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Income taxes (Tables)

12 Months Ended

Dec. 31, 2021

Income Tax Disclosure [Abstract]

Provision for taxes on income

The provision for taxes on income for the years ended December 31 consists of the following:

			2021						2020						2019
Pretax income
Domestic			$	(342,951)					$	54,397					$	217,098
Foreign			181,969						201,195						163,668
Total pretax income			$	(160,982)					$	255,592					$	380,766
Current
Federal			$	21,247					$	10,868					$	14,933
State			15,212						4,608						2,565
Foreign			55,018						42,764						45,911
Total current			$	91,477					$	58,240					$	63,409
Deferred
Federal			$	(120,243)					$	432					$	25,064
State			$	(39,709)					$	512					8,599
Foreign			1,045						(6,154)						(3,803)
Total deferred			$	(158,907)					$	(5,210)					$	29,860
Total taxes			$	(67,430)					$	53,030					$	93,269

Deferred tax liabilities/(assets)

Deferred tax (liabilities)/assets are comprised of the following at December 31:

			2021						2020
Property, plant and equipment			$	(97,806)					$	(91,752)
Intangibles			(96,057)						(110,796)
Leases			(75,587)						(79,531)
Gross deferred tax liabilities			$	(269,450)					$	(282,079)
Retiree health benefits			$	2,935					$	4,065
Foreign loss carryforwards			76,462						81,143
U.S. Federal loss and credit carryforwards			34,700						78,100
Capital loss carryforwards			4,050						3,121
Employee benefits			46,503						47,134
Leases			78,518						84,076
Accrued liabilities and other assets			75,611						69,341
Gross deferred tax assets			$	318,779					$	366,980
Valuation allowance on deferred tax assets			$	(93,992)					$	(128,435)
Total deferred taxes, net			$	(44,663)					$	(43,534)

Reconciliation of U.S. Federal Statutory Tax Rate to actual consolidated tax expense

A reconciliation of the U.S. federal statutory tax rate to the actual (benefit from)/provision for income taxes is as follows:

			2021												2020												2019
Statutory tax rate			$	(33,806)					21.0		%				$	53,674					21.0		%				$	79,961					21.0		%
State income taxes, net of federal tax benefit			(15,863)						9.9		%				4,859						1.9		%				7,767						2.0		%
Valuation allowance			(33,576)						20.9		%				1,589						0.6		%				3,174						0.8		%
Tax examinations including change in reserve for uncertain tax positions			5,665						(3.5)		%				5,546						2.2		%				(1,639)						(0.4)		%
Adjustments to prior year deferred taxes			1,239						(0.8)		%				(265)						(0.1)		%				(499)						(0.1)		%
Foreign earnings taxed at other than U.S. rates			9,659						(6.0)		%				3,275						1.3		%				5,083						1.3		%
Divestiture of business			(808)						0.5		%				(15,356)						(6.0)		%				—						—		%
Effect of tax rate changes			275						(0.2)		%				(523)						(0.2)		%				531						0.1		%
Foreign withholding taxes			8,107						(5.0)		%				2,157						0.8		%				2,015						0.5		%
Tax credits			(21,936)						13.6		%				(13,529)						(5.3)		%				(13,310)						(3.5)		%
Global intangible low-taxed income (GILTI)			11,323						(7.0)		%				15,795						6.2		%				12,340						3.2		%
Foreign-derived intangible income			(202)						0.1		%				(1,238)						(0.5)		%				(1,225)						(0.3)		%
Foreign currency gain/(loss) on distributions of previously taxed income			3,365						(2.1)		%				(344)						(0.1)		%				—						—		%
Other, net			(872)						0.5		%				(2,610)						(1.1)		%				(929)						(0.2)		%
(Benefit from)/Provision for income taxes			$	(67,430)					41.9		%				$	53,030					20.7		%				$	93,269					24.4		%

Reconciliation of gross amounts of unrecognized tax benefits

The following table sets forth the reconciliation of the gross amounts of unrecognized tax benefits at the beginning and ending of the periods indicated: 

			2021						2020						2019
Gross Unrecognized Tax Benefits at January 1			$	11,230					$	12,200					$	14,400
Increases in prior years’ unrecognized tax benefits			12,283						91						—
Decreases in prior years’ unrecognized tax benefits			(275)						(464)						(1,300)
Increases in current year's unrecognized tax benefits			1,088						1,569						1,300
Decreases in unrecognized tax benefits from the lapse of statutes of limitations			(6,170)						(1,866)						(2,300)
Settlements			(14)						(300)						100
Gross Unrecognized Tax Benefits at December 31			$	18,142					$	11,230					$	12,200

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Tabular disclosure of the components of income tax expense attributable to continuing operations for each year presented including, but not limited to: current tax expense (benefit), deferred tax expense (benefit), investment tax credits, government grants, the benefits of operating loss carryforwards, tax expense that results from allocating certain tax benefits either directly to contributed capital or to reduce goodwill or other noncurrent intangible assets of an acquired entity, adjustments of a deferred tax liability or asset for enacted changes in tax laws or rates or a change in the tax status of the entity, and adjustments of the beginning-of-the-year balances of a valuation allowance because of a change in circumstances that causes a change in judgment about the realizability of the related deferred tax asset in future years.

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Tabular disclosure of the components of net deferred tax asset or liability recognized in an entity's statement of financial position, including the following: the total of all deferred tax liabilities, the total of all deferred tax assets, the total valuation allowance recognized for deferred tax assets.

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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.

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Tabular disclosure for tax positions taken in the tax returns filed or to be filed for which it is more likely than not that the tax position will not be sustained upon examination by taxing authorities and other income tax contingencies. Includes, but is not limited to, interest and penalties, reconciliation of unrecognized tax benefits, unrecognized tax benefits that would affect the effective tax rate, tax years that remain subject to examination by tax jurisdictions, and information about positions for which it is reasonably possible that amounts unrecognized will significantly change within 12 months.

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