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Income Taxes (Tables) | 12 Months Ended
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Dec. 31, 2023
Income Tax Disclosure [Abstract] |
Schedule of Income Tax Provision | The income tax provision consisted of the following for the years ended December 31, 2023, 2022 and 2021:
In millions | 2023 |  | 2022 |  | 2021
Current: |  |  |  |  |
Federal | $ | 2,819 |  |  | $ | 2,803 |  |  | $ | 2,285 |
State | 662 |  |  | 735 |  |  | 665 |
| 3,481 |  |  | 3,538 |  |  | 2,950 |
Deferred: |  |  |  |  |
Federal | (537) |  |  | (1,526) |  |  | (282) |
State | (139) |  |  | (503) |  |  | (120) |
| (676) |  |  | (2,029) |  |  | (402) |
Total | $ | 2,805 |  |  | $ | 1,509 |  |  | $ | 2,548 |
Schedule of Effective Income Tax Rate Reconciliation | The following table is a reconciliation of the statutory income tax rate to the Company’s effective income tax rate for the years ended December 31, 2023, 2022 and 2021:
| 2023 |  | 2022 |  | 2021
Statutory income tax rate | 21.0 | % |  | 21.0 | % |  | 21.0 | %
State income taxes, net of federal tax benefit | 3.7 |  |  | 3.2 |  |  | 4.1 |
Legal charges | — |  |  | 3.4 |  |  | — |
Basis difference upon disposition of subsidiary | — |  |  | 1.6 |  |  | — |
Prior year refunds and unrecognized tax benefits | — |  |  | (2.6) |  |  | (1.2) |
Other | 0.4 |  |  | (0.7) |  |  | 0.3 |
Effective income tax rate | 25.1 | % |  | 25.9 | % |  | 24.2 | %
Schedule of Deferred Tax Assets and Liabilities | The following table is a summary of the components of the Company’s deferred income tax assets and liabilities as of December 31, 2023 and 2022:
In millions | 2023 |  | 2022
Deferred income tax assets: |  |  |
Lease and rents | $ | 5,059 |  |  | $ | 5,242 |
Legal charges | 1,205 |  |  | 1,260 |
Inventory | 94 |  |  | 103 |
Employee benefits | 168 |  |  | 153 |
Bad debts and other allowances | 606 |  |  | 480 |
Net operating loss and capital loss carryforwards | 409 |  |  | 266 |
Deferred income | 62 |  |  | 66 |
Insurance reserves | 356 |  |  | 319 |
Investments | 56 |  |  | 293 |
Other | 372 |  |  | 335 |
Valuation allowance | (385) |  |  | (532) |
Total deferred income tax assets (1) | 8,002 |  |  | 7,985 |
Deferred income tax liabilities: |  |  |
Retirement benefits | 112 |  |  | 92 |
Lease and rents | 4,469 |  |  | 4,639 |
Depreciation and amortization | 7,732 |  |  | 7,139 |
Total deferred income tax liabilities | 12,313 |  |  | 11,870 |
Net deferred income tax liabilities | $ | 4,311 |  |  | $ | 3,885 |
_____________________________________________ (1)Includes deferred income tax assets of $131 million which were accounted for as assets held for sale and were included in assets held for sale on the consolidated balance sheet at December 31, 2022. See Note 2 ‘‘Acquisitions, Divestitures and Asset Sales’’ for additional information.
Schedule of Unrecognized Tax Benefits Rollforward | A reconciliation of the beginning and ending balance of unrecognized tax benefits in 2023, 2022 and 2021 is as follows:
In millions | 2023 |  | 2022 |  | 2021
Beginning balance | $ | 446 |  |  | $ | 782 |  |  | $ | 768 |
Additions based on tax positions related to the current year | 2 |  |  | 5 |  |  | 3 |
Additions based on tax positions related to prior years | 46 |  |  | 42 |  |  | 52 |
Reductions for tax positions of prior years | (24) |  |  | (166) |  |  | (33) |
Expiration of statutes of limitation | (34) |  |  | (4) |  |  | (1) |
Settlements | — |  |  | (213) |  |  | (7) |
Ending balance | $ | 436 |  |  | $ | 446 |  |  | $ | 782 |

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