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Income Taxes
6 Months Ended
Jun. 30, 2023
Income Tax Disclosure [Abstract]  
Income Taxes Income Taxes:The effective income tax rate for the three-month and six-month period ended June 30, 2023 was 25.5% and 24.1%, respectively, compared to 22.2% and 24.2% for the three-month and six-month period ended June 30, 2022, respectively. The three-month period ended June 30, 2023 included tax expense related to an uncertain tax position in Chile offset by a tax benefit related to foreign derived intangible income. The Company’s effective income tax rate fluctuates based on, among other factors, the amount and location of income. The difference between the U.S. federal statutory income tax rate and our effective income tax rate for the three- and six-month periods ended June 30, 2023 was impacted by a variety of factors, primarily the location in which income was earned, foreign-derived intangible income and an uncertain tax position recorded in Chile and a non-deductible accrual for the agreements in principle to resolve a previously disclosed legal matter with the U.S. Department of Justice (“DOJ”), the SEC, and the Dutch Public Prosecutor (“DPP”) (see Note 9, “Commitments and Contingencies,” for further information). The difference between the U.S. federal statutory income tax rate and our effective income tax rate for the three- and six-month period ended June 30, 2022 was impacted by a variety of factors, primarily global intangible low-taxed income and the location in which income was earned.