v3.26.3
Income Taxes
 9 Months Ended
Sep. 30, 2026
Income Tax Disclosure [Abstract]  
Income Taxes
(11) Income Taxes
The following table summarizes the Company’s income taxes and effective tax rate for the three and nine months ended September 30, 2026 and 2025:
Three Months Ended
September 30,		Nine Months Ended
September 30,
(in millions, except rate data)2026202520262025
Income before income taxes$704 $489 $571 $203 
Income tax expense (benefit)141 88 122 (3)
Effective tax rate20.0 %17.9 %21.4 %(1.6)%
The Company’s effective tax rate was 20.0% and 21.4% for the three and nine months ended September 30, 2026, respectively, and 17.9% and (1.6)% for the three and nine months ended September 30, 2025, respectively, compared to the U.S. federal statutory rate of 21.0% for all periods. The differences from the statutory rate were primarily attributable to the tax effects of noncontrolling interests and state tax credits.