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Income Taxes (Tables) | 12 Months Ended
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Dec. 31, 2022
Income Tax Disclosure [Abstract] |
Schedule of components of the provision from continuing operations | Details of the Company's income tax provision from continuing operations are provided in the table below:
| Year Ended December 31,
(In millions) | 2022 |  | 2021 |  | 2020
Income (Loss) Before Income Taxes: (a) |  |  |  |  |
U.S | $ | 50 |  |  | $ | (26) |  |  | $ | (65) |
Non-U.S | 126 |  |  | 101 |  |  | 39 |
Total income (loss) before income taxes | $ | 176 |  |  | $ | 75 |  |  | $ | (26) |
Current Tax Provision: |  |  |  |  |
Non-U.S | $ | 45 |  |  | 31 |  |  | $ | 21 |
U.S. state and local | 1 |  |  | — |  |  | — |
Total current tax provision | 46 |  |  | 31 |  |  | 21 |
Deferred Tax Provision (Benefit): |  |  |  |  |
Non-U.S | (1) |  |  | — |  |  | 7 |
Total deferred tax provision (benefit) | (1) |  |  | — |  |  | 7 |
Provision for income taxes | $ | 45 |  |  | $ | 31 |  |  | $ | 28 |
(a) Income (loss) before income taxes excludes equity in net income from non-consolidated affiliates.
Schedule of effective income tax rate reconciliation | A summary of the differences between the provision for income taxes calculated at the U.S. statutory tax rate of 21% and the consolidated income tax provision from continuing operations is shown below:
| Year Ended December 31,
(In millions) | 2022 |  | 2021 |  | 2020
Tax provision (benefit) at U.S. statutory rate of 21% | $ | 37 |  |  | $ | 16 |  |  | $ | (5) |
Impact of foreign operations | 63 |  |  | 18 |  |  | (15) |
Non-U.S withholding taxes | 9 |  |  | 8 |  |  | 5 |
Tax holidays in foreign operations | (5) |  |  | (5) |  |  | (4) |
State and local income taxes | (2) |  |  | — |  |  | — |
Tax reserve adjustments | 3 |  |  | 2 |  |  | 1 |
Change in valuation allowance | (61) |  |  | (10) |  |  | 46 |
Impact of tax law change | — |  |  | 1 |  |  | — |
Research credits | (1) |  |  | (1) |  |  | (1) |
Other | 2 |  |  | 2 |  |  | 1 |
Provision for income taxes | $ | 45 |  |  | $ | 31 |  |  | $ | 28 |
Schedule of deferred tax assets and liabilities | The components of deferred income tax assets and liabilities are as follows:
| December 31,
(In millions) | 2022 |  | 2021
Deferred Tax Assets: |  |  |
Net operating losses and credit carryforwards | $ | 1,030 |  |  | $ | 1,163 |
Employee benefit plans | 28 |  |  | 46 |
Lease liability | 42 |  |  | 47 |
Fixed assets and intangibles | 19 |  |  | 17 |
Warranty | 10 |  |  | 11 |
Inventory | 13 |  |  | 9 |
Restructuring | 5 |  |  | 6 |
Capitalized expenditures | 58 |  |  | 5 |
Deferred income | 11 |  |  | 13 |
Other | 49 |  |  | 55 |
Gross deferred tax assets | 1,265 |  |  | 1,372 |
Valuation allowance | (1,120) |  |  | (1,207) |
Total deferred tax assets | $ | 145 |  |  | $ | 165 |
Deferred Tax Liabilities: |  |  |
Outside basis investment differences, including withholding tax | $ | 61 |  |  | $ | 63 |
Right-of-use assets | 41 |  |  | 46 |
Fixed assets and intangibles | 11 |  |  | 14 |
All other | 17 |  |  | 22 |
Total deferred tax liabilities | 130 |  |  | 145 |
Net deferred tax assets | $ | 15 |  |  | $ | 20 |
Consolidated Balance Sheet Classification: |  |  |
Other non-current assets | $ | 42 |  |  | $ | 47 |
Deferred tax liabilities non-current | 27 |  |  | 27 |
Net deferred tax assets | $ | 15 |  |  | $ | 20 |
Summary of unrecognized tax benefits | A reconciliation of the beginning and ending amount of unrecognized tax benefits including amounts attributable to discontinued operations is as follows:
| Year Ended December 31,
(In millions) | 2022 |  | 2021
Beginning balance | $ | 16 |  |  | $ | 14 |
Tax positions related to current period |  |  |
Additions | 3 |  |  | 3 |
Tax positions related to prior periods |  |  |
Additions | — |  |  | — |
Reductions | (1) |  |  | (1) |
Ending balance | $ | 18 |  |  | $ | 16 |

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- Definition 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. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 9 -URI https://asc.fasb.org/extlink&oid=121826272&loc=d3e32639-109319 + Details
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- Definition 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. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 2 -URI https://asc.fasb.org/extlink&oid=121826272&loc=d3e32537-109319 + Details
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- 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
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- Definition 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. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 15A -URI https://asc.fasb.org/extlink&oid=121826272&loc=SL6600010-109319 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 15 -Subparagraph (d) -URI https://asc.fasb.org/extlink&oid=121826272&loc=d3e32718-109319 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 19 -URI https://asc.fasb.org/extlink&oid=121826272&loc=d3e32840-109319 + Details
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