Taxes on Income

3 Months Ended

Mar. 31, 2012

Taxes on Income

Taxes on Income

Note 5—Taxes on Income

The effective tax rate for the three months ended March 31, 2012 and 2011 was (53.0)% and 18.8%, respectively. The provision for taxes on income was $19.5 million in the three months ended March 31, 2012 compared with a benefit of $30.0 million in the three months ended March 31, 2011. This was primarily due to lower loss before income taxes, changes in geographic earnings mix and changes in losses in certain non-U.S. jurisdictions for which tax benefits cannot be realized.