Income Taxes

6 Months Ended

Mar. 31, 2023

Income Tax Disclosure [Abstract]

INCOME TAXES

INCOME TAXES

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

	Three Months Ended						Six Months Ended
	March 31, 2023			April 1, 2022			March 31, 2023			April 1, 2022
United States income taxes	$	16.1		$	34.3		$	42.5		$	52.7
Foreign income taxes	10.9			14.0			25.8			31.9
Provision for income taxes	$	27.0		$	48.3		$	68.3		$	84.6
Effective tax rate	10.4		%	13.7		%	11.2		%	10.7		%

The difference between the Company’s effective tax rate and the 21.0% United States federal statutory rate for the three and six months ended March 31, 2023 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. In addition to the aforementioned factors, the difference between the Company’s effective tax rate and the 21.0% United States federal statutory rate for the three and six months ended April 1, 2022 was due to windfall tax deductions.