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Income Taxes, Reconciliation (Details) - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
Reconciliation of the benefit from (provision for) income taxes [Abstract]        
Pre-Tax Net Book Income ("NBI") $ 1,410 $ 1,198 $ 4,217 $ 3,748
Texas Margin Tax [1] (10) (10) (29) (37)
State income tax provision, net of federal benefit 0 0 (1) (1)
Federal income tax provision computed by applying the federal statutory rate to NBI of corporate entities (4) (3) (11) (10)
Valuation allowance [2] (3) (3) (10) (9)
Other (1) 0 (3) 0
Total provision for income taxes $ (18) $ (16) $ (54) $ (57)
Effective income tax rate (1.30%) (1.30%) (1.30%) (1.50%)
[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.