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INCOME TAXES (Tables)
12 Months Ended
Dec. 31, 2022
Income Tax Disclosure [Abstract]  
Schedule of Income before Income Tax, Domestic and Foreign
For the years ended December 31, income (loss) from continuing operations before income taxes consisted of the following:
In millions202220212020
Income (loss) before income taxes
United States$(139)$(142)$(391)
Foreign350 426 332 
Total income (loss) from continuing operations before income taxes$211 $284 $(59)
Schedule of Components of Income Tax Expense (Benefit)
For the years ended December 31, income tax expense (benefit) consisted of the following:
In millions202220212020
Income tax expense (benefit)
Current
Federal$2 $$(9)
State7 — 
Foreign79 87 68 
Deferred
Federal13 93 (108)
State(1)(8)(6)
Foreign48 
Total income tax expense (benefit)$148 $186 $(53)
Schedule of Effective Income Tax Rate Reconciliation
The following table presents the principal components of the difference between the effective tax rate and the U.S. federal statutory income tax rate for the years ended December 31:
In millions202220212020
Income tax (benefit) expense at the U.S. federal tax rate of 21%$44 $60 $(12)
Foreign income tax differential(8)(14)
Additional U.S. tax on foreign income7 21 13 
State and local income taxes (net of federal effect)5 (4)
Other U.S. permanent book/tax differences2 
Meals and entertainment expense2 
Nondeductible transaction costs1 — 
Disallowed executive compensation12 15 10 
Gains/losses on internal entity restructuring 55 
Excess benefit/deficit from share-based payments1 (6)
Change in branch tax status — 
Research and development tax credits(6)(6)(7)
Foreign tax law changes (13)(4)
Valuation allowances94 21 (32)
Change in liability for unrecognized tax benefits(6)13 (12)
Change in tax estimates for prior periods(1)11 — 
Other, net1 — 
Total income tax (benefit) expense$148 $186 $(53)
Schedule of Deferred Tax Assets and Liabilities
Deferred income tax assets and liabilities included in the Consolidated Balance Sheets as of December 31 were as follows:
In millions20222021
Deferred income tax assets
Employee pensions and other benefits$139 $202 
Other balance sheet reserves and allowances257 233 
Tax loss and credit carryforwards616 656 
Capitalized research and development46 39 
Property, plant and equipment15 18 
Lease liabilities90 101 
Other36 27 
Total deferred income tax assets$1,199 $1,276 
Valuation allowance(448)(368)
Net deferred income tax assets$751 $908 
Deferred income tax liabilities
Intangibles$71 $73 
Right of use assets92 101 
Capitalized software27 58 
Total deferred income tax liabilities$190 $232 
Total net deferred income tax assets$561 $676 
Summary of Income Tax Contingencies
The aggregate changes in the balance of our gross unrecognized tax benefits were as follows for the years ended December 31:
In millions202220212020
Gross unrecognized tax benefits - January 1$121 $103 $121 
Increases related to tax positions from prior years3 25 15 
Decreases related to tax positions from prior years(15)(4)(6)
Increases related to tax provisions taken during the current year7 
Settlements with tax authorities(22)(2)(23)
Lapses of statutes of limitation(7)(8)(10)
Total gross unrecognized tax benefits - December 31$87 $121 $103