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Income Taxes (Tables)

12 Months Ended

Dec. 31, 2024

Income Tax Disclosure [Abstract]

Schedule of Income Before Income Taxes

Income before income taxes from continuing operations consisted of the following: 

			Year ended December 31,
			2024						2023						2022
Domestic			$	1,374,571					$	1,100,420					$	926,604
International			155,822						76,674						39,674
			$	1,530,393					$	1,177,094					$	966,278

Components of Income Tax Expense (Benefit)

Income tax expense for continuing operations consisted of the following:

			Year ended December 31,
			2024						2023						2022
Current:
Federal			$	253,504					$	200,070					$	201,932
State			52,410						38,370						55,593
International			31,532						21,008						16,253
Total current income tax			337,446						259,448						273,778
Deferred:
Federal			(47,715)						(40,234)						(66,400)
State			(2,855)						367						(12,289)
International			(7,220)						535						2,998
Total deferred income tax			(57,790)						(39,332)						(75,691)
			$	279,656					$	220,116					$	198,087

Reconciliation between U.S. Federal Income Tax Rate and Effective Tax Rate

The reconciliation between the Company’s effective tax rate from continuing operations and the U.S. federal income tax rate is as follows:

			Year ended December 31,
			2024						2023						2022
Federal income tax rate			21.0		%				21.0		%				21.0		%
State income taxes, net of federal benefit			3.4						2.6						3.8
Equity compensation			(1.1)						(1.1)						(1.6)
Nondeductible executive compensation			0.7						1.2						1.1
Political advocacy costs			0.3						0.2						2.2
Unrecognized tax benefits			(0.5)						(1.1)						(1.1)
Change in international valuation allowance			0.1						0.8						1.2
Credits			(1.2)						(1.2)						(1.2)
Other			0.3						1.9						1.1
Impact of noncontrolling interests primarily  attributable to non-tax paying entities			(4.7)						(5.6)						(6.0)
Effective tax rate			18.3		%				18.7		%				20.5		%

Deferred Tax Assets and Liabilities Arising from Temporary Differences

Deferred tax assets and liabilities arising from temporary differences for continuing operations were as follows:

			December 31,
			2024						2023
Receivables			$	37,630					$	23,075
Accrued liabilities			74,419						81,281
Operating lease liabilities			508,729						533,859
Net operating loss carryforwards			161,371						183,216
Investments in partnerships			4,108						—
Other			54,600						52,142
Deferred tax assets			840,857						873,573
Valuation allowance			(107,952)						(113,237)
Net deferred tax assets			732,905						760,336
Intangible assets			(757,797)						(731,024)
Property and equipment			(63,726)						(127,191)
Operating lease assets			(464,455)						(486,864)
Investments in partnerships			—						(19,119)
Other			(66,035)						(87,918)
Deferred tax liabilities			(1,352,013)						(1,452,116)
Net deferred tax liabilities			$	(619,108)					$	(691,780)
Reported as:
Deferred tax liabilities			$	(665,361)					$	(726,217)
Deferred tax assets (included in Other long-term assets)			46,253						34,437
			$	(619,108)					$	(691,780)

Schedule of Unrecognized Tax Benefits Roll Forward

A reconciliation of the beginning and ending liability for unrecognized tax benefits that do not meet the more-likely-than-not threshold is as follows:

			Year ended December 31,
			2024						2023
Beginning balance			$	47,379					$	63,985
Additions for tax positions related to current year			3,866						4,088
Adjustments for tax positions related to prior years			(1,452)						(7,273)
Reductions related to lapse of applicable statute			(8,309)						(5,428)
Reductions related to settlements with taxing authorities			—						(7,993)
Ending balance			$	41,484					$	47,379

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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.

+ References

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-Topic 740
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-Section 50
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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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