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INCOME TAXES
6 Months Ended
Jun. 30, 2021
Income Tax Disclosure [Abstract]  
INCOME TAXES INCOME TAXES
The tax provision for interim periods is determined using the estimated annual effective consolidated tax rate, based on the current estimate of full-year earnings and related estimated full year-taxes, adjusted for the impact of discrete quarterly items.
The effective tax rate for the three months ended June 30, 2021 and 2020, respectively, was 25.6% and 31.0%. The lower reported effective tax rate for the three months ended June 30, 2021 reflects additional tax benefits from employee stock-based compensation and a more favorable mix of earnings.
The effective tax rate for the six months ended June 30, 2021 and 2020, respectively, was 20.5% and 30.0%. The effective tax rate for the six months ended June 30, 2021 reflects additional tax benefits from employee stock-based compensation and a more favorable mix of earnings.