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Income Taxes (Details) - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Dec. 31, 2024
Current portion of income tax provision:      
Federal $ (1) $ 0  
State (12) (12)  
Total current portion (13) (12)  
Deferred portion of income tax provision:      
Federal (4) (4)  
State (7) (5)  
Total deferred portion (11) (9)  
Total provision for income taxes (24) $ (21)  
Deferred tax liabilities:      
Attributable to investment in OTA [1] 470   $ 462
Attributable to property, plant and equipment 157   151
Attributable to investments in other entities 4   5
Other 98   98
Total deferred tax liabilities 729   716
Deferred tax assets:      
Net operating loss carryovers [2] 59   56
Temporary differences related to Texas Margin Tax 3   4
Total deferred tax assets 62   60
Total net deferred tax liabilities $ 667   $ 656
[1] Represents the deferred tax liability balance held by our wholly owned subsidiary, OTA Holdings, Inc. ("OTA"), which we acquired in March 2020.
[2] The loss amount presented as of March 31, 2025 has an indefinite carryover period.  All losses are subject to limitations on their utilization.