Income Taxes (Tables)

12 Months Ended

Dec. 31, 2024

Income Tax Disclosure [Abstract]

Schedule of Components of Provision for Income Taxes

Significant components of the provision for income taxes for the years ended December 31 are as follows:

(in millions)	2024			2023			2022
Current:
Federal	$	198		$	180		$	124
State		70			57			35
Foreign		19			23			2
Total current provision		287			260			161
Deferred:
Federal		14			26			39
State		4			6			8
Foreign		(4	)		(17	)		(4	)
Total deferred provision		14			15			43
Total tax provision	$	301		$	275		$	204

Schedule of Reconciliation of Effective Tax Rate and Federal Statutory Tax Rate

A reconciliation of the differences between the effective tax rate and the federal statutory tax rate for the years ended December 31 is as follows:

	2024			2023			2022
Federal statutory tax rate		21.0	%		21.0	%		21.0	%
State income taxes, net of federal income tax benefit		4.6			4.5			4.7
Non-deductible employee stock purchase plan expense		0.2			0.2			0.2
Non-deductible meals and entertainment		0.2			0.2			0.1
Non-deductible officers’ compensation		0.4			0.4			0.6
Tax benefit from stock-based compensation		(1.9	)		(1.6	)		(3.1	)
Effect of rates different than statutory		(1.1	)		—			—
Other, net		(0.3	)		(0.6	)		(0.2	)
Effective tax rate		23.1	%		24.1	%		23.3	%

Schedule of Components of Net Deferred Tax Liabilities

Significant components of the Company’s net deferred tax liabilities as of December 31 are as follows:

(in millions)	2024			2023
Non-current deferred tax liabilities:
Intangible assets	$	808		$	701
Fixed assets		22			23
Right-of-use assets		41			43
Impact of adoption of ASC 606 revenue recognition		31			25
Total non-current deferred tax liabilities		902			792
Non-current deferred tax assets:
Deferred compensation		100			85
Accruals and reserves		34			19
Lease liabilities		49			50
Net operating loss carryforwards and other carryforwards		9			23
Valuation allowance for deferred tax assets		(1	)		(1	)
Total non-current deferred tax assets		191			176
Net non-current deferred tax liability	$	711		$	616

Schedule of Reconciliation of Unrecognized Tax Benefits

A reconciliation of the beginning and ending amount of unrecognized tax benefits is as follows:

(in millions)	2024			2023			2022
Unrecognized tax benefits balance at January 1	$	5		$	3		$	1
Gross increases for tax positions of prior years		3			3			2
Gross decreases for tax positions of prior years		—			—			—
Settlements		(4	)		(1	)		—
Unrecognized tax benefits balance at December 31	$	4		$	5		$	3