Income Taxes (Tables)

12 Months Ended

Dec. 31, 2024

Income Tax Disclosure [Abstract]

Schedule of Income Tax Provision

The income tax provision consisted of the following for the years ended December 31, 2024, 2023 and 2022:

In millions	2024		2023		2022
Current:
Federal	$	1,658	$	2,819	$	2,803
State	476		662		735
	2,134		3,481		3,538
Deferred:
Federal	(453)		(537)		(1,526)
State	(119)		(139)		(503)
	(572)		(676)		(2,029)
Total	$	1,562	$	2,805	$	1,509

Schedule of Effective Income Tax Rate Reconciliation

The following table is a reconciliation of the statutory income tax rate to the Company’s effective income tax rate for the years ended December 31, 2024, 2023 and 2022:

	2024		2023		2022
Statutory income tax rate	21.0	%	21.0	%	21.0	%
State income taxes, net of federal tax benefit	4.6		3.7		3.2
Legal charges	0.5		—		3.4
Basis difference upon disposition of subsidiary	—		—		1.6
Prior year refunds and unrecognized tax benefits	—		—		(2.6)
Tax credits	(1.2)		(0.3)		(0.6)
Other	0.5		0.7		(0.1)
Effective income tax rate	25.4	%	25.1	%	25.9	%

Schedule of Deferred Tax Assets and Liabilities

The following table is a summary of the components of the Company’s deferred income tax assets and liabilities as of December 31, 2024 and 2023:

In millions	2024		2023
Deferred income tax assets:
Lease and rents	$	4,763	$	5,059
Legal charges	1,109		1,205
Inventory	68		94
Employee benefits	168		168
Bad debts and other allowances	593		606
Net operating loss and capital loss carryforwards	272		409
Deferred income	47		62
Insurance reserves	381		356
Investments	21		56
Other	486		372
Valuation allowance	(301)		(385)
Total deferred income tax assets	7,607		8,002
Deferred income tax liabilities:
Retirement benefits	172		112
Lease and rents	4,125		4,469
Depreciation and amortization	7,116		7,732
Total deferred income tax liabilities	11,413		12,313
Net deferred income tax liabilities	$	3,806	$	4,311

Schedule of Unrecognized Tax Benefits Rollforward

A reconciliation of the beginning and ending balance of unrecognized tax benefits in 2024, 2023 and 2022 is as follows:

In millions	2024		2023		2022
Beginning balance	$	436	$	446	$	782
Additions based on tax positions related to the current year	—		2		5
Additions based on tax positions related to prior years	67		46		42
Reductions for tax positions of prior years	(49)		(24)		(166)
Expiration of statutes of limitation	(29)		(34)		(4)
Settlements	(1)		—		(213)
Ending balance	$	424	$	436	$	446