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Income Taxes (Tables) | 12 Months Ended
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Dec. 31, 2023
Income Tax Disclosure [Abstract] |
Consolidated Income Loss Before Taxes for Domestic and Foreign | Consolidated income (loss) before taxes for United States ("U.S.") and foreign operations consisted of the following (in thousands):
| Year Ended December 31,
| 2023 |  | 2022 |  | 2021
United States | $ | 142,775 |  |  | $ | 339,513 |  |  | $ | (264,323) |
Foreign | 142,608 |  |  | (1,039,549) |  |  | (747,193) |
Total | $ | 285,383 |  |  | $ | (700,036) |  |  | $ | (1,011,516) |
Provision (Benefit) for Income Taxes | The income tax provision (benefit) attributable to income before income taxes is as follows (in thousands):
| December 31,
| 2023 |  | 2022 |  | 2021
Current |  |  |  |  |
U.S. Federal | $ | (248) |  |  | $ | 825 |  |  | $ | — |
U.S. State | 6,337 |  |  | 2,882 |  |  | — |
Foreign | (194) |  |  | 2,510 |  |  | 2,746 |
Total | 5,895 |  |  | 6,217 |  |  | 2,746 |
Deferred |  |  |  |  |
U.S. Federal | (483,786) |  |  | 1,450 |  |  | (176) |
U.S. State | (20,310) |  |  | 1,674 |  |  | (20) |
Foreign | 1,367 |  |  | (9) |  |  | (2,076) |
Total | (502,729) |  |  | 3,115 |  |  | (2,272) |
Total income tax provision (benefit) | $ | (496,834) |  |  | $ | 9,332 |  |  | $ | 474 |
Income Taxes (Federal Statutory Corporate Tax Rate) | The reconciliation of the U.S. federal statutory tax rate to the actual tax rate is as follows:
| December 31,
| 2023 |  | 2022 |  | 2021
U.S. Federal statutory rate | 21.0 | % |  | 21.0 | % |  | 21.0 | %
State tax | (2.8) | % |  | 0.3 | % |  | 1.6 | %
Foreign tax credits, net of valuation allowance | (139.8) | % |  | 12.5 | % |  | 0.7 | %
Non-taxable foreign income | (9.6) | % |  | (5.7) | % |  | (3.0) | %
Foreign tax rate differential | 0.4 | % |  | (17.0) | % |  | (9.4) | %
Valuation allowance, other | (43.8) | % |  | (3.1) | % |  | (6.8) | %
Other, net | 0.5 | % |  | (9.3) | % |  | (4.1) | %
Effective income tax rate | (174.1) | % |  | (1.3) | % |  | — | %
Net Deferred Tax Assets and Liabilities | The tax effects of significant temporary differences representing net deferred tax assets and liabilities consisted of the following (in thousands):
| December 31,
| 2023 |  | 2022
Deferred tax assets—U.S.: |  |  |
Foreign tax credit carryforwards | $ | 1,244,149 |  |  | $ | 1,917,822 |
Disallowed interest expense carryforward | 156,224 |  |  | 164,676 |
Net operating loss carryforward | 160,778 |  |  | 107,407 |
Lease liability | 371,032 |  |  | 366,519 |
Property and equipment | 50,903 |  |  | 15,220 |
Receivables, inventories, accrued liabilities and other | 21,854 |  |  | 16,610 |
Stock-based compensation | 9,984 |  |  | 8,332 |
Other tax credit carryforwards | 19,813 |  |  | 11,289 |
Intangibles and related other | 41,914 |  |  | 25,423 |
Other | — |  |  | 5,849 |
| 2,076,651 |  |  | 2,639,147 |
Less: valuation allowance | (1,172,982) |  |  | (2,253,912) |
| 903,669 |  |  | 385,235 |
Deferred tax liabilities—U.S.: |  |  |
Leased asset | (371,032) |  |  | (366,519) |
Prepaid insurance, maintenance and taxes | (16,186) |  |  | (14,138) |
Property and equipment | — |  |  | (194) |
Other | (15,584) |  |  | (7,612) |
| (402,802) |  |  | (388,463) |
Deferred tax assets—Foreign: |  |  |
Net operating loss carryforwards | 78,842 |  |  | 109,114 |
Property and equipment | 87,849 |  |  | 74,439 |
Other | 3,275 |  |  | 3,688 |
| 169,966 |  |  | 187,241 |
Less: valuation allowance | (167,599) |  |  | (183,290) |
| 2,367 |  |  | 3,951 |
Deferred tax liabilities—Foreign: |  |  |
Property and equipment | (2,357) |  |  | (2,628) |
| (2,357) |  |  | (2,628) |
Net deferred tax asset (liability) | $ | 500,877 |  |  | $ | (1,905) |
Summary of Valuation Allowances | As of December 31, 2023 and 2022, the Company had valuation allowances provided on its deferred tax assets as follows (in thousands):
| December 31,
| 2023 |  | 2022
Foreign tax credits | $ | 941,249 |  |  | $ | 1,912,955 |
Disallowed interest expense carryforwards | — |  |  | 157,990 |
Intangible assets | 46,084 |  |  | 27,164 |
U.S. loss carryforwards | 160,778 |  |  | 107,407 |
Other U.S. deferred tax assets | 24,872 |  |  | 48,396 |
Foreign loss carryforwards | 80,569 |  |  | 109,283 |
Other foreign deferred tax assets | 87,029 |  |  | 74,007 |
Total | $ | 1,340,581 |  |  | $ | 2,437,202 |
Reconciliation of Unrecognized Tax Benefits | The Company had the following activity for unrecognized tax benefits as follows (in thousands):
| December 31,
| 2023 |  | 2022 |  | 2021
Balance at beginning of period | $ | 135,979 |  |  | $ | 141,515 |  |  | $ | 107,661 |
Increases based on tax positions of the current year | 15,818 |  |  | 12,068 |  |  | 14,079 |
Increases based on tax positions of prior years | — |  |  | — |  |  | 66,043 |
Reductions based on tax positions of prior years | — |  |  | (2,637) |  |  | (35,633) |
Reductions due to lapse in statutes of limitations | (16,126) |  |  | (14,967) |  |  | (10,635) |
Balance at end of period | $ | 135,671 |  |  | $ | 135,979 |  |  | $ | 141,515 |

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