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Income Taxes - Reconciliation of Federal Statutory Income Tax Rate to Effective Tax Rate (Detail)
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Income Tax Disclosure [Abstract]      
Federal statutory income tax rate [1] 23.50% 19.00% 19.00%
Tax effect of international operations [2] (13.20%) (7.60%) (5.10%)
Change in valuation allowances 2.20% 1.00% (0.20%)
Excess tax benefits on stock-based compensation (0.10%) (0.20%) (1.10%)
Unrecognized tax benefits 0.00% 0.00% (1.30%)
Effective Income Tax Rate Reconciliation, Worthless Stock Deduction, Percentage (5.00%) 0.00% 0.00%
Change in tax basis in foreign assets [3] (8.00%) 0.00% 0.00%
Effective tax rate (0.60%) 12.20% 11.30%
[1] The U.K. Finance Act of 2021 increased the statutory tax rate from 19.0% to 25.0%, effective April 1, 2023. Given this change, a prorated U.K. federal statutory income tax rate was utilized for 2023.
[2] The tax effect of international operations consists of non-U.K. jurisdictions.
[3] The 2023 impact primarily represents the initial recognition of tax basis in intangible assets in foreign jurisdictions and the related valuation allowance.