Note 18 - Income Taxes (Tables)

12 Months Ended

Dec. 31, 2021

Notes Tables

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

	2021			2020			2019
Current
U.S. federal and state	$	(31	)	$	14		$	13
Non-U.S.		104			79			92
Total current		73			93			105
Deferred
U.S. federal and state		54			(23	)		(104	)
Non-U.S.		(55	)		(12	)		(33	)
Total deferred		(1	)		(35	)		(137	)
Total expense (benefit)	$	72		$	58		$	(32	)

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

	2021			2020			2019
U.S. operations	$	(170	)	$	(128	)	$	(166	)
Non-U.S. operations		414			115			337
Earnings before income taxes	$	244		$	(13	)	$	171

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

	2021						2020						2019
	$			%			$			%			$			%
U.S. federal income tax rate		51			21			(3	)		21			36			21
Adjustments resulting from:
State & local income taxes, net of federal benefit								6			(46	)		(1	)		(1	)
Non-US income / expense		15			6			(5	)		39			25			15
Credits & tax incentives		1						(55	)		423			(62	)		(37	)
US foreign derived intangible income		(1	)					(24	)		185			(4	)		(2	)
US tax & withholding tax on non-US earnings		14			6			20			(154	)		21			12
Intercompany sale of certain operating assets		(1	)					27			(207	)
Settlement and return adjustments		5			2			3			(23	)		(19	)		(11	)
Enacted change in tax rates		(5	)		(2	)		(2	)		15			3			2
Pension settlement														73			43
Mexican non-deductible cost of goods sold								17			(130	)
Goodwill impairment								8			(61	)
Miscellaneous items		(7	)		(3	)		6			(46	)		(2	)		(1	)
Valuation allowance adjustments								60			(462	)		(102	)		(60	)
Effective income tax rate		72			30			58			(446	)		(32	)		(19	)

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

	2021			2020
Net operating loss carryforwards	$	187		$	220
Postretirement benefits, including pensions		71			92
Research and development costs		169			149
Expense accruals		77			76
Other tax credits recoverable		218			219
Capital loss carryforwards		56			47
Inventory reserves		25			25
Postemployment and other benefits		4			5
Intangibles		1			17
Leasing activities		55			43
Other		26			35
Total		889			928
Valuation allowances		(258	)		(259	)
Deferred tax assets		631			669
Unremitted earnings		(10	)		(10	)
Depreciation		(74	)		(87	)
Deferred tax liabilities		(84	)		(97	)
Net deferred tax assets	$	547		$	572

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	$	14	$	—		20	2031
U.S. state		52		(41	)	Various	2022
Brazil		10		(4	)	Unlimited
France		7				Unlimited
Australia		23				Unlimited
Italy		25		(24	)	Unlimited
Germany		5		(5	)	Unlimited
South Africa		2		(2	)	Unlimited
U.K.		13		(7	)	Unlimited
Canada		30		(27	)	20	2026
India		1				8	2028
China		5		(5	)	5	2022
Total	$	187	$	(115	)

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

	2021			2020			2019
Balance, beginning of period	$	104		$	119		$	107
Decrease related to expiration of statute of limitations		(5	)		(5	)		(10	)
Decrease related to prior years tax positions		(2	)		(1	)
Increase related to prior years tax positions		16			3			13
Increase related to current year tax positions		13			9			9
Decrease related to settlements					(21	)
Balance, end of period	$	126		$	104		$	119