Income Taxes (Tables)

12 Months Ended

Dec. 31, 2024

Income Tax Disclosure [Abstract]

Schedule of Components of Provision for Income Taxes

Components of the provision for income taxes are as follows:

	Years Ended December 31,
(in millions)	2024		2023		2022
Current provision:
Federal	$	75.2	$	74.4	$	41.0
State and local	24.4		22.8		19.7
Foreign	—		(0.1)		—
	99.6		97.1		60.7
Deferred provision:
Federal	44.2		42.5		79.9
State and local	0.3		4.9		28.8
	44.5		47.4		108.7
Income tax provision	$	144.1	$	144.5	$	169.4

Schedule of Income from Operations Before Provision for Income Taxes

Income from operations before provision for income taxes were as follows:

	Years Ended December 31,
(in millions)	2024		2023		2022
Domestic	$	573.2	$	561.8	$	608.9
Foreign	—		—		(0.1)
Income from operations before provision for income taxes	$	573.2	$	561.8	$	608.8

Schedule of Reconciliation of Amount Computed by Applying the Federal Statutory Income Tax Rate

Our income tax provision is different from the amount computed by applying the federal statutory income tax rate to income from operations before taxes as follows:

	Years Ended December 31,
(in millions)	2024		2023		2022
Federal statutory tax on earnings before income taxes	$	120.3	$	117.9	$	127.9
State income taxes, net of federal income tax benefit	20.3		21.6		32.6
Non-deductible officer's compensation	7.5		6.1		7.6
Other	(4.0)		(1.1)		1.3
Income tax provision	$	144.1	$	144.5	$	169.4

Schedule of Components Deferred Tax Assets and Liabilities

Components of our deferred tax assets and liabilities were as follows:

	December 31,
(in millions)	2024		2023
Deferred tax assets:
§ 163(j) interest expense limitation carryforward	$	91.2	$	55.0
Lease liabilities	17.2		16.5
Net operating losses and credits carryforward	8.6		6.5
Deferred liabilities	10.1		8.1
Deferred compensation plans	9.3		7.9
Deferred income	3.5		3.3
Deferred tax assets	139.9		97.3
Valuation allowance	(4.6)		(4.6)
Net deferred tax asset	135.3		92.7
Deferred tax liabilities:
Property and equipment in excess of tax basis	220.8		195.1
Equity investments in excess of tax basis	157.3		148.0
Intangible assets in excess of tax basis	169.0		116.9
Right-of-use assets	16.1		15.9
Other	4.8		5.0
Deferred tax liabilities	568.0		480.9
Net deferred tax liability	$	(432.7)	$	(388.2)

Schedule of Unrecognized Tax Benefits Roll Forward

A reconciliation of the beginning and ending amount of unrecognized tax benefits is as follows:

(in millions)	2024		2023		2022
Balance as of January 1	$	4.8	$	6.4	$	3.9
Additions for tax positions related to the current year	0.3		0.2		0.1
Additions for tax positions of prior years	—		0.3		2.9
Reductions for tax positions of prior years	(1.9)		(2.1)		(0.5)
Balance as of December 31	$	3.2	$	4.8	$	6.4