v3.26.1
Income tax
6 Months Ended
Jun. 30, 2026
Income Tax Disclosure [Abstract]  
Income tax Income tax
The Company’s tax provision for each period presented was calculated using an estimated annual tax rate, adjusted for discrete items occurring during the applicable period to arrive at an effective tax rate. The effective income tax rates for the relevant periods were as follows:
Three months endedSix months ended
June 30,June 30,
2026202520262025
Effective tax rate21.3 %19.7 %23.2 %22.2 %
During the three and six months ended June 30, 2026, the Company’s unrecognized tax benefits balances decreased $28 million and $24 million, respectively. These decreases were mainly due to the lapsing of statutes of limitations.