v3.26.3
Income Taxes
 9 Months Ended
Sep. 30, 2026
Income Tax Disclosure [Abstract]  
Income Taxes Income Taxes.
Three months ended September 30,Nine months ended September 30,
2026202520262025
Income tax expense
$5.6 $9.6 $30.5 $12.2 
Effective tax rate36.6 %18.3 %47.6 %19.6 %

The effective tax rate on the income from continuing operations was 36.6% and 47.6% for the three and nine months ended September 30, 2026, respectively, and 18.3% and 19.6% for the three and nine months ended September 30, 2025, respectively. For all periods noted, the effective tax rate differed compared to the U.S. federal statutory rate due to expected jurisdictional mix of earnings, U.S. tax on foreign income and other expected permanent tax differences relative to pretax earnings. Additionally, for the three months ended September 30, 2026, the Company recorded a net discrete tax benefit as a result of release of a $19.2 valuation allowance against deferred tax assets in Brazil, mostly offset by provision to return adjustments of $9.0 and other items. For the three months ended September 30, 2025, the Company recorded a net discrete tax benefit primarily in connection with remeasurement of deferred taxes to reflect enacted tax rate changes in foreign jurisdictions, which included $19.1 in Germany. The effective tax rates for the periods presented in 2025 were lower than the effective tax rates for the periods presented in 2026 primarily due to decreased interest expense deductibility and provision to return adjustments in 2026.