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INCOME TAXES (Tables)

12 Months Ended

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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Tabular disclosure of the components of income tax expense attributable to continuing operations for each year presented including, but not limited to: current tax expense (benefit), deferred tax expense (benefit), investment tax credits, government grants, the benefits of operating loss carryforwards, tax expense that results from allocating certain tax benefits either directly to contributed capital or to reduce goodwill or other noncurrent intangible assets of an acquired entity, adjustments of a deferred tax liability or asset for enacted changes in tax laws or rates or a change in the tax status of the entity, and adjustments of the beginning-of-the-year balances of a valuation allowance because of a change in circumstances that causes a change in judgment about the realizability of the related deferred tax asset in future years.

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Tabular disclosure of the components of net deferred tax asset or liability recognized in an entity's statement of financial position, including the following: the total of all deferred tax liabilities, the total of all deferred tax assets, the total valuation allowance recognized for deferred tax assets.

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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.

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Tabular disclosure of income before income tax between domestic and foreign jurisdictions.

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Tabular disclosure of valuation allowances to reduce deferred tax assets to net realizable value, including identification of the deferred tax asset more likely than not will not be fully realized and the corresponding amount of the valuation allowance.

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