XML 47 R33.htm IDEA: XBRL DOCUMENT v3.22.0.1
Income Taxes (Tables)
 12 Months Ended
Dec. 31, 2021
Income Tax Disclosure [Abstract]  
Schedule of Components of Income Tax Expense (Benefit) [Table Text Block]
202120202019
Current:
Federal
$68,555 $5,085 $3,887 
State
18,418 7,114 (69)
International
214,184 130,883 134,808 
$301,157 $143,082 $138,626 
Deferred:
Federal
$(347)$13,496 $(54,356)
State
(388)4,603 (2,710)
International
25,484 11,614 6,778 
24,749 29,713 (50,288)
$325,906 $172,795 $88,338 
Schedule of Effective Income Tax Rate Reconciliation [Table Text Block]
The principal causes of the difference between the U.S. federal statutory tax rate of 21% and effective income tax rates for the years ended December 31 are as follows:
202120202019
United States$339,499 $104,637 $(557,592)
International1,096,875 654,622 445,762 
Income (loss) before income taxes$1,436,374 $759,259 $(111,830)
Provision (benefit) at statutory tax rate$301,638 $159,444 $(23,484)
State taxes (benefit), net of federal benefit14,162 10,218 (2,051)
International effective tax rate differential(5,402)3,112 17,474 
U.S. tax on foreign earnings10,289 5,316 26,013 
Tax expense (benefit) on wind down of business (a)— 1,937 (11,311)
Change in valuation allowance(1,723)2,906 1,305 
Other non-deductible expenses9,058 2,600 1,585 
Changes in tax accruals9,937 3,089 10,418 
Tax credits(17,555)(16,075)(3,034)
Non-deductible portion of impairment of goodwill— — 75,900 
Other5,502 248 (4,477)
Provision for income taxes$325,906 $172,795 $88,338 
(a)The wind down of the company’s personal computer and mobility asset disposition business resulted in net tax expense (benefit) of $1,937 and $(11,311) during 2020 and 2019, respectively.
Reconciliation of Unrecognized Tax Benefits [Table Text Block] A reconciliation of the beginning and ending amount of unrecognized tax benefits for the years ended December 31 is as follows:
202120202019
Balance at beginning of year$62,203 $52,986 $35,879 
Additions based on tax positions taken during a prior period2,528 8,574 13,018 
Reductions based on tax positions taken during a prior period(1,542)(1,749)(86)
Additions based on tax positions taken during the current period9,326 5,174 8,926 
Reductions based on tax positions taken during the current period(370)(831)(259)
Reductions related to settlement of tax matters(692)(538)— 
Reductions related to a lapse of applicable statute of limitations(31)(1,413)(4,492)
Balance at end of year$71,422 $62,203 $52,986 
Summary of Open Tax Years by Major Jurisdiction [Table Text Block]
In many cases the company's uncertain tax positions are related to tax years that remain subject to examination by tax authorities. The following describes the open tax years, by major tax jurisdiction, as of December 31, 2021:
United States - Federal
2016 - present
United States - States
2015 - present
Germany (a)
2013 - present
China and Hong Kong
2014 - present
Italy (a)
2013 - present
Netherlands
2016 - present
Sweden
2015 - present
Taiwan
2016 - present
United Kingdom
2017 - present
(a) Includes federal as well as local jurisdictions.
Schedule of Deferred Tax Assets and Liabilities [Table Text Block] The deferred tax assets and liabilities consist of the following at December 31:
20212020
Deferred tax assets:
  Net operating loss carryforwards$50,015 $90,179 
  Capital loss carryforwards57,102 56,854 
  Inventory adjustments55,755 58,088 
  Allowance for doubtful accounts21,382 20,134 
  Accrued expenses43,995 34,196 
  Interest carryforward11,160 13,265 
  Stock-based compensation awards6,981 8,972 
Lease liability69,856 83,698 
  Other 6,291 4,659 
322,537 370,045 
  Valuation allowance(82,220)(83,942)
Total deferred tax assets$240,317 $286,103 
Deferred tax liabilities:
  Goodwill$(135,285)$(122,129)
  Depreciation(96,097)(113,587)
  Intangible assets(8,429)(12,470)
  Lease right-of-use assets(64,902)(75,968)
Total deferred tax liabilities$(304,713)$(324,154)
Total net deferred tax assets (liabilities)$(64,396)$(38,051)