Income Taxes (Tables)

6 Months Ended

Jun. 30, 2022

Effective Tax Rate Reconciliation Table [Abstract]

Schedule of Components of Income Tax Expense (Benefit) [Table Text Block]

The Company's provision for income taxes and resulting effective tax rates were as follows for the periods presented.

	Three months ended June 30,						Six months ended June 30,
In thousands, except tax rates	2022			2021			2022			2021
Current tax provision	$	242,723		$	—		$	338,825		$	—
Deferred tax provision	146,548			94,947			241,530			175,475
Provision for income taxes	389,271			94,947			580,355			175,475
Effective tax rate	24.3		%	24.7		%	24.2		%	24.2		%

Schedule of Effective Income Tax Rate Reconciliation [Table Text Block]

The Company's effective tax rate differs from the United States federal statutory tax rate due to the effect of state income taxes, equity compensation, changes in valuation allowances, and other tax items as reflected in the table below.

	Three months ended June 30,						Six months ended June 30,
In thousands, except tax rates	2022			2021			2022			2021
Income before income taxes	$	1,605,118		$	384,421		$	2,397,553		$	725,224
U.S. federal statutory tax rate	21.0		%	21.0		%	21.0		%	21.0		%
Expected income tax provision based on U.S. federal statutory tax rate	337,075			80,728			503,486			152,297
Items impacting the effective tax rate:
State and local income taxes, net of federal benefit	56,434			13,555			84,103			26,451
Equity compensation	(927)			147			(4,377)			6,137
Other, net	(3,311)			112			(2,857)			(4,920)
Change in valuation allowance	—			405			—			(4,490)
Provision for income taxes	$	389,271		$	94,947		$	580,355		$	175,475
Effective tax rate	24.3		%	24.7		%	24.2		%	24.2		%