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INCOME TAXES
6 Months Ended
Jun. 30, 2026
INCOME TAXES  
INCOME TAXES

NOTE 8. INCOME TAXES

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Our effective income tax rates for the second quarters and six months ended June 30, 2026 were 24.7% and 24.4%, respectively, compared to 23.0% and 23.3% for the respective 2025 periods. The differences between our effective income tax rates and the U.S. federal statutory rate of 21.0% were mainly due to state income taxes partially offset by the net effects of company-owned life insurance policies.