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Income Taxes
3 Months Ended
Mar. 31, 2026
Income Tax Disclosure [Abstract]  
Income Taxes Income Taxes
The following table shows our effective income tax rate for the three months ended March 31:
20262025
Effective income tax rate26.7 %23.6 %

The increase in the effective tax rate for the three months ended March 31, 2026 compared to the three months ended March 31, 2025 was primarily due to the impact of the structure of our ownership interest in the GABX joint venture and the mix of income between jurisdictions where it is taxed at 100% and jurisdictions where it is disregarded for income tax purposes and only taxed at the shareholder ownership percentage. The rate in both periods included incremental benefits associated with equity awards vested or exercised and a mix of pre-tax income among domestic and foreign jurisdictions, which are taxed at different rates.