XML 121 R103.htm IDEA: XBRL DOCUMENT v3.22.4
Income Taxes (Details) - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Current:      
U.S. federal $ 45,130 $ 66,486 $ 40,234
Foreign  40,876 29,987 42,487
State and local 6,177 1,478 5,894
Total current provision (benefit) 92,183 97,951 88,615
Deferred:      
U.S. federal (88,498) (92,021) (50,038)
Foreign (42,756) (4,339) 26,742
State and local (4,568) (4,185) (3,902)
Total deferred provision (benefit) (135,822) (100,545) (27,198)
Total provision (benefit) (43,639) (2,594) 61,417
Effective Income Tax Rate Reconciliation, Amount [Abstract]      
Statutory federal income tax at 21% 32,400 28,100 39,200
Base Erosion and Anti-abuse Tax (7,600) 7,600 0
Foreign impact, net (22,300) (158,000) 100
Change in valuation allowances (50,500) 146,600 26,900
State and local income taxes, net 1,600 (2,700) 2,000
Reversal of deferred tax liabilities following legal entity reorganizations 0 (22,600) 0
Research and development credit (1,000) (3,600) (5,200)
Non-deductible items 2,300 4,400 1,800
U.S. federal tax return to accrual adjustments, not separately disclosed in other categories 1,800 (800) (1,600)
Recognition of compensation costs related to restricted shares 2,400 (1,300) 1,000
Intercompany profit in inventory (2,000) (300) 300
Other, net $ (700) $ 0 $ (3,100)
Effective tax rate (28.30%) (1.90%) 30.40%
Base erosion and anti-abuse tax $ 0    
Unrecorded foreign undistributed earnings taxes 24,500    
Deferred tax assets related to:      
Net operating loss carryforwards 183,541 $ 200,196  
Credit and capital loss carryforwards 197,774 185,832  
Warranty and accrued liabilities 49,302 26,116  
Section 59(e) capitalized expenses 54,486 43,434  
Other 168,933 161,418  
Total deferred tax assets 654,036 616,996  
Valuation allowances (356,557) (415,962)  
Net deferred tax assets 297,479 201,034  
Deferred tax liabilities related to:      
Goodwill and intangibles (123,088) (123,133)  
Foreign undistributed earnings (11,154) (15,529)  
Operating lease right-of-use-assets (20,453) (25,556)  
Other (1,395) (1,936)  
Total deferred tax liabilities (156,090) (166,154)  
Deferred tax asset (liabilities), net 141,389 34,880  
Operating loss carryforward 1,475,000    
Earnings before income taxes comprised:      
U.S.  63,508 (52,915) $ 73,109
Foreign 90,868 186,504 129,183
Total 154,376 133,589 202,292
Reconciliation of the total gross amount of unrecognized tax benefits, excluding interest and penalities:      
Balance — 49,900 54,800 40,600
Gross amount of increase (decrease) in unrecognized tax benefits resulting from tax positions taken:      
During a prior year 5,400 8,000 3,800
During the current period 5,800 4,500 11,100
Decreases in unrecognized tax benefits relating to:      
Settlements with taxing authorities (5,500) (10,200) (200)
Lapse of the applicable statute of limitations (4,100) (5,100) (2,500)
Increase (decrease) in unrecognized tax benefits relating to foreign currency translation adjustments     2,000
Increase (decrease) in unrecognized tax benefits relating to foreign currency translation adjustments (1,300) (2,100)  
Balance — 50,200 49,900 54,800
Gross unrecognized tax benefits 71,100    
Gross unrecognized tax benefits, accrued interest and penalties 20,900    
Unrecognized tax benefits, if recognized, would favorably impact effective tax rate 57,500    
Unrecognized tax benefits minimum amount of estimated reduction within the next twelve months 12,000    
Deferred tax asset valuation allowance      
SEC Schedule, 12-09, Movement in Valuation Allowances and Reserves [Roll Forward]      
Balance at Beginning of Year 415,962 287,410 266,414
Additions charged to cost and expenses 36,822 178,203 49,950
Additions charged to other accounts - currency effects and other, net (11,775) (15,572) (529)
Deductions from reserve (84,452) (34,079) (28,425)
Balance at End of Year 356,557 $ 415,962 $ 287,410
State and Local Jurisdiction      
Deferred tax liabilities related to:      
Operating loss carryforward 19,800    
Foreign Tax Authority      
Deferred tax assets related to:      
Other 113,400    
Deferred tax liabilities related to:      
Operating loss carryforward 234,000    
Tax credit carryforward 93,500    
Foreign tax credit carryforrward 45,200    
Capital loss carryforward 100,000    
Foreign Tax Authority | 2022-2023 Expiration      
Deferred tax liabilities related to:      
Tax credit carryforward 132,100    
Foreign Tax Authority | Hungary      
Deferred tax liabilities related to:      
Operating loss carryforward 1,089,000    
Foreign operating loss carryforward $ 98,000