Income Taxes (Tables)

9 Months Ended

Sep. 30, 2020

Reconciliation of Federal Statutory Tax Rate to Effective Income Tax Rate

The reconciliation of the federal statutory tax rate to the effective income tax rate was as follows for the periods indicated:

	Three months ended September 30,						Nine months ended September 30,
	2020			2019			2020			2019
Statutory U.S. federal income tax rate		21.0	%		21.0	%		21.0	%		21.0	%
Increase (reduction) in rate resulting from:
Swaps terminated prior to the TCJA		2.6			1.2			4.3			3.2
Provision to return adjustments		0.8			(1.6	)		0.7			(0.4	)
Effect of foreign operations		1.1			(0.8	)		1.8			2.5
Other, net		0.1			0.1			0.8			0.3
Effective rate		25.6	%		19.9	%		28.6	%		26.6	%