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Income Taxes
3 Months Ended
Jun. 28, 2024
Income Tax Disclosure [Abstract]  
Income Taxes Income Taxes
The following table summarizes our effective tax rate for the periods presented:
Three Months Ended
(In millions, except percentages)
June 28, 2024June 30, 2023
Income (loss) before income taxes$276 $201 
Income tax expense (benefit)$95 $14 
Effective tax rate34 %%
Our effective tax rate for the three months ended June 28, 2024, differs from the federal statutory income tax rate primarily due to state taxes, changes in unrecognized tax benefits and related interest and penalties, and the U.S. taxation on foreign earnings.
Our effective tax rate for the three months ended June 30, 2023, differs from the federal statutory income tax rate primarily due to tax benefits related to the set up and write-off of deferred tax items from an internal restructuring, partially offset by state taxes and the U.S. taxation on foreign earnings.