XML 37 R25.htm IDEA: XBRL DOCUMENT v3.21.1
Income taxes
3 Months Ended
Mar. 31, 2021
Income Tax Disclosure [Abstract]  
Income taxes

Note 18. Income taxes

Our consolidated effective income tax rate for the first quarter was 18.5% in 2021 and 21.2% in 2020. Our effective income tax rate normally reflects recurring benefits from dividends-received deductions applicable to investments in equity securities and production tax credits related to wind-powered electricity generation placed in service in the U.S. Our periodic effective income tax rate will also vary due to the changes in mix of pre-tax earnings, the magnitude of gains or losses with respect to our investments in equity securities, the amount of non-deductible goodwill impairment charges and other expenses and the underlying income tax rates applicable in the various taxing jurisdictions.