v3.25.1
Income Taxes
3 Months Ended
Mar. 31, 2025
Income Tax Disclosure [Abstract]  
Income Taxes

Note 12—Income Taxes

The effective tax rate was 18.4% and 29.7% for the three months ended March 31, 2025 and 2024, respectively. The change in the effective tax rate for the three months ended March 31, 2025 compared to the prior year was primarily due to an increase in recognition of windfall tax benefits from stock awards in the current year and a proportionate change in the composition of income before income taxes from foreign and domestic tax jurisdictions. It is possible our unrecognized tax benefits could be reduced by approximately $20 million in the next 12 months as a result of cash payments made in connection with ongoing tax authority audits.