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Income Tax (Tables)

12 Months Ended

Dec. 31, 2021

Income Tax Disclosure [Abstract]

Income (Loss) before Income Tax

Income (loss) before income tax is comprised of the following:

		Year ended December 31, 2021				Year ended December 31, 2020				Year ended December 31, 2019
Income (loss) recorded in the Netherlands			(20	)			(19	)			(9	)
Income (loss) from foreign operations			2,357				1,286				1,198
Income (loss) before income tax benefit (expense)			2,337				1,267				1,189

Income Tax Benefit (Expense)

Income tax benefit (expense) is comprised of the following:

		Year ended December 31, 2021				Year ended December 31, 2020				Year ended December 31, 2019
The Netherlands taxes - current			—				—				—
Foreign taxes - current			(285	)			(171	)			(131	)
Total current taxes			(285	)			(171	)			(131	)
The Netherlands taxes - deferred			—				—				—
Foreign taxes - deferred			(46	)			12				(25	)
Total deferred taxes			(46	)			12				(25	)
Income tax expense			(331	)			(159	)			(156	)
Effective tax rate			14	%			13	%			13	%

Differences in Income Taxes Computed at Netherlands Statutory Rate and Effective Income Tax Rate

The principal items comprising the differences in income taxes computed at the Netherlands statutory rate of 25.0% in 2021, 2020 and 2019, and the effective income tax rate are the following:

		Year ended December 31, 2021				Year ended December 31, 2020				Year ended December 31, 2019
Income tax benefit (expense) computed at    statutory rate			(584	)			(316	)			(297	)
Non-deductible and non-taxable permanent    differences, net			4				(1	)			4
Valuation allowance adjustments			(2	)			11				2
Effect on deferred taxes of changes in enacted    tax rates			6				(5	)			14
Current year credits			39				40				50
Other tax and credits			(22	)			(40	)			(51	)
Benefits from tax holidays			49				37				129
Net impact of changes to uncertain tax positions			(8	)			(1	)			(5	)
Earnings of subsidiaries taxed at different rates			187				116				(2	)
Income tax benefit (expense)			(331	)			(159	)			(156	)

Deferred Tax Assets and Liabilities

Deferred tax assets and liabilities consisted of the following:

		December 31, 2021				December 31, 2020
Tax loss carryforwards and investment credits			707				702
Less unrecognized tax benefit			(81	)			(19	)
Tax loss carryforwards net of unrecognized tax    benefit			626				683
Inventory valuation			28				34
Impairment and restructuring charges			4				3
Fixed asset depreciation in arrears			52				82
Increased depreciation incentives			128				182
Capitalized development costs			121				107
Receivables for government funding			64				40
Tax credits granted on past capital investments			213				215
Pension service costs			82				104
Stock awards			14				11
Operating lease liabilities			39				36
Commercial accruals			12				13
Other temporary differences			25				26
Total deferred tax assets			1,408				1,536
Valuation allowances			(576	)			(638	)
Deferred tax assets, net			832				898
Accelerated fixed asset depreciation			(32	)			(21	)
Acquired intangible assets			(22	)			(40	)
Advances of government funding			(115	)			(94	)
Operating lease right-of-use assets			(39	)			(36	)
Other temporary differences			(36	)			(43	)
Deferred tax liabilities			(244	)			(234	)
Net deferred income tax asset			588				664

Gross Deferred Tax Assets On Tax Loss Carryforwards And Investment Credits Expiration Table Text Block

As at December 31, 2021, the Company and its subsidiaries have gross deferred tax assets on tax loss carryforwards and investment credits that expire starting from 2022, as follows:

Year
2022			11
2023			11
2024			10
2025			11
2026			8
Thereafter			656
Total			707

Reconciliation of Beginning and Ending Amounts of Unrecognized Tax Benefits

A reconciliation of 2021, 2020 and 2019 beginning and ending amounts of unrecognized tax benefits is as follows:

		December 31, 2021				December 31, 2020				December 31, 2019
Balance at beginning of year			48				48				38
Additions based on tax positions related to the    current year			72				1				7
Additions based on acquisitions related to the    current year			—				—				5
Additions for tax positions of prior years			1				1				1
Reduction for tax positions of prior years			(1	)			(2	)			(1	)
Settlements			—				(1	)			(2	)
Foreign currency translation			(2	)			1				—
Balance at end of year			118				48				48

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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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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.

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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.

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Tabular disclosure of income before income tax between domestic and foreign jurisdictions.

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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.

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