Income Taxes (Tables)

12 Months Ended

Dec. 31, 2022

Income Tax Disclosure [Abstract]

Income (Loss) from Continuing Operations Before Income Taxes

Income (loss) from continuing operations before income taxes by geographic area is summarized in the table below.

	Years Ended December 31,
	2022		2021		2020
Domestic	$	1,661	$	1,144	$	1,046
Foreign(a)	30		35		30
Total	$	1,691	$	1,179	$	1,076

(a)Inclusive of income (loss) from continuing operations before income taxes from Puerto Rico.

Benefit (Provision) for Income Taxes

The benefit (provision) for income taxes consists of the following: 

	Years Ended December 31,
	2022		2021		2020
Current:
Federal	$	(6)	$	(5)	$	(6)
Foreign	(9)		(8)		(6)
State	2		(4)		(5)
Total current	(13)		(17)		(17)
Deferred:
Foreign	(3)		(4)		(3)
Total deferred	(3)		(4)		(3)
Total tax benefit (provision)	$	(16)	$	(21)	$	(20)

Effective Tax Rate

A reconciliation between the benefit (provision) for income taxes and the amount computed by applying the federal statutory income tax rate to the income (loss) from continuing operations before income taxes is as follows:

	Years Ended December 31,
	2022		2021		2020
Benefit (provision) for income taxes at statutory rate	$	(355)	$	(248)	$	(225)
Tax adjustment related to REIT operations	349		243		219
Valuation allowances	(1)		—		—
State tax (provision) benefit, net of federal	2		(4)		(5)
Foreign tax	(11)		(12)		(9)
Total	$	(16)	$	(21)	$	(20)

Components of Deferred Tax Assets and Liabilities

The components of the net deferred income tax assets and liabilities are as follows: 

	December 31,
	2022		2021
Deferred income tax liabilities:
Property and equipment	$	8	$	7
Deferred site rental receivables	9		8
Total deferred income tax liabilities	17		15
Deferred income tax assets:
Intangible assets	1		1
Net operating loss carryforwards(a)	12		13
Straight-line rent expense liability	4		4
Accrued liabilities	6		6
Other	4		2
Valuation allowances	(2)		—
Total deferred income tax assets, net	25		26
Net deferred income tax assets (liabilities)	$	8	$	11

(a)Balance results from the Company's foreign NOLs. Due to the Company's REIT status, no federal or state NOLs result in the Company recording a deferred income tax asset. See further discussion surrounding the Company's NOL balances below.

Jurisdictional Components of Deferred Tax Assets and Liabilities

The components of the net deferred income tax assets (liabilities) are as follows:

	December 31, 2022						December 31, 2021
Classification	Gross		Valuation Allowance		Net		Gross		Valuation Allowance		Net
Federal	$	26	$	(1)	$	25	$	25	$	—	$	25
State	1		—		1		1		—		1
Foreign	(17)		(1)		(18)		(15)		—		(15)
Total	$	10	$	(2)	$	8	$	11	$	—	$	11