Income Taxes

9 Months Ended

Jul. 01, 2023

Income Tax Disclosure [Abstract]

Income Taxes

Income Taxes

The effective tax rate for the three and nine months ended July 1, 2023 was 15.8% and 21.3%, respectively and was lower than expected from applying the U.S. federal statutory tax rate of 21% to earnings before income taxes due to beneficial provision to return adjustments in the quarter ended July 1, 2023, primarily associated with an increase in the U.S. research and development tax credit, partially offset by tax on earnings generated outside the U.S.

The effective tax rate for the three and nine months ended July 2, 2022 was 15.7% and 21.4%, respectively and was lower than expected from applying the U.S. federal statutory tax rate of 21% to earnings before income taxes due to beneficial provision to return adjustments in the quarter ended July 2, 2022, primarily associated with an increase in the U.S. research and development tax credit, partially offset by tax on earnings generated outside the U.S.