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INCOME TAXES (Tables)

12 Months Ended

Dec. 31, 2021

Income Tax Disclosure [Abstract]

Schedule of Components of Earnings from Continuing Operations before Income Taxes

The components of earnings (loss) from continuing operations before income taxes and the provision for (benefit from) income taxes from continuing operations were as follows:

						Years ended December 31,
						2021						2020						2019
						(In thousands)
Earnings (loss) from continuing operations before income taxes:
United States						$	559,621					$	(126,537)					$	(44,668)
Foreign						133,019						(3,823)						2,397
Total						$	692,640					$	(130,360)					$	(42,271)
Provision for (benefit from) income taxes from continuing operations:
Current tax expense (benefit) from continuing operations:
Federal						$	8,673					$	(642)					$	(1,065)
State						24,011						9,523						9,187
Foreign						12,205						5,620						5,210
						44,889						14,501						13,332
Deferred tax expense (benefit) from continuing operations:
Federal						111,893						(27,534)						(8,228)
State						8,212						(10,263)						(18,790)
Foreign						6,048						4,932						(5,313)
						126,153						(32,865)						(32,331)
Total						$	171,042					$	(18,364)					$	(18,999)

Schedule of Reconciliation of Federal Statutory Tax Rate with Effective Tax Rate from Continuing Operations

A reconciliation of the federal statutory tax rate with the effective tax rate from continuing operations follows:

						Years ended December 31,
						2021						2020						2019
						(Percentage of pre-tax earnings)
Federal statutory tax rate						21.0		%				21.0		%				21.0		%
Impact on deferred taxes for changes in tax rates						(0.3)		%				0.9		%				20.5		%
Additional deferred tax adjustments						(0.1)		%				0.8		%				—		%
State income taxes, net of federal income tax benefit						4.4		%				(3.4)		%				(19.2)		%
Foreign rates varying from federal statutory tax rate						0.1		%				1.3		%				3.1		%
Tax contingencies						(0.7)		%				5.5		%				15.7		%
Tax credits						(0.3)		%				1.7		%				11.3		%
Other permanent book-tax differences						1.8		%				(3.3)		%				(8.6)		%
Change in foreign valuation allowance						(1.1)		%				(11.9)		%				—		%
Other						(0.1)		%				1.5		%				1.1		%
Effective tax rate						24.7		%				14.1		%				44.9		%

Schedule of Components of Net Deferred Income Tax Liability

The components of the net deferred income tax liability were as follows:

						December 31,
						2021						2020
						(In thousands)
Deferred income tax assets:
Self-insurance accruals						$	111,058					$	104,346
Net operating loss carryforwards						271,203						381,585
Accrued compensation and benefits						68,968						46,321
Pension benefits						16,862						75,466
Deferred revenue						152,435						170,958
Other, including federal benefit on state tax positions						30,613						35,104
						651,139						813,780
Valuation allowance						(23,456)						(41,153)
						627,683						772,627
Deferred income tax liabilities:
Property and equipment basis differences						(1,873,598)						(1,888,112)
Other						(23,818)						(5,379)
						(1,897,416)						(1,893,491)
Net deferred income tax liability (1)						$	(1,269,733)					$	(1,120,864)

_______________

(1)Deferred tax assets of $5 million have been included in "Sales-type leases and other assets" as of both December 31, 2021 and 2020.

Schedule of Uncertain Tax Positions

In many cases, our uncertain tax positions are related to tax years that remain subject to examination by the relevant taxing authorities. The following table summarizes these open tax years by jurisdiction:

Jurisdiction						Open Tax Year
United States (Federal)						2013 - 2015, 2018 - 2021
Canada						2013 - 2021
Mexico						2016 - 2021
United Kingdom						2020 - 2021
Brazil (in discontinued operations)						2016 - 2021

Schedule of Activity Related to Unrecognized Tax Benefits

The following table summarizes the activity related to unrecognized tax benefits (excluding the federal benefit received from state positions):

						December 31,
						2021						2020						2019
						(In thousands)
Balance at January 1						$	42,787					$	48,918					$	58,819
Additions based on tax positions related to the current year						1,316						2,225						1,422
Reductions due to lapse of applicable statutes of limitation						(5,696)						(8,356)						(11,323)
Gross balance at December 31						38,407						42,787						48,918
Interest and penalties						3,585						4,491						4,772
Balance at December 31						$	41,992					$	47,278					$	53,690

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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 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 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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