v3.26.1
INCOME TAXES (Tables)
3 Months Ended
Mar. 31, 2026
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 14.1
Three Months Ended
March 31,
(dollars in millions)20262025
Current income taxes:
Federal taxes$27 $19 
State taxes3 
Total current income taxes30 21 
Deferred income taxes:
Federal taxes6 
State taxes1 
Total deferred income taxes7 10 
Total income taxes$37 $31 
Statutory federal tax rate21.0 %21.0 %
Effective tax rate21.2 20.9