v3.26.1
INCOME TAXES (Tables)
6 Months Ended
Jun. 30, 2026
Income Tax Disclosure [Abstract]  
Schedule of Components of Income Tax Expense
The following table summarizes components of income tax expense:

Three months ended Six months ended
millionsJune 30, 2026June 30, 2025June 30, 2026June 30, 2025
Income before income taxes$3,915$560$4,305$1,737
Current
Federal19(57)29(387)
State and Local(5)(4)(3)(17)
Foreign(222)(173)(338)(302)
Total current tax expense$(208)$(234)$(312)$(706)
Deferred
Federal(650)39(678)178
State and Local(27)(1)(30)3
Foreign(30)(26)(49)(44)
Total deferred tax benefit (expense)$(707)$12$(757)$137
Total income tax expense
Federal(631)(18)(649)(209)
State and Local(32)(5)(33)(14)
Foreign(252)(199)(387)(346)
Total income tax expense$(915)$(222)$(1,069)$(569)
Income from continuing operations$3,000$338$3,236$1,168
Worldwide effective tax rate23 %40 %25 %33 %