Quarterly report pursuant to Section 13 or 15(d)

Income Taxes

v3.6.0.2
Income Taxes
3 Months Ended
Dec. 31, 2016
Income Tax Disclosure [Abstract]  
Income Taxes
Income Taxes
 
The effective tax rates for the three months ended December 31, 2016 and 2015 were 23.4% and 29.3%. The decrease in the effective tax rate during the three months ended December 31, 2016 was primarily due to the tax benefit recognized on share-based compensation and the favorable geographic mix of pretax income. These favorable items were partially offset by a reduction of the tax benefit from the domestic manufacturer’s deduction that resulted from the funding of our U.S. defined benefit pension plan.