Annual report [Section 13 and 15(d), not S-K Item 405]

INCOME TAXES - Reconciliation of Income Tax Rate and Amount (Details)

v3.25.4
INCOME TAXES - Reconciliation of Income Tax Rate and Amount (Details) - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
$      
U.S. Federal Statutory Tax Rate $ 1,505    
State and Local Income Taxes, Net of Federal Income Tax Effect 101    
Foreign Tax Effects 168    
Effect of Cross-Border Tax Laws, Net of Related Credits (68)    
Tax Credits (90)    
Changes in Valuation Allowances (91)    
Nontaxable or Nondeductible Items 45    
Other Adjustments 22    
Total Income Tax Expense $ 1,592 $ 1,660 $ 1,865
%      
Statutory U.S. federal income tax rate 21.00% 21.00% 21.00%
State and Local Income Taxes, Net of Federal Income Tax Effect 1.40% 1.80% 1.90%
Foreign Tax Effects 2.40% 0.00% (0.60%)
Effect of Cross-Border Tax Laws, Net of Related Credits (0.90%)    
Tax Credits (1.30%) (0.80%) (0.70%)
Changes in Valuation Allowances (1.30%)    
Nontaxable or Nondeductible Items 0.60%    
Other Adjustments 0.30% 1.30% 1.50%
Effective income tax rate 22.20% 22.30% 21.80%