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Income Taxes (Tables)
6 Months Ended
Jun. 30, 2022
Reconciliation of Federal Statutory Tax Rate to Effective Income Tax Rate
The reconciliation of the federal statutory tax rate to the effective income tax rate was as follows for the periods indicated:
 
 
  
Three months ended
June 30,
 
  
Six months ended
June 30,
 
 
  
  2022  
 
  
  2021  
 
  
  2022  
 
  
  2021  
 
Statutory U.S. federal income tax rate
     21.0     21.0     21.0     21.0
Increase in rate resulting from:
                                
Tax on income from terminated swaps
     2.9       2.1       2.9       2.9  
Other, net
     1.0       0.3       0.7       0.3  
    
 
 
   
 
 
   
 
 
   
 
 
 
Effective rate
     24.9     23.4     24.6     24.2