Income Taxes |
6 Months Ended |
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Jun. 30, 2026 | |
| Income Tax Disclosure [Abstract] | |
| Income Taxes | Income Taxes For the three and six months ended June 30, 2026, the Company's effective tax rate was 18% and 22%, respectively. The Company reported a tax charge on pretax income for both the three and six months ended June 30, 2026, including $46.6 million and $69.8 million, respectively, of earnings recognized by foreign entities. For the three and six months ended June 30, 2025, the Company's effective tax rate was 32% and 21%, respectively. The Company reported a tax charge on pretax income for both the three and six months ended June 30, 2025, including $19.0 million and $99.2 million, respectively, of earnings recognized by foreign entities. The Company’s effective tax rate could fluctuate on a quarterly basis due to the occurrence of significant and unusual or infrequent items, such as vesting of stock-based compensation or foreign currency gains and losses. The Company’s effective tax rate could also fluctuate due to changes in the valuation of its deferred tax assets or liabilities, or by changes in tax laws, regulations, accounting principles, or interpretations thereof. In addition, the Company is occasionally subject to examination of its income tax returns by tax authorities in the jurisdictions it operates. The Company regularly assesses the likelihood of adverse outcomes resulting from these examinations to determine the adequacy of its provision for income taxes. As of both June 30, 2026, and December 31, 2025, the amount of unrecognized tax benefits for uncertain tax positions was $20.3 million.
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