Income Taxes

6 Months Ended

Jun. 30, 2020

Income Tax Disclosure [Abstract]

Income Taxes

INCOME TAXES 

Our effective income tax rate was 18.9% for the three months ended June 30, 2020, as compared to 19.5% for the three months ended June 30, 2019, and 18.6% for the six months ended June 30, 2020, as compared to 18.7% for the six months ended June 30, 2019. The decrease in our effective tax rate for the three and six months ended June 30, 2020, as compared to the same period in the prior year, was primarily driven by regional earnings mix, with relatively higher statutory earnings subject to lower international tax rates than domestic tax rates.

The effective tax rate for the three and six months ended June 30, 2020, differed from the U.S. statutory tax rate of 21% primarily due tax benefits from share-based compensation.