Quarterly report pursuant to Section 13 or 15(d)

Income Taxes

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Income Taxes
9 Months Ended
Jun. 30, 2022
Income Tax Disclosure [Abstract]  
Income Taxes Income Taxes
 
The effective tax rates for the three months ended June 30, 2022 and 2021 were 31.3% and 37.0%, respectively. The decrease in the effective tax rate was primarily driven by a decrease in the recognition of net domestic taxes on foreign earnings and the unfavorable impact of German tax legislation in the prior period that did not repeat, partially offset by the revaluation of deferred tax balances as a result of foreign currency fluctuations.

The effective tax rates for the nine months ended June 30, 2022 and 2021 were 32.6% and 30.3%, respectively. The increase in the effective tax rate was primarily driven by an unfavorable geographic mix of income, an unfavorable change in an estimate related to tax credits that had been recognized in the prior period, the impact of divestitures, and the revaluation of deferred tax balances as a result of foreign currency fluctuations, partially offset by a decrease in the recognition of net domestic taxes on foreign earnings and the unfavorable impact of German tax legislation in the prior period that did not repeat.