XML 24 R12.htm IDEA: XBRL DOCUMENT v3.23.2
INCOME TAXES
6 Months Ended
Jun. 30, 2023
Income Tax Disclosure [Abstract]  
INCOME TAXES INCOME TAXESThe 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, 2023 and 2022, respectively, was 25.1% and 28.9%. The effective tax rate for the six months ended June 30, 2023 and 2022, respectively, was 25.3% and 28.5%. The lower reported effective tax rate for the three and six months ended June 30, 2023 reflects the benefits from refining certain U.S. tax filing positions as well as the tax benefits from employee stock-based compensation.