Income Taxes (Tables)

12 Months Ended

Dec. 31, 2021

Income Tax Disclosure [Abstract]

Schedule of Income before Income Tax, Domestic and Foreign

Income (loss) before income taxes were:

	Year Ended December 31,
(In millions)		2021		2020		2019
United States		$	637	$	(1,319)	$	43
Foreign		367		(146)		349
Total		$	1,004	$	(1,465)	$	392

Schedule of Components of Income Tax Expense (Benefit)

Income tax provisions (benefits) were:

	Year Ended December 31,
	2021						2020						2019
(In millions)	Current		Deferred		Total		Current		Deferred		Total		Current		Deferred		Total
Federal	$	—	$	—	$	—	$	(5)	$	—	$	(5)	$	(116)	$	(3)	$	(119)
State and local	4		1		5		(2)		(8)		(10)		4		3		7
Foreign	81		(28)		53		15		(14)		1		58		(34)		24
Total	$	85	$	(27)	$	58	$	8	$	(22)	$	(14)	$	(54)	$	(34)	$	(88)

Schedule of Effective Income Tax Rate Reconciliation

A reconciliation of the federal statutory income tax rate applied to income (loss) before income taxes to the provision (benefit) for income taxes follows:

	Year Ended December 31,
(In millions)	2021			2020			2019
Total pre-tax income (loss)	$	1,004		$	(1,465)		$	392
Total income tax provision (benefit)	$	58		$	(14)		$	(88)
Effective income tax rate	6		%	1		%	(22)		%
Income taxes at the statutory tax rate	$	211		$	(308)		$	83
Effects of foreign operations	(13)			23			(29)
Adjustments to valuation allowances	(166)			239			(28)
State income taxes, net of federal benefit	23			6			11
Tax law change	(2)			—			—
Other federal tax effects	5			26			(125)
Income tax provision (benefit)	$	58		$	(14)		$	(88)

Schedule of Deferred Tax Assets and Liabilities

Deferred tax assets and liabilities resulted from the following:

	Year Ended December 31,
(In millions)	2021		2020
Deferred tax assets:
Employee benefits	$	66	$	77
Operating loss carryforwards	1,541		1,966
Foreign tax credits	611		611
Other(a)	52		67
Subtotal	2,270		2,721
Valuation allowance	(780)		(948)
Total deferred tax assets	1,490		1,773
Deferred tax liabilities:
Property, plant and equipment(a)	1,544		1,879
Accrued revenue	—		20
Other(a)	82		37
Total deferred tax liabilities	1,626		1,936
Net deferred tax liabilities	$	136	$	163
Net deferred tax assets	$	—	$	—

(a)2020 balances were reclassified to conform to current period’s presentation. The total Net deferred tax liabilities balance was not impacted by the change in presentation.

Net Deferred Tax Assets Liabilities Table

Net deferred tax assets and liabilities were classified in the consolidated balance sheets as follows:

	December 31,
(In millions)	2021		2020
Assets:
Other noncurrent assets	$	—	$	—
Liabilities:
Noncurrent deferred tax liabilities	136		163
Net deferred tax liabilities	$	136	$	163
Net deferred tax assets	$	—	$	—

Income Tax Returns Remaining Subject To Examination Table

As of December 31, 2021, our income tax returns remain subject to examination in the following major tax jurisdictions for the tax years indicated:

United States(a)	2010 - 2020
Equatorial Guinea	2007 - 2020

(a)Includes federal and state jurisdictions.

Summary Of Activity In Unrecognized Tax Benefits Table

The following table summarizes the activity in unrecognized tax benefits:

(In millions)	2021		2020		2019
Beginning balance	$	8	$	13	$	263
Additions for tax positions of prior years	2		—		13
Reductions for tax positions of prior years	—		(5)		(152)
Settlements	—		—		(111)
Ending balance	$	10	$	8	$	13