Annual report pursuant to Section 13 and 15(d)

INCOME TAXES (Details 1) Inc. Before Taxes, Components of Tax Expense, Rate Recon., Effective Tax rate Discussion

v3.10.0.1
INCOME TAXES (Details 1) Inc. Before Taxes, Components of Tax Expense, Rate Recon., Effective Tax rate Discussion - USD ($)
$ in Millions
 3 Months Ended 12 Months Ended 24 Months Ended
Dec. 31, 2017
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2018
Income Tax [Line Items]          
Withholding tax accrued     $ 331    
Tax Legislation Deferred tax balances     152    
Tax Legislation One-time transition tax     298    
Tax Legislation One-time transition tax cash impact     338    
Total Tax Legislation impact, gross   $ 12 781    
Deferred Other Tax Expense (Benefit)   12      
Income before income taxes:          
U.S. income   1,239 1,237 $ 995  
Foreign income   1,514 1,128 935  
INCOME BEFORE INCOME TAXES   2,753 2,365 1,930  
Current:          
U.S. federal and state   303 355 211  
Foreign   348 289 213  
Current Tax Legislation Impact to Tax Expense   153 349 0  
Total current   804 993 424  
Deferred:          
U.S. federal and state   (71) (42) 57  
Foreign   (26) (12) (7)  
Deferred Tax Legislation Impact to Tax Expense   (141) 432 0  
Total deferred   (238) 378 50  
Income tax expense   $ 566 $ 1,371 $ 474  
Reconciliation of the income tax provision          
Statutory U.S. federal income tax rate 21.00% 21.00% 35.00% 35.00%  
State income tax, net of federal effect   0.90% 0.60% 0.80%  
Differences in rates and taxability of foreign subsidiaries and joint ventures   (0.20%) (6.40%) (7.20%)  
Research tax credits   (1.20%) (1.40%) (1.70%)  
Impact of tax legislation   0.50% 33.10% 0.00%  
Other, net   (0.40%) (2.90%) (2.30%)  
Effective Income Tax Rate Reconciliation, Percent   20.60% 58.00% 24.60%  
Tax Legislation Tax Expense Impact          
Income Tax [Line Items]          
Withholding tax accrued   $ (148) $ 331   $ 183
Tax Legislation Deferred tax balances   7 152   159
Tax Legislation One-time transition tax   111 298   409
Tax Legislation Net impact of measurement period changes   (30) 781   751
Tax Legislation Deferred tax charges [1]   35 0   35
Tax Legislation Foreign currency adjustment related to Tax Legislation   7 0   7
Tax Legislation Net impact of 2018 adjustments   42 0   42
Total Tax Legislation impact, gross   $ 12 $ 781   $ 793
[1] Charges relate to one-time recognition of deferred tax charges at historical tax rates on intercompany profit in inventory.