Income Taxes

3 Months Ended

Mar. 29, 2025

Income Tax Disclosure [Abstract]

Income Taxes

Income Taxes

The Corporation’s tax provision for interim periods is determined using an estimate of its annual effective tax rate, adjusted for discrete items. The following table summarizes the Corporation’s income tax provision:

	Three Months Ended
	March 29, 2025			March 30, 2024
Income before income taxes	$	18.9		$	22.0
Income taxes	$	5.0		$	4.3
Effective tax rate	26.3		%	19.6		%

The Corporation’s effective tax rate was higher in the three months ended March 29, 2025, compared to the same period last year due primarily to the current-quarter impairment charge recorded at HNI India that was not deductible for income tax purposes. See "Note 3. Held for Sale" for more information.