v3.25.2
INCOME TAXES (Tables)
6 Months Ended
Jun. 30, 2025
Income Tax Disclosure [Abstract]  
Schedule of Differences Between the U.S. Federal Income Tax Rate and the Company's Effective Tax Rate
The following table presents the components of our income tax provision (benefit) and effective tax rate:

 Three months ended June 30,Six months ended June 30,
 2025202420252024
(in millions)(in millions)
Income (loss) before income taxes
$242 $11 $404 $(8)
Current income tax provision64 — 76 — 
Deferred income tax provision (benefit)
41 (6)
Income tax provision (benefit)
$70 $$117 $(6)
Effective tax rate
29 %27 %29 %75 %