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INCOME TAXES - Schedule of Reconciliations Between Tax Expense and Consolidated Effective Income Tax Rate for Earnings Before Income Taxes and Other Items (Details) - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Earnings (loss) before income taxes      
United States $ 1,287 $ 1,020 $ 652
Foreign 1,045 427 878
Earnings before income taxes 2,332 1,447 1,530
Income tax (benefit) expense computed at United States statutory rate 490 304 321
U.S. government tax incentives (19) (17) (21)
Foreign government tax incentives (23) (20) (13)
Foreign tax rate differential 66 30 70
U.S. foreign tax credits (29) (25) (86)
Valuation allowances 1 15 (150)
State and local taxes, net of federal tax benefit 57 40 41
Foreign withholding taxes 19 8 54
U.S. tax on foreign dividends and subpart F income 9 34 67
Settlements and changes in unrecognized tax benefits 113 53 113
U.S. Transition Tax 0 0 26
Changes in enacted tax rates (14) (6) 42
Divestiture tax impact (35) 0 58
Legal entity restructuring tax impact (98) (82) (147)
Other items, net (19) 48 (27)
Total income tax expense $ 518 $ 382 $ 348