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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 The sources of income (loss) from continuing operations before income taxes are:
(dollars in millions)202220212020
United States$4,061 $3,498 $(2,762)
Foreign1,966 1,433 409 
Income (loss) from continuing operations before income taxes$6,027 $4,931 $(2,353)
Schedule of Components of Income Tax Expense (Benefit) The income tax expense (benefit) for the years ended December 31 are as follows:
(dollars in millions)202220212020
Current:
United States:
Federal$1,724 $387 $324 
State126 60 45 
Foreign513 427 305 
2,363 874 674 
Future:
United States:
Federal(1,399)(26)(264)
State(166)41 258 
Foreign(98)(103)(93)
 (1,663)(88)(99)
Income tax expense$700 $786 $575 
Schedule of Effective Income Tax Rate Reconciliation Differences between effective income tax rates and the statutory U.S. federal income tax rate are as follows:
202220212020
(dollars in millions)AmountRateAmountRateAmountRate
Statutory U.S. federal income tax rate$1,266 21.0 %$1,036 21.0 %$(494)21.0 %
Tax on international activities(186)(3.1)(204)(4.1)27 (1.1)
Tax charges related to Separation Transactions and Raytheon merger— — (39)(0.8)416 (17.7)
Disposals of businesses— — 108 2.2 177 (7.5)
U.S. research and development credit(164)(2.7)(172)(3.5)(142)6.1 
Goodwill impairment— — — — 668 (28.4)
State income tax, net(12)(0.2)33 0.7 (56)2.4 
Foreign Derived Intangible Income(214)(3.5)(121)(2.5)(83)3.5 
U.K. corporate tax rate enactment— — 73 1.5 8 (0.4)
Other10 0.1 72 1.4 54 (2.3)
Effective income tax rate$700 11.6 %$786 15.9 %$575 (24.4)%
Schedule of Deferred Tax Assets and Liabilities The tax effects of temporary differences and tax carryforwards which gave rise to future income tax benefits and payables at December 31, 2022 and 2021 are as follows:
(dollars in millions)20222021
Future income tax benefits:
Insurance and employee benefits$1,126 $1,831 
Inventory and contract balances639 756 
Warranty provisions242 248 
Capitalization of research and experimental expenditures1,712 — 
Other basis differences828 878 
Tax loss carryforwards305 251 
Tax credit carryforwards970 1,088 
Valuation allowances(842)(825)
Total future income tax benefits$4,980 $4,227 
Future income taxes payable:
Goodwill and intangible assets$6,588 $7,168 
Fixed assets1,751 1,746 
Other basis differences220 323 
Total future income tax payable$8,559 $9,237 
Summary Of Tax Credit Carryforwards At December 31, 2022, tax credit carryforwards, principally state and foreign, and tax loss carryforwards, principally state and foreign, were as follows:
(dollars in millions)Tax Credit
Carryforwards		Tax Loss
Carryforwards
Expiration period:
2023-2027$54 $292 
2028-203273 174 
2033-2042337 318 
Indefinite506 1,357 
Total$970 $2,141 
Summary Of Income Tax Contingencies A reconciliation of the beginning and ending amounts of unrecognized tax benefits and interest expense related to unrecognized tax benefits for the years ended December 31, 2022, 2021 and 2020 is as follows: 
(dollars in millions)202220212020
Balance at January 1$1,458 $1,225 $1,347 
Additions for tax positions related to the current year106 110 125 
Additions for tax positions of prior years23 282 323 
Reductions for tax positions of prior years(56)(49)(83)
Settlements(16)(110)(48)
Separation of Carrier and Otis— — (439)
Balance at December 31$1,515 $1,458 $1,225 
Gross interest expense related to unrecognized tax benefits$34 $39 $50 
Total accrued interest balance at December 31190 165 141