v3.26.1
Income Taxes
6 Months Ended
Jun. 30, 2026
Income Tax Disclosure [Abstract]  
Income Taxes

NOTE H - Income Taxes

The effective tax rate for the second quarter of 2026 was 23.4% compared to 22.3% for the second quarter of 2025, primarily due to a higher mix of pre-tax income in foreign jurisdictions with higher tax rates. The effective tax rate for the first six months ended June 30, 2026 was 22.8% compared to 22.0% for the first six months ended June 30, 2025. Included in the first quarter of 2025 was the EC-related charge of $350.0, which lowered the effective tax rate.