XML 55 R46.htm IDEA: XBRL DOCUMENT
v3.22.1

INCOME TAXES (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2021
Income Tax Disclosure [Abstract] |
Components of loss before benefit from income taxes | The components of Loss before benefit from income taxes for 2021, 2020 and 2019 consist of:
(in millions) |  | 2021 |  | 2020 |  | 2019
Domestic |  | $ | (323) |  |  | $ | (410) |  |  | $ | (2,396) |
Foreign |  | (701) |  |  | (524) |  |  | 559 |
|  | $ | (1,024) |  |  | $ | (934) |  |  | $ | (1,837) |
Components of benefit from income taxes | The components of Benefit from income taxes for 2021, 2020 and 2019 consist of:
(in millions) |  | 2021 |  | 2020 |  | 2019
Current: |  |  |  |  |  |
Domestic |  | $ | (23) |  |  | $ | (8) |  |  | $ | (12) |
Foreign |  | 74 |  |  | (216) |  |  | (116) |
|  | 51 |  |  | (224) |  |  | (128) |
Deferred: |  |  |  |  |  |
Domestic |  | 20 |  |  | 9 |  |  | (5) |
Foreign |  | 16 |  |  | 590 |  |  | 187 |
|  | 36 |  |  | 599 |  |  | 182 |
|  | $ | 87 |  |  | $ | 375 |  |  | $ | 54 |
Reconciliation of benefit from income taxes from the expected amount calculated by applying the Canadian statutory rate to loss before benefit of income taxes | The Benefit from income taxes differs from the expected amount calculated by applying the Company’s Canadian statutory rate of 26.9% to Loss before benefit from income taxes for 2021, 2020 and 2019 as follows:
(in millions) |  | 2021 |  | 2020 |  | 2019
Loss before benefit from income taxes |  | $ | (1,024) |  |  | $ | (934) |  |  | $ | (1,837) |
Benefit from income taxes |  |  |  |  |  |
Expected benefit from income taxes at Canadian statutory rate |  | $ | 275 |  |  | $ | 251 |  |  | $ | 494 |
Non-deductible amount of share-based compensation |  | (9) |  |  | (9) |  |  | (7) |
Adjustments to tax attributes |  | (59) |  |  | 26 |  |  | (99) |
Change in valuation allowance related to foreign tax credits and NOLs |  | 28 |  |  | 62 |  |  | 21 |
Change in valuation allowance on Canadian deferred tax assets and tax rate changes |  | 40 |  |  | 687 |  |  | (142) |
Change in uncertain tax positions |  | 112 |  |  | (163) |  |  | (350) |
Foreign tax rate differences |  | (198) |  |  | (128) |  |  | 186 |
Non-deductible portion of Goodwill impairments |  | (99) |  |  | — |  |  | — |
Tax benefit on intra-entity transfers |  | — |  |  | (338) |  |  | — |
Other |  | (3) |  |  | (13) |  |  | (49) |
|  | $ | 87 |  |  | $ | 375 |  |  | $ | 54 |
Schedule of tax effect of major items recorded as deferred tax assets and liabilities and valuation allowance | Deferred tax assets and liabilities as of December 31, 2021 and 2020 consist of:
(in millions) |  | 2021 |  | 2020
Deferred tax assets: |  |  |  |
Tax loss carryforwards |  | $ | 2,973 |  |  | $ | 2,924 |
Provisions |  | 991 |  |  | 1,004 |
Research and development tax credits |  | 173 |  |  | 172 |
Scientific Research and Experimental Development pool |  | 52 |  |  | 55 |
Tax credit carryforwards |  | 14 |  |  | 20 |
Deferred revenue |  | 3 |  |  | 9 |
Prepaid expenses |  | 26 |  |  | 27 |
Share-based compensation |  | 17 |  |  | 16 |
Other |  | 38 |  |  | 24 |
Total deferred tax assets |  | 4,287 |  |  | 4,251 |
Less valuation allowance |  | (2,222) |  |  | (2,252) |
Deferred tax assets net of valuation allowance |  | 2,065 |  |  | 1,999 |
Deferred tax liabilities: |  |  |  |
Intangible assets |  | 188 |  |  | 228 |
Plant, equipment and technology |  | 44 |  |  | 89 |
Outside basis differences |  | 110 |  |  | 71 |
Unrealized FX on U.S. dollar debt and other financing cost |  | — |  |  | 2 |
Total deferred tax liabilities |  | 342 |  |  | 390 |
Net deferred tax asset |  | $ | 1,723 |  |  | $ | 1,609 |
The following table presents a reconciliation of the deferred tax asset valuation allowance for 2021, 2020 and 2019:
(in millions) |  | 2021 |  | 2020 |  | 2019
Balance, beginning of year |  | $ | 2,252 |  |  | $ | 2,831 |  |  | $ | 2,913 |
Charged to Benefit from income taxes |  | (63) |  |  | (773) |  |  | 13 |
Charged to other accounts |  | 33 |  |  | 194 |  |  | (95) |
Balance, end of year |  | $ | 2,222 |  |  | $ | 2,252 |  |  | $ | 2,831 |
Summary of open tax years by jurisdiction |
Jurisdiction: |  | Open Years
United States - Federal |  | 2015 - 2020
Canada |  | 2012 - 2020
Germany |  | 2014 - 2020
France |  | 2013 - 2020
China |  | 2016 - 2020
Ireland |  | 2016 - 2020
Netherlands |  | 2017 - 2020
Australia |  | 2011 - 2020
Luxembourg |  | 2017 - 2020
Reconciliation of the beginning and ending amounts of unrecognized tax benefits | The following table presents a reconciliation of the unrecognized tax benefits for 2021, 2020 and 2019:
(in millions) |  | 2021 |  | 2020 |  | 2019
Balance, beginning of year |  | $ | 1,025 |  |  | $ | 1,002 |  |  | $ | 654 |
Additions based on tax positions related to the current year |  | 79 |  |  | 66 |  |  | 361 |
Additions for tax positions of prior years |  | 121 |  |  | 171 |  |  | 63 |
Reductions for tax positions of prior years |  | (129) |  |  | (209) |  |  | (58) |
Lapse of statute of limitations |  | (169) |  |  | (5) |  |  | (18) |
Balance, end of year |  | $ | 927 |  |  | $ | 1,025 |  |  | $ | 1,002 |

