v3.25.4
Income Taxes - Reconciliation Between U.S. Federal Income Tax Rate and Our Effective Tax Rate From Continuing Operations (Details) - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Income Tax Disclosure [Abstract]      
U.S. Federal income tax 21.00% 21.00% 21.00%
Tax credits (1.00%) (0.90%) (1.10%)
Impact of noncontrolling interests (5.10%) (4.30%) (4.70%)
Nondeductible executive compensation 1.20% 0.40% 0.80%
Other 0.10% (0.60%) 0.00%
Valuation allowances 1.00% 0.60% 0.50%
Cross-border tax impacts 0.00% 0.10% 0.00%
State and local income taxes, net of federal benefit 2.40% 2.90% 2.50%
Foreign tax effects, Percent 1.50% (0.30%) 0.80%
Unrecognized tax benefits 0.70% (0.60%) (1.10%)
Effective tax rate 21.80% 18.30% 18.70%
U.S. Federal income tax $ 282,833 $ 321,383 $ 247,190
Tax credits (12,804) (14,195) (12,823)
Impact of noncontrolling interests (69,029) (66,186) (55,245)
Nondeductible executive compensation 15,703 6,738 9,112
Other 954 (8,210) 634
Valuation allowances 13,346 9,159 5,634
Cross-border tax impacts 99 1,500 (102)
State and Local Income Taxes, Amount 32,895 44,218 29,072
Foreign tax effects, Amount 19,706 (4,836) 9,114
Unrecognized tax benefits 9,404 (9,915) (12,470)
Effective tax amount $ 293,107 $ 279,656 $ 220,116