INCOME TAXES |
6 Months Ended |
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Jun. 30, 2026 | |
| Income Tax Disclosure [Abstract] | |
| INCOME TAXES | INCOME TAXES The effective tax rate for the three months ended June 30, 2026 and 2025 was approximately 40% and 38%. The effective tax rate for the six months ended June 30, 2026 and 2025 was approximately 15% and 72%. The effective tax rate increase quarter over quarter is primarily due to the overall change in earnings. The effective tax rate decrease year over year is primarily due to the impact of discrete items relative to the change in overall earnings. The difference between our effective tax rate as compared to the U.S. statutory federal tax rate of 21% is primarily due to discrete tax benefits, partially offset by state and foreign income taxes. Our discrete items are primarily related to unrecognized tax benefits. Cash paid for income taxes, net of refunds, was $47 million and $130 million for the six months ended June 30, 2026 and 2025.
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