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Income Taxes (Tables)
12 Months Ended
Dec. 31, 2023
Income Tax Disclosure [Abstract]  
Schedule of Income before Income Tax, Domestic and Foreign
Loss before income taxes (pre-tax income (loss)) was as follows:
Year Ended December 31,
(in millions)202320222021
Domestic loss$(349)$(149)$(68)
Foreign income17 22 43 
Loss Before Income Taxes$(332)$(127)$(25)
Schedule of Components of Income Tax Expense (Benefit)
Provision (benefit) for income taxes were as follows:
Year Ended December 31,
(in millions)202320222021
Federal Income Taxes
Current$$30 $
Deferred(41)14 (23)
Foreign Income Taxes
Current12 15 
Deferred(2)(2)
State Income Taxes
Current— 
Deferred(11)(4)— 
Total Provision (Benefit)$(36)$55 $
Schedule of Effective Income Tax Rate Reconciliation
A reconciliation of the U.S. federal statutory income tax rate to the consolidated effective income tax rate was as follows:
Year Ended December 31,
 202320222021
U.S. federal statutory income tax rate21.0 %21.0 %21.0 %
Nondeductible expenses
(1.2)%(3.5)%(15.5)%
Change in valuation allowance for deferred tax assets0.8 %(8.0)%(20.4)%
State taxes, net of federal benefit3.1 %(2.4)%(8.6)%
Tax-exempt income, credits and incentives0.8 %3.0 %38.4 %
Foreign rate differential adjusted for U.S. taxation of foreign profits(1)
(0.4)%(1.9)%(11.1)%
Divestitures
— %(17.9)%2.1 %
Impairments(2)
(12.2)%(39.8)%(3.1)%
Unrecognized tax benefits0.4 %6.6 %0.8 %
Audit and other tax adjustments(1.4)%(1.2)%(22.9)%
Excess tax benefits— %0.6 %7.5 %
Other(3)
(0.2)%(0.4)%2.1 %
Effective Income Tax Rate10.7 %(43.9)%(9.7)%
 _______________
(1)    The “Foreign rate differential adjusted for U.S. taxation of foreign profits” includes the U.S. tax, net of foreign tax credits, associated with actual and deemed repatriations of earnings from our non-U.S. subsidiaries.
(2)    Impairment represents adjustments for the non-deductible component of goodwill in 2023 and 2022 and impairment of an equity investment in 2021.
(3)    In 2023 and 2022, the "Other" line includes immaterial reconciling items. In 2021, the "Other" line includes two reconciling items above 5% of the federal statutory rate. The impact to the effective rate is driven by the low pretax book income in 2021, and these items are otherwise immaterial.
Summary of Income Tax Contingencies
A reconciliation of the beginning and ending amount of unrecognized tax benefits was as follows:
(in millions)202320222021
Balance at January 1$12 $23 $23 
Additions related to prior years positions— 
Reductions related to prior years positions(1)(2)(3)
Settlements with taxing authorities
(1)(5)— 
Lapse of Statute of limitations— (5)— 
Balance at December 31$10 $12 $23 
Schedule of Deferred Tax Assets and Liabilities
The tax effects of temporary differences that give rise to significant portions of the deferred taxes were as follows:
December 31,
(in millions)20232022
Deferred Tax Assets  
Net operating losses and capital loss carryforward$100 $99 
Operating reserves, accruals and deferrals49 46 
Deferred compensation
Interest expense capitalization18 — 
Settlement reserves12 
Operating lease liabilities48 54 
Tax credits
Capitalized research and experimentation costs21 13 
Other
Subtotal253 239 
Valuation allowance(100)(102)
Total$153 $137 
Deferred Tax Liabilities
Intangibles and goodwill$29 $44 
Depreciation72 90 
Operating lease right-of-use assets43 49 
Other18 17 
Total$162 $200 
Total Deferred Tax Assets (Liabilities), Net$(9)$(63)
Summary of Operating Loss Carryforwards
The following table presents the Company's worldwide net operating loss carryforwards ("NOLs") as of December 31, 2023 and 2022:
December 31, 2023December 31, 2022
(in millions)GrossTax EffectedGrossTax Effected
U.S Federal NOLs limited by Section 382 of the Tax Code$$$$
U.S. State NOLs367 18 367 19 
Foreign NOLs308 79 304 76 
Total$678 $98 $675 $96