Provision (Benefit) for Income Taxes

6 Months Ended

Jun. 30, 2021

Income Tax Disclosure [Abstract]

Provision (Benefit) for Income Taxes [Text Block]

Note 5 – Provision (Benefit) for Income Taxes

The Provision (benefit) for income taxes includes:

	Three Months Ended  June 30,				Six Months Ended  June 30,
	2021		2020		2021		2020
	(Millions)
Current:
Federal	$	—	$	—	$	(2)	$	(28)
State	1		(1)		—		—
	1		(1)		(2)		(28)
Deferred:
Federal	85		93		200		(41)
State	33		25		62		(18)
	118		118		262		(59)
Provision (benefit) for income taxes	$	119	$	117	$	260	$	(87)

The effective income tax rates for the total provision (benefit) for both the three and six months ended June 30, 2021 and 2020 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.