v3.26.1
INCOME TAXES (Tables)
3 Months Ended
Mar. 31, 2026
Income Tax Disclosure [Abstract]  
Schedule of Components of Income Tax Expense
The following table summarizes components of income tax expense:

Three months ended March 31,
millions20262025
Income before income taxes$390$1,177
Current
Federal10(330)
State and Local2(13)
Foreign(116)(129)
Total current tax expense$(104)$(472)
Deferred
Federal(28)139
State and Local(3)4
Foreign(19)(18)
Total deferred tax benefit (expense)$(50)$125
Total income tax expense
Federal(18)(191)
State and Local(1)(9)
Foreign(135)(147)
Total income tax expense$(154)$(347)
Income from continuing operations$236$830
Worldwide effective tax rate39 %29%