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Income Taxes
6 Months Ended
Jul. 03, 2020
Income Tax Disclosure [Abstract]  
Income Taxes
Note Q — Income Taxes
Our effective tax rate (income taxes as a percentage of income from continuing operations before income taxes) was 17.3 percent in the quarter ended July 3, 2020 compared with 10.9 percent in the quarter ended June 28, 2019. In the quarter ended July 3, 2020, our effective tax rate benefited from the favorable impact of research and development (“R&D”) credits and the favorable impact of a net reduction of $12 million in our uncertain tax position balance, partially offset by the unfavorable impact of non-deductible goodwill impairment charges. In the quarter ended June 28, 2019, our effective tax rate benefited from the favorable impact of excess tax benefits related to equity-based compensation.
Our effective tax rate was 15.1 percent in the two quarters ended July 3, 2020 compared with 12.5 percent in the two quarters ended June 28, 2019. In addition to the items noted above for the quarter ended July 3, 2020, our effective tax rate for the two quarters ended July 3, 2020 was impacted by the favorable impact of excess tax benefits related to equity-based compensation. In addition to the items noted above for the quarter ended June 28, 2019, our effective tax rate for the two quarters ended June 28, 2019 benefited from favorable adjustments recorded upon the filing of our Federal tax returns.