v3.25.2
INCOME TAXES - Schedule of Income Taxes (Details) - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Income Tax Disclosure [Abstract]        
Earnings (Loss) before income taxes $ 121 $ 30 $ 260 $ (148)
Income tax expense (benefit) computed at United States statutory tax rate 25 6 55 (31)
State and local taxes, net of federal tax benefit 2 (54) 15 (55)
Valuation allowances (3) 386 (2) 405
Audit and Settlements 7 11 8 13
U.S. foreign income items, net of credits (2) (2) (4) (15)
Sale of minority shares and capital gains 0 (2) 0 77
Legal Entity restructuring tax impact 0 (559) 0 (594)
Non deductible impairments 0 15 0 64
Non deductible fines and penalties 0 0 0 0
Other 0 (7) 1 6
Income tax expense (benefit) computed at effective worldwide tax rates $ 29 $ (206) $ 72 $ (130)