v3.26.1
Income Taxes
 6 Months Ended
Jun. 30, 2026
Income Tax Disclosure [Abstract]  
Income Taxes
(11) Income Taxes
The following table summarizes the Company’s income taxes and effective tax rate for the three and six months ended June 30, 2026 and 2025:
Three Months Ended
June 30,		Six Months Ended
June 30,
(in millions, except rate data)2026202520262025
Income (loss) before income taxes$56 $(132)$(133)$(286)
Income tax expense (benefit)10 (42)(19)(91)
Effective tax rate17.8 %31.7 %14.1 %31.8 %
The Company’s effective tax rate was 17.8% and 14.1% for the three and six months ended June 30, 2026, respectively, and 31.7% and 31.8% for the three and six months ended June 30, 2025, respectively, compared to the U.S. federal statutory rate of 21.0% for all periods. The differences from the statutory rate were primarily attributable to the tax effects of noncontrolling interests and state tax credits.