XML 77 R66.htm IDEA: XBRL DOCUMENT v3.20.2
Income Taxes (Details) - USD ($)
$ / shares in Units, $ in Millions
3 Months Ended 7 Months Ended 9 Months Ended
Mar. 05, 2020
Sep. 30, 2020
Sep. 30, 2019
Sep. 30, 2020
Sep. 30, 2020
Sep. 30, 2019
Dec. 31, 2019
OTA Deferred Tax Liability:              
Liquidity Option liability $ 511.9            
Series A cumulative convertible preferred units (in dollars per unit)   $ 1,000   $ 1,000 $ 1,000    
Current portion of income tax benefit (provision):              
Federal   $ 5.3 $ 0.4   $ 3.0 $ (0.1)  
State   (4.7) (9.1)   (13.4) (25.6)  
Foreign   0.2 0.0   0.0 (0.8)  
Total current portion   0.8 (8.7)   (10.4) (26.5)  
Deferred portion of income tax benefit (provision):              
Federal 67.8 18.7 (0.3)   145.1 (0.2)  
State 4.4 (0.4) (6.4)   3.9 (10.9)  
Foreign   0.0 0.0   0.0 0.2  
Total deferred portion   18.3 (6.7)   149.0 (10.9)  
Total benefit from (provision for) income taxes   19.1 $ (15.4)   138.6 $ (37.4)  
Deferred tax liabilities:              
Attributable to investment in OTA   353.9   $ 353.9 353.9    
Attributable to property, plant and equipment   107.9   107.9 107.9   $ 100.2
Attributable to investments in other entities   4.2   4.2 4.2   3.3
Total deferred tax liabilities   466.0   466.0 466.0   103.5
Less: deferred tax assets:              
Net operating loss carryovers [1]   0.1   0.1 0.1   0.1
Temporary differences related to Texas Margin Tax   2.6   2.6 2.6   3.0
Total deferred tax assets   2.7   2.7 2.7   3.1
Total net deferred tax liabilities   463.3   463.3 463.3   $ 100.4
OTA Holdings, Inc. [Member]              
Deferred portion of income tax benefit (provision):              
Total benefit from (provision for) income taxes 72.2 $ 21.3   $ 85.8 $ 158.0    
Deferred tax liabilities:              
Total deferred tax liabilities $ 439.7            
[1]
These losses expire in various years between 2020 and 2037 and are subject to limitations on their utilization.