v3.25.4
INCOME TAXES
6 Months Ended
Dec. 31, 2025
Income Tax Disclosure [Abstract]  
INCOME TAXES INCOME TAXES
Three Months Ended 
 December 31,
Six Months Ended 
 December 31,
2025202420252024
(in millions)
Provision for income taxes$85.7 $33.6 $133.4 $54.1 
Effective tax rate23.1 %19.1 %22.9 %19.6 %
Excess tax benefits$0.4 $3.2 $2.3 $6.3 

The increase in the effective tax rate for the three months ended December 31, 2025 was primarily driven by an increase in pre-tax income relative to total discrete tax benefits.

The increase in the effective tax rate for the six months ended December 31, 2025 was primarily driven by an increase in pre-tax income relative to total discrete tax benefits.