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Income Taxes, Reconciliation (Details) - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
Reconciliation of the benefit from (provision for) income taxes [Abstract]        
Pre-Tax Net Book Income ("NBI") $ 1,457 $ 1,177 $ 2,807 $ 2,550
Texas Margin Tax [1] (7) (24) (19) (27)
State income tax provision, net of federal benefit (1) 0 (1) (1)
Federal income tax provision computed by applying the federal statutory rate to NBI of corporate entities (4) (4) (7) (7)
Valuation allowance [2] (3) (3) (7) (6)
Other (2) 0 (2) 0
Total provision for income taxes $ (17) $ (31) $ (36) $ (41)
Effective income tax rate (1.20%) (2.60%) (1.30%) (1.60%)
[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] 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.