Income Taxes |
9 Months Ended |
|---|---|
Sep. 30, 2026 | |
| Income Tax Disclosure [Abstract] | |
| Income Taxes | INCOME TAXES The effective tax rate for the three months ended September 30, 2026 was 5.2%, which was primarily driven by a discrete tax benefit resulting from the effective resolution of a Mexican tax matter, partially offset by the geographic mix of earnings, non-deductible regulatory costs, and tax costs associated with repatriation activities. The effective tax rate for the nine months ended September 30, 2026 was 51.6%, which was primarily driven by non-deductible regulatory costs, changes in the mix of earnings, as well as tax costs associated with repatriation activities and business divestitures, offset by a discrete tax benefit resulting from the effective resolution of a Mexican tax matter. The effective tax rate for the three months ended September 30, 2025 was 23.8%, which was primarily due to the mix of pre-tax income and losses in different jurisdictions. The effective tax rate for the nine months ended September 30, 2025 was (9.3)%, which was primarily driven by the tax benefit resulting from the entity realignment project, offset by changes in the mix of earnings post-divestitures. During the nine months ended September 30, 2025, a one-time tax benefit of $361 million was achieved as part of the realignment project. The Company does not currently anticipate any similar income tax benefits in future periods.
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