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Income Taxes (Tables)

12 Months Ended

Dec. 31, 2022

Income Tax Disclosure [Abstract]

Schedule of the components of income before income taxes

The components of income before income taxes and the provision for income taxes for the years indicated are shown below:

(in millions)						2022						2021						2020
Income before income taxes:
U.S.						$	111					$	39					$	(15)
Foreign						557						209						521
Total income before income taxes						668						248						506
Provision for income taxes:
Current tax expense:
U.S. federal						8						2						1
State and local						2						2						2
Foreign						159						180						156
Total current tax expense						169						184						159
Deferred tax expense (benefit):
U.S. federal						5						(57)						(18)
State and local						(1)						(2)						(1)
Foreign						(7)						(2)						12
Total deferred tax (benefit)						(3)						(61)						(7)
Total provision for income taxes						$	166					$	123					$	152

Schedule of the tax effects of significant temporary difference

Significant temporary differences as of December 31, 2022 and 2021, are summarized as follows:

(in millions)						2022						2021
Deferred tax assets attributable to:
Employee benefit accruals						$	30					$	28
Pensions and postretirement plans						14						14
Lease liabilities						49						49
Bad debt						6						14
Inventory reserve						22						13
Net operating loss carryforwards						59						64
Tax credit carryforwards						5						18
Other						42						36
Total deferred tax assets						227						236
Valuation allowances						(51)						(67)
Net deferred tax assets						176						169
Deferred tax liabilities attributable to:
Property, plant and equipment						175						175
Identified intangibles						48						47
Right-of-use lease assets						46						46
Foreign withholding and state taxes on unremitted earnings						1						1
Goodwill						31						27
Brazilian indirect tax credits						4						5
Derivative contracts						3						19
Total deferred tax liabilities						308						320
Net deferred tax liabilities						$	132					$	151

Schedule of reconciliation of US federal statutory tax rate to effective tax rate

A reconciliation of the U.S. federal statutory tax rate to our effective tax rate follows:

			2022						2021						2020
Provision for tax at U.S. statutory rate			21.0		%				21.0		%				21.0		%
Tax rate difference on foreign income			7.2						13.3						9.1
Foreign currency FX			(0.3)						3.2						1.2
Inflation adjustments			(0.6)						(4.0)						(0.8)
Tax benefit of intercompany financing			(0.4)						(1.6)						(0.8)
U.S. international tax implications			2.2						0.8						0.6
Valuation allowance in Argentina			—						(0.4)						(0.6)
Favorable judgment on the treatment of credits and interest on indirect taxes			(0.3)						(4.8)						(0.6)
Unremitted earnings			—						(12.1)						—
Impairment charge related to Argentina joint venture			—						35.5						—
Foreign-derived intangible income (FDII)			(1.0)						—						—
Brazil exclusion of certain tax incentives			(4.0)						—						—
Other items, net			1.1						(1.3)						0.9
Provision at effective tax rate			24.9		%				49.6		%				30.0		%

Schedule of reconciliation of beginning and ending amount of unrecognized tax benefits, excluding interest and penalties

A reconciliation of the beginning and ending amounts of unrecognized tax benefits, excluding interest and penalties, for 2022 and 2021 is as follows:

(in millions)						2022						2021
Balance at January 1						$	29					$	46
Additions for tax positions related to prior years						5						2
Reductions for tax positions related to prior years						(1)						(9)
Additions based on tax positions related to the current year						1						2
Reductions related to a lapse in the statute of limitations						(4)						(12)
Balance at December 31						$	30					$	29

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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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Tabular disclosure for tax positions taken in the tax returns filed or to be filed for which it is more likely than not that the tax position will not be sustained upon examination by taxing authorities and other income tax contingencies. Includes, but is not limited to, interest and penalties, reconciliation of unrecognized tax benefits, unrecognized tax benefits that would affect the effective tax rate, tax years that remain subject to examination by tax jurisdictions, and information about positions for which it is reasonably possible that amounts unrecognized will significantly change within 12 months.

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