Note 7 - Income Taxes (Tables)

12 Months Ended

Dec. 31, 2022

Notes Tables

Schedule of Income before Income Tax, Domestic and Foreign [Table Text Block]

	Year ended December 31,
	2022		2021		2020
U.S. companies	$	1,157	$	1,282	$	(62	)
Non-U.S. companies		640		1,144		696
Income before income taxes	$	1,797	$	2,426	$	634

Schedule of Components of Income Tax Expense (Benefit) [Table Text Block]

	Year ended December 31,
	2022			2021			2020
Current:
Federal	$	(191	)	$	(172	)	$	88
State and municipal		(16	)		(13	)		(16	)
Foreign		(250	)		(290	)		(203	)
Deferred:
Federal		52			(97	)		7
State and municipal		8			(7	)		3
Foreign		(14	)		88			10
Provision for income taxes	$	(411	)	$	(491	)	$	(111	)

Schedule of Effective Income Tax Rate Reconciliation [Table Text Block]

	Year ended December 31,
	2022			2021			2020
Statutory U.S. federal income tax rate		21.0	%		21.0	%		21.0	%
State income tax, net of federal effect		0.7			1.0			1.4
Audit settlements & change in reserve		3.7			1.6			12.1
Differential arising from foreign earnings (1)		2.2			2.0			14.9
Valuation allowance		2.1			(0.5	)		2.5
Intercompany loan adjustment		0.6						6.1
Tax credits		(3.3	)		(2.6	)		(29.2	)
Foreign derived intangible income		(2.7	)		(1.3	)
Stock compensation		(0.8	)		(1.5	)		(1.7	)
Remeasurement of deferred tax assets and liabilities		(0.1	)					(13.2	)
Legal entity rationalization								(2.2	)
Non-deductible expenses					1.4			6.9
Global intangible low-taxed income					0.2			(0.5	)
Other items, net		(0.5	)		(1.1	)		(0.6	)
Effective tax rate		22.9	%		20.2	%		17.5	%

Schedule of Deferred Tax Assets and Liabilities [Table Text Block]

	December 31,
	2022			2021
Loss and tax credit carryforwards	$	281		$	375
Other assets		232			200
Research and development capitalization		280			81
Asset impairments and restructuring reserves		41			30
Postretirement medical and life benefits		102			154
Other accrued liabilities		311			354
Other employee benefits		346			329
Gross deferred tax assets		1,593			1,523
Valuation allowances		(166	)		(138	)
Total deferred tax assets		1,427			1,385
Intangible and other assets		(108	)		(103	)
Fixed assets		(289	)		(300	)
Finance leases		(200	)		(174	)
Total deferred tax liabilities		(597	)		(577	)
Net deferred tax assets	$	830		$	808

Schedule of Net Deferred Tax Assets [Table Text Block]

	December 31,
	2022			2021
Deferred tax assets	$	1,073		$	1,066
Other liabilities		(243	)		(258	)
Net deferred tax assets	$	830		$	808

Summary of Tax Credit Carryforwards [Table Text Block]

			Expiration
	Total			2023-2027		2028-2032		2033-2042	Indefinite
Net operating losses	$	278	$	94	$	27	$	24	$	133
Tax credits		3				3
Balance as of December 31, 2022	$	281	$	94	$	30	$	24	$	133

Summary of Valuation Allowance [Table Text Block]

	2022			2021			2020
Balance as of January 1	$	138		$	167		$	215
Additions		81			13			27
Reductions		(53	)		(42	)		(75	)
Balance as of December 31	$	166		$	138		$	167

Summary of Income Tax Contingencies [Table Text Block]

	2022			2021			2020
Balance as of January 1	$	178		$	131		$	62
Additions based on tax positions related to the current year		10			54			19
Additions for tax positions of prior years		24			17			53
Reductions for tax positions of prior years		(5	)		(21	)
Settlements and lapse of statute of limitations		(1	)		(3	)		(3	)
Balance as of December 31	$	206		$	178		$	131