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INCOME TAXES (Tables) | 12 Months Ended
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Dec. 31, 2024
Income Tax Disclosure [Abstract] |
Schedule of Domestic and Foreign Components of Income Before Income Taxes | The domestic and foreign components of income before income taxes were as follows:
|  | Year Ended December 31,
|  | 2024 |  | 2023 |  | 2022
|  | (In thousands)
Domestic operations |  | $ | 256,890 |  |  | $ | 1,214,888 |  |  | $ | 4,251,418 |
Foreign operations |  | 860,175 |  |  | 257,875 |  |  | (3,347,619) |
|  | $ | 1,117,065 |  |  | $ | 1,472,763 |  |  | $ | 903,799 |
Schedule of Components of the Provision for Income Taxes | The components of the provision for income taxes were as follows:
|  | Year Ended December 31,
|  | 2024 |  | 2023 |  | 2022
Federal: |  | (In thousands)
Current |  | $ | 126,933 |  |  | $ | 259,128 |  |  | $ | 206,426 |
Deferred (excluding separate components) |  | (22,919) |  |  | 48,363 |  |  | 678,371 |
Deferred – valuation allowance change |  | (9,506) |  |  | (153,768) |  |  | (5,346) |
Other noncurrent |  | 1,458 |  |  | (10,969) |  |  | (18,326) |
Provision for federal income taxes |  | 95,966 |  |  | 142,754 |  |  | 861,125 |
State: |  |  |  |  |  |
Current |  | 10,477 |  |  | 24,931 |  |  | 10,389 |
Deferred (excluding separate components) |  | (3,731) |  |  | (11,206) |  |  | 33,878 |
Deferred – operating loss carryforward |  | (880) |  |  | 12,219 |  |  | 15,442 |
Deferred – valuation allowance change |  | 3,177 |  |  | 2,140 |  |  | 2,345 |
Provision for state income taxes |  | 9,043 |  |  | 28,084 |  |  | 62,054 |
Foreign: |  |  |  |  |  |
Current |  | (2,363) |  |  | (223) |  |  | 2,259 |
Deferred (excluding separate components) |  | (4,250) |  |  | (5,611) |  |  | (311,614) |
Deferred – operating loss carryforward |  | (39,769) |  |  | 57,485 |  |  | (6,331) |
Deferred – valuation allowance change |  | (6,170) |  |  | (64,650) |  |  | 89,575 |
Benefit for foreign income taxes |  | (52,552) |  |  | (12,999) |  |  | (226,111) |
|  | $ | 52,457 |  |  | $ | 157,839 |  |  | $ | 697,068 |
Schedule of Reconciliation of the Federal Income Tax Statutory Rate and the Company's Effective Tax Rate | A reconciliation of the federal income tax statutory rate and the Company’s effective tax rate was as follows:
|  | Year Ended December 31,
|  | 2024 |  | 2023 |  | 2022
Federal income tax statutory rate |  | 21.0 | % |  | 21.0 | % |  | 21.0 | %
Noncontrolling interest |  | (0.2) |  |  | (0.1) |  |  | (2.4) |
Foreign income/losses taxed at other than U.S. statutory rate |  | (19.5) |  |  | (3.6) |  |  | 53.3 |
Federal valuation allowance |  | (0.9) |  |  | (10.4) |  |  | (0.6) |
State taxes, net |  | 0.6 |  |  | 1.5 |  |  | 5.5 |
General business credits |  | (1.5) |  |  | (1.2) |  |  | (1.5) |
Incremental U.S. tax on foreign earnings |  | 4.5 |  |  | 2.4 |  |  | — |
Permanent and other items |  | 0.7 |  |  | 1.1 |  |  | 1.8 |
|  | 4.7 | % |  | 10.7 | % |  | 77.1 | %
Schedule of Tax-Effected Components of the Company's Net Deferred Tax Liability | The tax-effected components of the Company’s net deferred tax liability were as follows:
|  | December 31,
|  | 2024 |  | 2023
Deferred tax assets – federal and state: |  | (In thousands)
Net operating loss carryforward |  | $ | 14,193 |  |  | $ | 13,498 |
Accruals, reserves and other |  | 66,328 |  |  | 52,854 |
Lease liabilities |  | 5,750,744 |  |  | 5,703,953 |
Tax credits |  | 1,008,363 |  |  | 1,788,001 |
|  | 6,839,628 |  |  | 7,558,306 |
Less: Valuation allowance |  | (867,416) |  |  | (1,598,291) |
|  | 5,972,212 |  |  | 5,960,015 |
Deferred tax assets – foreign: |  |  |  |
Net operating loss carryforward |  | 180,970 |  |  | 141,201 |
Accruals, reserves and other |  | 6,673 |  |  | 9,266 |
Property and equipment |  | 37,832 |  |  | 33,944 |
Lease liabilities |  | 1,488 |  |  | 1,270 |
|  | 226,963 |  |  | 185,681 |
Less: Valuation allowance |  | (173,984) |  |  | (180,155) |
|  | 52,979 |  |  | 5,526 |
Total deferred tax assets |  | $ | 6,025,191 |  |  | $ | 5,965,541 |
Deferred tax liabilities – federal and state: |  |  |  |
Property and equipment |  | $ | (438,455) |  |  | $ | (389,854) |
Investments in unconsolidated affiliates |  | (583,865) |  |  | (584,448) |
Investment in equity securities |  | (2,232,601) |  |  | (2,234,754) |
ROU assets |  | (5,283,821) |  |  | (5,390,561) |
Intangibles |  | (237,107) |  |  | (197,893) |
|  | (8,775,849) |  |  | (8,797,510) |
Deferred tax liabilities – foreign: |  |  |  |
Intangibles |  | (21,414) |  |  | (29,028) |
|  | (21,414) |  |  | (29,028) |
Total deferred tax liability |  | (8,797,263) |  |  | (8,826,538) |
Net deferred tax liability |  | $ | (2,772,072) |  |  | $ | (2,860,997) |
Schedule of Income Tax Valuation Allowance | Deferred income tax valuation allowance consisted of the following:
|  | Balance at Beginning of Period |  | Increase |  | Decrease |  | Balance at End of Period
Deferred income tax valuation allowance: |  | (In thousands)
Year Ended December 31, 2024 |  | $ | 1,778,446 |  |  | $ | — |  |  | $ | (737,046) |  |  | $ | 1,041,400 |
Year Ended December 31, 2023 |  | 2,886,575 |  |  | — |  |  | (1,108,129) |  |  | 1,778,446 |
Year Ended December 31, 2022 |  | 2,884,262 |  |  | 2,313 |  |  | — |  |  | 2,886,575 |

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