Income taxes	6 Months Ended
Dec. 28, 2019
Income taxes
Income taxes	8. Income taxes The Company’s effective tax rate on its income from continuing operations before taxes was 56.8% in the second quarter of fiscal 2020. During the second quarter of fiscal 2020, the Company’s effective tax rate was unfavorably impacted primarily by (i) a valuation allowance against interest deduction deferred tax assets, partially offset by (ii) the mix of income in lower tax jurisdictions. During the second quarter of fiscal 2019, the Company’s effective tax rate on its income before income taxes from continuing operations of 43.3% was unfavorably impacted primarily by (i) an adjustment to the one-time mandatory deemed repatriation tax liability recorded under the requirements of recent tax law and regulation changes in the United States (the “Act”) and (ii) increases in unrecognized tax benefits, partially offset by (iii) the mix of income in lower tax jurisdictions, and (iv) the release of valuation allowances against deferred tax assets that were deemed to be realizable. For the first six months of fiscal 2020, the Company’s effective tax rate on its income before income taxes from continuing operations was a benefit of 1.8%. The effective tax rate for the first six months of fiscal 2020 was favorably impacted primarily by (i) the release of unrecognized tax benefit reserves net of settlements and (ii) the mix of income in lower tax jurisdictions, partially offset by (iii) a valuation allowance against interest deduction deferred tax assets. During the first six months of fiscal 2019, the Company’s effective tax rate on its income before income taxes from continuing operations of 33.1% was unfavorably impacted primarily by (i) an adjustment to the one-time mandatory deemed repatriation tax liability recorded under the requirements of the Act and (ii) increases in unrecognized tax benefits, partially offset by (iii) an adjustment to the provisional deferred tax impacts of the Act, (iv) the mix of income in lower tax jurisdictions, and (v) the release of valuation allowances against deferred tax assets that were deemed to be realizable. The Company’s effective tax rates in fiscal years 2019 and 2020 are based on the Company’s interpretation of tax regulations under the Act. The Company has made a policy election to account for any impacts of the Global Intangible Low Taxed Income (“GILTI”) tax as a period expense. The Company’s effective tax rate may change in future periods due to changes in U.S. tax regulations and the issuance of additional guidance related to the Act.

Income taxes

6 Months Ended

Dec. 28, 2019

8. Income taxes

The Company’s effective tax rate on its income from continuing operations before taxes was 56.8% in the second quarter of fiscal 2020. During the second quarter of fiscal 2020, the Company’s effective tax rate was unfavorably impacted primarily by (i) a valuation allowance against interest deduction deferred tax assets, partially offset by (ii) the mix of income in lower tax jurisdictions.

During the second quarter of fiscal 2019, the Company’s effective tax rate on its income before income taxes from continuing operations of 43.3% was unfavorably impacted primarily by (i) an adjustment to the one-time mandatory deemed repatriation tax liability recorded under the requirements of recent tax law and regulation changes in the United States (the “Act”) and (ii) increases in unrecognized tax benefits, partially offset by (iii) the mix of income in lower tax jurisdictions, and (iv) the release of valuation allowances against deferred tax assets that were deemed to be realizable.

For the first six months of fiscal 2020, the Company’s effective tax rate on its income before income taxes from continuing operations was a benefit of 1.8%. The effective tax rate for the first six months of fiscal 2020 was favorably impacted primarily by (i) the release of unrecognized tax benefit reserves net of settlements and (ii) the mix of income in lower tax jurisdictions, partially offset by (iii) a valuation allowance against interest deduction deferred tax assets.

During the first six months of fiscal 2019, the Company’s effective tax rate on its income before income taxes from continuing operations of 33.1% was unfavorably impacted primarily by (i) an adjustment to the one-time mandatory deemed repatriation tax liability recorded under the requirements of the Act and (ii) increases in unrecognized tax benefits, partially offset by (iii) an adjustment to the provisional deferred tax impacts of the Act, (iv) the mix of income in lower tax jurisdictions, and (v) the release of valuation allowances against deferred tax assets that were deemed to be realizable.

The Company’s effective tax rates in fiscal years 2019 and 2020 are based on the Company’s interpretation of tax regulations under the Act. The Company has made a policy election to account for any impacts of the Global Intangible Low Taxed Income (“GILTI”) tax as a period expense. The Company’s effective tax rate may change in future periods due to changes in U.S. tax regulations and the issuance of additional guidance related to the Act.