XML 54 R41.htm IDEA: XBRL DOCUMENT v3.24.1.u1
INCOME TAXES - Schedule of Effective Income Tax Rate Reconciliation (Details) - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Income Tax Disclosure [Abstract]    
Income before income taxes $ 402 $ 400
Federal income tax expense at statutory rate (21%) 84 84
Increases (reductions) in tax expense resulting from:    
State and municipal income taxes, net of federal tax benefit 23 14
AFUDC equity and other flow-through (7) (5)
Deferred taxes related to sale of equity interest in FET, net 7 0
Excess deferred tax amortization due to the Tax Act (13) (16)
Valuation allowances 39 9
Other, net 2 4
Total income taxes $ 135 $ 90
Effective income tax rate 33.60% 22.50%