INCOME TAXES |
9 Months Ended |
|---|---|
Sep. 30, 2026 | |
| Income Tax Disclosure [Abstract] | |
| INCOME TAXES | INCOME TAXES. Our effective tax rate was 27.7% for the three months ended September 30, 2026. The effective tax rate was higher than the U.S. statutory rate of 21% primarily due to losses providing no tax benefit in certain jurisdictions and U.S. tax effects of income earned in foreign jurisdictions, partially offset by an income tax benefit from tax law changes. Our effective tax rate was 14.4% for the nine months ended September 30, 2026. The effective tax rate was lower than the U.S. statutory rate of 21% primarily due to a nontaxable gain on the acquisition of Prolec GE, income tax benefits from stock-based compensation and tax law changes, partially offset by losses providing no tax benefit in certain jurisdictions and U.S. tax effects of income earned in foreign jurisdictions. Our effective tax rate was 39.2% and 29.8% for the three and nine months ended September 30, 2025, respectively. The effective tax rate was higher than the U.S. statutory rate of 21% in both periods primarily due to losses providing no tax benefit in certain jurisdictions and the finalization of the Company's pre-separation from GE tax attributes that increased the Company's current provision for income taxes, partially offset by an income tax benefit from stock-based compensation.
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