Income Tax |
6 Months Ended |
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Jun. 30, 2026 | |
| Income Tax Disclosure [Abstract] | |
| Income Tax Disclosure [Text Block] | INCOME TAX The effective tax rate on pre-tax income for the three and six months ended June 30, 2026, was 23.4% and 24.1%, respectively. The tax rate was higher than the U.S. statutory rate primarily due to the jurisdictional mix of earnings and an increase in the valuation allowance against foreign tax credits generated during the year. The effective tax rate on pre-tax income for the three and six months ended June 30, 2025, was 47.0% and 34.1%, respectively. The tax rate was higher than the U.S. statutory rate primarily due to tax expense related to legal entity restructuring, the establishment of a valuation allowance on foreign tax credit carryforwards, and income earned in foreign jurisdictions with statutory tax rates higher than in the U.S. These increases were partially offset with benefits received from tax credits generated during the year.
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