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Income Taxes
6 Months Ended
Apr. 02, 2016
Income Tax Disclosure [Abstract]  
Income Taxes
INCOME TAXES
The effective tax rate was 32.7% and 35.6% for the second quarter of fiscal 2016 and 2015, respectively and 34.0% and 32.4% for the first six months of fiscal 2016 and 2015, respectively. The effective tax rates for the second quarter and first six months of fiscal 2016 and fiscal 2015 were impacted by such items as the domestic production deduction, state income taxes and losses in foreign jurisdictions for which no benefit is recognized. In addition, changes in tax reserves resulting from the expiration of statutes of limitations reduced the effective tax rate for the second quarter of fiscal 2016 by 2.9% and the first six months of fiscal 2016 and 2015 by 1.4% and 3.2%, respectively.
Unrecognized tax benefits were $300 million and $306 million at April 2, 2016, and October 3, 2015, respectively.
We estimate that during the next twelve months it is reasonably possible that unrecognized tax benefits could decrease by as much as $43 million primarily due to settlements with taxing authorities and expiration of statutes of limitations in various jurisdictions.