Income Taxes |
9 Months Ended |
|---|---|
Sep. 30, 2026 | |
| Income Tax Disclosure [Abstract] | |
| Income Taxes | Income TaxesDuring the three months ended September 30, 2026, we recorded a total income tax provision of $94 million on a pre- tax income of $513 million, resulting in an effective tax rate of 18.3% for the quarter. During the three months ended September 30, 2025, we recorded a total income tax provision of $199 million on a pre-tax income of $219 million, resulting in an effective tax rate of 90.9% for the quarter. During the nine months ended September 30, 2026, we recorded a total income tax provision of $325 million on a pre-tax income of $1.7 billion, resulting in an effective tax rate of 18.6% for the period. The effective tax rate for this period was primarily impacted by the release of a valuation allowance in the amount of $32 million related to changes in deferred tax asset realizability. During the nine months ended September 30, 2025, we recorded a total income tax provision of $433 million on a pre-tax income of $1.1 billion, resulting in an effective tax rate of 38.1% for the period.
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