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Provision (Benefit) for Income Taxes
9 Months Ended
Sep. 30, 2024
Income Tax Disclosure [Abstract]  
Provision (Benefit) for Income Taxes [Text Block]
Note 5 – Provision (Benefit) for Income Taxes
The Provision (benefit) for income taxes from continuing operations includes:
Three Months Ended  
September 30,
Nine Months Ended  
September 30,
2024202320242023
(Millions)
Current:
Federal$11 $10 $65 $10 
State17 11 
18 17 82 21 
Deferred:
Federal178 169 395 555 
State31 (10)72 59 
209 159 467 614 
Provision (benefit) for income taxes$227 $176 $549 $635 
The effective income tax rates for the total provision (benefit) for the three and nine months ended September 30, 2024 are greater than the federal statutory rate, primarily due to the effect of state income taxes.
The effective income tax rate for the total provision (benefit) for the three months ended September 30, 2023 is less than the federal statutory rate, primarily due to a decrease in our estimate of the deferred state income tax rate.
The effective income tax rate for the total provision (benefit) for the nine months ended September 30, 2023 is greater than the federal statutory rate, primarily due to the effect of state income taxes.