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Income Taxes (Tables) | 12 Months Ended
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Dec. 31, 2024
Income Tax Disclosure [Abstract] |
Schedule of pre-tax income (loss) for domestic and foreign operations | The components of pretax loss for domestic and foreign operations consisted of the following:
| Year Ended December 31,
| 2024 |  | 2023 |  | 2022
Domestic | $ | (133) |  |  | $ | (119) |  |  | $ | (368) |
Foreign | 4 |  |  | 6 |  |  | 17 |
Pretax loss | $ | (129) |  |  | $ | (113) |  |  | $ | (351) |
Schedule of income tax provision | The components of income tax benefit consisted of the following:
| Year Ended December 31,
| 2024 |  | 2023 |  | 2022
Current: |  |  |  |  |
Federal | $ | (2) |  |  | $ | 9 |  |  | $ | 24 |
State | (1) |  |  | 5 |  |  | — |
Foreign | 3 |  |  | 4 |  |  | 4 |
Total current | — |  |  | 18 |  |  | 28 |
Deferred: |  |  |  |  |
Federal | (13) |  |  | (31) |  |  | (78) |
State | 11 |  |  | (2) |  |  | (18) |
Foreign | — |  |  | — |  |  | — |
Total deferred | (2) |  |  | (33) |  |  | (96) |
Income tax benefit | $ | (2) |  |  | $ | (15) |  |  | $ | (68) |
Schedule of effective income tax rate | A reconciliation of the Company’s effective income tax rate at the U.S. federal statutory rate of 21% to the actual expense was as follows:
| Year Ended December 31,
| 2024 |  | 2023 |  | 2022
Federal statutory rate | 21 | % |  | 21 | % |  | 21 | %
State and local income taxes, net of federal tax benefits | 5 |  |  | 1 |  |  | 3 |
Non-deductible equity compensation | (1) |  |  | (1) |  |  | — |
Non-deductible executive compensation | (4) |  |  | (4) |  |  | (1) |
Goodwill impairment | — |  |  | (5) |  |  | (8) |
Uncertain tax positions | — |  |  | — |  |  | (1) |
Tax credits (a) | 5 |  |  | 6 |  |  | 7 |
Net change in valuation allowance (b) | (21) |  |  | (5) |  |  | — |
Other permanent differences | (3) |  |  | — |  |  | (2) |
Effective tax rate | 2 | % |  | 13 | % |  | 19 | %
_______________ (a)This item in 2022 includes a benefit related to the completion of a research tax credit study for tax years 2016 through 2022. (b)As a result of the Company's recent history of losses, the Company increased the valuation allowance, primarily on foreign tax credits and state net operating losses.
Schedule of deferred income tax assets and liabilities | Deferred income taxes result from temporary differences between the amount of assets and liabilities recognized for financial reporting and tax purposes. The components of the deferred income tax assets and liabilities are as follows:
| December 31,
| 2024 |  | 2023
Deferred income tax assets: |  |  |
Net operating loss carryforwards | $ | 37 |  |  | $ | 36 |
Tax credit carryforwards | 32 |  |  | 28 |
Accrued liabilities and deferred income | 108 |  |  | 117 |
Interest expense limitation carryforward | 20 |  |  | 5 |
Operating leases | 105 |  |  | 120 |
Minimum pension obligations | 12 |  |  | 13 |
Provision for doubtful accounts | 9 |  |  | 10 |
Liability for unrecognized tax benefits | 2 |  |  | 2 |
Total deferred tax assets | 325 |  |  | 331 |
Less: valuation allowance | (51) |  |  | (25) |
Total deferred income tax assets after valuation allowance | 274 |  |  | 306 |
Deferred income tax liabilities: |  |  |
Depreciation and amortization | 367 |  |  | 384 |
Operating leases | 87 |  |  | 99 |
Prepaid expenses | 9 |  |  | 9 |
Basis difference in investment in joint ventures | 18 |  |  | 21 |
Total deferred tax liabilities | 481 |  |  | 513 |
Net deferred income tax liabilities | $ | (207) |  |  | $ | (207) |
Schedule of the rollforward of unrecognized tax benefits | The rollforward of unrecognized tax benefits are summarized in the table below:
Unrecognized tax benefits—January 1, 2022 | $ | 17 |
Gross increases - tax positions in prior periods | 3 |
Gross decreases - tax positions in prior periods | (1) |
Gross increases - tax positions in current period | 1 |
Unrecognized tax benefits—December 31, 2022 | 20 |
Gross decreases - tax positions in prior periods | (1) |
Gross increases - tax positions in current period | 1 |
Unrecognized tax benefits—December 31, 2023 | 20 |
Gross decreases - tax positions in prior periods | (1) |
Gross increases - tax positions in current period | 1 |
Unrecognized tax benefits—December 31, 2024 | $ | 20 |

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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://www.xbrl.org/2009/role/commonPracticeRef -Topic 740 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 9 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482685/740-10-50-9 + 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://www.xbrl.org/2003/role/exampleRef -Topic 740 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 231 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482663/740-10-55-231 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 740 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12A -Publisher FASB -URI https://asc.fasb.org/1943274/2147482685/740-10-50-12A Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 740 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482685/740-10-50-12 + Details
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