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INCOME TAXES (Tables) | 12 Months Ended
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Dec. 31, 2023
Income Tax Disclosure [Abstract] |
Summary of Components of Income (Loss) Before Income Taxes | For the years ended December 31, 2023, 2022, and 2021, the components of income before income taxes are as follows:
| Years Ended December 31,
| 2023 |  | 2022 |  | 2021
U.S. earnings | $ | 186 |  |  | $ | 40 |  |  | $ | 54 |
Foreign earnings | 46 |  |  | 53 |  |  | 25 |
Total earnings | $ | 232 |  |  | $ | 93 |  |  | $ | 79 |
Summary of Income Tax Provision (Benefit) | The income tax provision (benefit) for the years ended December 31, 2023, 2022, and 2021, consisted of the following:
| Years Ended December 31,
| 2023 |  | 2022 |  | 2021
Current: |  |  |  |  |
U.S. federal | $ | 48 |  |  | $ | 32 |  |  | $ | 9 |
State | 23 |  |  | 13 |  |  | 8 |
Foreign | 40 |  |  | 22 |  |  | 9 |
Total current tax provision | $ | 111 |  |  | $ | 67 |  |  | $ | 26 |
Deferred: |  |  |  |  |
U.S. federal | $ | (10) |  |  | $ | (32) |  |  | $ | 6 |
State | (1) |  |  | (3) |  |  | 2 |
Foreign | (21) |  |  | (12) |  |  | (2) |
Total deferred tax (benefit) provision | $ | (32) |  |  | $ | (47) |  |  | $ | 6 |
Total income tax provision | $ | 79 |  |  | $ | 20 |  |  | $ | 32 |
Summary of Reconciliation of Federal Statutory Income Tax Rate | The reconciliation of the federal statutory income tax rate to the Company’s provision for income taxes is as follows:
| Years Ended December 31,
| 2023 |  | 2022 |  | 2021
Expected provision at statutory federal rate | $ | 49 |  |  | 21.0 | % |  | $ | 19 |  |  | 21.0 | % |  | $ | 17 |  |  | 21.0 | %
State tax provision, net of federal benefit | 17 |  |  | 7.3 | % |  | 7 |  |  | 7.5 | % |  | 8 |  |  | 10.1 | %
Foreign rate differential | (1) |  |  | (0.4 | %) |  | (4) |  |  | (4.3) | % |  | 1 |  |  | 1.3 | %
Valuation allowance | 8 |  |  | 3.4 | % |  | (1) |  |  | (1.1) | % |  | — |  |  | — | %
Permanent differences and other | 3 |  |  | 1.3 | % |  | 4 |  |  | 4.4 | % |  | — |  |  | — | %
Uncertain tax positions | — |  |  | — | % |  | (1) |  |  | (1.1) | % |  | — |  |  | — | %
Transaction costs | — |  |  | — | % |  | 3 |  |  | 3.2 | % |  | 4 |  |  | 5.1 | %
Withholding taxes on foreign entities | — |  |  | — | % |  | (9) |  |  | (9.7) | % |  | — |  |  | — | %
Section 162(m) limitation | 3 |  |  | 1.3 | % |  | 2 |  |  | 2.1 | % |  | 2 |  |  | 2.5 | %
Total provision for income taxes | $ | 79 |  |  | 33.9 | % |  | $ | 20 |  |  | 22.0 | % |  | $ | 32 |  |  | 40.0 | %
Summary of Components of Deferred Tax Assets And Liabilities | The components of deferred tax assets and liabilities consisted of the following:
| December 31,
| 2023 |  | 2022
Deferred tax assets: |  |  |
Operating and finance lease liabilities | $ | 57 |  |  | $ | 59 |
Accrued compensation | 60 |  |  | 48 |
Accrued expenses | 28 |  |  | 31 |
Net operating loss carryforwards | 28 |  |  | 26 |
Contingent consideration and compensation liabilities | 13 |  |  | 10 |
Capital loss carryforwards | 54 |  |  | 47 |
Credits | 38 |  |  | 36 |
Reserves and allowances | 6 |  |  | 10 |
Other | 14 |  |  | 16 |
Gross deferred tax assets | 298 |  |  | 283 |
Valuation allowance | (114) |  |  | (100) |
Net deferred tax assets | $ | 184 |  |  | $ | 183 |
Deferred tax liabilities: |  |  |
Depreciation on fixed assets | $ | 42 |  |  | $ | 51 |
Goodwill | 23 |  |  | 3 |
Amortization on identified intangible assets | 165 |  |  | 203 |
Operating lease right of use assets | 56 |  |  | 59 |
Derivatives | 1 |  |  | 9 |
Deferred payments | 4 |  |  | 4 |
Pension and post-retirement obligations | 11 |  |  | 82 |
Other | 2 |  |  | 4 |
Gross deferred tax liabilities | $ | 304 |  |  | $ | 415 |
Net deferred tax liabilities | $ | (120) |  |  | $ | (232) |
Summary of Reconciliation of Beginning and Ending Amount of Unrecognized Tax Benefits | A reconciliation of the beginning and ending amount of unrecognized tax benefits is as follows:
| Years Ended December 31,
| 2023 |  | 2022 |  | 2021
Gross unrecognized tax benefits at the beginning of the year | $ | 8 |  |  | $ | 2 |  |  | $ | 3 |
Additions for tax positions taken in a prior period (including acquired uncertain tax positions) | — |  |  | 7 |  |  | — |
Reductions for tax positions taken in a prior period (including acquired uncertain tax positions) | (1) |  |  | — |  |  | (1) |
Additions for tax positions taken in the current period | 1 |  |  | 1 |  |  | — |
Reductions for tax positions taken in current period | — |  |  | — |  |  | — |
Reductions for tax positions due to lapse in statue of limitations | (1) |  |  | — |  |  | — |
Foreign currency translation adjustments | — |  |  | (2) |  |  | — |
Gross unrecognized tax benefits as of the end of the year | $ | 7 |  |  | $ | 8 |  |  | $ | 2 |

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