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Income Taxes (Tables)

3 Months Ended

Mar. 31, 2023

Income Tax Disclosure [Abstract]

Schedule of Effective Income Tax Rate Reconciliation

A reconciliation of U.S. statutory federal income tax expense to income tax expense follows:

			3ME March 31
(In millions)			2023						2022
U.S. statutory federal tax expense (benefit)			$	(21)					$	18
Increase (decrease) in taxes resulting from:
State and local income taxes, net of federal income tax effects			(3)						1
Valuation allowance			52						16
Foreign tax effects			8						2
Noncontrolling interest			5						(2)
Sale of AMECO South America			(10)						—
Other adjustments			(1)						(4)
Total income tax expense			$	30					$	31

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- References

No definition available.

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- Definition

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.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 12
-URI https://asc.fasb.org/extlink&oid=121826272&loc=d3e32687-109319

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