Income Taxes |
9 Months Ended |
|---|---|
Sep. 30, 2026 | |
| Income Tax Disclosure [Abstract] | |
| Income Taxes | Income Taxes During the three months ended September 30, 2026 and 2025, we recognized income tax expense of $451 and $219, respectively, which represent effective income tax rates of 25.1% and 15.6%, respectively. During the nine months ended September 30, 2026 and 2025, we recognized income tax expense of $1,478 and $1,380, respectively, which represent effective income tax rates of 24.5% and 21.2%, respectively. The increase in our effective income tax rate compared to the three months ended September 30, 2025 was primarily due to investment tax credits purchased and recognized in the prior-year quarter, with less tax credits purchased in the current-year quarter. The increase in our effective income tax rate compared to the nine months ended September 30, 2025 was primarily due to a current year net increase in reserves for uncertain tax positions. Income taxes netted to a payable of $479 at September 30, 2026 and a receivable of $436 at December 31, 2025. We recognized income taxes receivable of $206 and $587 as an asset under the caption “Other current assets” and income taxes payable of $685 and $151 as a liability under the caption “Other current liabilities” in our consolidated balance sheets as of September 30, 2026 and December 31, 2025, respectively.
|