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Income Taxes (Tables)

12 Months Ended

Dec. 31, 2022

Income Tax Disclosure [Abstract]

Schedule of Income before Income Tax, Domestic and Foreign

Loss before income taxes (pre-tax income (loss)) was as follows:

						Year Ended December 31,
(in millions)						2022						2021						2020
Domestic loss						$	(149)					$	(68)					$	(186)
Foreign income						22						43						47
Loss Before Income Taxes						$	(127)					$	(25)					$	(139)

Schedule of Effective Income Tax Rate Reconciliation

A reconciliation of the U.S. federal statutory income tax rate to the consolidated effective income tax rate was as follows:

						Year Ended December 31,
						2022						2021						2020
U.S. federal statutory income tax rate						21.0		%				21.0		%				21.0		%
Nondeductible expenses						(3.5)		%				(15.5)		%				(2.1)		%
Change in valuation allowance for deferred tax assets						(8.0)		%				(20.4)		%				0.6		%
State taxes, net of federal benefit						(2.4)		%				(8.6)		%				(2.1)		%
Tax-exempt income, credits and incentives						3.0		%				38.4		%				5.1		%
Foreign rate differential adjusted for U.S. taxation of foreign profits(1)						(1.9)		%				(11.1)		%				(0.9)		%
Divestitures						(17.9)		%				2.1		%				—		%
Impairments(2)						(39.8)		%				(3.1)		%				—		%
Unrecognized tax benefits						6.6		%				0.8		%				(1.2)		%
Audit and other tax adjustments						(1.2)		%				(22.9)		%				(5.3)		%
Excess tax benefits						0.6		%				7.5		%				—		%
Other(3)						(0.4)		%				2.1		%				—		%
Effective Income Tax Rate						(43.9)		%				(9.7)		%				15.1		%

 _______________

(1)    The “Foreign rate differential adjusted for U.S. taxation of foreign profits” includes the U.S. tax, net of foreign tax credits, associated with actual and deemed repatriations of earnings from our non-U.S. subsidiaries.

(2)    Impairment represents adjustments for the non-deductible component of goodwill in 2022 and impairment of an equity investment in 2021.

(3)    In 2022, the "Other" line includes immaterial reconciling items. In 2021, the "Other" line includes two reconciling items above 5% of the federal statutory rate. The impact to the effective rate is driven by the low pretax book income in 2021, and these items are otherwise immaterial.

Summary of Income Tax Contingencies

A reconciliation of the beginning and ending amount of unrecognized tax benefits was as follows:

(in millions)						2022						2021						2020
Balance at January 1						$	23					$	23					$	24
Additions related to prior years positions						1						3						3
Reductions related to prior years positions						(2)						(3)						—
Settlements with taxing authorities						(5)						—						(4)
Lapse of Statute of limitations						(5)						—						—
Balance at December 31						$	12					$	23					$	23

Schedule of Deferred Tax Assets and Liabilities

The tax effects of temporary differences that give rise to significant portions of the deferred taxes were as follows:

						December 31,
(in millions)						2022						2021
Deferred Tax Assets
Net operating losses and capital loss carryforward						$	99					$	84
Operating reserves, accruals and deferrals						46						49
Deferred compensation						6						5
Settlement reserves						12						18
Operating lease liabilities						54						63
Tax credits						6						42
Capitalized research and experimentation costs						13						—
Other						3						4
Subtotal						239						265
Valuation allowance						(102)						(82)
Total						$	137					$	183
Deferred Tax Liabilities
Intangibles and goodwill						$	44					$	79
Depreciation						90						85
Operating lease right-of-use assets						49						56
Other						17						18
Total						$	200					$	238
Total Deferred Tax Assets (Liabilities), Net						$	(63)					$	(55)

Schedule of Components of Income Tax Expense (Benefit)

Provision (benefit) for income taxes were as follows:

						Year Ended December 31,
(in millions)						2022						2021						2020
Federal Income Taxes
Current						$	30					$	6					$	(22)
Deferred						14						(23)						(17)
Foreign Income Taxes
Current						9						15						18
Deferred						(2)						2						(4)
State Income Taxes
Current						8						3						5
Deferred						(4)						—						(1)
Total Provision (Benefit)						$	55					$	3					$	(21)

Summary of Operating Loss Carryforwards

The following table presents the Company's worldwide net operating loss carryforwards (NOLs) as of December 31, 2022 and 2021:

						December 31, 2022												December 31, 2021
(in millions)						Gross						Tax Effected						Gross						Tax Effected
U.S Federal NOLs limited by Section 382 of the Tax Code						$	4					$	1					$	5					$	1
U.S. State NOLs						367						19						542						30
Foreign NOLs						304						76						199						50
Total						$	675					$	96					$	746					$	81

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