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Income Taxes
9 Months Ended
Jun. 30, 2015
Income Tax Disclosure [Abstract]  
Income Taxes
NOTE 10: INCOME TAXES
Income tax expense is provided at the U.S. tax rate on financial statement earnings, adjusted for the difference between the U.S. tax rate and the rate of tax in effect for non-U.S. earnings deemed to be permanently reinvested in our non-U.S. operations. Deferred income taxes have not been provided for the potential remittance of non-U.S. undistributed earnings to the extent those earnings are deemed to be permanently reinvested, or to the extent such recognition would result in a deferred tax asset.
The effective tax rate from continuing operations for the three-month period ended June 30, 2015 was 29% of pre-tax income compared to 10% for the three-month period ended June 30, 2014. The effective tax rate for the three-month period ended June 30, 2015 was higher primarily due to the elimination of the tax rate differential on discontinued foreign operations, a reduction of costs paid to offshore affiliates and lower non-U.S. undistributed earnings.
The effective tax rate from continuing operations for the nine-month period ended June 30, 2015 was 29% of pre-tax income compared to 18% for the nine-month period ended June 30, 2014. The effective tax rate for the nine-month period ended June 30, 2014 was lower primarily due to the elimination of the tax rate differential on discontinued foreign operations, a reduction of costs paid to offshore affiliates and lower non-U.S. undistributed earnings.