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Income Taxes (Tables)

12 Months Ended

Dec. 31, 2024

Income Tax Disclosure [Abstract]

Schedule of Income Before Income Taxes

For the years ended December 31, income before income taxes consisted of the following: 

In millions			2024						2023						2022
Income before income taxes
United States			$	58					$	35					$	17
Foreign			106						82						50
Total income before income taxes			$	164					$	117					$	67

Schedule of Income Tax Expense (Benefit)

For the years ended December 31, income tax expense consisted of the following:

In millions			2024						2023						2022
Income tax expense
Current
Federal			$	32					$	25					$	29
State and local			5						5						6
Foreign			24						36						25
Deferred
Federal			(9)						(12)						(21)
State and local			(2)						(2)						(3)
Foreign			—						3						(2)
Total income tax expense			$	50					$	55					$	34
Effective income tax rate			30.5		%				47.0		%				50.7		%

Schedule of Difference Between the Effective Tax Rate and the U.S. Federal Statutory Income Tax Rate

The following table presents the principal components of the difference between the effective tax rate and the United States federal statutory income tax rate for the years ended December 31:

			2024						2023						2022
Income tax expense at the U.S. federal tax rate			21.0		%				21.0		%				21.0		%
Foreign income tax differential			(3.2)		%				1.5		%				13.0		%
U.S. tax on foreign earnings			(0.7)		%				(1.7)		%				2.8		%
State and local income taxes			(1.3)		%				(3.2)		%				(4.2)		%
U.S. permanent book/tax differences			1.8		%				3.7		%				4.8		%
U.S. research and development tax credits			(4.2)		%				(6.1)		%				(10.4)		%
Change in valuation allowance			10.7		%				18.6		%				18.7		%
Argentina hyperinflationary adjustment			—		%				13.1		%				—		%
Tax impact of stock compensation			4.3		%				1.7		%				3.6		%
Tax impact of uncertain tax positions			2.1		%				(0.8)		%				1.5		%
Other, net			—		%				(0.8)		%				(0.1)		%
Effective income tax rate			30.5		%				47.0		%				50.7		%

Schedule of Deferred Income Tax Assets and Liabilities

Deferred income tax assets and liabilities included in the balance sheets at December 31 were as follows:

In millions			2024						2023
Deferred income tax assets
Employee pensions and other liabilities			$	41					$	59
Other balance sheet reserves and allowances			29						15
Operating lease liabilities			2						3
Tax loss and credit carryforwards			115						109
Deferred revenue			3						4
Intangibles and capitalized software			184						178
Total deferred income tax assets			374						368
Valuation allowance			(101)						(90)
Net deferred income tax assets			273						278
Deferred income tax liabilities
Right of use assets - operating lease			2						2
Property and equipment			24						32
Other			31						31
Total deferred income tax liabilities			57						65
Total net deferred income tax assets			$	216					$	213

Schedule of Unrecognized Tax Benefits Roll Forward

Below is a roll-forward of the Company’s liability related to uncertain tax positions at December 31:

In millions			2024						2023
Balance at January 1			$	40					$	41
Gross increases for prior period tax positions			1						1
Gross increases for current period tax positions			3						3
Decreases due to the lapse of applicable statute of limitations			—						(5)
Balance at December 31			$	44					$	40

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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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