XML 73 R38.htm IDEA: XBRL DOCUMENT v3.7.0.1
Income Taxes (Tables)
 6 Months Ended
Jun. 30, 2017
Income Tax Disclosure [Abstract]  
Reconciliation between the U.S. federal statutory tax rate and effective tax rate
A reconciliation between the U.S. federal statutory tax rate and our effective tax rate is summarized as follows:
 
For the Three Months
Ended June 30,
 
For the Six Months
Ended June 30,
 
2017
 
2016
 
2017
 
2016
Statutory rate
35.0
 %
 
35.0
 %
 
35.0
 %
 
35.0
 %
State taxes
0.8

 
1.0

 
0.4

 
1.0

Taxes on foreign earnings
(11.7
)
 
(10.0
)
 
(11.4
)
 
(9.0
)
Credits and net operating loss utilization
(0.9
)
 
(1.2
)
 
(0.8
)
 
(1.2
)
Purchased intangible assets
1.4

 
1.1

 
1.4

 
1.1

Manufacturing deduction
(2.1
)
 
(1.6
)
 
(2.1
)
 
(1.7
)
Other permanent items
0.7

 
0.6

 
0.7

 
0.6

Other
0.6

 
0.3

 
0.8

 
0.2

Effective tax rate
23.8
 %
 
25.2
 %
 
24.0
 %
 
26.0
 %