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Income Taxes
3 Months Ended
Mar. 31, 2022
Income Tax Disclosure [Abstract]  
Income Taxes Income Taxes
The Company’s consolidated income tax provision includes taxes attributable to the controlling interest and, to a lesser extent, taxes attributable to the non-controlling interests.
The following table presents the consolidated provision for income taxes:
 For the Three Months Ended March 31,
 20212022
Controlling interest:  
Current taxes$30.6 $30.3 
Intangible-related deferred taxes8.9 15.7 
Other deferred taxes8.9 4.5 
Total controlling interest48.4 50.5 
Non-controlling interests:  
Current taxes$2.1 $5.2 
Deferred taxes— — 
Total non-controlling interests2.1 5.2 
Income tax expense $50.5 $55.7 
Income before income taxes (controlling interest)$198.3 $196.5 
Effective tax rate (controlling interest)(1)
24.4 %25.7 %
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(1)Taxes attributable to the controlling interest divided by income before income taxes (controlling interest).
The Company’s effective tax rate (controlling interest) for the three months ended March 31, 2021 was not significantly different than its marginal tax rate of 24.5%. The Company’s effective tax rate (controlling interest) for the three months ended March 31, 2022 was higher than the marginal tax rate of 24.5%, primarily due to increases in non-deductible compensation expense and unrecognized tax benefits, partially offset by tax benefits from foreign operations.