Income Taxes (Tables)

9 Months Ended

Sep. 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 September 30,						Nine months ended September 30,
In thousands, except tax rates	2022			2021			2022			2021
Current tax provision	$	139,831		$	—		$	478,656		$	—
Deferred tax provision	183,559			115,641			425,089			291,116
Provision for income taxes	323,390			115,641			903,745			291,116
Effective tax rate	24.1		%	23.8		%	24.2		%	24.0		%

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 September 30,						Nine months ended September 30,
In thousands, except tax rates	2022			2021			2022			2021
Income before income taxes	$	1,343,888		$	486,162		$	3,741,441		$	1,211,386
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	282,216			102,094			785,703			254,391
Items impacting the effective tax rate:
State and local income taxes, net of federal benefit	47,097			17,109			131,200			43,559
Equity compensation	(282)			(11)			(4,659)			6,126
Other, net	(5,641)			(2,086)			(8,499)			(7,006)
Change in valuation allowance	—			(1,465)			—			(5,954)
Provision for income taxes	$	323,390		$	115,641		$	903,745		$	291,116
Effective tax rate	24.1		%	23.8		%	24.2		%	24.0		%