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Income Taxes (Tables)

12 Months Ended

Dec. 31, 2024

Income Tax Disclosure [Abstract]

Reconciliation of Company's Effective Tax Rate to U.S. Federal Statutory Rate

A reconciliation of the Company’s effective tax rate to the U.S. federal income tax statutory rate is as follows:

		Years Ended December 31,
		2024				2023				2022
U.S. federal income tax statutory rate			21.0	%			21.0	%			21.0	%
Foreign derived intangible income deduction			(24.9	)			0.6				(4.8	)
Change in valuation allowance			(22.7	)			0.1				(0.3	)
Withholding taxes, net of foreign tax credits			15.4				(0.4	)			10.9
Federal tax credits			(11.7	)			1.5				(1.5	)
Effect of foreign operations taxed at various rates			(8.9	)			0.9				(6.8	)
Change in income tax reserves (including interest)			6.7				(0.5	)			0.8
Base erosion waiver of deductions			5.6				—				—
State income taxes, net of federal benefit			(3.0	)			0.5				(0.3	)
Executive compensation			1.8				(0.1	)			0.7
Foreign subpart F income taxed in the U.S., net of foreign tax credits			1.6				—				(0.2	)
Global intangible low taxed income, net of foreign tax credits			1.0				0.2				3.6
Goodwill impairment			—				(18.4	)			—
Other			12.4				(0.9	)			—
			(5.7	)%			4.5	%			23.1	%

Components of Income (Loss) Before Income Taxes and Related (Benefit) Provision for Income Taxes

The components of income (loss) before income taxes and the related (benefit) provision for income taxes consist of the following:

		Years Ended December 31,
		2024				2023				2022
Income (loss) before income taxes:
United States		$	(57	)		$	(760	)		$	(90	)
Foreign			237				(1,168	)			523
		$	180			$	(1,928	)		$	433
Current taxes:
Federal		$	91			$	21			$	40
State			13				6				7
Foreign			112				120				99
			216				147				146
Deferred taxes:
Federal			(106	)			(130	)			(68	)
State			(20	)			(18	)			(8	)
Foreign			(100	)			(86	)			30
			(226	)			(234	)			(46	)
(Benefit) provision for income taxes		$	(10	)		$	(87	)		$	100

Significant Components of Deferred Tax Assets and Deferred Tax Liabilities

The significant components of the deferred tax assets and deferred tax liabilities are as follows:

		December 31,
		2024				2023
Deferred tax assets:
Interest expense carryforwards		$	178			$	171
Net operating loss carryforwards			71				85
Tax credit carryforwards			34				22
Capitalized research and development			146				98
Lease liability			49				51
Inventory and warranty reserves			48				54
Accrued expenses and other reserves			30				23
Other			9				15
Total deferred tax assets			565				519
Valuation allowance			(151	)			(190	)
Net deferred tax assets		$	414			$	329
Deferred tax liabilities:
Acquired intangible assets and goodwill		$	(558	)		$	(637	)
Right-of-use asset			(48	)			(49	)
Foreign withholding taxes			(40	)			(50	)
Loan costs			(9	)			(24	)
Depreciation and amortization			(4	)			(56	)
Total deferred tax liabilities			(659	)			(816	)
Net deferred tax liabilities		$	(245	)		$	(487	)

Reconciliation of Beginning and Ending Amount of Gross Unrecognized Tax Benefits, Excluding Interest and Penalties

A reconciliation of the beginning and ending amount of gross unrecognized tax benefits, excluding interest and penalties, is as follows:

		Years Ended December 31,
		2024				2023				2022
Balance at beginning of year		$	86			$	83			$	43
(Decreases) increases for tax positions taken during prior years			(4	)			(5	)			35
Increases for tax positions taken during the current year			36				12				9
Reductions related to expiration of statutes of limitations and audit settlements			(24	)			(4	)			(4	)
Balance at end of year		$	94			$	86			$	83

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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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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 the change in unrecognized tax benefits.

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