Annual report pursuant to Section 13 and 15(d)

Income Taxes Income Taxes (Tables)

v3.19.3.a.u2
Income Taxes Income Taxes (Tables)
 12 Months Ended
Dec. 31, 2019
Income Tax Disclosure [Abstract]  
Schedule Of Impact Of Tax Cuts And Jobs Act Of 2017 The following table presents the impact of the accounting for the enactment of U.S. tax reform on the Company's provision for (benefit from) income taxes:
 
 
Year Ended December 31,
 
 
2018
 
2017
Remeasurement of net deferred income tax and uncertain tax liabilities
 
$
(2
)
 
$
(87
)
One-time deemed repatriation tax on undistributed historical earnings of foreign subsidiaries
 
(2
)
 
2

Total provision for (benefit from) income taxes impact
 
$
(4
)
 
$
(85
)

Schedule of Components of Income Tax Expense (Benefit)
The income tax provision consists of the following:
 
 
Year Ended December 31,
 
 
2019
 
2018
 
2017
Current
 
 
 
 
 
 
Federal
$
40

 
$
34

 
$
84

 
State
3

 
13

 
13

 
Foreign
21

 
14

 
7

 
 
64

 
61

 
104

Deferred
 
 

 
 
 
Federal
(3
)
 
2

 
(89
)
 
State
(10
)
 
(2
)
 
(1
)
 
Foreign
(1
)
 
—

 
(1
)
 
 
(14
)
 
—

 
(91
)
Provision for income taxes
$
50

 
$
61

 
$
13


Schedule of Income before Income Tax, Domestic and Foreign
Pretax income for domestic and foreign operations consisted of the following:
 
Year Ended December 31,
 
2019
 
2018
 
2017
Domestic
$
175

 
$
190

 
$
234

Foreign
32

 
33

 
9

Pretax income
$
207

 
$
223

 
$
243


Schedule of Deferred Tax Assets and Liabilities
Deferred income tax assets and liabilities are comprised of the following:
 
 
As of December 31,
 
 
2019
 
2018
Deferred income tax assets:
 
 
 
 
Accrued liabilities and deferred revenues
$
97

 
$
87

 
Tax credits (a)
6

 
12

 
Provision for doubtful accounts
17

 
20

 
Net operating loss carryforward (b)
18

 
14

 
Other
20

 
14

 
Valuation allowance (c)
(19
)
 
(15
)
Deferred income tax assets
139

 
132

 
 
 
 
 
Deferred income tax liabilities:
 
 
 
 
Depreciation and amortization
508

 
517

 
Other
15

 
12

Deferred income tax liabilities
523

 
529

 
Net deferred income tax liabilities
$
384

 
$
397

 
 
 
 
 
Reported in:
 
 
 
Other non-current assets
$
3

 
$
2

Deferred income taxes
387

 
399

 
Net deferred income tax liabilities
$
384

 
$
397

_____________________
Schedule of Effective Income Tax Rate Reconciliation
The Company’s effective income tax rate differs from the U.S. federal statutory rate as follows for the years ended December 31:
 
2019
 
2018
 
2017
Federal statutory rate
21.0
 %
 
21.0
 %
 
35.0
 %
State and local income taxes, net of federal tax benefits
(3.8
)
 
2.9

 
3.6

Taxes on foreign operations at rates different than U.S. federal statutory rates
5.0

 
1.9

 
0.8

Taxes on foreign income, net of tax credits
(0.5
)
 
0.3

 
0.4

Valuation allowances
1.9

 
1.4

 
(0.1
)
Impact of U.S. tax reform
—

 
(1.8
)
 
(34.9
)
Other
0.6

 
1.7

 
0.5

 
24.2
 %
 
27.4
 %
 
5.3
 %

Schedule of Unrecognized Tax Benefits
The following table summarizes the activity related to the Company’s unrecognized tax benefits as of December 31:
 
2019
 
2018
 
2017
Beginning Balance
$
13

 
$
12

 
$
13

Increases related to tax positions taken during a prior period
2

 
2

 
—

Increases related to tax positions taken during the current period
—

 
1

 
2

Decreases related to settlements with taxing authorities
(3
)
 
—

 
—

Decreases as a result of a lapse of the applicable statute of limitations
(1
)
 
(2
)
 
(2
)
Decreases related to tax positions taken during a prior period
—

 
—

 
(1
)
Ending Balance
$
11

 
$
13

 
$
12