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Income Tax | 9 Months Ended
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Sep. 30, 2020
Income Tax Disclosure [Abstract] |
Income Tax Disclosure [Text Block] | Income Tax The provision for income tax expense differed from the amounts computed by applying the U.S. federal income tax statutory rate of 21.0% to pre-tax income as a result of the following for the three and nine months ended September 30, 2020 and 2019, respectively (dollars in millions):
|  | Three months ended September 30, |  | Nine months ended September 30,
|  | 2020 |  | 2019 |  | 2020 |  | 2019
Tax provision at U.S. statutory rate |  | $ | 60 |  |  | $ | 73 |  |  | $ | 81 |  |  | $ | 173 |
Increase (decrease) in income taxes resulting from: |  |  |  |  |  |  |  |
Tax rate differences on income in other jurisdictions |  | 3 |  |  | — |  |  | 17 |  |  | 1 |
Differences in tax bases in foreign jurisdictions |  | (4 | ) |  | (10 | ) |  | (17 | ) |  | (31 | )
Deferred tax valuation allowance |  | (2 | ) |  | 28 |  |  | — |  |  | 51 |
Amounts related to uncertain tax positions |  | 2 |  |  | 3 |  |  | 9 |  |  | 6 |
Corporate rate changes |  | 13 |  |  | — |  |  | 13 |  |  | (1 | )
GILTI, net of credits |  | 4 |  |  | — |  |  | 4 |  |  | — |
Equity based compensation |  | — |  |  | (1 | ) |  | — |  |  | (6 | )
Return to provision adjustments |  | (3 | ) |  | (8 | ) |  | (4 | ) |  | (4 | )
Accrued Expenses |  | (1 | ) |  | — |  |  | (1 | ) |  | — |
Other, net |  | — |  |  | (1 | ) |  | (1 | ) |  | — |
Total provision for income taxes |  | $ | 72 |  |  | $ | 84 |  |  | $ | 101 |  |  | $ | 189 |
Effective tax rate |  | 25.5 | % |  | 24.3 | % |  | 26.3 | % |  | 22.9 | %
The effective tax rate for the third quarter and first nine months of 2020 was higher than the U.S. Statutory rate of 21.0% primarily as a result of corporate rate changes, primarily in the United Kingdom, global intangible low-taxed income (“GILTI”) and income earned in jurisdictions with tax rates higher than the U.S. Statutory rate. These expenses were partially offset by differences in tax bases of foreign jurisdictions and return to provision adjustments. The effective tax rates for the third quarter and first nine months of 2019 were higher than the U.S. Statutory rate of 21.0% primarily as a result of valuation allowances established on deferred tax assets in foreign jurisdictions and the accrual of uncertain tax positions, which were partially offset by differences in tax bases of foreign jurisdictions, return to provision adjustments, and tax benefits related to equity compensation.

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- Definition The entire disclosure for income taxes. Disclosures may include net deferred tax liability or asset recognized in an enterprise's statement of financial position, net change during the year in the total valuation allowance, approximate tax effect of each type of temporary difference and carryforward that gives rise to a significant portion of deferred tax liabilities and deferred tax assets, utilization of a tax carryback, and tax uncertainties information. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 21 -URI http://asc.fasb.org/extlink&oid=84230637&loc=d3e32857-109319 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SAB Topic 11.C) -URI http://asc.fasb.org/extlink&oid=116825942&loc=d3e330215-122817 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 17 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=84230637&loc=d3e32809-109319 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SAB TOPIC 6.I.5.Q1) -URI http://asc.fasb.org/extlink&oid=116825942&loc=d3e330036-122817 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 14 -URI http://asc.fasb.org/extlink&oid=84230637&loc=d3e32705-109319 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 270 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6424409&loc=d3e44925-109338 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -URI http://asc.fasb.org/topic&trid=2144680 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 30 -Section 50 -Paragraph 2 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=6424122&loc=d3e41874-109331 + Details
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