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Income Taxes (Policies)
9 Months Ended
Sep. 30, 2021
Income Tax Disclosure [Abstract]  
Income Tax, Policy [Policy Text Block]
For interim tax reporting, we estimate one single effective tax rate for tax jurisdictions not subject to a valuation allowance, which is applied to the year-to-date ordinary income/(loss). Tax effects of significant unusual or infrequently occurring items are excluded from the estimated annual effective tax rate calculation and recognized in the interim period in which they occur.

During the third quarter, we recorded a tax benefit of $295 million, resulting from the reduction of valuation allowances recorded on various deferred tax assets. We believe future realization of these assets is now more likely than not as a result of tax planning actions implemented during the quarter.