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Annual report pursuant to Section 13 and 15(d)

Income Taxes - Effective Income Tax Rate, Tax Rate Reconciliation (Details)

v3.22.4
Income Taxes - Effective Income Tax Rate, Tax Rate Reconciliation (Details) - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Effective income tax rate reconciliation
Computed expected tax benefit (expense) $ (461) $ (166) $ 301
State and local income taxes, net of federal income taxes (76) (58) (42)
Foreign income taxes, net of foreign tax credit 27 34 20
Income tax reserves 12 140 (19)
Taxable dividends, net of dividends received deductions (7) (11) (12)
Federal tax credits 25 55 24
Change in valuation allowance affecting tax expense 303 (135) (69)
Change in tax rate 6 146 30
Deductible stock-based compensation 26 36 14
Non-deductible executive compensation (21) (17) (17)
Non-taxable gain / non-deductible (loss) 11 (76)
Impairment of nondeductible goodwill (194)
Other, net (9) 7 8
Income tax (expense) benefit $ (164) $ (45) $ 44
Effective Income Tax Rate Reconciliation, at Federal Statutory Income Tax Rate, Percent 21.00% 21.00% 21.00%