Income Taxes

3 Months Ended

Sep. 30, 2023

Income Tax Disclosure [Abstract]

Income Taxes

INCOME TAXES

	Three Months Ended   September 30,
	2023			2022
	(in millions)
Provision for income taxes	$	22.0		$	5.0
Effective tax rate	19.5		%	9.0		%
Excess tax benefits	$	5.0		$	6.7

The increase in the effective tax rate for the three months ended September 30, 2023 was driven by lower discrete tax benefits including a lower excess tax benefit related to equity compensation, relative to pre-tax income as compared to the prior year period.