XML 103 R88.htm IDEA: XBRL DOCUMENT v3.22.4
INCOME TAXES - Effective Income Tax Rate (Details)
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Income Tax Disclosure [Abstract]      
Statutory federal income tax rate 21.00% 21.00% 21.00%
Increase (decrease) in tax rate resulting from:      
State income taxes (net of federal income tax benefit) (1.80%) 0.90% 0.40%
Foreign income taxed at different rates than U.S. statutory rate 0.10% (4.40%) (0.50%)
U.S. federal permanent differences related to the TCJA (7.00%) (5.60%) (0.90%)
Compensation related 0.90% (0.30%) (0.50%)
Other 0.30% (0.30%) (0.20%)
Effective income tax rate before adjustments related to the unrealized gain on the Retained Vontier Shares 13.50% 11.30% 19.30%
Adjustment for the unrealized gain on the Retained Vontier Shares 0.00% (2.00%) (15.60%)
Effective income tax rate after adjustments related to the unrealized gain on the Retained Vontier Shares 13.50% 9.30% 3.70%