v3.26.1
Income taxes
 6 Months Ended
Jun. 30, 2026
Income Tax Disclosure [Abstract]  
Income taxes Note 13. Income taxes
The Company’s interim provision for income tax is determined based on our estimated annual effective tax
rate, adjusted for tax attributable to infrequent or unusual items, which are recognized in the period in which
they occur. The provision for income taxes and the effective tax rates for the periods presented were as
follows:
For the three months
For the six months
ended June 30,
ended June 30,
(In millions, except for percentage data)
2026
2025
2026
2025
Total income tax expense
$146
$122
$105
$94
Effective income tax rate
23.5%
22.7%
22.2%
22.7%
The 2026 effective income tax rate was primarily impacted by an adjustment to uncertain tax positions. The
2025 effective income tax rate was primarily impacted by the Organization for Economic Co-operation and
Development Pillar Two (‘‘OECD Pillar Two’’) regulatory guidance released in January 2025, which resulted in a
reduction in the OECD Pillar Two tax.