Income Taxes (Tables)

12 Months Ended

Dec. 31, 2019

Income Tax Disclosure [Abstract]

Schedule of Breakdown of Income Tax Expense Between Current and Deferred

The breakdown of income tax expense between current and deferred is as follows:

	Fiscal Years
(Dollars in Millions)	2019		2018		2017
Current:
Federal	$	608	$	572	$	787
State	104		144		117
Subtotal Current	712		716		904
Deferred:
Federal	235		275		(3,277		)
State	38		4		44
Subtotal Deferred	273		279		(3,233		)
Total	$	985	$	995	$	(2,329	)

Schedule of Income Tax Expense Reconciled to Tax Computed at Statutory Rates

Income tax expense reconciled to the tax computed at statutory rates is presented in the following table. 

	Fiscal Years
(Dollars In Millions)	2019					2018					2017
Federal Income Taxes	$	906		21.0	%	$	904		21.0	%	$	1,100		35.0	%
State Income Taxes	108			2.5	%	112			2.6	%	102			3.2	%
Deferred Tax Rate Change	—			—	%	—			—	%	(3,506		)	(111.6	)%
Other	(29		)	(0.7	)%	(21		)	(0.5	)%	(25		)	(0.8	)%
Income Tax (Benefit) Expense/Rate	$	985		22.8	%	$	995		23.1	%	$	(2,329	)	(74.2	)%

Schedule of Significant Components of Deferred Income Tax Assets and Liabilities

The significant components of deferred income tax assets and liabilities include:

	2019				2018
(Dollars in Millions)	Assets		Liabilities		Assets		Liabilities
Pension Plans	$	71	$	—	$	79	$	—
Other Employee Benefit Plans	127		—		146		—
Accelerated Depreciation	—		7,020		—		6,799
Other	426		565		529		645
Total	$	624	$	7,585	$	754	$	7,444
Net Deferred Income Tax Liabilities			$	6,961			$	6,690