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Income Taxes, Reconciliation (Details) - USD ($)
$ in Millions
3 Months Ended 7 Months Ended 9 Months Ended
Mar. 05, 2020
Sep. 30, 2020
Sep. 30, 2019
Sep. 30, 2020
Sep. 30, 2020
Sep. 30, 2019
Reconciliation of the provision for (benefit from) income taxes [Abstract]            
Pre-Tax Net Book Income ("NBI")   $ 1,064.9 $ 1,060.2   $ 3,381.2 $ 3,599.1
Texas Margin Tax [1]   (7.2) (15.5)   (21.9) (36.5)
State income tax benefit (provision), net of federal benefit [2]   1.6 0.0   9.7 (0.3)
Federal income tax benefit (provision) computed by applying the federal statutory rate to NBI of corporate entities   25.1 0.1   83.4 (0.6)
Federal benefit attributable to settlement of Liquidity Option [2]   0.0 0.0   67.8 0.0
Other permanent differences   (0.4) 0.0   (0.4) 0.0
Total benefit from (provision for) income taxes   $ 19.1 $ (15.4)   $ 138.6 $ (37.4)
Effective income tax rate   1.80% (1.50%)   4.10% (1.00%)
OTA Holdings, Inc. [Member]            
Reconciliation of the provision for (benefit from) income taxes [Abstract]            
Total benefit from (provision for) income taxes $ 72.2 $ 21.3   $ 85.8 $ 158.0  
[1]
Although the Texas Margin Tax is not considered a state income tax, it has the characteristics of an income tax since it is determined by applying a tax rate to a base that considers our Texas-sourced revenues and expenses.
[2]
The total benefit recognized in income tax expense on March 5, 2020 from settlement of the Liquidity Option was $72.2 million, which is comprised of $4.4 million of state income tax benefit and $67.8 million of federal income tax benefit.