Income Taxes

6 Months Ended

Jun. 30, 2023

Income Tax Disclosure [Abstract]

Income Taxes

NOTE H - Income Taxes

The effective tax rate for the second quarter of 2023 was 22.1% compared to 21.9% for the second quarter of 2022. The effective tax rate for the first six months of 2023 was 21.4% compared to 22.0% for the first six months of 2022. The higher effective tax rate in the

second quarter of 2023 was primarily due to a higher mix of pre-tax income in jurisdictions with higher tax rates. The lower effective tax rate in the first half of 2023 reflect a lower mix of foreign pre-tax income.