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

2024

2023

Income taxes computed at applicable statutory rates

$

72

23.8

%

$

62

24.2

%

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

(6)

(2.0)

(13)

(5.3)

(Non-taxable) non-deductible amounts, net

4

1.3

2

0.8

Withholding and other taxes

12

4.0

2

0.8

Losses not recognized

2

0.7

5

1.9

Foreign tax differential

(2)

(0.7)

4

1.5

Other

(3)

(0.8)

1

0.4

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

$

79

26.3

%

$

63

24.3

%

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

2024

2023

Income taxes computed at applicable statutory rates

$

113

23.5

%

$

125

23.3

%

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

(6)

(1.2)

(12)

(2.2)

Pillar Two global minimum tax

1

0.2

—

(Non-taxable) non-deductible amounts, net

(7)

(1.6)

(7)

(1.3)

Withholding and other taxes

19

4.0

9

1.7

Losses not recognized

3

0.6

8

1.5

Foreign tax differential

(3)

(0.6)

(7)

(1.3)

Other

—

2

0.3

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

$

120

24.9

%

$

118

22.0

%