Income Taxes

3 Months Ended

Dec. 30, 2022

Income Tax Disclosure [Abstract]

INCOME TAXES

INCOME TAXES

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

	Three Months Ended
	December 30, 2022			December 31, 2021
United States income taxes	$	26.4		$	18.4
Foreign income taxes	14.9			17.8
Provision for income taxes	$	41.3		$	36.2
Effective tax rate	11.8		%	8.3		%

The difference between the Company’s effective tax rate and the 21.0% United States federal statutory rate for the three months ended December 30, 2022 resulted primarily from foreign earnings taxed at rates lower than the federal statutory rate, a benefit from foreign-derived intangible income deduction (“FDII”), 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.

The difference between the Company’s effective tax rate and the 21.0% United States federal statutory rate during the three months ended December 31, 2021 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.