INCOME TAXES (Tables)

12 Months Ended

Dec. 31, 2023

Income Taxes

Schedule of components of income from continuing operations before income taxes

	For the Year Ended
	December 31,
	2023		2022		2021
Domestic	$	2,994,856	$	2,786,866	$	2,770,485
International		9,894		11,789		11,429
Income before income taxes	$	3,004,750	$	2,798,655	$	2,781,914

Schedule of components of the provision for income taxes

	For the Year Ended
	December 31,
	2023		2022		2021
Current:
Federal income tax expense	$	497,492	$	455,779	$	485,988
State income tax expense		109,924		95,388		104,837
International income tax expense		2,521		5,263		6,021
Total current		609,937		556,430		596,846
Deferred:
Federal income tax expense		41,782		62,719		20,543
State income tax expense		6,003		8,583		2,432
International income tax expense (benefit)		447		(1,727)		(2,592)
Total deferred		48,232		69,575		20,383
Net income tax expense	$	658,169	$	626,005	$	617,229

Reconciliation of the provision for income taxes to the amounts computed at the federal statutory rate

	For the Year Ended
	December 31,
	2023		2022		2021
Federal income taxes at statutory rate	$	630,998	$	587,716	$	584,202
State income taxes, net of federal tax benefit		98,254		87,352		90,360
Excess tax benefit from share-based compensation		(35,950)		(25,503)		(35,202)
Benefit from renewable energy tax credits		(19,627)		(17,593)		(18,592)
Other items, net		(15,506)		(5,967)		(3,539)
Total provision for income taxes	$	658,169	$	626,005	$	617,229

Schedule of deferred tax assets and liabilities

	December 31,
	2023		2022
Deferred tax assets:
Allowance for doubtful accounts	$	2,430	$	2,196
Other accruals		150,483		137,474
Operating lease liability		559,830		538,890
Other		18,102		17,115
Total deferred tax assets		730,845		695,675
Deferred tax liabilities:
Inventories		142,578		104,572
Property and equipment		280,791		233,288
Operating lease asset		540,359		521,541
Other		62,588		81,621
Total deferred tax liabilities		1,026,316		941,022
Net deferred tax liabilities	$	(295,471)	$	(245,347)

Summary of changes in gross amount of unrecognized tax benefits, excluding interest and penalties

	2023		2022		2021
Unrealized tax benefit, balance at January 1,	$	24,798	$	26,847	$	30,967
Additions based on tax positions related to the current year		3,932		4,146		5,446
Payments related to items settled with taxing authorities		—		(1,000)		(2,570)
Reductions due to the lapse of statute of limitations and settlements		(4,787)		(5,195)		(6,996)
Unrealized tax benefit, balance at December 31,	$	23,943	$	24,798	$	26,847