Income Taxes update (Tables)

9 Months Ended

Sep. 30, 2020

Income Tax Disclosure [Abstract]

Summary of Valuation Allowance

A reconciliation of the beginning and ending valuation allowances for the period ended September 30, 2020 was as follows:

(in millions)
Balance at beginning of year	$	2,324
Additions to valuation allowance charged to income tax expense	673
Reductions to valuation allowance credited to income tax benefit	(145)
Foreign currency translation	4
Balance at end of period	$	2,856