INCOME TAXES |
6 Months Ended |
|---|---|
Jun. 30, 2026 | |
| Income Tax Disclosure [Abstract] | |
| INCOME TAXES | INCOME TAXES Our effective income tax rates were 18.9% and 20.2% for the three and six months ended June 30, 2026, respectively, compared to 18.9% and 20.2% for the three and six months ended June 30, 2025, respectively. Compared to the same periods in the prior year, our current-period effective tax rates were favorably impacted by geographic earnings mix and higher tax benefits related to share-based compensation, which were offset by a prior-year tax benefit from the resolution of international tax audits. The effective tax rates for the three and six months ended June 30, 2026, were lower than the U.S. federal statutory tax rate of 21% primarily due to tax benefits from share-based compensation, partially offset by U.S. state taxes. Comparatively, the effective tax rates for the three and six months ended June 30, 2025 were lower than the U.S. federal statutory tax rate of 21% primarily due to tax benefits from share-based compensation and the resolution of international tax audits, partially offset by U.S. state taxes. Cash paid for income taxes, net of refunds, during the six months ended June 30, 2026 and 2025, were $107.1 million and $137.4 million, respectively.
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