Provision (Benefit) for Income Taxes

3 Months Ended

Mar. 31, 2022

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  March 31,
	2022		2021
	(Millions)
Current:
Federal	$	1	$	(2)
State	2		(1)
	3		(3)
Deferred:
Federal	94		115
State	21		29
	115		144
Provision (benefit) for income taxes	$	118	$	141

The effective income tax rates for the total provision (benefit) for both the three months ended March 31, 2022 and 2021 are greater than the federal statutory rate, primarily due to the effect of state income taxes.

It is reasonably possible that the total amount of unrecognized tax benefits will significantly decrease by the end of 2022 due to the resolution of audits related to U.S. federal tax positions.