v3.26.1
Income Taxes
 6 Months Ended
Jun. 30, 2026
Income Tax Disclosure [Abstract]  
Income Taxes Income Taxes
The Company’s provision for income taxes is based upon estimated annual tax rates for the year applied to federal income as well as state and foreign income in various jurisdictions, permanent differences between book and tax items, tax credits and the Company’s change in relative income in each jurisdiction. The provision for income taxes and the effective tax rates for the periods presented were as follows:

Three Months Ended June 30,Six Months Ended June 30,
2026202520262025
Income before income taxes$186.1 $169.9 $343.1 $294.4 
Provision for income taxes42.7 38.8 79.8 67.9 
Effective tax rate23.0%22.9%23.3%23.1%

The effective tax rate for the three and six months ended June 30, 2026 had no material discrete tax items impacting the effective tax rates.
The effective tax rate for the three and six months ended June 30, 2025 reflects a discrete tax benefit related to the finalization of a prior year preferential rate with taxing authorities in a foreign jurisdiction. This discrete tax benefit was mostly offset by the impact of state tax law changes enacted in June 2025, foreign tax differentials related to increased tax rates and the mix of earnings in higher tax rate jurisdictions.