Income Taxes (Tables)

3 Months Ended

Mar. 31, 2021

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,
	2021		2020
Statutory rate	21.0	%	21.0	%
State taxes	0.8		0.6
Taxes on foreign earnings	(10.9)		(4.1)
Tax credits	(3.7)		(1.0)
Purchased intangible assets	0.8		0.2
GILTI	0.9		0.6
Other	0.6		(0.1)
Effective tax rate	9.5	%	17.2	%