Income Taxes |
3 Months Ended |
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Jun. 27, 2026 | |
| Income Tax Disclosure [Abstract] | |
| Income Taxes | Income Taxes Effective Tax Rate The Company's effective tax rate, which is calculated by dividing each fiscal period's income tax provision by pretax income, was 23.4% and 20.7% during the three-month periods ended June 27, 2026 and June 28, 2025, respectively. The effective tax rate for the three months ended June 27, 2026 was higher than the U.S. federal statutory income tax rate of 21% primarily due to the recognition of uncertain tax position adjustments, state taxes, and permanent adjustments, partly offset by the favorable tax impacts of stock-based compensation related adjustments and the deduction for foreign-derived eligible income. The effective tax rate for the three months ended June 28, 2025 was lower than the U.S. federal statutory income tax rate of 21% primarily due to favorable tax impacts of the foreign-derived intangible income deduction and tax impacts of compensation-related adjustments, partly offset by the unfavorable impact of additional income tax reserves associated with certain income tax audits. Uncertain Income Tax Benefits The Company classifies interest and penalties related to unrecognized tax benefits as part of its income tax provision. The total amount of unrecognized tax benefits, including interest and penalties, was $176.9 million and $168.7 million as of June 27, 2026 and March 28, 2026, respectively, and was included within the non-current liability for unrecognized tax benefits in the consolidated balance sheets. The total amount of unrecognized tax benefits that, if recognized, would affect the Company's effective tax rate was $112.7 million and $104.4 million as of June 27, 2026 and March 28, 2026, respectively. Future Changes in Unrecognized Tax Benefits The total amount of unrecognized tax benefits relating to the Company's tax positions is subject to change based on future events including, but not limited to, settlements of ongoing tax audits and assessments and the expiration of applicable statutes of limitations. The Company files a consolidated U.S. federal income tax return, as well as tax returns in various state, local, and foreign jurisdictions. The Company is generally no longer subject to examinations by the relevant tax authorities for years prior to its fiscal year ended April 2, 2016.
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