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Note 17 - Income Taxes (Tables)

12 Months Ended

Dec. 31, 2023

Notes Tables

Schedule of Income before Income Tax, Domestic and Foreign [Table Text Block]

		Year Ended December 31,
(in millions)			2023				2022				2021
Earnings (loss) from continuing operations before income taxes:
U.S.		$	36			$	(2	)		$	(12	)
Outside the U.S.			51				33				40
Total		$	87			$	31			$	28
U.S. income taxes:
Deferred benefit			(1	)			(3	)			(1	)
Income taxes outside the U.S.:
Current provision			12				7				4
Deferred provision			1				1				1
Total provision		$	12			$	5			$	4

Schedule of Effective Income Tax Rate Reconciliation [Table Text Block]

		Year Ended December 31,
(in millions)			2023				2022				2021
Amount computed using the statutory rate		$	18			$	7			$	6
Increase (reduction) in taxes resulting from:
Unremitted foreign earnings			1				(2	)			(1	)
Operations outside the U.S.			13				4				8
Legislative tax law and rate changes			—				—				(28	)
Valuation allowance			(19	)			(9	)			20
Tax settlements and adjustments, including interest			—				4				(1	)
Other, net			(1	)			1				—
Provision for income taxes		$	12			$	5			$	4

Schedule of Deferred Tax Assets and Liabilities [Table Text Block]

		As of December 31,
(in millions)			2023				2022
Deferred tax assets
Restructuring programs		$	1			$	2
Leasing			2				3
Foreign tax credit			281				358
Inventories			11				14
Investment tax credit			25				26
Employee deferred compensation			23				22
Depreciation			31				33
Research and development costs			42				42
Tax loss carryforwards			529				506
Other deferred revenue			2				2
Other			79				74
Total deferred tax assets before valuation allowances		$	1,026			$	1,082
Valuation allowances			(778	)			(826	)
Total net deferred tax assets		$	248			$	256
Deferred tax liabilities
Pension and postretirement obligations		$	(251	)		$	(258	)
Goodwill/intangibles			(8	)			(8	)
Unremitted foreign earnings			(16	)			(17	)
Total deferred tax liabilities			(275	)			(283	)
Net deferred tax liabilities		$	(27	)		$	(27	)

		As of December 31,
(in millions)			2023				2022
Other long-term liabilities		$	(27	)		$	(27	)
Net deferred tax liabilities		$	(27	)		$	(27	)

Schedule of Unrecognized Tax Benefits Roll Forward [Table Text Block]

		Year Ended December 31,
(in millions)			2023				2022				2021
Balance as of January 1		$	3			$	4			$	8
Tax positions related to the current year:
Additions			—				—				—
Tax positions related to prior years:
Additions			1				1				—
Reductions			(1	)			(2	)			(1	)
Settlements with taxing jurisdictions			(1	)			—				(3	)
Balance as of December 31		$	2			$	3			$	4

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