Income Taxes |
6 Months Ended |
|---|---|
Jun. 30, 2026 | |
| Income Tax Disclosure [Abstract] | |
| Income Taxes | (11) Income Taxes Our effective income tax rates were 23.9% and 23.4% during the three-month periods ended June 30, 2026 and 2025, respectively, and 23.7% and 23.4% during the six-month periods ended June 30, 2026 and 2025, respectively. As of January 1, 2026, our unrecognized tax benefits were approximately $2 million. The amount, if recognized, that would favorably affect the effective tax rate is approximately $2 million. During the six months ended June 30, 2026, changes to the estimated liabilities for uncertain tax positions (including accrued interest) relating to tax positions taken during prior and current periods did not have a material impact on our financial statements. We recognize accrued interest and penalties associated with uncertain tax positions as part of the tax provision. As of June 30, 2026, we have less than $1 million of accrued interest and penalties. The U.S. federal statute of limitations remains open for 2022 and subsequent years. Foreign and U.S. state and local jurisdictions have statutes of limitations generally ranging from 3 to 4 years. We operate in multiple jurisdictions with varying tax laws. The Internal Revenue Service (“IRS”) has recently commenced an audit for the tax year ended December 31, 2024. We believe that adequate accruals have been provided for federal, foreign and state taxes. |