Three-month periods ended June 30 ($ in millions)

2023

2022

Income taxes computed at applicable statutory rates

$

62

24.2

%

$

171

25.7

%

Adjustments recognized in the current period for income taxes of prior periods

(13)

(5.3)

(6)

(0.9)

(Non-taxable) non-deductible amounts, net

2

0.8

1

0.2

Withholding and other taxes

2

0.8

7

1.0

Losses not recognized

5

1.9

1

0.2

Foreign tax differential

4

1.5

(8)

(1.3)

Other

1

0.4

1

0.1

Income tax expense per Consolidated statements of income and other comprehensive income

$

63

24.3

%

$

167

25.0

%

Six-month periods ended June 30 ($ in millions)

2023

2022

Income taxes computed at applicable statutory rates

$

125

23.3

%

$

311

25.6

%

Adjustments recognized in the current period for income taxes of prior periods

(12)

(2.2)

(6)

(0.5)

(Non-taxable) non-deductible amounts, net

(7)

(1.3)

(1)

(0.0)

Withholding and other taxes

9

1.7

15

1.2

Losses not recognized

8

1.5

3

0.2

Foreign tax differential

(7)

(1.3)

(11)

(0.9)

Other

2

0.3

—

Income tax expense per Consolidated statements of income and other comprehensive income

$

118

22.0

%

$

311

25.6

%