v3.25.2
INCOME TAXES (Tables)
6 Months Ended
Jun. 30, 2025
Income Tax Disclosure [Abstract]  
Schedule of Components of Income Tax Expense (Benefit)
The following table summarizes components of income tax benefit (expense):

Three months ended June 30,Six months ended June 30,
millions2025202420252024
Income before income taxes$738$1,635$2,070$2,645
Current
Federal(99)(303)(465)(546)
State and Local(10)(12)(29)(24)
Foreign(178)(194)(309)(334)
Total current tax expense$(287)$(509)$(803)$(904)
Deferred
Federal4542188123
State and Local(1)(1)41
Foreign(27)3(46)11
Total deferred tax benefit $17$44$146$135
Total income tax expense$(270)$(465)$(657)$(769)
Income from continuing operations$468$1,170$1,413$1,876
Worldwide effective tax rate37 %28%32 %29%