Taxes on Income

9 Months Ended

Sep. 30, 2011

Taxes on Income

Taxes on Income

Note 5—Taxes on Income

The effective tax rate for the three and nine months ended September 30, 2011 was 29.2% and 38.1%, respectively. The provision for taxes on income of $89.9 million in the three months ended September 30, 2011 increased from $20.9 million in the three months ended September 30, 2010, primarily due to higher income before income taxes, changes in geographic earnings mix and changes in losses in certain non-U.S. jurisdictions for which tax benefits cannot be realized. The provision for taxes on income of $102.3 million in the nine months ended September 30, 2011 increased from $14.7 million in the nine months ended September 30, 2010, primarily due to higher income before income taxes, changes in geographic earnings mix and changes in losses in certain non-U.S. jurisdictions for which tax benefits cannot be realized.