XML 22 R11.htm IDEA: XBRL DOCUMENT v3.25.2
Income Taxes
 6 Months Ended
Jun. 30, 2025
Income Tax Disclosure [Abstract]  
Income Taxes Income Taxes.
Three months ended June 30,Six months ended June 30,
2025202420252024
Income tax expense
$4.8 $32.0 $2.6 $28.9 
Effective tax rate27.9 %70.6 %26.5 %92.9 %
The effective tax rate on the income from continuing operations was 27.9% and 26.5% for the three and six months ended June 30, 2025, respectively. The effective tax rate on the income from continuing operations was 70.6% and 92.9% for the three and six months ended June 30, 2024, respectively. For all periods noted, the effective tax rate differed compared to the U.S. federal statutory rate due to expected jurisdictional mix of earnings, U.S. tax on foreign income and other expected permanent tax differences relative to pretax earnings. Additionally, for the three months ended June 30, 2025, the Company recorded a net discrete tax benefit. The Company is in the process of analyzing the long-term tax impact of the legislation commonly referred to as the One Big Beautiful Bill Act, which was enacted on July 4, 2025.