Annual report pursuant to Section 13 and 15(d)

INCOME TAXES (Details 2) Carryforward Deferred Tax Asset/Liability, BS Disclosure, Recon. of Unrecognized Tax Benefits

v3.24.0.1
INCOME TAXES (Details 2) Carryforward Deferred Tax Asset/Liability, BS Disclosure, Recon. of Unrecognized Tax Benefits - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Deferred tax assets:      
U.S. and state carryforward benefits $ 272 $ 272  
Foreign carryforward benefits 609 527  
Employee benefit plans 347 258  
Warranty expenses 483 458  
Lease liabilities 125 110  
Capitalized research and development expenditures 591 238  
Accrued expenses 253 174  
Other 78 126  
Gross deferred tax assets 2,758 2,163  
Valuation allowance (789) (704)  
Deferred Tax Assets, Net of Valuation Allowance 1,969 1,459  
Deferred tax liabilities:      
Property, plant and equipment (367) (369)  
Unremitted income of foreign subsidiaries and joint ventures (179) (210)  
Employee benefit plans (278) (311)  
Lease assets (123) (108)  
Deferred Tax Liabilities, Intangible Assets (406) (435)  
Other (64) (50)  
Deferred Tax Liabilities, Gross 1,417 1,483  
Deferred Tax Assets, Net 552    
Deferred Tax Liabilities, Net   (24)  
Valuation Allowance, Deferred Tax Asset, Increase (Decrease), Amount 85    
Balance Sheet Related Disclosures      
Refundable income taxes 81 83  
Deferred income taxes 1,082 625  
Long-term refundable income taxes 27 14  
Taxes Payable, Current 242 173  
Taxes Payable, Non-Current 111 192  
Deferred Tax Liabilities, Net 530 649  
Reconciliation of unrecognized tax benefits      
Beginning balance 283 89 $ 122
Unrecognized Tax Benefits, Increase Resulting from Acquisition 8 189 0
Additions to current year tax positions 21 17 11
Additions to prior years' tax positions 19 17 16
Reductions to prior years' tax positions (1) (1) (28)
Reductions for tax positions due to settlements with taxing authorities 0 (28) (32)
Ending balance 330 283 89
Unrecognized tax benefits that would impact effective tax rate 314 270 85
Unrecognized tax benefits, interest accrued $ 33 $ 18 $ 15