TAXES ON INCOME

3 Months Ended

Mar. 31, 2019

Income Tax Disclosure [Abstract]

TAXES ON INCOME

TAXES ON INCOME

For the three months ended March 31, 2019 and 2018, the effective income tax rate was 23.7% and 22.5%, respectively. The effective income tax rate for the three months ended March 31, 2019 and 2018 benefited from $3 million and $8 million, respectively, of excess tax benefits associated with stock-based compensation arrangements.