Provision (Benefit) for Income Taxes

3 Months Ended

Mar. 31, 2025

Income Tax Disclosure [Abstract]

Provision (Benefit) for Income Taxes [Text Block]

Note 6 – Provision (Benefit) for Income Taxes

Provision (benefit) for income taxes includes:

	Three Months Ended March 31,
	2025		2024
	(Millions)
Current:
Federal	$	79	$	35
State	7		6
	86		41
Deferred:
Federal	89		127
State	18		25
	107		152
Provision (benefit) for income taxes	$	193	$	193

The effective income tax rate for the total provision (benefit) for the three months ended March 31, 2025, is slightly less than the federal statutory rate, primarily due to the benefit associated with share-based compensation partially offset by the effect of state income taxes.

The effective income tax rate for the total provision (benefit) for the three months ended March 31, 2024, is greater than the federal statutory rate, primarily due to the effect of state income taxes.