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Income Taxes
9 Months Ended
Sep. 30, 2021
Income Tax [Abstract]  
Income Taxes INCOME TAXESOur effective tax rates were 11.5% and 20.4% in the three months and 12.6% and 19.6% in the nine months 2021 and
2020. The change in the effective income tax rate for the three months was primarily due to lower pre-tax income and certain discrete tax items recorded in 2021. The change in effective income tax rates for the nine months reflects certain discrete tax items recorded in 2021.
In March 2021 the American Rescue Plan Act (the Act) was signed into law in the United States. We do not expect the provisions of the Act to have a material impact on our annual effective tax rate or Consolidated Financial Statements in 2021.