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Income Taxes
9 Months Ended
Sep. 30, 2025
Income Tax Disclosure [Abstract]  
Income Taxes Income TaxesThe Company's effective tax rate was 34.0% and 22.9% for the three months ended September 30, 2025 and 2024, respectively. The Company's effective tax rate was 29.4% and 24.1% for the nine months ended September 30, 2025 and 2024, respectively. Income tax expense is based on an estimated annual effective rate, which requires the Company to make its best estimate of annual pretax accounting income or loss before consideration of tax or benefit discretely recognized in the period in which such occur. Our effective income tax rate for the three and nine months ended September 30, 2025 differs from the U.S. federal statutory rate due primarily to the unfavorable impact of state taxes net of federal benefits, additional taxes on undistributed foreign-sourced income and foreign withholding taxes on interest income from intercompany notes. For the three and nine months ended September 30, 2025, the effective tax rate increased compared to the comparable prior year periods due to (i) discrete tax provision resulting from legal entity and tax restructuring actions taken by the Company to facilitate cross-border transactions, (ii) a decrease in excess tax benefits on stock option exercises, (iii) the adoption of Pillar Two legislation, which resulted in a global minimum tax at a rate of 15% that impacted two jurisdictions in which the Company operates, and (iv) the mix of earnings.