Provision (Benefit) for Income Taxes

3 Months Ended

Mar. 31, 2023

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,
	2023		2022
	(Millions)
Current:
Federal	$	1	$	1
State	—		2
	1		3
Deferred:
Federal	237		94
State	46		21
	283		115
Provision (benefit) for income taxes	$	284	$	118

The effective income tax rates for the total provision (benefit) for both the three months ended March 31, 2023 and 2022, are greater than the federal statutory rate primarily due to the effect of state income taxes.