Income Taxes (Tables)

3 Months Ended

Mar. 31, 2020

Income Tax Disclosure [Abstract]

Reconciliation between the U.S. federal statutory tax rate and effective tax rate

A reconciliation between the U.S. federal statutory tax rate and our effective tax rate is summarized as follows:

	For the Three Months Ended March 31,
	2020		2019
Statutory rate	21.0	%	21.0	%
State taxes	0.6		0.4
Taxes on foreign earnings	(4.1	)	(4.6	)
Credits and net operating loss utilization	(1.0	)	(0.8	)
Purchased intangible assets	0.2		0.3
Divestiture of Denmark manufacturing operations	—		4.3
GILTI	0.6		1.9
Other permanent items	0.2		0.4
Other	(0.3	)	(0.2	)
Effective tax rate	17.2	%	22.7	%