XML 25 R13.htm IDEA: XBRL DOCUMENT v3.21.2
Income Taxes
9 Months Ended
Jul. 04, 2021
Income Tax Disclosure [Abstract]  
Income Taxes INCOME TAXESThe effective tax rate was 23.1% in the third quarter and 25.1% year-to-date fiscal year 2021, compared with 27.9% and 29.0%, respectively, in fiscal year 2020. The major components of the year-over-year decrease in tax rates were a decrease in the impact of non-deductible compensation for certain officers, an increase in non-taxable gains from the market performance of insurance products used to fund certain non-qualified retirement plans, a decrease in non-deductible costs resulting from a California Private Attorney General Act lawsuit settled in the prior year, and the release of reserves on state tax credits and losses, partially offset by an adjustment related to state taxes recorded in the second quarter of fiscal year 2021.