XML 70 R61.htm IDEA: XBRL DOCUMENT v3.23.1
Note 14 - Reportable Segments - Reconciliation of Reportable Segment Net Income (Loss) to Consolidated Net Income (Details) - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Net income of reportable segments $ 176 $ 581
(Loss) gain on foreign currency hedges related to translated earnings (8) 129
Research, development, and engineering expenses (254) (248)
Amortization of intangibles (31) (31)
Interest expense, net (76) (71)
Provision for income taxes (Note 3) (37) (180)
Gain on sale of business 53
Operating Segments [Member]    
Net income of reportable segments 465 585
Research, development, and engineering expenses [1] (209) (213)
Provision for income taxes (Note 3) [2] 128 160
Operating Segments [Member] | Reportable Segments [Member]    
Net income of reportable segments 449 593
Operating Segments [Member] | Nonreportable Segments [Member]    
Net income of reportable segments 16 (8)
Segment Reconciling Items [Member]    
Net income of reportable segments 176 581
Impact of constant currency reporting (149) (63)
(Loss) gain on foreign currency hedges related to translated earnings (8) 129
Translation gain on Japanese yen-denominated debt 18 84
Research, development, and engineering expenses [3] (45) (35)
Amortization of intangibles (31) (31)
Interest expense, net (56) (61)
Provision for income taxes (Note 3) 91 (20)
Restructuring, impairment and other charges and credits [4] (66) (33)
Gain on sale of business 53
Other corporate items $ (43) $ (27)
[1] Research, development and engineering expenses include direct project spending that is identifiable to a segment.
[2] Income tax (provision) benefit reflects a tax rate of 21%.
[3] Amount does not include research, development, and engineering expense related to restructuring, impairment and other charges and credits.
[4] Refer to Note 2 (Restructuring, Impairment and Other Charges and Credits) to the consolidated financial statements for additional information on activities.