Quarterly report pursuant to Section 13 or 15(d)

INCOME TAXES Tax Valuation Adjustments (Tables)

v3.10.0.1
INCOME TAXES Tax Valuation Adjustments (Tables)
 9 Months Ended
Sep. 30, 2018
Income Tax Disclosure [Abstract]  
Schedule of Components of Income Tax Expense (Benefit) [Table Text Block] Tax Legislation measurement period for each group and other Tax Legislation adjustments for the three and nine months ended September 30, 2018, consisted of the following:
 
 
Favorable/(Unfavorable)
Tax Valuation Adjustments as of
September 30, 2018
In millions
 
Three months ended
 
Nine months ended
One-year measurement adjustments to 2017 estimates
 
 
 
 
Withholding tax accrued
 
$
118

 
$
112

Deferred tax balances
 
(7
)
 
(7
)
One-time transition tax
 
(70
)
 
(111
)
Net impact of measurement period changes
 
41

 
(6
)
Other 2018 adjustments
 
 
 
 
Deferred tax charges(1)
 
—

 
(35
)
Foreign currency adjustment related to Tax Legislation
 
(7
)
 
(7
)
Net impact of 2018 adjustments
 
(7
)
 
(42
)
Total Tax Legislation impact
 
$
34

 
$
(48
)
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(1) Charges relate to one-time recognition of deferred tax charges at historical tax rates on intercompany profit in inventory.