Income Taxes

3 Months Ended

Dec. 31, 2021

The provision for income taxes consists of the following components (in millions):


	Three Months Ended
	December 31, 2021			January 1, 2021
United States income taxes	$	18.4		$	41.0
Foreign income taxes	17.8			20.6
Provision (benefit) for income taxes	$	36.2		$	61.6

Effective tax rate	8.3		%	10.8		%

The difference between the Company’s effective tax rate and the 21.0% United States federal statutory rate for the three months ended December 31, 2021, and January 1, 2021, respectively, resulted primarily from foreign earnings taxed at rates lower than the federal statutory rate, a benefit from foreign-derived intangible income deduction (“FDII”), windfall tax deductions, and research and experimentation and foreign tax credits earned, partially offset by a tax on global intangible low-taxed income (“GILTI”), and tax expense related to a change in the reserve for uncertain tax positions.

- Definition

The entire disclosure for income taxes. Disclosures may include net deferred tax liability or asset recognized in an enterprise's statement of financial position, net change during the year in the total valuation allowance, approximate tax effect of each type of temporary difference and carryforward that gives rise to a significant portion of deferred tax liabilities and deferred tax assets, utilization of a tax carryback, and tax uncertainties information.

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