INCOME TAXES (Tables)

3 Months Ended

Mar. 31, 2023

Income Tax Disclosure [Abstract]

Schedule of Components of Income Tax Expense (Benefit)

Federal and state income tax expense and the statutory tax rate and the actual effective tax rate consist of the following:

TABLE 14.1

	Three Months Ended March 31,
(dollars in millions)	2023			2022
Current income taxes:
Federal taxes	$	31		$	7
State taxes	2			2
Total current income taxes	33			9
Deferred income taxes:
Federal taxes	2			5
Total deferred income taxes	2			5
Total income taxes	$	35		$	14
Statutory federal tax rate	21.0		%	21.0		%
Effective tax rate	19.5			20.9