INCOME TAX |
9 Months Ended |
|---|---|
Sep. 30, 2026 | |
| Income Tax Disclosure [Abstract] | |
| INCOME TAX | NOTE 6 - INCOME TAX Income tax expense for interim periods is recognized based on the annualized effective tax rate expected for the full year adjusted for the tax effect of certain items recognized in full in the interim period. Our effective tax rate was 25.6% and 30.2% of our income before tax for the three months ended September 30, 2026 and 2025, respectively. Our effective tax rate was 28.3% and 33.8% of income before tax for the nine months ended September 30, 2026 and 2025, respectively. The difference between the statutory tax rate of 25.8% and the effective tax rate for the three and nine months ended September 30, 2026 and 2025 includes estimates of the 2026 and 2025 surtaxes in France and the Base Erosion Anti-Abuse Tax in the United States, and is impacted by the geographical mix of our pre-tax results and the effects of certain jurisdictions where a full valuation allowance is recorded.
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