Income Taxes |
9 Months Ended | ||||||
|---|---|---|---|---|---|---|---|
Sep. 30, 2026 | |||||||
| Income Tax Disclosure [Abstract] | |||||||
| Income Taxes |
We follow the guidance of ASC 740, Income Taxes, for interim reporting of income taxes under which we calculate an estimated annual effective tax rate (“AETR”) and apply the AETR to our year-to-date income (loss) before income taxes. In addition, we recognize any discrete items as they occur. We had a net deferred tax asset of $500 million and $464 million at September 30, 2026 and December 31, 2025, respectively, reported in Other assets in our condensed consolidated balance sheets. Our gross unrecognized tax benefits, including related interest and penalties, totaled $14 million at September 30, 2026 and December 31, 2025.
|
||||||