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Income Taxes (Notes) | 12 Months Ended
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Dec. 31, 2024
Income Tax Disclosure [Abstract] |
Income Tax Disclosure [Text Block] |
7. | Income Taxes
Deferred taxes reflect the net tax effects of temporary differences between the carrying amounts of assets and liabilities used for financial reporting purposes and the amounts used for income tax purposes. Significant components of the net deferred tax assets as reflected on the Consolidated Balance Sheets are as follows:
| December 31,
(in millions) | 2024 | 2023
Deferred tax liabilities |  |
Prepaid assets | $ | (4) |  | $ | (4) |
Depreciation | (5) |  | (6) |
Tenant improvements | (3) |  | (3) |
Right-of-use leased assets | (19) |  | (17) |
Intangibles | (3) |  | (3) |
Total deferred tax liabilities | (34) |  | (33) |
Deferred tax assets |  |
Accrued incentive compensation | 12 |  | 9 |
Workers’ compensation accruals | 4 |  | 5 |
Accrued rent | 2 |  | 2 |
Software development costs | 13 |  | 4 |
Stock-based compensation | 15 |  | 14 |
Operating lease liabilities | 22 |  | 20 |
Other | 1 |  | — |
Total deferred tax assets | 69 |  | 54 |
Valuation allowance | (1) |  | (1) |
Total net deferred tax assets | 68 |  | 53 |
Net deferred tax assets | $ | 34 |  | $ | 20 |
The components of income tax expense are as follows:
| Year Ended December 31,
(in millions) | 2024 | 2023 | 2022
Current income tax expense |  |  |
Federal | $ | 41 |  | $ | 49 |  | $ | 62 |
State | 8 |  | 9 |  | 15 |
Total current income tax expense | 49 |  | 58 |  | 77 |
Deferred income tax benefit |  |  |
Federal | (11) |  | (3) |  | (9) |
State | (3) |  | (1) |  | (2) |
Total deferred income tax benefit | (14) |  | (4) |  | (11) |
Total income tax expense | $ | 35 |  | $ | 54 |  | $ | 66 |
The reconciliation of income tax expense computed at U.S. federal statutory tax rates to the reported income tax expense from continuing operations is as follows:
| Year Ended December 31,
(in millions) | 2024 | 2023 | 2022
Expected income tax expense at 21% | $ | 26 |  | $ | 47 |  | $ | 52 |
State income taxes, net of federal benefit | 4 |  | 7 |  | 10 |
Nondeductible expenses | 5 |  | 5 |  | 4 |
Equity compensation, net | 1 |  | (4) |  | 1 |
Research and development credit | (1) |  | (1) |  | (1) |
Reported total income tax expense | $ | 35 |  | $ | 54 |  | $ | 66 |
At December 31, 2024, we had net operating loss carryforwards totaling $1 million that expire from 2026 to 2030 related to an acquisition that occurred in 2010. We recognize interest and penalties related to uncertain tax positions in income tax expense. As of December 31, 2024, 2023 and 2022, we had no uncertain tax positions, and as a result, have made no provisions for interest or penalties related to uncertain tax positions. The tax years 2021 through 2023 remain open to examination by the Internal Revenue Service of the United States. The tax years 2020 through 2023 remain open to examination by various state tax authorities.

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