Income Taxes (Tables)

12 Months Ended

Dec. 31, 2021

Income Tax Disclosure [Abstract]

Schedule of Components of Income Before Income Taxes

The domestic and foreign components of our income (loss) before taxes were as follows:

	Year Ended December 31,
($ in millions)	2021		2020			2019
U.S. income (loss) before tax	$	195	$	(287	)	$	234
Foreign income before tax		74		7			39
Total income (loss) before taxes	$	269	$	(280	)	$	273

Schedule of Components of Provision for Income Taxes

The components of our provision for income taxes were as follows:

	Year Ended December 31,
($ in millions)	2021			2020			2019
Current:
Federal	$	(5	)	$	36		$	37
State		9			5			9
Foreign		31			3			8
Total current		35			44			54
Deferred:
Federal		61			(98	)		3
State		(1	)		(23	)		1
Foreign		(2	)		(2	)		(1	)
Total deferred		58			(123	)		3
Total provision for income taxes	$	93		$	(79	)	$	57

Schedule of Effective Income Tax Rate Reconciliation

Reconciliations of our tax provision at the U.S. statutory rate to the provision for income taxes were as follows:

	Year Ended December 31,
($ in millions)	2021		2020			2019
Statutory U.S. federal income tax provision	$	57	$	(59	)	$	57
State and local income taxes, net of U.S. federal tax benefit		8		(17	)		11
Impact of foreign operations		14		(5	)		1
Interest on installment sales, net of U.S. federal tax benefit		3		1			4
Transaction costs		5		—			—
Share-based compensation, net of IRC §162(m) limitation		5		1			1
Tax accounting method change		—		—			(18	)
Other		1		—			1
Provision for income taxes	$	93	$	(79	)	$	57

Schedule of Compositions of Net Deferred Tax Balances

The compositions of net deferred tax balances were as follows:

	December 31,
($ in millions)	2021			2020
Deferred income tax assets	$	7		$	4
Deferred income tax liabilities		(670	)		(137	)
Net deferred taxes	$	(663	)	$	(133	)

Schedule of Tax Effects of Temporary Differences and Carryforwards of Our Net Deferred Tax Liability

The tax effects of the temporary differences and carryforwards that give rise to our net deferred tax liability were as follows:

	December 31,
($ in millions)	2021			2020
Deferred tax assets:
Compensation	$	22		$	16
Domestic tax loss and credit carryforwards		100			5
Foreign tax loss carryforwards		47			2
Other reserves		179			89
		348			112
Valuation allowance		(74	)		(4	)
Deferred tax assets		274			108
Deferred tax liabilities:
Property and equipment		(165	)		(70	)
Amortizable intangible assets		(309	)		(7	)
Deferred income		(463	)		(164	)
Other liabilities		—			—
Deferred tax liabilities		(937	)		(241	)
Net deferred taxes	$	(663	)	$	(133	)

Summary of Reconciliations of the amounts of unrecognized tax benefits

Reconciliations of the amounts of unrecognized tax benefits were as follows:

	December 31,
($ in millions)	2021			2020		2019
Unrecognized tax benefits at beginning of year	$	—		$	—	$	—
Current period tax position increases		1			—		—
Prior period tax position increases		18			—		—
Decreases due to lapse in applicable statute of limitations		(7	)		—		—
Unrecognized tax benefits at end of year	$	12		$	—	$	—