XML 37 R23.htm IDEA: XBRL DOCUMENT
v3.23.1

INCOME TAXES (Tables) | 3 Months Ended
--- | ---
Mar. 31, 2023
Income Tax Disclosure [Abstract] |
Schedule of Effective Income Tax Rate Reconciliation | The following tables reconcile the effective tax rate to the federal income tax statutory rate for the three months ended March 31, 2023 and 2022:
|  | For the Three Months |  |
|  | Ended March 31, |  |
Reconciliation of federal income tax expense: |  | 2023 |  | 2022 |  |  |
|  | (In millions)
Income before income taxes |  | $ | 400 |  |  | $ | 371 |  |  |  |
Federal income tax expense at statutory rate (21%) |  | $ | 84 |  |  | $ | 78 |  |  |  |
Increases (reductions) in tax expense resulting from: |  |  |  |  |  |  |
State income taxes, net of federal tax benefit |  | 14 |  |  | 26 |  |  |  |
AFUDC equity and other flow-through |  | (5) |  |  | (8) |  |  |  |
Excess deferred tax amortization due to the Tax Act |  | (16) |  |  | (15) |  |  |  |
Valuation allowances |  | 9 |  |  | 34 |  |  |  |
Remeasurement of state deferred taxes |  | — |  |  | (26) |  |  |  |
Other, net |  | 4 |  |  | (6) |  |  |  |
Total income taxes |  | $ | 90 |  |  | $ | 83 |  |  |  |
Effective income tax rate |  | 22.5 | % |  | 22.4 | % |  |  |

X
- References No definition available. + Details
Name: | us-gaap_IncomeTaxDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition 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. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 12 -URI https://asc.fasb.org/extlink&oid=121826272&loc=d3e32687-109319 + Details
Name: | us-gaap_ScheduleOfEffectiveIncomeTaxRateReconciliationTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration