XML 69 R55.htm IDEA: XBRL DOCUMENT v3.20.4
Income taxes - Components of deferred tax assets and liabilities (Details) - USD ($)
$ in Millions
Dec. 31, 2020
Dec. 31, 2019
Deferred tax assets:    
Deferred loss and tax credit carryforwards $ 207 $ 213
Accrued expenses 180 182
Stock compensation 106 109
Inventories and related reserves 105 109
Retirement costs for defined benefit and retiree health care 44 49
Other 3 0
Total deferred tax assets, before valuation allowance 645 662
Valuation allowance (179) (180)
Total deferred tax assets, after valuation allowance 466 482
Deferred tax liabilities:    
Property, plant and equipment (116) (164)
International earnings (44) (62)
Acquisition-related intangibles and fair-value adjustments (40) (82)
Other (13) (55)
Total deferred tax liabilities (213) (363)
Net deferred tax asset $ 253 $ 119