v3.25.2
INCOME TAXES (Tables)
6 Months Ended
Jun. 30, 2025
Income Tax Disclosure [Abstract]  
Schedule of Components of Income Tax Expense
Federal and state income tax expense and the statutory tax rate and the actual effective tax rate consist of the following:
TABLE 13.1
Three Months Ended
June 30,
Six Months Ended
June 30,
(dollars in millions)2025202420252024
Current income taxes:
Federal taxes$34 $30 $53 $47 
State taxes3 5 
Total current income taxes37 32 58 51 
Deferred income taxes:
Federal taxes(1)8 14 
State taxes 1 
Total deferred income taxes(1)9 17 
Total income taxes$36 $34 $67 $68 
Statutory federal tax rate21.0 %21.0 %21.0 %21.0 %
Effective tax rate21.5 21.6 21.2 21.6