v3.26.3
INCOME TAXES (Tables)
9 Months Ended
Sep. 30, 2026
Income Tax Disclosure [Abstract]  
Schedule of Components of Income Tax Expense
Federal and state income tax expense and the statutory tax rate and the actual effective tax rate consist of the following:
TABLE 14.1
Three Months Ended
September 30,
Nine Months Ended
September 30,
(dollars in millions)2026202520262025
Current income taxes:
Federal taxes$37 $29 $100 $82 
State taxes3 3 10 8 
Total current income taxes40 32 110 90 
Deferred income taxes:
Federal taxes— 8 5 16 
State taxes— — 1 1 
Total deferred income taxes— 8 6 17 
Total income taxes$40 $40 $116 $107 
Statutory federal tax rate21.0 %21.0 %21.0 %21.0 %
Effective tax rate20.6 21.3 20.9 21.2