v3.25.1
Income Taxes
 9 Months Ended
Mar. 31, 2025
Income Tax Disclosure [Abstract]  
Income Taxes INCOME TAXES
Three Months Ended 
 March 31,		Nine Months Ended 
 March 31,
2025202420252024
(in millions)
Provision for income taxes$67.8 $52.9 $121.9 $92.3 
Effective tax rate21.8 %19.8 %20.8 %19.8 %
Excess tax benefits$5.2 $3.2 $11.5 $9.5 

The increase in the effective tax rate for the three months ended March 31, 2025 was primarily driven by lower discrete tax benefits, partially offset by a higher excess tax benefit related to equity compensation.

The increase in the effective tax rate for the nine months ended March 31, 2025 was primarily driven by an increase in pre-tax income relative to total discrete tax benefits. The higher excess tax benefit related to equity compensation was offset by a decrease in other discrete tax benefits.