Income Taxes (Tables)

6 Months Ended

Jun. 30, 2021

Income Tax Disclosure [Abstract]

Summary of Income Taxes Reconciled with Federal Statutory Rate

The estimated annual effective income tax rate differs from the U.S. federal statutory tax rate due to:

	June 30,
	2021			2020
Federal income tax rate		21.0	%		21.0	%
Foreign earnings taxed at different rates		3.2			3.1
Nondeductible expenses		1.1			1.5
State income taxes, net of federal tax benefit		0.6			0.6
Change in tax contingency reserves		0.1			0.1
GILTI inclusion, net of foreign tax credits		(0.2	)		1.3
Other		0.0			0.2
Estimated annual effective income tax rate		25.8	%		27.8	%