v3.26.1
Income Taxes (Tables)
6 Months Ended
Jun. 30, 2026
Income Tax Disclosure [Abstract]  
Schedule of Effective Income Tax Rates
The pretax income (loss) and income tax expense (benefit), both from continuing operations for the three and six months ended June 30, 2026 and 2025 are as follows:
Three Months Ended
June 30,
Six Months Ended
June 30,
(Millions of dollars)2026202520262025
Income (loss) before income taxes$277.6 $192.5 $453.8 $254.4 
Income tax expense (benefit)
Federal - Current$48.5 $36.6 $71.4 $42.7 
Federal - Deferred5.1 1.2 15.1 2.2 
State - Current and deferred14.9 9.1 21.9 10.7 
Total income tax expense (benefit)$68.5 $46.9 $108.4 $55.6 
For the three and six months ended June 30, 2026 and 2025, the Company’s approximate effective tax rates were as follows:
20262025
Three Months Ended June 30,24.7%24.4%
Six Months Ended June 30,23.9%21.9%