v3.26.1
INCOME TAXES (Tables)
6 Months Ended
Jun. 30, 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
June 30,
Six Months Ended
June 30,
(dollars in millions)2026202520262025
Current income taxes:
Federal taxes$36 $34 $63 $53 
State taxes4 7 
Total current income taxes40 37 70 58 
Deferred income taxes:
Federal taxes(1)(1)5 
State taxes — 1 
Total deferred income taxes(1)(1)6 
Total income taxes$39 $36 $76 $67 
Statutory federal tax rate21.0 %21.0 %21.0 %21.0 %
Effective tax rate20.9 21.5 21.1 21.2