Income Taxes (Tables)

12 Months Ended

Dec. 31, 2022

Schedule of components of the provision from continuing operations

Details of the Company's income tax provision from continuing operations are provided in the table below:


	Year Ended December 31,
(In millions)	2022		2021		2020
Income (Loss) Before Income Taxes: (a)
U.S	$	50	$	(26)	$	(65)
Non-U.S	126		101		39
Total income (loss) before income taxes	$	176	$	75	$	(26)
Current Tax Provision:

Non-U.S	$	45	31		$	21
U.S. state and local	1		—		—
Total current tax provision	46		31		21
Deferred Tax Provision (Benefit):

Non-U.S	(1)		—		7

Total deferred tax provision (benefit)	(1)		—		7
Provision for income taxes	$	45	$	31	$	28

(a) Income (loss) before income taxes excludes equity in net income from non-consolidated affiliates.

Schedule of effective income tax rate reconciliation

A summary of the differences between the provision for income taxes calculated at the U.S. statutory tax rate of 21% and the consolidated income tax provision from continuing operations is shown below:


	Year Ended December 31,
(In millions)	2022		2021		2020
Tax provision (benefit) at U.S. statutory rate of 21%	$	37	$	16	$	(5)
Impact of foreign operations	63		18		(15)
Non-U.S withholding taxes	9		8		5
Tax holidays in foreign operations	(5)		(5)		(4)
State and local income taxes	(2)		—		—
Tax reserve adjustments	3		2		1
Change in valuation allowance	(61)		(10)		46
Impact of tax law change	—		1		—
Research credits	(1)		(1)		(1)
Other	2		2		1
Provision for income taxes	$	45	$	31	$	28

Schedule of deferred tax assets and liabilities

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


	December 31,
(In millions)	2022		2021
Deferred Tax Assets:
Net operating losses and credit carryforwards	$	1,030	$	1,163
Employee benefit plans	28		46
Lease liability	42		47
Fixed assets and intangibles	19		17
Warranty	10		11
Inventory	13		9
Restructuring	5		6
Capitalized expenditures	58		5
Deferred income	11		13
Other	49		55
Gross deferred tax assets	1,265		1,372
Valuation allowance	(1,120)		(1,207)
Total deferred tax assets	$	145	$	165
Deferred Tax Liabilities:
Outside basis investment differences, including withholding tax	$	61	$	63
Right-of-use assets	41		46
Fixed assets and intangibles	11		14
All other	17		22
Total deferred tax liabilities	130		145
Net deferred tax assets	$	15	$	20
Consolidated Balance Sheet Classification:
Other non-current assets	$	42	$	47



Deferred tax liabilities non-current	27		27

Net deferred tax assets	$	15	$	20

Summary of unrecognized tax benefits

A reconciliation of the beginning and ending amount of unrecognized tax benefits including amounts attributable to discontinued operations is as follows:


	Year Ended December 31,
(In millions)	2022		2021
Beginning balance	$	16	$	14
Tax positions related to current period
Additions	3		3
Tax positions related to prior periods
Additions	—		—
Reductions	(1)		(1)
Ending balance	$	18	$	16