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Income Taxes
9 Months Ended
Sep. 30, 2025
Income Tax Disclosure [Abstract]  
Income Taxes Income Taxes
Our interim effective tax rates reflect the estimated annual effective tax rates for 2025 and 2024 applied to year-to-date pretax income, adjusted for tax expense associated with certain discrete items. The effective tax rates for the three months ended September 30, 2025 and 2024 were 27.2% and 26.6%, respectively. The effective tax rates for the nine months ended September 30, 2025 and 2024 were 26.9% and 26.3%, respectively.
The effective tax rates were largely consistent for both the three and nine months ended September 30, 2025 and 2024 as compared to the relative prior year periods.
On July 4, 2025, President Trump signed the One Big Beautiful Bill Act into law, enacting significant changes to U.S. federal tax law. While we are currently evaluating the impacts of this new legislation, we do not anticipate a material impact on our results of operations, cash flows, and financial position.