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Income Taxes
9 Months Ended
Sep. 30, 2021
Income Tax Disclosure [Abstract]  
Income Taxes INCOME TAXES
Our effective tax rate of 30 percent and 32 percent for the three and nine months ended September 30, 2021 was impacted by $10 million and $15 million of income tax expense, respectively, due to losses providing no tax benefit in certain jurisdictions from the termination of our qualified domestic defined-benefit pension plans and a business divestiture. The tax rate in the nine-month period also includes a $16 million income tax expense from the elimination of disproportionate tax effects from accumulated other comprehensive income (loss) relating to our interest rate swap following the retirement of the related debt, and the termination of our qualified domestic defined-benefit pension plans.

Our effective tax rate of 23 percent and 24 percent for the three and nine months ended September 30, 2020 was impacted by a $10 million and $13 million reduction in income tax expense, respectively, resulting from IRS guidance released during the third quarter of 2020 that allows us to exclude certain high-taxed foreign income from the U.S. tax effects on Global Intangible Low-Taxed Income.