Income Taxes

3 Months Ended

Mar. 31, 2020

Income Tax Disclosure [Abstract]

Income Taxes

INCOME TAXES 

Our effective income tax rate was 18.2% for the three months ended March 31, 2020, as compared to 17.7% for the three months ended March 31, 2019. The increase in our effective tax rate for the three months ended March 31, 2020, as compared to the same period in the prior year, was primarily driven by regional earnings mix, with relatively lower statutory earnings subject to lower international tax rates than domestic tax rates, partially offset by higher tax benefits from share-based compensation.

The effective tax rate for the three months ended March 31, 2020, differed from the U.S. statutory tax rate of 21% primarily due to tax benefits from share-based compensation.