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Income Taxes (Tables)
9 Months Ended
Mar. 30, 2019
Income Tax Disclosure [Abstract]  
Schedule of Effective Income Tax Rate Reconciliation The impact to the provision for performance-based stock-based compensation and the impact of the reduction in tax rate under the Act are summarized as follows

 

 

Nine months ended March 30, 2019

 

 

Nine months ended March 31, 2018

 

(Dollars in millions)

 

Income Tax Expense

 

 

Effective Tax Rate

 

 

Income Tax

(Benefit) Expense

 

 

Effective Tax Rate

 

Income tax expense (benefit), reported

 

$

31.6

 

 

 

23.4

%

 

$

(19.2

)

 

 

-16.7

%

Reverse effects of:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Revaluation of net deferred income tax liability

 

 

 

 

 

 

 

 

(38.5

)

 

 

-33.4

%

Stock-based compensation - performance vesting

 

 

 

 

 

 

 

 

(15.4

)

 

 

-13.4

%

Income tax expense, excluding benefits

 

$

31.6

 

 

 

23.4

%

 

$

34.7

 

 

 

30.1

%