Income Taxes (Tables)

12 Months Ended

Dec. 31, 2022

Income Tax Disclosure [Abstract]

Schedule of Provision or Benefit for Income Taxes

The provision for income taxes is comprised of the following:

	2022		2021		2020
Current:
U.S.	$	6	$	11	$	(59)
Foreign	489		614		458
Total current	495		625		399
Deferred:
U.S.	40		(24)		11
Foreign	65		157		149
Total deferred	105		133		160
Provision for income taxes	$	600	$	758	$	559

Schedule of Geographic Sources of Income (Loss) Before Income Taxes

The geographic sources of income (loss) before income taxes are as follows:

	2022		2021		2020
U.S.	$	(698)	$	(724)	$	(14,288)
Foreign	720		1,152		(914)
Income (loss) before income taxes	$	22	$	428	$	(15,202)

Schedule of 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:

	2022			2021			2020
Income (loss) before income taxes	$	22		$	428		$	(15,202)
Taxes at the U.S. federal statutory income tax rate	5			90			(3,192)
Impact of goodwill impairment	—			—			3,102
Effect of foreign operations (1)	338			216			148
Tax expense (benefit) due to unrecognized tax benefits	(7)			201			35
Tax impact of partnership structure	6			137			(33)
Change in valuation allowances	164			70			494
CARES Act	—			—			(117)
Other - net	94			44			122
Provision for income taxes (2)	$	600		$	758		$	559
Actual income tax rate	2,727.3		%	177.1		%	(3.7)		%

(1)For December 31, 2022, $140 million of this amount relates to the charges associated with the sale and suspension of our Russia operations.

(2)For December 31, 2021, $121 million of this amount was previously indemnified under the Tax Matters Agreement with GE of which $119 million was included in tax expense due to unrecognized tax benefits. In December 2022, the Company and GE entered into an agreement to terminate the Tax Matters Agreement. See below for further information.

Schedule of Deferred Tax Assets and Liabilities

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

	2022		2021
Deferred tax assets:
Operating & capital loss carryforwards	$	2,074	$	2,297
Tax credit & other carryforwards	1,087		1,183
Investment in partnership	846		457
Property	128		156
Employee benefits	62		116
Goodwill and other intangibles	46		97
Receivables	94		72
Inventory	52		61
Other	163		111
Total deferred income tax asset	4,552		4,550
Valuation allowances	(4,090)		(3,928)
Total deferred income tax asset after valuation allowance	462		622
Deferred tax liabilities:
Other	(34)		(14)
Total deferred income tax liability	(34)		(14)
Net deferred tax asset	$	428	$	608

Schedule of Changes in Gross Unrecognized Tax Benefits

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

Asset / (Liability)	2022		2021
Balance at beginning of year	$	(531)	$	(483)
Additions for tax positions of the current year	(19)		(32)
Additions for tax positions of prior years	(99)		(166)
Reductions for tax positions of prior years	100		42
Settlements with tax authorities	24		95
Lapse of statute of limitations	29		13
Balance at end of year	$	(496)	$	(531)