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Income taxes - Deferred income tax assets and liabilities (Details) - USD ($)
$ in Millions
Dec. 31, 2023
Dec. 31, 2022
Assets:    
Noncurrent deferred and refundable income taxes $ 2,634 $ 2,047
Liabilities:    
Other liabilities 454 471
Deferred income taxes—net 2,180 1,576
Deferred income tax assets:    
Tax carryforwards 1,389 1,349
Research expenditures 1,350 949
Postemployment benefits 656 728
Employee compensation and benefits 634 459
Warranty reserves 325 282
Post sale discounts 253 159
Lease obligations 144 144
Inventory valuation 138 147
Allowance for credit losses 109 113
Other—net 197 376
Deferred income tax assets, total 5,195 4,706
Deferred income tax liabilities:    
Capital and intangible assets, including lease basis differences (1,312) (1,401)
Undistributed profits, including translation adjustments (401) (344)
Other outside basis differences (267) (264)
Bond discount (101) (107)
Deferred income tax liabilities, total (2,081) (2,116)
Valuation allowance for deferred tax assets (934) (1,014)
Deferred income taxes—net $ 2,180 $ 1,576