XML 48 R28.htm IDEA: XBRL DOCUMENT v3.24.3

INCOME TAXES (Tables)

9 Months Ended

Sep. 30, 2024

Income Tax Disclosure [Abstract]

Schedule of Effective Income Tax Rate Reconciliation

The following tables reconcile the effective income tax rate to the federal income tax statutory rate for the three and nine months ended September 30, 2024 and 2023:

						For the Three Months Ended September 30,												For the Nine Months Ended September 30,
						2024						2023						2024						2023
						(In millions)
Income before income taxes						$	560					$	470					$	1,125					$	1,198
Federal income tax expense at statutory rate (21%)						$	118					$	99					$	236					$	252
Increases (reductions) in tax expense resulting from:
State and municipal income taxes, net of federal tax benefit						33						25						76						49
AFUDC equity and other flow-through						(6)						(15)						(19)						(25)
Deductions associated with certain equity method investments						(14)						—						(14)						—
Deferred taxes related to sale of equity interest in FET, net						—						—						7						—
Excess deferred tax amortization due to the Tax Act						(13)						2						(40)						(30)
Federal tax credits claimed						—						(2)						—						(2)
Nondeductible SEC and OOCIC settlements						—						—						27						—
Remeasurement of excess deferred taxes						(21)						—						(21)						—
Uncertain tax positions						—						50						—						50
Valuation allowances						(3)						(122)						33						(113)
Other, net						—						(8)						9						12
Total income taxes						$	94					$	29					$	294					$	193
Effective income tax rate						16.8		%				6.2		%				26.1		%				16.1		%

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://www.xbrl.org/2003/role/exampleRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 231
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482663/740-10-55-231

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 12A
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482685/740-10-50-12A

Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 12
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482685/740-10-50-12

+ Details

Name:	us-gaap_ScheduleOfEffectiveIncomeTaxRateReconciliationTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration