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Income Taxes
6 Months Ended
Jun. 30, 2026
Income Tax Disclosure [Abstract]  
Income Taxes Income Taxes
Income tax expense was $99 million and $94 million for the three months ended June 30, 2026 and 2025, respectively. The effective income tax rate was 26.4% and 25.7% for the three months ended June 30, 2026 and 2025, respectively.
Income tax expense was $182 million and $173 million for the six months ended June 30, 2026 and 2025, respectively. The effective income tax rate was 26.3% and 25.8% for the six months ended June 30, 2026 and 2025, respectively.
The effective income tax rate for the three months ended June 30, 2026 differed from the US federal statutory rate of 21.0% primarily due to state and local income taxes. The effective income tax rate for the six months ended June 30, 2026 differed from the US federal statutory rate of 21.0% primarily due to state and local income taxes and tax shortfalls on equity-based compensation, partially offset by tax credits. The effective income tax rate for the three and six months ended June 30, 2025 differed from the US federal statutory rate of 21.0% primarily due to state and local income taxes, partially offset by excess tax benefits on equity-based compensation.