INCOME TAXES (Tables)

12 Months Ended

Dec. 31, 2024

Income Tax Disclosure [Abstract]

Summary of U.S. and Foreign Components of Earnings (Loss) From Continuing Operations Before Income Taxes and Equity in Loss of Investee Companies

The U.S. and foreign components of earnings (loss) from continuing operations before income taxes and equity in loss of investee companies were as follows:

Year Ended December 31,	2024		2023		2022
United States	$	(5,862)	$	(2,039)	$	324
Foreign	(315)		786		942
Total	$	(6,177)	$	(1,253)	$	1,266

Summary of Components of Income Tax Provision (Benefit)

The components of the (benefit from) provision for income taxes were as follows:

Year Ended December 31,	2024		2023		2022
Current:
Federal	$	121	$	70	$	75
State and local	56		84		64
Foreign	148		135		194
Total current	325		289		333
Deferred:
Federal	(538)		(556)		(57)
State and local	(116)		(110)		(14)
Foreign	24		16		(35)
Total deferred	(630)		(650)		(106)
(Benefit from) provision for income taxes	$	(305)	$	(361)	$	227

Summary of Reconciliation of U.S. Federal Statutory Income Tax Rate

The difference between income taxes expected at the U.S. federal statutory income tax rate of 21% and the (benefit from) provision for income taxes is summarized as follows:

Year Ended December 31,	2024		2023		2022
Taxes on income at U.S. federal statutory rate	$	(1,297)	$	(263)	$	266
State and local taxes, net of federal tax benefit	(56)		(13)		44
Effect of foreign operations	74		(97)		(20)
Noncontrolling interests	(7)		(6)		(20)
Goodwill impairment	819		—		—
Interest limitation carryforward valuation allowance	101		—		—
Non-deductible expenses	55		9		11
Reorganization of foreign operations (a)	—		(4)		(72)
Tax deficiency from stock-based compensation	18		18		13
Other, net	(12)		(5)		5
(Benefit from) provision for income taxes	$	(305)	$	(361)	$	227

(a) For 2022, reflects a deferred tax benefit resulting from the transfer of intangible assets between our subsidiaries in connection with a reorganization of our international operations. The related deferred tax asset is primarily expected to be realized over a 25-year period.

Summary of Components of Deferred Income Tax Assets and Liabilities

The following table summarizes the components of deferred income tax assets and liabilities.

At December 31,	2024		2023
Deferred income tax assets:
Reserves and other accrued liabilities	$	354	$	294
Pension, postretirement and other employee benefits	460		518
Lease liability	409		400
Tax credit and loss carryforwards	538		423
Interest limitation carryforward	114		63
Capitalized costs	180		155
Intangible assets	428		20
Investments	25		—
Other	10		10
Total deferred income tax assets	2,518		1,883
Valuation allowance	(655)		(498)
Deferred income tax assets, net	1,863		1,385
Deferred income tax liabilities:
Lease asset	(340)		(326)
Property, equipment and other assets	(89)		(140)
Investments	—		(99)
Financing obligations	(66)		(67)
Other	(16)		(14)
Total deferred income tax liabilities	(511)		(646)
Deferred income tax assets, net	$	1,352	$	739

Summary of Change in Reserve for Uncertain Tax Positions

The following table sets forth the change in the reserve for uncertain tax positions, excluding related accrued interest and penalties.

At January 1, 2022	$	301
Additions for current year tax positions	16
Additions for prior year tax positions	3
Reductions for prior year tax positions	(13)
Cash settlements	(2)
Statute of limitations lapses	(2)
At December 31, 2022	303
Additions for current year tax positions	15
Additions for prior year tax positions	20
Reductions for prior year tax positions	(46)
Cash settlements	(2)
Statute of limitations lapses	(4)
At December 31, 2023	286
Additions for current year tax positions	12
Additions for prior year tax positions	3
Reductions for prior year tax positions	(14)
Cash settlements	(3)
Statute of limitations lapses	(4)
At December 31, 2024	$	280