Income Taxes (Tables)

9 Months Ended

Sep. 30, 2022

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 September 30,				For the Nine Months Ended September 30,
	2022		2021		2022		2021
Statutory rate	21.0	%	21.0	%	21.0	%	21.0	%
State taxes	1.9		0.3		1.1		0.9
Taxes on foreign earnings	(3.4)		(20.2)		(4.4)		(11.5)
Tax credits	(1.4)		(7.1)		(1.5)		(4.1)
Purchased intangible assets	0.1		(6.2)		0.2		(1.4)
GILTI	0.8		2.6		0.5		1.6
Sale of Samsung Bioepis	(0.8)		—		(1.9)		—
Litigation settlement agreement	(1.2)		—		3.1		—
Neurimmune tax impacts	—		(0.5)		2.8		(36.4)
International reorganization	—		—		(1.7)		—
Other	0.2		1.2		0.2		0.7
Effective tax rate	17.2	%	(8.9)	%	19.4	%	(29.2)	%