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Income Taxes
6 Months Ended
Jun. 30, 2023
Income Tax Disclosure [Abstract]  
Income Tax Disclosure
Income Taxes
The effective income tax rate was 18.0% and 15.7% for the quarters ended 2023 and 2022, respectively, and 19.1% and 22.3% for the six months ended 2023 and 2022, respectively. The effective tax rate for both periods 2023 reflected a tax benefit of $55 million related to the remeasurement of certain deferred tax liabilities. The six months 2023 also reflected a tax benefit of $50 million on restructuring charges related to Accelerating the Organization.
The effective tax rate for the quarter and six months 2022 reflected $214 million and $239 million, respectively, of net tax benefits related to the sale of the Company’s Russia and Dynamic Yield businesses, as well as approximately $50 million of net tax benefits related to global tax audit progression. The six months 2022 were also unfavorably impacted by the non-deductible $537 million of nonoperating expense related to the settlement of a tax audit in France.