v3.24.1.u1
Income Taxes (Tables)
3 Months Ended
Mar. 31, 2024
Income Tax Disclosure [Abstract]  
Schedule of Effective Income Tax Rate A reconciliation of U.S. statutory federal income tax expense to income tax expense follows:
3ME
March 31,
(In millions)20242023
U.S statutory federal income tax expense$19 $(21)
Increase (decrease) in taxes resulting from:
State and local income taxes, net of federal income tax effects1 (3)
Valuation allowance, net(4)52 
Foreign tax impacts7 8 
Noncontrolling interest4 5 
Sale of AMECO South America— (10)
Reserve for uncertain tax positions
17 — 
Other adjustments7 (1)
Total income tax expense$51 $30