Income Taxes |
3 Months Ended |
|---|---|
Mar. 31, 2026 | |
| Income Tax Disclosure [Abstract] | |
| Income Taxes | Income Taxes The Company files U.S. federal and state, and foreign income tax returns in jurisdictions with varying statutes of limitations. With few exceptions, the Company is no longer subject to U.S. federal income tax examinations for years prior to 2022 and state and local income tax examinations prior to 2016. In significant foreign jurisdictions, years prior to 2017 are generally no longer subject to income tax examinations by their respective tax authorities. The Company’s effective tax rate was 26.8% and 28.0% for the three months ended March 31, 2026 and 2025. The effective tax rate for the three months ended March 31, 2026 was primarily impacted by the excess tax benefit from stock-based compensation, which resulted from increases in the Company’s stock price. The effective tax rate for the three months ended March 31, 2025 was primarily impacted by Pillar Two taxes offset by a decrease in state taxes. The Company made income tax payments, net of tax refunds, of $12 million and $8 million during the three months ended March 31, 2026 and 2025.
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