INCOME TAXES

9 Months Ended

Sep. 30, 2023

Income Tax Disclosure [Abstract]

INCOME TAXES

INCOME TAXES

Our provision for income taxes for the three months ended September 30, 2023 and 2022 reflected effective tax rates of 17.2% and 80.0%, respectively. The year-over-year change in the effective tax rate was primarily related to losses in jurisdictions with a full valuation allowance and a change in geographical profit mix year over year.

Our provision for income taxes for the nine months ended September 30, 2023 and 2022 reflected effective tax rates of 95.1% and 121.0%, respectively. The year-over-year change in the effective tax rate was primarily related to losses in jurisdictions with a full valuation allowance, a change in other discrete adjustments and in geographical profit mix year over year.

Our effective tax rate can fluctuate depending on our country mix of earnings, since our foreign earnings are generally subject to higher tax rates than in the United Kingdom.