Provision (Benefit) for Income Taxes

9 Months Ended

Sep. 30, 2020

Income Tax Disclosure [Abstract]

Provision (Benefit) for Income Taxes [Text Block]

Note 7 – Provision (Benefit) for Income Taxes

The Provision (benefit) for income taxes includes:

	Three Months Ended  September 30,				Nine Months Ended  September 30,
	2020		2019		2020		2019
	(Millions)
Current:
Federal	$	—	$	(10)	$	(28)	$	(25)
State	—		—		—		—
Foreign	—		1		—		1
	—		(9)		(28)		(24)
Deferred:
Federal	97		73		56		225
State	14		13		(4)		43
	111		86		52		268
Provision (benefit) for income taxes	$	111	$	77	$	24	$	244

The effective income tax rates for the total provision (benefit) for the three and nine months ended September 30, 2020 and 2019 are greater than the federal statutory rate, primarily due to the effect of state income taxes.

During the next 12 months, we do not expect ultimate resolution of any unrecognized tax benefit associated with domestic or international matters to have a material impact on our unrecognized tax benefit position.