					$	—					$	1
State						2						(1)						(4)
Foreign						9						5						12
Total current income tax provision (benefit)						$	(6)					$	4					$	9
Deferred:
U.S. Federal						$	80					$	(10)					$	(38)
State						5						(7)						(2)
Foreign						(5)						24						(23)
Total deferred income tax provision (benefit)						80						7						(63)
Total income tax provision (benefit)						$	74					$	11					$	(54)

Schedule of Effective Income Tax Rate Reconciliation

The effective tax rate reconciliations were as follows:

						Years Ended December 31,
						2022						2021						2020
U.S. federal statutory tax rate						21.0		%				21.0		%				21.0		%
State taxes, net of U.S. federal benefit						1.8						(4.4)						1.8
Foreign operations (1)						(2.8)						27.1						2.4
Contribution- and margin-based taxes						1.6						4.4						(4.8)
Changes in uncertain tax positions						(0.1)						0.5						(0.6)
Non-deductible compensation						3.8						10.9						(0.1)
Provision to return adjustments						(2.0)						8.0						2.4
Effect of law changes						0.1						(5.4)						(0.4)
Stock-based compensation						(0.3)						(4.3)						8.9
Long-term capital loss						—						(42.4)						—
Non-deductible goodwill impairment charge						5.2						—						—
Other (2)						0.3						(5.0)						2.5
Effective tax rate						28.6		%				10.4		%				33.1		%

(1)    Foreign operations include the net impact of changes to valuation allowances, the cost of inclusion of foreign income in the U.S. net of foreign taxes, the impact of foreign tax rate differences from the U.S. Federal rate and permanent items related to foreign operations.

(2)    In the year ended December 31, 2021, the impact of “Other” on the effective tax rate was disproportionately high compared to 2020 and 2022 due to the low income (loss) from continuing operations before income tax provision (benefit) in 2021. For 2021, “Other” is primarily composed of (3.6)% of U.S. Federal tax credits and (1.8)% of U.S. Federal tax permanent adjustments.

Schedule of Deferred Tax Assets and Liabilities

The tax effects of temporary differences that give rise to significant portions of the deferred tax asset and deferred tax liability were as follows:

						Years Ended December 31,
(In millions)						2022						2021
Deferred tax asset
Net operating loss and other tax attribute carryforwards						$	40					$	69
Accrued expenses						55						63
Pension and other retirement obligations						6						(6)
Other						16						41
Total deferred tax asset						117						167
Valuation allowance						(35)						(35)
Total deferred tax asset, net						82						132
Deferred tax liability
Intangible assets						(112)						(129)
Property and equipment						(261)						(223)
Other						(24)						(27)
Total deferred tax liability						(397)						(379)
Net deferred tax liability						$	(315)					$	(247)

The deferred tax asset and deferred tax liability above are reflected on our Consolidated Balance Sheets as follows:

						December 31,
(In millions)						2022						2021
Other long-term assets						$	4					$	—
Deferred tax liability						(319)						(247)
Net deferred tax liability						$	(315)					$	(247)

The balances and activity related to our valuation allowance were as follows:

(In millions)						Beginning Balance						Additions						Reductions						Ending Balance
Year Ended December 31, 2022						$	35					$	1					$	(1)					$	35
Year Ended December 31, 2021						36						43						(44)						35
Year Ended December 31, 2020						28						9						(1)						36

Schedule of Tax Credit Carryforwards

Our operating loss and tax credit carryforwards were as follows:

												December 31,
(In millions)						Expiration Date						2022						2021
Federal long-term capital loss carryforwards												—						126
Tax effect (before federal benefit) of state net operating losses						Various times starting in 2023 (1)						26						20
Federal tax credit carryforwards						Various times starting in 2032						1						1
State tax credit carryforward						Various times starting in 2023 (1)						2						2
Foreign net operating losses available to offset future taxable income						Various times starting in 2023 (1)						69						89

(1)    Some credits and losses have unlimited carryforward periods.

Schedule of Operating Loss Carryforwards

Our operating loss and tax credit carryforwards were as follows:

												December 31,
(In millions)						Expiration Date						2022						2021
Federal long-term capital loss carryforwards												—						126
Tax effect (before federal benefit) of state net operating losses						Various times starting in 2023 (1)						26						20
Federal tax credit carryforwards						Various times starting in 2032						1						1
State tax credit carryforward						Various times starting in 2023 (1)						2						2
Foreign net operating losses available to offset future taxable income						Various times starting in 2023 (1)						69						89

(1)    Some credits and losses have unlimited carryforward periods.

Schedule of Unrecognized Tax Benefits Roll Forward

A reconciliation of the beginning and ending amount of unrecognized tax benefits is as follows:

						Years Ended December 31,
(In millions)						2022						2021						2020
Beginning balance						$	7					$	9					$	5
Additions for tax positions of prior years						1						—						5
Reductions for tax positions of prior years						(1)						(1)						(1)
Settlements with tax authorities						—						(1)						—
Reductions due to the statute of limitations						(1)						—						—
Ending balance						$	6					$	7					$	9
Interest and penalties						3						2						1
Gross unrecognized tax benefits						$	9					$	9					$	10
Total unrecognized tax benefits that, if recognized, would impact the effective income tax rate as of the end of the year						$	6					$	7					$	9

X

- References

No definition available.

+ Details

Name:	us-gaap_IncomeTaxDisclosureAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- Definition

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.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 9
-URI https://asc.fasb.org/extlink&oid=121826272&loc=d3e32639-109319

+ Details

Name:	us-gaap_ScheduleOfComponentsOfIncomeTaxExpenseBenefitTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

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.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 2
-URI https://asc.fasb.org/extlink&oid=121826272&loc=d3e32537-109319

+ Details

Name:	us-gaap_ScheduleOfDeferredTaxAssetsAndLiabilitiesTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

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.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 12
-URI https://asc.fasb.org/extlink&oid=121826272&loc=d3e32687-109319

+ Details

Name:	us-gaap_ScheduleOfEffectiveIncomeTaxRateReconciliationTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of income before income tax between domestic and foreign jurisdictions.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 235
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08(h)(1)(Note 1))
-URI https://asc.fasb.org/extlink&oid=120395691&loc=d3e23780-122690

+ Details

Name:	us-gaap_ScheduleOfIncomeBeforeIncomeTaxDomesticAndForeignTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the change in unrecognized tax benefits.

+ References

Reference 1: http://www.xbrl.org/2003/role/exampleRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 55
-Paragraph 217
-URI https://asc.fasb.org/extlink&oid=126976462&loc=d3e36027-109320

Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 15A
-URI https://asc.fasb.org/extlink&oid=121826272&loc=SL6600010-109319

+ Details

Name:	us-gaap_ScheduleOfUnrecognizedTaxBenefitsRollForwardTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of pertinent information, such as tax authority, amounts, and expiration dates, of net operating loss carryforwards, including an assessment of the likelihood of utilization.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 3
-URI https://asc.fasb.org/extlink&oid=121826272&loc=d3e32559-109319

+ Details

Name:	us-gaap_SummaryOfOperatingLossCarryforwardsTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of tax credit carryforwards available to reduce future taxable income, including amounts, expiration dates, limitations on use and the related deferred tax assets and valuation allowances.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 3
-URI https://asc.fasb.org/extlink&oid=121826272&loc=d3e32559-109319

+ Details

Name:	us-gaap_SummaryOfTaxCreditCarryforwardsTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration