Income Taxes |
9 Months Ended |
|---|---|
Sep. 30, 2026 | |
| Income Tax Disclosure [Abstract] | |
| Income Taxes | Income Taxes The income tax rates for the nine and three months ended September 30, 2026 were 22.9% and 23.6%, respectively. The income tax rates for the nine and three months ended September 30, 2025 were 26.0% and 22.8%, respectively. The income tax rate decreased 3.1 percentage points for the nine months ended September 30, 2026, due primarily to the non-deductible impairment of the e-vapor reporting unit goodwill in 2025 and tax benefits related to the effective settlement with the IRS in May 2026 of our audit for the 2017 tax year. For further discussion of the non-deductible impairment, see Note 2. Goodwill and Other Intangible Assets, net. The settlement in May 2026 excluded our refund claim for the 2017 tax year, based on the Tax Cuts and Jobs Act of 2017’s removal of downward attribution rules relevant to our investment in ABI. In September 2025, this refund claim was denied by the U.S. District Court for the Eastern District of Virginia, and we are pursuing all available appellate remedies.
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