XML 22 R12.htm IDEA: XBRL DOCUMENT v3.5.0.2
Income Taxes
6 Months Ended
Jun. 30, 2016
Income Tax Disclosure [Abstract]  
Income Taxes

NOTE G - Income Taxes

The effective tax rate for the second quarter of 2016 declined to 25.5% from 31.4% for the second quarter of 2015, and the effective tax rate for the first half of 2016 was 152.3% compared to 32.0% in the same period of 2015. Substantially all of the difference in tax rates for both periods was due to the non-taxable favorable $109.6 adjustment to the European Commission (EC) charge in the second quarter of 2016 and the non-deductible expense of $833.0 for the EC charge in the first half of 2016.