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INCOME TAXES - Schedule of Components of Income Tax Benefit (Expense) (Details) - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Earnings (loss) before income taxes      
United States $ 9 $ (158) $ 1,287
Foreign 584 (1,069) 1,045
Earnings (loss) before income taxes 593 (1,227) 2,332
Income tax (benefit) expense computed at United States statutory rate 125 (258) 490
U.S. government tax incentives (20) (19) (19)
Foreign government tax incentives (30) (23) (23)
Foreign tax rate differential 41 (3) 66
U.S. foreign tax credits (43) 11 (29)
Valuation allowances 78 222 1
State and local taxes, net of federal tax benefit (43) (21) 57
Foreign withholding taxes 13 52 19
U.S. tax on foreign dividends and subpart F income 36 22 9
Settlements and changes in unrecognized tax benefits 43 3 100
Changes in enacted tax rates 1 (2) (14)
Nondeductible loss on sale and disposal of businesses 5 421 0
Nondeductible fines and penalties 18 0 0
Nondeductible goodwill impairments 0 59 0
Legal Entity Debt Restructuring 0 (159) 0
Divestiture tax impact 0 0 (35)
Legal entity restructuring tax impact (172) 0 (98)
Other items, net 25 (40) (6)
Total income tax expense $ 77 $ 265 $ 518