INCOME TAXES

3 Months Ended

Mar. 28, 2025

Income Tax Disclosure [Abstract]

INCOME TAXES

NOTE F: INCOME TAXES

Our effective tax rate (“ETR”) was 15.9% and 1.7% for first quarter 2025 and 2024, respectively. First quarter 2025 ETR was unfavorably impacted by the CAS disposal group divestiture, while first quarter 2024 ETR benefited from resolution of specific audit uncertainties and the favorable impact of excess tax benefits from equity-based compensation. The ETR for both periods benefited from favorable impacts of research and development (“R&D”) credits and tax deductions for foreign derived intangible income (“FDII”).