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  "documentTitle": "Stryker Corp. (SYK)",
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  "authorName": "Ben Axler",
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  "presentationDate": "2022-04-06 00:00:00",
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      "text": "Foreign EBT Margins Wildly Higher Than U.S. EBT Margin",
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      "text": "Stryker Claiming Higher Foreign Income Tax Benefits Despite Foreign EBT Falling And Comprising A Smaller % of Total EBT. “Other” Benefits Also Lowering Effective Taxes",
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      "text": "Upon closer inspection, we see that Stryker's foreign earnings before income taxes (“EBT”) has been falling as a percentage of total EBT, and its foreign margins are falling, yet it is claiming greater U.S. tax benefits.",
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      "text": "Upon closer inspection, we see that Stryker’s foreign earnings before income taxes (“EBT”) has been falling as a percentage of total EBT, and its foreign margins are falling, yet it is claiming greater U.S. tax benefits.",
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      "text": "Effective Income Tax Rate: 12.6%",
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      "text": "Source: Spruce Point Analysis",
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      "text": "Source: Stryker 10-K Annual Report",
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