Annual report pursuant to Section 13 and 15(d)

INCOME TAXES (Details 2)

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INCOME TAXES (Details 2) - USD ($)
$ in Millions
Dec. 31, 2021
Dec. 31, 2020
Deferred tax assets:    
Property, plant and equipment $ 36 $ 44
Trademarks and other intangible assets 1,910 2,214
Equity method investments (including foreign currency translation adjustments) 595 580
Derivative financial instruments 215 523
Other liabilities 1,255 1,401
Benefit plans 670 893
Net operating/capital loss carryforwards 280 320
Other 377 391
Gross deferred tax assets 5,338 6,366
Valuation allowances (401) (406)
Total deferred tax assets 4,937 5,960
Deferred tax liabilities:    
Property, Plant and Equipment (721) (837)
Trademarks and Other Intangible Assets (1,783) (1,661)
Equity Method Investments (including net foreign currency translation adjustments) (1,619) (1,533)
Derivative financial instruments (500) (435)
Other Liabilities (315) (402)
Benefit Plans (527) (321)
Other (164) (144)
Deferred Tax Liabilities, Gross (5,629) (5,333)
Deferred Tax Liabilities, Net (692)  
Deferred Tax Assets, Net   627
Net deferred tax assets or (liabilities) located in countries outside the United States 700 $ 1,400
Loss carryforwards 2,313  
Loss carryforwards expiring within next five years $ 849