XML 105 R87.htm IDEA: XBRL DOCUMENT v3.25.4
Income Taxes - Reconciliation of Statutory Federal Income Tax Rate to Effective Tax Rate on Earnings (Details) - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Amount      
Provision for income taxes at U.S. federal statutory rate $ 264    
State and local income tax, net of federal (national) income tax effect (6)    
Tax benefit on U.S. railroad credits (63)    
Other tax credits (27)    
Amended 2017 tax return - transition tax (24)    
Other 13    
Change in unrecognized tax benefits (17)    
Income tax expense $ 182 $ 476 $ 828
Percent      
Provision for income taxes at U.S. federal statutory rate 21.00% 21.00% 21.00%
State and local income tax, net of federal (national) income tax effect (0.50%) 0.20% 0.90%
Other   (0.80%) (1.50%)
Impairment of Investments   4.30% 0.50%
Foreign Tax Effects   2.20% (0.30%)
Tax benefit on U.S. railroad credits (5.00%) (2.50%) (1.50%)
Other tax credits (2.10%)    
Amended 2017 tax return - transition tax (2.00%)    
Other 1.10%    
Change in unrecognized tax benefits (1.40%) 3.20% 0.10%
Foreign currency effects/remeasurement   (4.80%) 0.50%
Withholding Tax   1.80% 0.10%
Tax benefit on U.S. biodiesel credits   (2.90%) (1.70%)
Second-generation biofuel credit   (1.20%) 0.00%
U.S. tax on foreign earnings   0.60% 1.20%
Total tax expense and effective tax rate 14.50% 21.10% 19.30%
Singapore      
Amount      
Singapore - Non-taxable Equity Earning $ (65)    
Other $ (21)    
Percent      
Singapore - Non-taxable Equity Earning (5.20%)    
Other (1.70%)    
Japan      
Amount      
Other $ (15)    
Japan - Non-deductible Impairment $ 40    
Percent      
Other (1.20%)    
Impairment of Investments 3.20%    
Brazil      
Amount      
Other $ (2)    
Brazil - Valuation Allowance $ 53    
Percent      
Other (0.10%)    
Brazil - Valuation Allowance 4.20%    
Switzerland      
Amount      
Other $ 22    
Foreign Tax Effects: $ (35)    
Percent      
Other 1.80%    
Foreign Tax Effects (2.80%)    
Other Foreign Tax Effects      
Amount      
Foreign Tax Effects: $ 68    
Percent      
Foreign Tax Effects 5.40%    
United States      
Amount      
Other $ (3)    
Percent      
Other (0.20%)