INCOME TAXES (Tables)

12 Months Ended

Dec. 31, 2023

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)	2023		2022		2021
U.S. income before tax	$	335	$	384	$	195
Foreign income before tax	114		97		74
Total income before taxes	$	449	$	481	$	269

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)	2023		2022		2021
Current:
Federal	$	105	$	102	$	(5)
State	18		19		9
Foreign	36		46		31
Total current	159		167		35
Deferred:
Federal	(22)		(21)		61
State	(1)		(16)		(1)
Foreign	—		(1)		(2)
Total deferred	(23)		(38)		58
Total provision for income taxes	$	136	$	129	$	93

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)	2023		2022		2021
Statutory U.S. federal income tax provision	$	94	$	101	$	57
State and local income taxes, net of U.S. federal tax benefit	17		4		8
Impact of foreign operations	10		17		11
Interest on installment sales, net of U.S. federal tax benefit	3		1		3
Uncertain Tax Positions	5		4		3
Transaction costs	—		—		5
Share-based compensation, net of IRC §162(m) limitation	2		3		5
Other	5		(1)		1
Provision for income taxes	$	136	$	129	$	93

Schedule of Compositions of Net Deferred Tax Balances

The compositions of net deferred tax balances were as follows:

	December 31,
($ in millions)	2023		2022
Deferred tax assets	$	9	$	8
Deferred tax liabilities	(631)		(659)
Net deferred tax liability	$	(622)	$	(651)

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)	2023		2022
Deferred tax assets:
Compensation	$	20	$	18
Domestic tax loss and credit carryforwards	35		37
Foreign tax loss carryforwards	41		38
Other reserves	177		152
	273		245
Valuation allowance	(81)		(78)
Deferred tax assets	192		167
Deferred tax liabilities:
Property and equipment	(128)		(138)
Amortizable intangible assets	(251)		(284)
Deferred income	(435)		(396)
Deferred tax liabilities	(814)		(818)
Net deferred tax liability	$	(622)	$	(651)

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)	2023		2022		2021
Unrecognized tax benefits at beginning of year	$	23	$	12	$	—
Current period tax position increases	2		2		1
Prior period tax position increases	3		11		18
Decreases due to lapse in applicable statute of limitations	(3)		(2)		(7)
Unrecognized tax benefits at end of year	$	25	$	23	$	12