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 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 http://asc.fasb.org/extlink&oid=121826272&loc=d3e32639-109319 + Details
Name: | us-gaap_ScheduleOfComponentsOfIncomeTaxExpenseBenefitTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- 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 http://asc.fasb.org/extlink&oid=121826272&loc=d3e32537-109319 + Details
Name: | us-gaap_ScheduleOfDeferredTaxAssetsAndLiabilitiesTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
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 http://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

X
- Definition Tabular disclosure of income before income tax between domestic and foreign jurisdictions. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.4-08(h)(1)(Note 1)) -URI http://asc.fasb.org/extlink&oid=120395691&loc=d3e23780-122690 + Details
Name: | us-gaap_ScheduleOfIncomeBeforeIncomeTaxDomesticAndForeignTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the change in unrecognized tax benefits. + References Reference 1: http://www.xbrl.org/2003/role/exampleRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 55 -Paragraph 217 -URI http://asc.fasb.org/extlink&oid=124434304&loc=d3e36027-109320 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 15A -URI http://asc.fasb.org/extlink&oid=121826272&loc=SL6600010-109319 + Details
Name: | us-gaap_ScheduleOfUnrecognizedTaxBenefitsRollForwardTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- 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 http://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 http://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 http://asc.fasb.org/extlink&oid=121826272&loc=d3e32840-109319 + Details
Name: | us-gaap_SummaryOfIncomeTaxContingenciesTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration