Income Taxes

3 Months Ended

Mar. 31, 2023

Income Tax Disclosure [Abstract]

Income Taxes

Income Taxes

The following table presents Income tax expense and the effective tax rate:

	Three Months Ended March 31,
	2023			2022
	(Dollars in millions)
Income tax expense	$	55.1		$	48.8
Effective tax rate	24		%	24		%

The effective tax rate for each of the periods in the table above differed from the statutory federal rate of 21%, due to state income taxes and U.S. taxes on foreign earnings, net of foreign tax credits, partially offset by a lower foreign effective tax rate.