Note 18 - Income Taxes (Tables)

12 Months Ended

Dec. 31, 2020

Notes Tables

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

	2020			2019			2018
Current
U.S. federal and state	$	14		$	13		$	14
Non-U.S.		79			92			128
Total current		93			105			142
Deferred
U.S. federal and state		(23	)		(104	)		(47	)
Non-U.S.		(12	)		(33	)		(17	)
Total deferred		(35	)		(137	)		(64	)
Total expense (benefit)	$	58		$	(32	)	$	78

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

	2020			2019			2018
U.S. operations	$	(128	)	$	(166	)	$	26
Non-U.S. operations		115			337			468
Earnings before income taxes	$	(13	)	$	171		$	494

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

	2020						2019						2018
	$			%			$			%			$			%
U.S. federal income tax rate		(3	)		21			36			21			103			21
Adjustments resulting from:
State & local income taxes, net of federal benefit		6			(46	)		(1	)		(1	)		6			1
Non-US income / expense		(5	)		39			25			15			23			5
Credits & tax incentives		(55	)		423			(62	)		(37	)		(87	)		(18	)
US foreign derived intangible income		(24	)		185			(4	)		(2	)
US tax & withholding tax on non-US earnings		20			(154	)		21			12			14			3
Intercompany sale of certain operating assets		27			(207	)								5			1
Settlement and return adjustments		3			(23	)		(19	)		(11	)		29			6
Enacted change in tax rates		(2	)		15			3			2			6			1
Pension settlement								73			43
Mexican non-deductible cost of goods sold		17			(130	)
Goodwill impairment		8			(61	)
Miscellaneous items		6			(46	)		(2	)		(1	)		1			—
Valuation allowance adjustments		60			(462	)		(102	)		(60	)		(22	)		(4	)
Effective income tax rate		58			(446	)		(32	)		(19	)		78			16

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

	2020			2019
Net operating loss carryforwards	$	240		$	258
Postretirement benefits, including pensions		92			87
Research and development costs		149			124
Expense accruals		76			81
Other tax credits recoverable		234			244
Capital loss carryforwards		47			42
Inventory reserves		25			19
Postemployment and other benefits		5			6
Intangibles		17
Leasing activities		43			46
Total		928			907
Valuation allowances		(259	)		(190	)
Deferred tax assets		669			717
Unremitted earnings		(10	)		(4	)
Intangibles					(34	)
Depreciation		(87	)		(104	)
Other					(33	)
Deferred tax liabilities		(97	)		(175	)
Net deferred tax assets	$	572		$	542

Summary of Operating Loss Carryforwards [Table Text Block]

	Deferred						Earliest
	Tax		Valuation			Carryforward	Year of
	Asset		Allowance			Period	Expiration
Net operating losses
U.S. federal	$	40	$	—		20	2030
U.S. state		61		(33	)	Various	2021
Brazil		14		(5	)	Unlimited
France		8				Unlimited
Australia		26				Unlimited
Italy		31		(27	)	Unlimited
Germany		6		(6	)	Unlimited
Lithuania		1				Unlimited
South Africa		2				Unlimited
Spain		1				Unlimited
U.K.		7		(7	)	Unlimited
Canada		28		(25	)	20	2022
India		1				8	2028
China		14		(14	)	5	2021
Total	$	240	$	(117	)

Schedule of Unrecognized Tax Benefits Roll Forward [Table Text Block]

	2020			2019			2018
Balance, beginning of period	$	119		$	107		$	119
Decrease related to expiration of statute of limitations		(5	)		(10	)		(4	)
Decrease related to prior years tax positions		(1	)					(15	)
Increase related to prior years tax positions		3			13			8
Increase related to current year tax positions		9			9			10
Decrease related to settlements		(21	)					(11	)
Balance, end of period	$	104		$	119		$	107