Income Taxes |
6 Months Ended |
|---|---|
Jun. 30, 2026 | |
| Income Tax Disclosure [Abstract] | |
| Income Taxes | NOTE 3 — INCOME TAXES Our provisions for income taxes for the quarters ended June 30, 2026 and 2025 were $564 million and $524 million, respectively, and the effective tax rates were 22.6% and 21.7% (24.9% and 24.1% excluding net income attributable to noncontrolling interests as it relates to consolidated partnerships), respectively. Our provisions for income taxes for the six months ended June 30, 2026 and 2025 were $994 million and $1.026 billion, respectively, and the effective tax rates were 20.8% and 21.6% (23.0% and 23.9% excluding net income attributable to noncontrolling interests as it relates to consolidated partnerships), respectively. Our provisions for income taxes included tax benefits related to settlements of employee equity awards of $107 million and $33 million for the six months ended June 30, 2026 and 2025, respectively. Our gross unrecognized tax benefits were $553 million, excluding accrued interest and penalties of $98 million, as of June 30, 2026 ($519 million and $78 million, respectively, as of December 31, 2025). Unrecognized tax benefits of $304 million ($274 million as of December 31, 2025) would affect the effective rate, if recognized. At June 30, 2026, the Internal Revenue Service (“IRS”) was examining the 2019 income tax return of an affiliate of the Company. We are subject to examination by the IRS for tax years after 2023, as well as by state and foreign taxing authorities. |