XML 120 R101.htm IDEA: XBRL DOCUMENT v3.21.1
Income Taxes (Schedule of Reconciliations Between Tax Expense and The Consolidated Effective Income Tax Rate for Earnings Before Income Taxes and Other Items - Tax Rates) (Details) - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
Earnings (loss) before income taxes      
United States $ 1,020 $ 652 $ 775
Foreign 427 878 (750)
Earnings before income taxes 1,447 1,530 25
Income tax (benefit) expense computed at United States statutory rate 304 321 6
U.S. government tax incentives (17) (21) (11)
Foreign government tax incentives, including BEFIEX (20) (13) (21)
Foreign tax rate differential 30 70 (24)
U.S. foreign tax credits (25) (86) (260)
Valuation allowances 15 (150) 75
State and local taxes, net of federal tax benefit 40 41 25
Foreign withholding taxes 8 54 24
U.S. tax on foreign dividends and subpart F income 34 67 72
Settlements and changes in unrecognized tax benefits 53 113 72
U.S. Transition Tax 0 26 40
Changes in enacted tax rates (6) 42 (54)
Nondeductible goodwill 0 0 139
Nondeductible fines & penalties 0 0 30
Sale of Embraco 0 58 0
Legal entity restructuring tax impact (82) (147) 0
Other items, net 48 (27) 37
Total income tax expense $ 382 $ 348 $ 150