INCOME TAXES |
3 Months Ended |
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Mar. 31, 2026 | |
| Income Tax Disclosure [Abstract] | |
| INCOME TAXES | INCOME TAXES For the three months ended March 31, 2026 and 2025, the Company recognized income tax expenses of $11.3 and $14.9, respectively, which resulted in effective tax rates of (91.9)% and (2.7)%, respectively. The effective tax rate for the three months ended March 31, 2026 was lower than the Company’s statutory tax rate primarily due to an increase in valuation allowance, non-deductible compensation expenses, earnings taxed in jurisdictions with higher tax rates and withholding taxes for 2026 non-US earnings that are not permanently reinvested. For the three months ended March 31, 2025, the Company’s effective tax rate was primarily impacted by impairment of goodwill with no tax benefit, an increase in valuation allowance, Base Erosion and Anti-Abuse Tax (“BEAT”), non-deductible compensation expense, and withholding taxes on non-U.S. earnings that are not permanently reinvested. On July 4, 2025, new legislation commonly referred to as the One Big Beautiful Bill Act of 2025 (the “Tax Act”) was signed into law. The Tax Act includes substantial changes to the U.S. federal tax code and broader fiscal policy for tax year 2025 and forward. The Company has recorded any applicable impacts to its three months ended March 31, 2026 tax provision.
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