Income Taxes |
9 Months Ended |
|---|---|
Sep. 30, 2026 | |
| Income Tax Disclosure [Abstract] | |
| Income Taxes | 12. Income TaxesThe Company’s effective tax rates on pre-tax income were 18.9% and 16.7% for the three months ended September 30, 2026 and 2025, respectively, and 22.1% and 18.8% for the nine months ended September 30, 2026 and 2025, respectively. The change in the Company’s effective tax rates for the three and nine months ended September 30, 2026, compared to the corresponding periods in the prior year, was primarily due to changes in forecasted full-year pre-tax income, including the expected geographic mix of income among jurisdictions.
Unrecognized tax benefits are reflected in Income taxes payable in the Condensed Consolidated Balance Sheets. The total amount of unrecognized tax benefits as of September 30, 2026 and December 31, 2025 was $63.4 million and $63.3 million, respectively, including interest and penalties.
The Company’s tax filings are subject to examination by U.S. federal, state, and various non-United States jurisdictions. The conclusion of the examination of the Company’s consolidated federal income tax returns for resulted in both agreed and unagreed adjustments. The Company is contesting the one remaining unagreed adjustment in the U.S. Tax Court and has fully reserved for this unagreed adjustment. The Company’s U.S. federal income tax returns since 2022 are also eligible to be examined. |