INCOME TAXES (Tables)

12 Months Ended

Dec. 31, 2023

Income Tax Disclosure [Abstract]

Provision for Income Taxes

Components of the Company’s income tax provision are as follows:

	Year Ended December 31,
	2023		2022		2021
Current:
Federal	$	76	$	106	$	404
State and Local	67		17		106
Non-U.S.	222		215		249
Total current	365		338		759
Deferred:
Federal	(14)		57		(172)
State and Local	(4)		10		(45)
Non-U.S.	(20)		(19)		(1)
Total deferred	(38)		48		(218)
Total provision for income taxes	$	327	$	386	$	541

Reconciliation of United States Federal Statutory Tax Rate to Effective Tax Rate on Income before Provision for Income Taxes

A reconciliation of the U.S. federal statutory tax rate to the Company’s ETR on income before provision for income taxes is as follows:

	Year Ended December 31,
	2023			2022			2021
U.S. statutory tax rate	21.0		%	21.0		%	21.0		%
State and local taxes, net of federal tax benefit	2.5		%	0.8		%	1.5		%
Foreign operations	0.4		%	(0.2)		%	(1.5)		%
Release of UTP reserves	(5.7)		%	—		%	—		%
Other	(1.3)		%	0.3		%	(1.4)		%
ETR	16.9		%	21.9		%	19.6		%
Income tax paid	$	344		$	488		$	932

Source of Income before Provision for Income Taxes

The source of income before provision for income taxes is as follows:

	Year Ended December 31,
	2023		2022		2021
U.S.	$	892	$	804	$	1,563
Non-U.S.	1,043		956		1,192
Income before provision for income taxes	$	1,935	$	1,760	$	2,755

Components of Deferred Tax Assets and Liabilities

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

	December 31,
	2023		2022
Deferred tax assets:
Account receivable allowances	$	9	$	9
Accumulated depreciation and amortization	19		15
Stock-based compensation	60		57
Accrued compensation and benefits	53		51
Capitalized costs	25		27
Operating lease liabilities	103		115
Deferred revenue	200		206
Net operating loss	38		36
Restructuring	7		11
Uncertain tax positions	29		68
Self-insured related reserves	6		12
Other	13		14
Total deferred tax assets	562		621
Deferred tax liabilities:
Accumulated depreciation and amortization of intangible assets and capitalized software	(551)		(593)
ROU Assets	(67)		(82)
Capital gains	(20)		(29)
Self-insured related income	(6)		(12)
Revenue Accounting Standard - ASC Topic 606	(4)		(5)
Deferred tax on unremitted foreign earnings	(14)		(13)
Gain on net investment hedges - OCI	(5)		(48)
Other	(15)		(9)
Total deferred tax liabilities	(682)		(791)
Net deferred tax liabilities	(120)		(170)
Valuation allowance	(24)		(21)
Total net deferred tax liabilities	$	(144)	$	(191)

Reconciliation of Uncertain Tax Positions

A reconciliation of the beginning and ending amount of UTPs is as follows:

	Year Ended December 31,
	2023		2022		2021
Balance as of January 1	$	322	$	388	$	483
Additions for tax positions related to the current year	21		12		102
Additions for tax positions of prior years	3		12		18
Reductions for tax positions of prior years	(17)		(27)		—
Settlements with taxing authorities	(108)		(30)		(134)
Lapse of statute of limitations	(25)		(33)		(81)
Balance as of December 31	$	196	$	322	$	388