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Income Taxes, Reconciliation (Details) - USD ($)
$ in Millions
1 Months Ended 3 Months Ended
Mar. 05, 2020
Mar. 31, 2020
Mar. 31, 2021
Mar. 31, 2020
Reconciliation of the benefit from (provision for) income taxes [Abstract]        
Pre-Tax Net Book Income ("NBI")     $ 1,372.6 $ 1,195.8
Texas Margin Tax [1]     (3.3) (7.7)
State income tax benefit (provision), net of federal benefit [2]     (0.6) 11.3
Federal income tax benefit (provision) computed by applying the federal statutory rate to NBI of corporate entities     (3.1) 107.8
Federal benefit attributable to settlement of Liquidity Option Agreement [2]     0.0 67.8
Valuation allowance on deferred tax assets [3]     (2.8) 0.0
Other     (0.2) 0.0
Total benefit from (provision for) income taxes     $ (10.0) $ 179.2
Effective income tax rate     (0.70%) 15.00%
OTA Holdings, Inc. [Member]        
Reconciliation of the benefit from (provision for) income taxes [Abstract]        
Total benefit from (provision for) income taxes $ 72.2 $ 115.0 $ (6.3) $ 187.2
[1]
Although the Texas Margin Tax is not considered a state income tax, it has the characteristics of an income tax since it is determined by applying a tax rate to a base that considers our Texas-sourced revenues and expenses.
[2]
The total benefit recognized in income tax expense in March 2020 from settlement of the Liquidity Option Agreement was $72.2 million, which is comprised of $4.4 million of state income tax benefit and $67.8 million of federal income tax benefit.
[3] Management believes that it is more likely than not that the net deferred tax assets attributable to OTA will not be fully realizable.  Accordingly, we provided for a valuation allowance against OTA’s net deferred tax assets at March 31, 2021.