The differences between the 21% statutory federal income tax rate and our effective income tax rate were as follows:


(Dollars in millions)	Three months ended June 30,								Six months ended June 30,
	2026				2025				2026				2025
Tax at statutory rate:	$	331	21.0	%	$	180	21.0	%	$	399	21.0	%	$	153	21.0	%
Increase (decrease) resulting from:
Nontaxable or nondeductible items
Tax-exempt income from municipal bonds	(6)		(0.4)		(6)		(0.7)		(12)		(0.6)		(11)		(1.5)
Dividend received exclusion	(6)		(0.4)		(6)		(0.7)		(12)		(0.6)		(11)		(1.5)
Other nontaxable or nondeductible items	—		—		—		—		(1)		(0.1)		2		0.3
Other	2		0.2		2		0.3		(1)		(0.1)		(1)		(0.1)
Provision for income taxes	$	321	20.4	%	$	170	19.9	%	$	373	19.6	%	$	132	18.2	%