Income Taxes	9 Months Ended
Sep. 30, 2025
Income Tax Disclosure [Abstract]
Income Taxes	INCOME TAXES The effective tax rate for the three and nine months ended September 30, 2025, was 21.3% and 20.7%, respectively, compared to 20.8% and 20.9% for the same periods last year. Deferred income taxes reflect the tax effects of temporary differences between the financial statement carrying amounts and the tax bases of assets and liabilities. Although realization of the deferred tax assets is not assured, management believes that it is more likely than not that the deferred tax assets will be realized based on our expectation that we will be able to fully utilize the deductions that are ultimately recognized for tax purposes and, therefore, no valuation allowance was needed at September 30, 2025 and 2024, and December 31, 2024. We had net current income taxes payable of $24 million and $26 million at September 30, 2025 and December 31, 2024, respectively, which were reported in accounts payable, accrued expenses, and other liabilities on our consolidated balance sheets, compared to net current income taxes recoverable of $5 million at September 30, 2024, which was reported in other assets. The balance may fluctuate from period to period due to normal timing differences. At September 30, 2025 and 2024, and December 31, 2024, we have not recorded any unrecognized tax benefits or related interest and penalties.

Income Taxes

9 Months Ended

Sep. 30, 2025

INCOME TAXES

The effective tax rate for the three and nine months ended September 30, 2025, was 21.3% and 20.7%, respectively, compared to 20.8% and 20.9% for the same periods last year.

Deferred income taxes reflect the tax effects of temporary differences between the financial statement carrying amounts and the tax bases of assets and liabilities. Although realization of the deferred tax assets is not assured, management believes that it is more likely than not that the deferred tax assets will be realized based on our expectation that we will be able to fully utilize the deductions that are ultimately recognized for tax purposes and, therefore, no valuation allowance was needed at September 30, 2025 and 2024, and December 31, 2024.

We had net current income taxes payable of $24 million and $26 million at September 30, 2025 and December 31, 2024, respectively, which were reported in accounts payable, accrued expenses, and other liabilities on our consolidated balance sheets, compared to net current income taxes recoverable of $5 million at September 30, 2024, which was reported in other assets. The balance may fluctuate from period to period due to normal timing differences.

At September 30, 2025 and 2024, and December 31, 2024, we have not recorded any unrecognized tax benefits or related interest and penalties.