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Income Taxes
 6 Months Ended
Jun. 30, 2023
Income Tax Disclosure [Abstract]  
Income Taxes Income Taxes
Our income tax expense and resulting effective tax rate on income from continuing operations are based upon the estimated annual effective tax rates applicable for the respective periods adjusted for the effect of items required to be treated as discrete in the interim periods. This estimated annual effective tax rate is affected by the relative proportions of revenue and income before taxes in the jurisdictions in which we operate. Based on the geographical mix of earnings, our annual effective tax rate fluctuates based on the portion of our profits earned in each jurisdiction. Additionally, in accordance with discontinued operations reporting requirements, income tax expense for the current and prior periods presented have been adjusted to reflect only the activity of continuing operations. This presentation requires removing all elements of income tax expense associated with discontinued operations entities as well as their indirect impact on the overall income tax provision.

The effective tax rates for the quarters ended June 30, 2023 and 2022 were a benefit of 20.0% and an expense of 22.6%, respectively. The lower effective tax rate for the quarter ended June 30, 2023 is primarily driven by impairment of non-deductible tax goodwill and higher tax rates in most foreign jurisdictions.

The effective tax rates for the six months ended June 30, 2023 and 2022 were 43.0% and 22.0%, respectively. The higher effective tax rate for the six months ended June 30, 2023 is primarily driven by impairment of non-deductible tax goodwill and higher tax rates in most foreign jurisdictions partially offset by the release of a valuation allowance on certain foreign net operating losses and a tax benefit related to share-based payment awards. The effective tax rate for the six months ended June 30, 2022 is primarily the result of a legal entity conversion in Taiwan, an intercompany sale of assets, and favorable foreign currency effects on dividends, partially offset by higher tax rates in most foreign jurisdictions.