Income Taxes |
9 Months Ended |
|---|---|
Sep. 30, 2026 | |
| Income Tax Disclosure [Abstract] | |
| Income Taxes | Income Taxes The Company files U.S. federal and state, and foreign income tax returns in jurisdictions with varying statutes of limitations. With few exceptions, the Company is no longer subject to U.S. federal income tax examinations for years prior to 2022 and state and local income tax examinations prior to 2016. In significant foreign jurisdictions, years prior to 2017 are generally no longer subject to income tax examinations by their respective tax authorities. The Company’s effective tax rate was 25.8% and 30.0% for the three months ended September 30, 2026 and 2025; and 27.6% and 29.1% for the nine months ended September 30, 2026 and 2025. The effective tax rate for the three months and nine months ended September 30, 2026 was primarily impacted by the jurisdictional mix of income with an increase in foreign income taxed at lower rates. The effective tax rate for the three months ended September 30, 2025 was primarily impacted by an increase in taxes on foreign income. The effective tax rate for the nine months ended September 30, 2025 was primarily impacted by an increase in unrecognized tax benefits and taxes on foreign income offset by a decrease in state taxes. The Company made income tax payments, net of tax refunds, of $115 million and $69 million during the nine months ended September 30, 2026 and 2025.
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