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Income Taxes (Tables) | 12 Months Ended
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Dec. 31, 2022
Income Tax Disclosure [Abstract] |
Domestic and Foreign Components of Income (Loss) Before Income Taxes | The domestic and foreign components of income (loss) before income taxes were as follows (in millions):
|  | Year Ended December 31, |
|  | 2022 |  |  | 2021 |  |  | 2020 |
Domestic |  | $ | 113 |  |  | $ | (257 | ) |  | $ | (2,169 | )
Foreign |  |  | 125 |  |  |  | 27 |  |  |  | (610 | )
|  | $ | 238 |  |  | $ | (230 | ) |  | $ | (2,779 | )
Components of Provision for Income Taxes | The components of the provision for income taxes consisted of (in millions):
|  | Year Ended December 31, |
|  | 2022 |  |  | 2021 |  |  | 2020 |
Current: |  |  |  |  |  |  |  |  |
Federal |  | $ | (1 | ) |  | $ | 4 |  |  | $ | (279 | )
State |  |  | - |  |  |  | (1 | ) |  |  | (4 | )
Foreign |  |  | 86 |  |  |  | 23 |  |  |  | 106 |
Total current income tax provision |  |  | 85 |  |  |  | 26 |  |  |  | (177 | )
Deferred: |  |  |  |  |  |  |  |  |
Federal |  |  | 3 |  |  |  | (1 | ) |  |  | 7 |
State |  |  | — |  |  |  | — |  |  |  | — |
Foreign |  |  | (5 | ) |  |  | (10 | ) |  |  | (72 | )
Total deferred income tax provision |  |  | (2 | ) |  |  | (11 | ) |  |  | (65 | )
Total income tax provision |  | $ | 83 |  |  | $ | 15 |  |  | $ | (242 | )
Difference Between Effective Tax Rate | The difference between the effective tax rate reflected in the provision for income taxes and the U.S. federal statutory rate was as follows (in millions):
|  | Year Ended December 31, |
|  | 2022 |  |  | 2021 |  |  | 2020 |
Federal income tax at U.S. statutory rate |  | $ | 50 |  |  | $ | (48 | ) |  | $ | (584 | )
Foreign income tax rate differential |  |  | 1 |  |  |  | (9 | ) |  |  | (30 | )
Goodwill impairment |  |  | — |  |  |  | — |  |  |  | 271 |
Reduction of FTC carryforwards |  |  | — |  |  |  | — |  |  |  | 184 |
Tax Benefit from CARES Act |  |  | — |  |  |  | — |  |  |  | (83 | )
Change in deferred tax valuation allowance |  |  | 24 |  |  |  | 31 |  |  |  | (83 | )
Nondeductible expenses |  |  | 18 |  |  |  | 17 |  |  |  | 44 |
Foreign dividends, net of foreign tax credits |  |  | 27 |  |  |  | 54 |  |  |  | 28 |
Change in uncertain tax positions |  |  | 4 |  |  |  | 13 |  |  |  | 20 |
State income taxes - net of federal benefit |  |  | — |  |  |  | (1 | ) |  |  | (4 | )
Income tax credits |  |  | (5 | ) |  |  | (11 | ) |  |  | — |
Other |  |  | (36 | ) |  |  | (31 | ) |  |  | (5 | )
Total income tax provision |  | $ | 83 |  |  | $ | 15 |  |  | $ | (242 | )
Significant Components of Deferred Tax Assets and Liability | Significant components of our deferred tax assets and liabilities were as follows (in millions):
|  | December 31, |
|  | 2022 |  |  | 2021 |
Deferred tax assets: |  |  |  |  |  |
Allowances and operating liabilities |  | $ | 276 |  |  | $ | 297 |
Net operating loss carryforwards |  |  | 324 |  |  |  | 446 |
Stock Compensation |  |  | 51 |  |  |  | 56 |
Tax credit carryforwards |  |  | 292 |  |  |  | 398 |
Other |  |  | 119 |  |  |  | 135 |
Valuation allowance |  |  | (920 | ) |  |  | (1,127 | )
Total deferred tax assets |  |  | 142 |  |  |  | 205 |
Deferred tax liabilities: |  |  |  |  |  |
Tax over book depreciation |  |  | 49 |  |  |  | 56 |
Capital leases |  |  | 73 |  |  |  | 76 |
Intangible assets |  |  | 34 |  |  |  | 52 |
Deferred income |  |  | 16 |  |  |  | 51 |
Accrued tax on unremitted earnings |  |  | 32 |  |  |  | 33 |
Other |  |  | 6 |  |  |  | 3 |
Total deferred tax liabilities |  |  | 210 |  |  |  | 271 |
Net deferred tax liability |  | $ | 68 |  |  | $ | 66 |
Reconciliation of Beginning and Ending Amount of Unrecognized Tax Benefits | A reconciliation of the beginning and ending amount of unrecognized tax benefits is as follows (in millions):
|  | 2022 |  |  | 2021 |  |  | 2020 |
Unrecognized tax benefit at beginning of year |  | $ | 60 |  |  | $ | 57 |  |  | $ | 38 |
Gross increase for tax positions in prior years |  |  | 9 |  |  |  | 8 |  |  |  | 25 |
Gross decrease for tax positions in prior years |  |  | (1 | ) |  |  | (1 | ) |  |  | (2 | )
Cash Settlements |  |  | (1 | ) |  |  | (1 | ) |  |  | (1 | )
Lapse of statute of limitations |  |  | (5 | ) |  |  | (3 | ) |  |  | (3 | )
Unrecognized tax benefit at end of year |  | $ | 62 |  |  | $ | 60 |  |  | $ | 57 |
Summary of Net Operating Loss Carryforwards | Net operating loss carryforwards by jurisdiction and expiration as of December 31, 2022 were as follows (in millions):
|  | Federal |  |  | State |  |  | Foreign |  |  | Total |
2023 - 2027 Expiration |  | $ | 15 |  |  | $ | 4 |  |  | $ | 63 |  |  | $ | 82 |
2028 - 2042 Expiration |  |  | 16 |  |  |  | 425 |  |  |  | 314 |  |  |  | 755 |
Unlimited Expiration |  |  | 320 |  |  |  | — |  |  |  | 498 |  |  |  | 818 |
Total Net Operating Loss (NOL) |  | $ | 351 |  |  | $ | 429 |  |  | $ | 875 |  |  | $ | 1,655 |
Tax Effected NOL |  | $ | 74 |  |  | $ | 28 |  |  | $ | 222 |  |  | $ | 324 |

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