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Income Taxes
9 Months Ended
Jun. 30, 2025
Income Tax Disclosure [Abstract]  
Income Taxes Income Taxes
Income Tax Expense
The Company’s effective income tax rates were 18.3% and 2.6% for the three months ended June 30, 2025 and 2024, respectively, and were 13.6% and 12.5% for the nine months ended June 30, 2025 and 2024, respectively. The increase in the Company’s effective tax rate for the three months ended June 30, 2025 primarily reflected an unfavorable tax impact from discrete items in the current-year period compared with a benefit recognized from discrete items recognized in the prior-year period.
Subsequent Event-New Legislation
On July 4, 2025, the One Big Beautiful Bill Act (the “OBBB Act”) was enacted. The OBBB Act introduces amendments to U.S. tax laws, which will become effective on various dates from 2025 to 2027. The Company is assessing the implications of this new U.S. tax legislation but does not currently expect that it will materially impact the Company’s consolidated financial results in fiscal year 2025.