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Three-month periods ended June 30 ($ in millions) | | 2024 | | 2023 | |
Income taxes computed at applicable statutory rates | | $ | 72 | | 23.8 | % | $ | 62 | | 24.2 | % |
Adjustments recognized in the current period for income taxes of prior periods | | | (6) | | (2.0) | | | (13) | | (5.3) | |
(Non-taxable) non-deductible amounts, net | | | 4 | | 1.3 | | | 2 | | 0.8 | |
Withholding and other taxes | | | 12 | | 4.0 | | | 2 | | 0.8 | |
Losses not recognized | | | 2 | | 0.7 | | | 5 | | 1.9 | |
Foreign tax differential | | | (2) | | (0.7) | | | 4 | | 1.5 | |
Other | | | (3) | | (0.8) | | | 1 | | 0.4 | |
Income tax expense per Consolidated statements of income and other comprehensive income | | $ | 79 | | 26.3 | % | $ | 63 | | 24.3 | % |
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Six-month periods ended June 30 ($ in millions) | | 2024 | | 2023 | |
Income taxes computed at applicable statutory rates | | $ | 113 | | 23.5 | % | $ | 125 | | 23.3 | % |
Adjustments recognized in the current period for income taxes of prior periods | | | (6) | | (1.2) | | | (12) | | (2.2) | |
Pillar Two global minimum tax | | | 1 | | 0.2 | | | — | | — | |
(Non-taxable) non-deductible amounts, net | | | (7) | | (1.6) | | | (7) | | (1.3) | |
Withholding and other taxes | | | 19 | | 4.0 | | | 9 | | 1.7 | |
Losses not recognized | | | 3 | | 0.6 | | | 8 | | 1.5 | |
Foreign tax differential | | | (3) | | (0.6) | | | (7) | | (1.3) | |
Other | | | — | | — | | | 2 | | 0.3 | |
Income tax expense per Consolidated statements of income and other comprehensive income | | $ | 120 | | 24.9 | % | $ | 118 | | 22.0 | % |