Income Taxes (Tables)

12 Months Ended

Dec. 31, 2020

Income Tax Disclosure [Abstract]

Provision or benefit for income taxes

The provision or benefit for income taxes is comprised of the following:

	2020		2019		2018
Current:
U.S.	$	(59)	$	(12)	$	63
Foreign	458		443		444
Total current	399		431		507
Deferred:
U.S.	11		(12)		(211)
Foreign	149		63		(38)
Total deferred	160		51		(249)
Provision for income taxes	$	559	$	482	$	258

Geographic sources of income before income taxes

The geographic sources of income (loss) before income taxes, inclusive of equity in loss of affiliate, are as follows:

	2020		2019		2018
U.S.	$	(14,288)	$	(693)	$	(672)
Foreign	(914)		1,446		1,213
Income (loss) before income taxes, inclusive of equity in loss of affiliate	$	(15,202)	$	753	$	541

Difference between provision and U.S. statutory tax rate

The provision for income taxes differs from the amount computed by applying the U.S. statutory income tax rate to the loss or income before income taxes for the reasons set forth below for the years ended December 31:

	2020		2019		2018
Income (loss) before income taxes, inclusive of equity in loss of affiliate	$	(15,202)	$	753	$	541
Taxes at the U.S. federal statutory income tax rate	(3,192)		158		114
Impact of goodwill impairment	3,102		—		—
Effect of foreign operations	183		85		103
Tax impact of partnership structure	(33)		17		80
Change in valuation allowances	494		241		87
CARES Act	(117)		—		—
Tax Cuts and Jobs Act enactment	—		—		(107)
Other - net	122		(19)		(19)
Provision for income taxes	$	559	$	482	$	258
Actual income tax rate	(3.7)%		64.0%		47.7%

Deferred tax assets and liabilities

The tax effects of our temporary differences and carryforwards are as follows at December 31:

	2020		2019
Deferred tax assets:
Operating loss carryforwards	$	2,249	$	1,654
Tax credit carryforwards	1,083		941
Investment in partnership	160		381
Goodwill and other intangibles	143		117
Employee benefits	138		98
Property	127		137
Receivables	53		79
Inventory	51		91
Other	264		317
Total deferred income tax asset	4,268		3,815
Valuation allowances	(3,472)		(2,883)
Total deferred income tax asset after valuation allowance	796		932
Deferred tax liabilities:
Other	(29)		(29)
Total deferred income tax liability	(29)		(29)
Net deferred tax asset	$	767	$	903

Rollforward of unrecognized tax benefits and associated interest and penalties

The following table presents the changes in our gross unrecognized tax benefits included in the consolidated statements of financial position.

Asset / (Liability)	2020		2019
Balance at beginning of year	$	(451)	$	(472)
Additions for tax positions of the current year	(71)		(25)
Additions for tax positions of prior years	(31)		(27)
Reductions for tax positions of prior years	35		55
Settlements with tax authorities	12		6
Lapse of statute of limitations	23		12
Balance at end of year	$	(483)	$	(451)