v3.26.1
Income Taxes
 6 Months Ended
Jun. 30, 2026
Income Tax Disclosure [Abstract]  
Income Taxes Income Taxes
The following table summarizes the Company’s provision for income taxes and effective income tax provision rate for the three and six month periods ended June 30, 2026 and 2025.
For the Three Month Period Ended June 30,For the Six Month Period Ended June 30,
2026202520262025
Income before income taxes$327.1 $28.1 $557.0 $281.2 
Provision for income taxes$69.1 $21.0 $105.2 $79.5 
Effective income tax provision rate21.1%74.7%18.9%28.3%
The increase in the provision for income taxes and decrease in the effective income tax provision rate for the three month period ended June 30, 2026 when compared to the same three month period of 2025 is primarily due to nondeductible impairments of goodwill, tradenames, and equity investment in the 2025 period.
The increase in the provision for income taxes and decrease in the effective income tax provision rate for the six month period ended June 30, 2026 when compared to the same six month period of 2025 is primarily due to a higher benefit of a windfall tax deduction in the 2026 period compared to the 2025 period and nondeductible impairments of goodwill, tradenames, and equity investment in the 2025 period.