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Income Taxes (Tables)

12 Months Ended

Dec. 31, 2024

Income Tax Disclosure [Abstract]

Schedule of Income Tax Expense (Benefit)

Income tax expense (benefit) attributable to continuing operations for the years ended December 31, 2024, 2023 and 2022, consists of the following (in millions):

			2024						2023						2022
Current provision (benefit):
Federal			$	357					$	235					$	458
State			103						96						130
Foreign			109						96						84
Total current provision			$	569					$	427					$	672
Deferred provision (benefit):
Federal			$	(183)					$	(193)					$	(319)
State			(41)						(73)						(54)
Foreign			17						(4)						15
Total deferred provision			(207)						(270)						(358)
Total provision for income taxes			$	362					$	157					$	314

Total income tax expense (benefit) attributable to continuing and discontinued operations for the years ended December 31, 2024, 2023 and 2022, is allocated as follows (in millions):

			2024						2023						2022
Tax expense (benefit) per statements of earnings (loss)			$	362					$	157					$	314
Tax expense (benefit) on income from discontinued operations			(1,062)						(301)						52
Change in fair value of net investment hedges			91						(176)						361
Foreign currency translation adjustments			—						40						(360)
Share of equity method investment			(11)						—						—
Other components of other comprehensive earnings (loss)			8						20						3
Total income tax expense (benefit) allocated to other comprehensive earnings			88						(116)						4
Total income tax expense (benefit)			$	(612)					$	(260)					$	370

Schedule of Pre-tax Income from Continuing Operations

The provision for income taxes is based on pre-tax income from continuing operations, which is as follows for the years ended December 31, 2024, 2023 and 2022 (in millions):

			2024						2023						2022
United States			$	920					$	330					$	718
Foreign			377						332						180
Total			$	1,297					$	662					$	898

Schedule of Effective Income Tax Rate Reconciliation

A reconciliation of the federal statutory income tax rate to the Company's effective income tax rate for the years ended December 31, 2024, 2023 and 2022, is as follows:

			2024						2023						2022
Federal statutory income tax rate			21.0		%				21.0		%				21.0		%
State income taxes			4.7						5.7						6.5
Federal benefit of state taxes			(1.0)						(1.0)						(1.3)
Foreign rate differential			1.1						0.8						2.9
Withholding on actual and estimated remittances			2.4						2.4						1.2
Tax loss (benefit) from stock-based compensation			0.7						2.3						4.0
U.K. tax rate adjustment			—						(0.1)						0.3
Non-deductible executive compensation			0.6						0.6						0.3
Foreign-derived intangible income deduction			(2.3)						(4.4)						(2.4)
U.S. tax on foreign earnings			1.4						1.0						0.4
Research and development credit			(1.1)						(1.8)						—
Unrecognized tax benefits			(0.3)						(0.4)						(0.4)
Return to provision			—						(1.7)						—
Other			0.7						(0.6)						2.5
Effective income tax rate			27.9		%				23.8		%				35.0		%

Schedule of Deferred Income Tax Assets and Liabilities

The significant components of deferred income tax assets and liabilities as of December 31, 2024 and 2023, consist of the following (in millions):

			2024						2023
Deferred income tax assets:
Net operating loss carryforwards			$	364					$	219
Capital loss carryforwards			220						—
Employee benefit accruals			115						105
Outside basis difference			—						919
Other deferred tax assets			170						95
Total gross deferred income tax assets			869						1,338
Less valuation allowance			(505)						(1,055)
Total deferred income tax assets			364						283
Deferred income tax liabilities:
Equity method investments			(15)						—
Amortization of goodwill and intangible assets			(707)						(2,066)
Deferred contract costs			(259)						(245)
Other deferred tax liabilities			(232)						(121)
Total deferred income tax liabilities			(1,213)						(2,432)
Net deferred income tax liability			$	(849)					$	(2,149)

Deferred income taxes are classified in the consolidated balance sheets as of December 31, 2024 and 2023, as follows (in millions):

			2024						2023
Noncurrent deferred income tax assets (included in Other noncurrent assets)			$	14					$	30
Noncurrent deferred income tax liabilities			(863)						(2,179)
Net deferred income tax liability			$	(849)					$	(2,149)

Schedule of Unrecognized Tax Benefits Roll Forward

The following table reconciles the gross amounts of unrecognized tax benefits at the beginning and end of the period (in millions):

			Gross Amount
Amounts of unrecognized tax benefits as of December 31, 2022			$	48
Amount of decreases due to lapse of the applicable statute of limitations			(5)
Amount of decreases due to settlements			(8)
Increases as a result of tax positions taken in the prior period			4
Increases as a result of tax positions taken in the current period			2
Amount of unrecognized tax benefit as of December 31, 2023			41
Amount of decreases due to lapse of the applicable statute of limitations			(6)
Amount of decreases due to settlements			4
Increases as a result of tax positions taken in prior period			4
Increases as a result of tax positions taken in the current period			6
Amount of unrecognized tax benefit as of December 31, 2024			$	49

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Tabular disclosure of the components of income tax expense attributable to continuing operations for each year presented including, but not limited to: current tax expense (benefit), deferred tax expense (benefit), investment tax credits, government grants, the benefits of operating loss carryforwards, tax expense that results from allocating certain tax benefits either directly to contributed capital or to reduce goodwill or other noncurrent intangible assets of an acquired entity, adjustments of a deferred tax liability or asset for enacted changes in tax laws or rates or a change in the tax status of the entity, and adjustments of the beginning-of-the-year balances of a valuation allowance because of a change in circumstances that causes a change in judgment about the realizability of the related deferred tax asset in future years.

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Tabular disclosure of the components of net deferred tax asset or liability recognized in an entity's statement of financial position, including the following: the total of all deferred tax liabilities, the total of all deferred tax assets, the total valuation allowance recognized for deferred tax assets.

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Tabular disclosure of the reconciliation using percentage or dollar amounts of the reported amount of income tax expense attributable to continuing operations for the year to the amount of income tax expense that would result from applying domestic federal statutory tax rates to pretax income from continuing operations.

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