v3.25.4
INCOME TAXES - Schedule of Effective Income Tax Rate Reconciliation (Details) - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Amount      
U.S. federal statutory tax rate $ 110 $ 114 $ 209
State and local income taxes (10) 0 6
Enactment of new tax laws 0 (9) 0
Foreign-derived intangible income 0 (11) (23)
Global intangible low-taxed income 36 24 19
Net tax on remittance of foreign earnings 1 (17) (10)
Other 14 1 11
Foreign tax credits (48) (47) (40)
Research and development credit (10) (26) (34)
Changes in valuation allowances (6) 32 39
Intercompany transaction gain (6) (15) (61)
Other 14 9 5
Realization of basis differences (40) (13) 1
Other 2 13 (6)
Changes in unrecognized tax benefits (20) (99) (6)
Income tax expense $ 189 $ 111 $ 289
Percent      
U.S. federal statutory tax rate 21.00% 21.00% 21.00%
State and local income taxes (1.90%) 0.00% 0.60%
Enactment of new tax laws 0.00% (1.70%) 0.00%
Foreign-derived intangible income 0.00% (2.00%) (2.30%)
Global intangible low-taxed income 6.90% 4.50% 1.90%
Net tax on remittance of foreign earnings 0.20% (3.20%) (1.00%)
Other 2.70% 0.20% 1.10%
Foreign tax credits (9.20%) (8.70%) (4.00%)
Research and development credit (1.90%) (4.80%) (3.40%)
Changes in valuation allowances (1.10%) 5.90% 3.90%
Intercompany transaction gain (1.10%) (2.80%) (6.10%)
Other 2.70% 1.70% 0.50%
Realization of basis differences (7.60%) (2.40%) 0.10%
Other 0.40% 2.40% (0.60%)
Changes in unrecognized tax benefits (3.80%) (18.40%) (0.60%)
Income tax expense 36.10% 20.60% 29.10%
China      
Amount      
Net tax on remittance of foreign earnings $ (6) $ (6) $ (21)
Research and development credit (24) (29) (35)
Changes in valuation allowances 18 0 0
Other (7) 8 (6)
Effect of rates different than statutory 21 4 18
Withholding tax 37 33 52
Impairment of goodwill 0 94 (1)
Tax holiday $ (39) $ (45) $ (35)
Percent      
Net tax on remittance of foreign earnings (1.10%) (1.10%) (2.10%)
Research and development credit (4.60%) (5.40%) (3.50%)
Changes in valuation allowances 3.40% 0.00% 0.00%
Other (1.30%) 1.50% (0.60%)
Effect of rates different than statutory 4.00% 0.70% 1.80%
Withholding tax 7.10% 6.10% 5.20%
Impairment of goodwill 0.00% 17.50% (0.10%)
Tax holiday (7.40%) (8.40%) (3.50%)
Germany      
Amount      
State and local income taxes $ (5) $ 14 $ 2
Other 27 (16) 20
Effect of rates different than statutory 28 (7) 1
Impairment of goodwill $ 61 $ 32 $ 0
Percent      
State and local income taxes (1.00%) 2.60% 0.20%
Other 5.20% (3.00%) 2.00%
Effect of rates different than statutory 5.30% (1.30%) 0.10%
Impairment of goodwill 11.40% 6.10% 0.00%
Italy      
Amount      
Changes in valuation allowances $ (2) $ 14 $ 0
Other $ 7 $ 6 $ 7
Percent      
Changes in valuation allowances (0.40%) 2.60% 0.00%
Other 1.30% 1.10% 0.70%
Korea      
Amount      
Other $ 8 $ (6) $ 6
Withholding tax 13 14 13
Impairment of goodwill $ 0 $ 18 $ 0
Percent      
Other 1.50% (1.10%) 0.60%
Withholding tax 2.50% 2.60% 1.30%
Impairment of goodwill 0.00% 3.30% 0.00%
Mexico      
Amount      
Intercompany transaction gain $ 0 $ 0 $ (16)
Other $ 15 $ (5) $ 19
Percent      
Intercompany transaction gain 0.00% 0.00% (1.60%)
Other 2.90% (0.90%) 1.90%
France      
Amount      
Changes in valuation allowances $ 1 $ (2) $ 96
Other $ 1 $ 0 $ (6)
Percent      
Changes in valuation allowances 0.20% (0.40%) 9.70%
Other 0.20% 0.00% (0.60%)
Luxembourg      
Amount      
Changes in valuation allowances $ 0 $ 0 $ 37
Other $ (3) $ 3 $ (3)
Percent      
Changes in valuation allowances 0.00% 0.00% 3.70%
Other (0.60%) 0.60% (0.30%)
Other foreign jurisdictions      
Amount      
Effect of rates different than statutory $ 1 $ 31 $ 31
Percent      
Effect of rates different than statutory 0.20% 5.80% 3.10%