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Income Taxes (Tables)

12 Months Ended

Dec. 31, 2020

Income Tax Disclosure [Abstract]

Components of Income (Loss) Before Income Taxes

The components of income before income taxes are as follows:

						Year Ended December 31,
						2020						2019						2018
Domestic						$	233					$	460					$	1,087
Foreign						98						110						247
						$	331					$	570					$	1,334

Schedule of The Provision For (Benefit From) Income Taxes

The Company's provision for (benefit from) income taxes consists of the following:

						Year Ended December 31,
						2020						2019						2018
Current
Federal						$	(208)					$	20					$	158
State						6						9						28
Foreign						14						25						52
Total current						(188)						54						238
Deferred
Federal						154						69						59
State						(13)						11						(2)
Foreign						5						(26)						5
Total deferred						146						54						62
Total provision for (benefit from) income taxes						$	(42)					$	108					$	300

Reconciliation of Taxes Computed at the Statutory Rate to Income Tax Expense

A reconciliation of taxes computed at the statutory rate to the Company's income tax expense is as follows:

						Year Ended December 31,
						2020						2019						2018
Provision for federal income tax, at statutory rate						$	70					$	120					$	280
State income tax provision, net of federal income tax effect						2						10						28
Foreign income tax rate differential						2						(6)						14
CARES Act net operating loss carryback tax benefit						(95)						—						—
Depletion						(5)						(5)						(4)
Noncontrolling interests						(9)						(8)						(6)
Change in valuation allowance						3						(17)						(9)
Changes in state apportionment and other state adjustments						(7)						11						(6)
Other, net						(3)						3						3
Total income tax expense (benefit)						$	(42)					$	108					$	300

Schedule of Deferred Tax Assets And Liabilities

The tax effects of the principal temporary differences between financial reporting and income tax reporting at December 31 are as follows:

						2020						2019
Net operating loss carryforward						$	105					$	209
Credit carryforward						25						25
Operating lease liabilities						113						96
Accruals						63						65
Pension						90						83
Inventories						13						20
Other						43						26
Deferred taxes assets—total						452						524
Property, plant and equipment						(1,080)						(1,017)
Intangibles						(137)						(156)
Operating lease right-of-use asset						(112)						(95)
Turnaround costs						(17)						(21)
Consolidated partnerships						(181)						(194)
Equity method investments						(227)						(220)
Other						(18)						(18)
Deferred tax liabilities—total						(1,772)						(1,721)
Valuation allowance						(33)						(30)
Total net deferred tax liabilities						$	(1,353)					$	(1,227)
Balance sheet classifications
Noncurrent deferred tax asset						$	15					$	28
Noncurrent deferred tax liability						(1,368)						(1,255)
Total net deferred tax liabilities						$	(1,353)					$	(1,227)

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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.

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-Name Accounting Standards Codification
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-Section 50
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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.

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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.

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

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