XML 129 R115.htm IDEA: XBRL DOCUMENT v3.20.4
INCOME TAXES - Income from Continuing Operations before Income Taxes (Details) - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
Income from continuing operations before income taxes:      
U.S.  $ 892 $ 684 $ 670
Foreign 239 230 237
Income from continuing operations before income taxes 1,131 914 907
Currently payable:      
U.S. Federal 170 155 115
State and local 33 46 29
Foreign 69 70 74
Deferred:      
U.S. Federal (9) (23) 12
State and local 11 (15) 0
Foreign (5) (3) (9)
Income tax (benefit) expense 269 230 $ 221
Deferred tax assets at December 31:      
Receivables 9 7  
Inventories 17 15  
Other assets, including stock-based compensation 17 15  
Accrued liabilities 82 48  
Noncurrent operating lease liabilities 35 39  
Other long-term liabilities 96 137  
Net operating loss carryforward 56 63  
Tax credit carryforward 9 9  
Total 321 333  
Valuation allowance (35) (38)  
Total 286 295  
Deferred tax liabilities at December 31:      
Property and equipment 67 73  
Operating lease right-of-use assets 39 42  
Intangibles 74 71  
Investment in foreign subsidiaries 10 10  
Other investments 3 0  
Other 4 22  
Total 197 218  
Net deferred tax asset at December 31 $ 89 $ 77