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Income Taxes, Reconciliation (Details) - USD ($)
$ in Millions
3 Months Ended 4 Months Ended 6 Months Ended
Mar. 05, 2020
Jun. 30, 2021
Jun. 30, 2020
Jun. 30, 2020
Jun. 30, 2021
Jun. 30, 2020
Reconciliation of the benefit from (provision for) income taxes [Abstract]            
Pre-Tax Net Book Income ("NBI")   $ 1,177.2 $ 1,120.5   $ 2,549.8 $ 2,316.3
Texas Margin Tax [1]   (24.1) (7.0)   (27.4) (14.7)
State income tax benefit (provision), net of federal benefit [2]   (0.3) (3.2)   (0.9) 8.1
Federal income tax benefit (provision) computed by applying the federal statutory rate to NBI of corporate entities   (3.4) (49.5)   (6.5) 58.3
Federal benefit attributable to settlement of Liquidity Option Agreement [2]   0.0 0.0   0.0 67.8
Valuation allowance on deferred tax assets [3]   (3.4) 0.0   (6.2) 0.0
Other   0.0 0.0   (0.2) 0.0
Total benefit from (provision for) income taxes   $ (31.2) $ (59.7)   $ (41.2) $ 119.5
Effective income tax rate   (2.70%) (5.30%)   (1.60%) 5.20%
OTA Holdings, Inc. [Member]            
Reconciliation of the benefit from (provision for) income taxes [Abstract]            
Total benefit from (provision for) income taxes $ 72.2 $ (7.0) $ (50.5) $ 64.5 $ (13.3) $ 136.7
[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 on March 5, 2020 from settlement of the Liquidity Option 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; therefore, we have provided for a valuation allowance.