Income Taxes (Tables)

12 Months Ended

Dec. 31, 2021

Income Tax Disclosure [Abstract]

Components of Income (Loss) Before Income Taxes

The components of income before income taxes are as follows:

	Year Ended December 31,
	2021		2020		2019
Domestic	$	2,298	$	233	$	460
Foreign	379		98		110
	$	2,677	$	331	$	570

Schedule of The Provision For (Benefit From) Income Taxes

The Company's provision for (benefit from) income taxes consists of the following:

	Year Ended December 31,
	2021		2020		2019
Current
Federal	$	434	$	(208)	$	20
State	57		6		9
Foreign	93		14		25
Total current	584		(188)		54
Deferred
Federal	19		154		69
State	13		(13)		11
Foreign	(9)		5		(26)
Total deferred	23		146		54
Total provision for (benefit from) income taxes	$	607	$	(42)	$	108

Reconciliation of Taxes Computed at the Statutory Rate to Income Tax Expense

A reconciliation of taxes computed at the statutory rate to the Company's income tax expense is as follows:

	Year Ended December 31,
	2021		2020		2019
Provision for federal income tax, at statutory rate	$	563	$	70	$	120
State income tax provision, net of federal income tax effect	56		2		10
Foreign income tax rate differential	22		2		(6)
CARES Act net operating loss carryback tax benefit	—		(95)		—
Noncontrolling interests	(11)		(9)		(8)
Change in valuation allowance	(29)		3		(17)
Other, net	6		(15)		9
Total income tax expense (benefit)	$	607	$	(42)	$	108

Schedule of Deferred Tax Assets And Liabilities

The tax effects of the principal temporary differences between financial reporting and income tax reporting at December 31 are as follows:

	2021		2020
Net operating loss carryforward	$	96	$	105
Credit carryforward	23		25
Operating lease liabilities	136		113
Accruals	68		63
Pension	64		90
Inventories	22		13
Other	26		43
Deferred taxes assets—total	435		452
Property, plant and equipment	(1,134)		(1,080)
Intangibles	(288)		(137)
Operating lease right-of-use asset	(134)		(112)
Turnaround costs	(27)		(17)
Consolidated partnerships	(256)		(181)
Equity method investments	(223)		(227)
Other	(17)		(18)
Deferred tax liabilities—total	(2,079)		(1,772)
Valuation allowance	(4)		(33)
Total net deferred tax liabilities	$	(1,648)	$	(1,353)
Balance sheet classifications
Noncurrent deferred tax asset	$	33	$	15
Noncurrent deferred tax liability	(1,681)		(1,368)
Total net deferred tax liabilities	$	(1,648)	$	(1,353)