Income Taxes

6 Months Ended

Jun. 30, 2021

Income Tax Disclosure [Abstract]

Income Taxes

INCOME TAXES

Our provision for income taxes as a percentage of pretax earnings is based on a current estimate of the annual effective income tax rate adjusted to reflect the impact of discrete items.

During the three and six months ended June 30, 2021, our effective tax rate was 19.4% and 21.7%, respectively. Each rate was favorably impacted by recognition of a windfall tax benefit from equity vesting. During the three and six months ended June 30, 2020, our effective tax rate was 26.5% and 26.4%, respectively. Each rate was unfavorably impacted by recognition of a shortfall tax from equity vesting.