Six months ended
June 30,

2025

2024

Income (loss) before income taxes

$

829

$

(233

)

Estimated annualized effective tax rate

15.5

%

105.1

%

Income tax expense (benefit)

$

128

$

(245

)

(Favorable) unfavorable tax impact related to losses in jurisdictions with no tax benefit

(4

)

288

Discrete tax expense

6

—

Provision for income taxes

$

130

$

43