v3.26.3
Income Taxes
 9 Months Ended
Sep. 30, 2026
Income Tax Disclosure [Abstract]  
Income Taxes
Note 6 - Income Taxes
The Company's provision for income taxes in interim periods is computed by applying the estimated annual effective tax rates to income or loss before income taxes for the period. In addition, non-recurring or discrete items are recorded during the period(s) in which they occur.
Three Months Ended
September 30,		Nine Months Ended
September 30,
2026202520262025
Provision for income taxes$40.7 $33.2 $98.4 $90.8 
Effective tax rate29.0 %30.9 %28.8 %26.5 %
Income tax expense for the three and nine months ended September 30, 2026 was calculated using forecasted multi-jurisdictional annual effective tax rates to determine a blended annual effective tax rate. The effective tax rate differs from the U.S. federal statutory rate of 21% due to the actual and projected mix of earnings in non-U.S. jurisdictions with relatively higher tax rates, U.S. state and local income taxes, and other permanent differences (net).
The effective tax rate of 29.0% for the three months ended September 30, 2026 was lower than the effective tax rate for the three months ended September 30, 2025 primarily due to a decrease in the mix of earnings in non-U.S. jurisdictions with relatively higher tax rates.
The effective tax rate of 28.8% for the nine months ended September 30, 2026 was higher than the effective tax rate for the nine months ended September 30, 2025 primarily due to favorable discrete items recognized in the prior-year period related to the reversal of accruals for uncertain tax positions to account for the expiration of the statutes of limitations in jurisdictions outside the U.S.