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Income Taxes
3 Months Ended
Mar. 31, 2023
Income Tax Disclosure [Abstract]  
Income Taxes
(12)
Income Taxes

The Company’s effective tax rates for the three months ended March 31, 2023 and 2022 were 46.6% and 16.3%, respectively. The Company’s $37 tax benefit for the current period was primarily due to the application of the forecasted effective tax rate to the pre-tax loss for the three months ended March 31, 2023. The Company’s effective tax rate for the three months ended March 31, 2023 was higher than the U.S. statutory tax rate mainly due to the geographic mix of income earned by the Company’s international subsidiaries being taxed at higher rates than the U.S. statutory rate, offset by the U.S. foreign tax credit and the U.S. deduction for foreign derived intangible income (“FDII”).

The Company’s effective tax rate for the three months ended March 31, 2022 was lower than the U.S. statutory tax rate mainly due to the U.S. deduction for FDII and the geographic mix of income earned by the Company’s international subsidiaries being taxed at lower rates than the U.S. statutory rate, offset by the U.S. global intangible low-taxed income inclusion.