v3.25.1
Income Tax
3 Months Ended
Mar. 31, 2025
Income Tax Disclosure [Abstract]  
Income Tax Income Tax
Three Months Ended
March 31, 2025March 31, 2024
Effective tax rate21 %21 %
The effective tax rate for the three months ended March 31, 2025, was flat compared to prior year.
Our effective tax rate can be volatile and may change with, among other things, the amount and source of pretax income or loss, our ability to utilize foreign tax credits, excess tax benefits or deficiencies from share-based compensation, changes in tax laws and the movement of liabilities established pursuant to accounting guidance for uncertain tax positions as statutes of limitations expire, positions are effectively settled, or when additional information becomes available. There are proposed or pending tax law changes in various jurisdictions and other changes to regulatory environments in countries in which we do business that, if enacted, could have an impact on our effective tax rate.