INCOME TAX |
6 Months Ended |
|---|---|
Jun. 30, 2026 | |
| Income Tax Disclosure [Abstract] | |
| INCOME TAX | INCOME TAX For the three and six months ended June 30, 2026, we recognized an income tax benefit of $4.9 million and $16.8 million, respectively, resulting in an effective income tax rate of (4.7)% and 13.9%, respectively. The effective income tax rate was lower than the U.S. statutory rate primarily as a result of tax credits, foreign branch operations, and taxes on foreign earnings, partially offset by the impact of Base Erosion Anti-Abuse Tax. For the three and six months ended June 30, 2025, our effective income tax rate of 14.8% and 15.7%, respectively, differed from the U.S. statutory rate primarily as a result of deferred tax expense associated with legal entity restructuring in connection with the sale of our Issuer Solutions business, net of tax benefits from tax credits and foreign interest income not subject to tax.
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