Income Taxes (Tables)

6 Months Ended

Jun. 30, 2026

The estimated annual effective income tax rate differs from the U.S. federal statutory tax rate due to:


	June 30,
	2026		2025
Federal income tax rate	21.0	%	21.0	%
Foreign earnings taxed at different rates	(2.8)		5.5
Nondeductible expenses	(1.1)		2.2
State income taxes, net of federal tax benefit	1.0		1.9
Change in tax contingency reserves	(0.2)		0.3
U.S. tax on international operations, net of credits	0.0		0.7
Estimated annual effective income tax rate	17.9	%	31.6	%