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(Schedule of Deferred Tax Assets and Liabilities) (Details) - USD ($)
$ in Millions
Dec. 31, 2020
Dec. 31, 2019
Income Tax Disclosure [Abstract]    
Postretirement benefit accruals $ 91 $ 90
Pension obligations 288 421
Tax credits 296 290
Net operating and capital loss carryforwards 590 621
Compensation reserves 179 181
Lease obligations 114 106
Environmental reserves 117 93
Other 218 126
Gross deferred income tax assets 1,893 1,928
Less: valuation allowance (a) [1] (685) (691)
Net deferred income tax asset 1,208 1,237
Intangibles (159) (152)
Investments (251) (265)
Right of use assets (114) (106)
Plants, properties and equipment (1,958) (1,866)
Forestlands, related installment sales, and investment in subsidiary (1,400) (1,407)
Gross deferred income tax liabilities (3,882) (3,796)
Net deferred income tax liability $ (2,674) $ (2,559)
[1] The net change in the total valuation allowance for the years ended December 31, 2020 and 2019 was a decrease of $(6) million and an increase of $250 million, respectively. The net change in the prior year is primarily due to tax law changes in foreign jurisdictions impacting future utilization of deferred tax assets of $203 million.