XML 49 R31.htm IDEA: XBRL DOCUMENT
v3.23.1

INCOME TAXES (Tables) | 3 Months Ended
--- | ---
Mar. 31, 2023
Income Tax Disclosure [Abstract] |
Schedule of Effective Income Tax Rate Reconciliation | The following table summarizes the difference between income tax expense (benefit) at the U.S. statutory rate of 21% and the income tax expense (benefit) at effective worldwide tax rates for the respective periods:
| Three Months Ended March 31, |  |
Millions of dollars | 2023 |  | 2022 |  |  |  |
Earnings (Loss) before income taxes | $ | (109) |  |  | $ | 427 |  |  |  |  |
Income tax expense (benefit) computed at United States statutory tax rate | (23) |  |  | 90 |  |  |  |  |
State and local taxes, net of federal tax benefit | 1 |  |  | 9 |  |  |  |  |
Valuation allowances | 4 |  |  | 7 |  |  |  |  |
Audit and Settlements | 20 |  |  | — |  |  |  |  |
U.S. foreign income items, net of credits | 2 |  |  | (8) |  |  |  |  |
Non deductible impairments | 50 |  |  | — |  |  |  |  |
Non deductible fines and penalties | 10 |  |  | — |  |  |  |  |
Other | 4 |  |  | 8 |  |  |  |  |
Income tax expense (benefit) computed at effective worldwide tax rates | 68 |  |  | 106 |  |  |  |  |
(1) Prior year amounts on the table above have been reclassified to conform with current year presentation.

X
- References No definition available. + Details
Name: | us-gaap_IncomeTaxDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- 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 + Details
Name: | us-gaap_ScheduleOfEffectiveIncomeTaxRateReconciliationTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration