XML 111 R34.htm IDEA: XBRL DOCUMENT v3.19.3.a.u2

Income Taxes (Tables)

12 Months Ended

Dec. 31, 2019

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):

	December 31,
	2019			2018			2017
United States	$	(12	)	$	39		$	(64	)
Foreign		(81	)		19			12
Income (loss) before income taxes	$	(93	)	$	58		$	(52	)

Components of the Provision (Benefit) for Income Taxes

The provision (benefit) for income taxes for 2019, 2018 and 2017 consisted of the following (in millions):

	2019			2018			2017
U.S. Federal:
Current		—			—			—
Deferred		—			—			—
		—			—			—
U.S. State:
Current		1			1			—
Deferred		—			—			—
		1			1			—
Foreign
Current		5			6			1
Deferred		(2	)		(1	)		(1	)
		3			5			—
Income tax provision (benefit)	$	4		$	6		$	—

Reconciliation Between Effective Tax Rate

The reconciliation between the Company’s effective tax rate on income (loss) from continuing operations and the statutory tax rate is as follows (in millions):

	December 31,
	2019			2018			2017
Income tax provision (benefit) at federal statutory rate	$	(19	)	$	12		$	(18	)
Foreign tax rate differential		2			2			(2	)
State income tax provision (benefit), net of federal benefit		—			3			(5	)
Nondeductible expenses		3			9			2
Foreign tax credits		1			21			(31	)
Benefit of net operating loss		—			(14	)		—
One-time transition tax		—			1			33
U.S. tax rate change		—			—			69
Investment in subsidiaries		(9	)		—			—
Nondeductible goodwill impairment		16			—			—
Change in valuation allowance		9			(28	)		(45	)
Change in contingency reserve and other		1			—			(3	)
Income tax provision (benefit)	$	4		$	6		$	—
Effective tax rate		(4.4	)%		10.7	%		0.0	%

Significant Components of Deferred Tax Assets and Liabilities

Significant components of the Company’s deferred tax assets and liabilities were as follows (in millions):

	December 31,
	2019			2018			2017
Deferred tax assets:
Allowances and operating liabilities	$	5		$	8		$	8
Net operating loss carryforwards		56			56			52
Foreign tax credit carryforwards		7			8			29
Allowance for doubtful accounts		2			6			6
Inventory reserve		9			10			12
Stock-based compensation		8			8			15
Intangible assets		28			24			27
Assets held-for-sale		4			—			—
Investment in subsidiaries		9			—			—
Book over tax depreciation		4			2			—
Other		4			3			3
Total deferred tax assets	$	136		$	125		$	152
Deferred tax liabilities:
Total deferred tax liabilities	$	—		$	—		$	—
Net deferred tax assets before valuation allowance		136			125			152
Valuation allowance		(138	)		(129	)		(157	)
Net deferred tax liabilities	$	(2	)	$	(4	)	$	(5	)

Reconciliation of Unrecognized Tax Benefits

A reconciliation of the beginning and ending amount of unrecognized tax benefits is as follows (in millions):

	2019				2018				2017
Unrecognized tax benefit at January 1	$	—			$	—			$	1
Gross increases - tax positions in prior period		—				—				—
Gross decreases - tax positions in prior period		—				—				—
Gross increases - tax positions in current period		—				—				—
Settlement		—				—				(1	)
Lapse of statute of limitations		—				—				—
Unrecognized tax benefit at December 31	$	—			$	—			$	—

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=84230637&loc=d3e32639-109319

+ Details

Name:	us-gaap_ScheduleOfComponentsOfIncomeTaxExpenseBenefitTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum: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=84230637&loc=d3e32537-109319

+ Details

Name:	us-gaap_ScheduleOfDeferredTaxAssetsAndLiabilitiesTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum: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=84230637&loc=d3e32687-109319

+ Details

Name:	us-gaap_ScheduleOfEffectiveIncomeTaxRateReconciliationTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum: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://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 235
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08.(h)(1)(i))
-URI http://asc.fasb.org/extlink&oid=26873400&loc=d3e23780-122690

+ Details

Name:	us-gaap_ScheduleOfIncomeBeforeIncomeTaxDomesticAndForeignTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum: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=84230637&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=84230637&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=84230637&loc=d3e32840-109319

+ Details

Name:	us-gaap_SummaryOfIncomeTaxContingenciesTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration