INCOME TAX |
3 Months Ended |
|---|---|
Mar. 31, 2026 | |
| Income Tax Disclosure [Abstract] | |
| INCOME TAX | NOTE 6 - INCOME TAX Income tax expense for interim periods is recognized based on the annualized effective tax rate expected for the full year adjusted for the tax effect of certain items recognized in full in the interim period. Our effective tax rate was 27.9% and 38.7% of our income before tax for the three months ended March 31, 2026 and 2025, respectively. The difference between the statutory tax rate of 25.8% and the effective tax rate for the three months ended March 31, 2026 and 2025 includes an estimate of the temporary surtax in France, the Base Erosion Anti Abuse Tax in the United States, the geographical mix of our pre-tax results and the effects of certain jurisdictions where a full valuation allowance is recorded.
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