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Income Taxes (Tables)
 12 Months Ended
Dec. 31, 2025
Income Tax Disclosure [Abstract]  
Schedule of components of earnings before income taxes and equity in earnings of non-operating affiliates
The components of earnings before income taxes and the components of our income tax provision are as follows:
 Year ended December 31,
 202520242023
 (in millions)
Domestic$2,031 $1,533 $2,248 
Non-U.S. 208 229 — 
Earnings before income taxes$2,239 $1,762 $2,248 
Schedule of components of Income tax provision
Current   
Federal$328 $312 $271 
Foreign61 42 (26)
State46 46 84 
435 400 329 
Deferred   
Federal15 (89)108 
Foreign(9)3 (5)
State— (29)(22)
6 (115)81 
Income tax provision$441 $285 $410 
Summary of differences in expected income tax provision based on statutory rates applied to earnings before income taxes and income tax provision reflected in the consolidated statements of operations
Differences in the expected income tax provision based on statutory rates applied to earnings before income taxes and the income tax provision reflected in the consolidated statements of operations are summarized below.
 Year ended December 31,
 202520242023
 (in millions, except percentages)
Earnings before income taxes$2,239 $1,762 $2,248  
Expected tax provision at U.S. statutory rate of 21%$470 21.0 %$370 21.0 %$472 21.0 %
Domestic federal reconciling items:
Tax credits(6)(0.3)%(3)(0.2)%(16)(0.7)%
Nontaxable or nondeductible items:
Net earnings attributable to noncontrolling interests(72)(3.2)%(54)(3.1)%(66)(2.9)%
Other(1)— %6 0.3 %(3)(0.1)%
Effect of cross-border tax laws1 — %1 0.1 %3 0.1 %
Changes in valuation allowances4 0.2 %2 0.1 %10 0.4 %
Other:
Foreign-derived intangible income deduction(27)(1.2)%(27)(1.5)%(20)(0.9)%
Other2 0.1 %1 0.1 %1 0.1 %
State and local income tax, net of federal income tax effect(1)
35 1.6 %10 0.6 %53 2.4 %
Foreign tax effects14 0.6 %(5)(0.3)%(13)(0.6)%
Changes in unrecognized tax benefits21 0.9 %(16)(0.9)%(11)(0.5)%
Income tax provision$441 $285 $410 
Effective tax rate19.7 %16.2 %18.3 %
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(1)In both 2025 and 2024, state and local income taxes in Illinois, Iowa, Louisiana, and Minnesota comprise the majority of the state and local income tax, net of federal income tax effect category. In 2023, state and local income taxes in Illinois, Iowa and Minnesota comprise the majority of the state and local income tax, net of federal income tax effect category.
Schedule of deferred tax assets and deferred tax liabilities
Deferred tax assets and deferred tax liabilities are as follows:
 December 31,
 20252024
 (in millions)
Deferred tax assets:  
Net operating loss and capital loss carryforwards, state$54 $56 
Net operating loss and capital loss carryforwards, foreign56 49 
Retirement and other employee benefits8 2 
Foreign tax credits61 57 
State tax credits14 11 
Operating lease liabilities100 66 
Other46 34 
339 275 
Valuation allowance(118)(107)
221 168 
Deferred tax liabilities:
Depreciation and amortization(291)(273)
Investments in partnerships(647)(659)
Operating lease right-of-use assets(98)(63)
Foreign earnings(21)(14)
Other(33)(30)
(1,090)(1,039)
Net deferred tax liability$(869)$(871)
Schedule of Unrecognized Tax Benefits Roll Forward
A reconciliation of the beginning and ending amount of unrecognized tax benefits is as follows:
 December 31,
 20252024
 (in millions)
Unrecognized tax benefits:
Balance as of January 1$230 $222 
Additions for tax positions taken during the current year8 1 
Additions for tax positions taken during prior years53 7 
Reductions related to lapsed statutes of limitations— — 
Reductions related to settlements with tax jurisdictions(3)— 
Balance as of December 31$288 $230