INCOME TAXES (Tables)

3 Months Ended

Mar. 31, 2024

Income Tax Disclosure [Abstract]

Schedule of Effective Income Tax Rate Reconciliation

A reconciliation of the provision for income taxes using the statutory federal income tax rate to our effective income tax rate is as follows below. The three months ended March 31, 2023 have been adjusted to conform to the current year presentation.

	Three Months Ended March 31,
	2024		2023
Federal statutory rate	21.0	%	21.0	%
State income taxes, net of federal benefit	2.8		2.3
Share based payment awards	(1.1)		(5.6)
Foreign tax credits	(1.7)		(0.7)
Other U.S. tax credits and incentives	(7.8)		(3.8)
Foreign	0.5		(1.0)
Section 162(m) limitation on compensation	1.2		1.1
Other	0.9		0.2
Effective income tax rate	15.8	%	13.5	%