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TAXES ON INCOME
6 Months Ended
Jun. 30, 2019
Income Tax Disclosure [Abstract]  
TAXES ON INCOME TAXES ON INCOME

For the three months ended June 30, 2019 and 2018, the effective income tax rate was 23.6% and 16.2%, respectively. The effective income tax rate for both the three months ended June 30, 2019 and 2018 benefited from $5 million of excess tax benefit associated with stock-based compensation arrangements. In addition, during the three months ended June 30, 2018 the Company recognized a $15 million income tax benefit associated with a change in a tax return accounting method that enabled the Company to accelerate the deduction of certain expenses on its 2017 tax return at the federal corporate statutory tax rate in effect during 2017.

For the six months ended June 30, 2019 and 2018, the effective income tax rate was 23.6% and 19.1%, respectively. The effective income tax rate for the six months ended June 30, 2019 and 2018 benefited from $8 million and $13 million, respectively, of excess tax benefit associated with stock-based compensation arrangements. In addition, during the six months ended June 30, 2018 the Company recognized a $15 million income tax benefit associated with a change in a tax return accounting method that enabled the Company to accelerate the deduction of certain expenses on its 2017 tax return at the federal corporate statutory tax rate in effect during 2017.