XML 125 R89.htm IDEA: XBRL DOCUMENT v3.25.0.1
Income Taxes - Reconciliation of income taxes at the statutory rate to the provision for income taxes (Details) - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Effective Income Tax Rate Reconciliation, Amount [Abstract]      
Earnings before income taxes (“EBT”) $ 1,124 $ 1,073 $ 1,123
Income taxes at statutory rate 236 225 236
Effect of employee stock ownership plan dividend paid deduction (5) (5) (8)
Effect of tax exempt interest (5) (5) (6)
Effect of stock-based compensation (3) (2) (5)
Effect of change in valuation allowance (excluding change in tax rate) (3) (2) (9)
Effect of dividends received deduction (1) (2) (2)
Effect of nondeductible expenses 7 11 8
Effect of adjustment related to the sale of a subsidiary 4 0 0
Effect of adjustments to prior year taxes 1 (5) (3)
Effect of foreign operations 2 6 7
Effect of other income tax reconciliation 4 0 7
Provision for income taxes as shown in the Statement of Earnings $ 237 $ 221 $ 225
Effective Income Tax Rate Reconciliation, Percent [Abstract]      
Income taxes at statutory rate as a percentage of EBT 21.00% 21.00% 21.00%
Effect of employee stock ownership plan dividend paid deduction as a percentage of EBT (1.00%) (1.00%) (1.00%)
Effect of tax exempt interest as a percentage of EBT (1.00%) (1.00%) (1.00%)
Effect of stock-based compensation as a percentage of EBT 0.00% 0.00% 0.00%
Effect of change in valuation allowance (excluding change in tax rate) as a percentage of EBT 0.00% 0.00% (1.00%)
Effect of dividend received deduction as a percentage of EBT 0.00% 0.00% 0.00%
Effect of nondeductible expenses as a percentage of EBT 1.00% 1.00% 1.00%
Effect of adjustment related to the sale of a subsidiary as a percentage of EBT 1.00% 0.00% 0.00%
Effect of prior year income taxes as a percentage of EBT 0.00% 0.00% 0.00%
Effect of foreign operations as a percentage of EBT 0.00% 1.00% 1.00%
Effect of other income tax reconciliation as a percentage of EBT 0.00% 0.00% 0.00%
Provision for income taxes as shown in the Statement of Earnings as a percentage of EBT 21.00% 21.00% 20.00%