XML 88 R76.htm IDEA: XBRL DOCUMENT v3.21.1
Income Taxes (Details) - USD ($)
$ in Millions
1 Months Ended 3 Months Ended
Mar. 05, 2020
Mar. 31, 2020
Mar. 31, 2021
Mar. 31, 2020
Dec. 31, 2020
OTA Deferred Tax Liability:          
Liquidity Option liability $ 511.9        
Current portion of income tax benefit (provision):          
Federal     $ 0.8 $ (0.1)  
State     (5.1) (4.6)  
Foreign     (1.1) (0.2)  
Total current portion     (5.4) (4.9)  
Deferred portion of income tax benefit (provision):          
Federal 67.8   (5.9) 172.8  
State 4.4   1.3 11.3  
Total deferred portion     (4.6) 184.1  
Total benefit from (provision for) income taxes     (10.0) 179.2  
Deferred tax liabilities:          
Attributable to investment in OTA     362.9   $ 356.6
Attributable to property, plant and equipment     105.2   106.4
Attributable to investments in other entities     4.0   4.1
Other     13.5   0.0
Total deferred tax liabilities     485.6   467.1
Less: deferred tax assets:          
Net operating loss carryovers [1]     2.9   0.1
Temporary differences related to Texas Margin Tax     2.7   2.3
Total deferred tax assets     5.6   2.4
Total net deferred tax liabilities before valuation allowance     480.0   464.7
Less: Valuation allowance on deferred tax assets     2.8   0.0
Total net deferred tax liabilities     482.8   $ 464.7
Net operating loss carryover subject to expiration     0.1    
Net operating loss carryover not subject to expiration     2.8    
OTA Holdings, Inc. [Member]          
Deferred portion of income tax benefit (provision):          
Total benefit from (provision for) income taxes 72.2 $ 115.0 $ (6.3) $ 187.2  
Deferred tax liabilities:          
Total deferred tax liabilities $ 439.7        
[1]
Of the loss amount presented for March 31, 2021, $0.1 million expires in various years between 2021 and 2037.  The remaining $2.8 million has an indefinite carryover period.  All losses are subject to limitations on their utilization.