v3.26.1
Income Taxes
 6 Months Ended
Jun. 30, 2026
Income Tax Disclosure [Abstract]  
Income Taxes
4. Income Taxes
Effective Tax Rate Reconciliations
The reconciliations of the effective tax rate for the periods were:
Three Months Ended June 30,Six Months Ended June 30,
2026202520262025
Income (loss) before income taxes
$(129)$97 $(48)$(90)
Income tax benefit (expense)
37 (25)19 27 
Effective tax rate
28.7 %25.8 %39.6 %30.0 %
Income tax benefit (expense) computed at the federal income tax statutory tax rate of 21%
$27 $(20)10 19 
Additional tax benefit (expense) due to:
Permanent differences44 9 41 15 
NDT taxes(20)(12)(17)(10)
Change in state rate(17)— (17)— 
State income taxes, net of federal benefit3 (2)2 3 
Income tax benefit (expense) $37 $(25)$19 $27