Income Taxes |
9 Months Ended |
|---|---|
Sep. 30, 2026 | |
| Income Tax Disclosure [Abstract] | |
| Income Taxes | NOTE 3 — INCOME TAXES Our provision for income taxes for the quarters ended September 30, 2026 and 2025 was $521 million and $515 million, respectively, and the effective tax rates were 22.0% and 21.3% (24.8% and 23.9% excluding net income attributable to noncontrolling interests as it relates to consolidated partnerships), respectively. Our provision for income taxes for the nine months ended September 30, 2026 and 2025 was $1.515 billion and $1.541 billion, respectively, and the effective tax rates were 21.2% and 21.5% (23.6% and 23.9% excluding net income attributable to noncontrolling interests as it relates to consolidated partnerships), respectively. Our provision for income taxes included tax benefits related to settlements of employee equity awards of $110 million and $45 million for the nine months ended September 30, 2026 and 2025, respectively. Our gross unrecognized tax benefits were $557 million, excluding accrued interest and penalties of $106 million, as of September 30, 2026 ($519 million and $78 million, respectively, as of December 31, 2025). Unrecognized tax benefits of $313 million as of September 30, 2026 ($274 million as of December 31, 2025) would affect the effective rate, if recognized. As of September 30, 2026, the Internal Revenue Service (“IRS”) was examining the 2019 income tax return of an affiliate of the Company. We are subject to examination by the IRS for tax years after 2023, as well as by state and foreign taxing authorities. |