A reconciliation of the provision for income taxes using the statutory federal income tax rate to our effective income tax rate is as follows below.


	Three Months Ended June 30,				Six Months Ended June 30,
	2026		2025		2026		2025
Federal statutory rate	21.0	%	21.0	%	21.0	%	21.0	%
State income taxes, net of federal benefit	2.1		2.3		2.3		2.2
Share-based payment awards	(1.8)		(0.4)		(9.1)		(2.9)
Foreign tax credits	(1.1)		(1.9)		(1.1)		(1.9)
Other U.S. tax credits and incentives	(0.9)		(1.6)		(0.8)		(1.6)
Foreign tax rate differential	0.4		0.6		1.3		(0.9)


Section 162(m) limitations on compensation	1.5		1.2		3.6		1.4
Other	0.3		0.2		0.2		0.6
Effective income tax rate	21.5	%	21.4	%	17.4	%	17.9	%