XML 57 R39.htm IDEA: XBRL DOCUMENT v3.23.3
INCOME TAXES - Schedule of Effective Income Tax Rate Reconciliation (Details) - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Sep. 30, 2023
Sep. 30, 2022
Income Tax Disclosure [Abstract]        
Income before income taxes (continuing operations) $ 470 $ 449 $ 1,198 $ 1,061
Federal income tax expense at statutory rate (21%) 99 94 252 223
Increases (reductions) in tax expense resulting from:        
State income taxes, net of federal tax benefit 25 25 49 68
AFUDC equity and other flow-through (15) (8) (25) (23)
Excess deferred tax amortization due to the Tax Act 2 (15) (30) (46)
Federal tax credits claimed (2) (3) (2) (3)
Valuation allowances (122) (8) (113) 26
Remeasurement of state deferred taxes due to law changes 0 4 0 (22)
Uncertain tax positions 50 2 50 2
Other, net (8) 14 12 12
Total income taxes (continuing operations) $ 29 $ 105 $ 193 $ 237
Effective income tax rate (continuing operations) 6.00% 23.40% 16.10% 22.30%