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Provision For Income Taxes
6 Months Ended
Jun. 28, 2024
Income Tax Disclosure [Abstract]  
PROVISION FOR INCOME TAXES PROVISION FOR INCOME TAXES
The effective tax rates for the three and six months ended June 30, 2024, were 22.8% and 23.0%, respectively, as compared to 19.1% and 18.5%, respectively, for the corresponding periods in 2023. The effective tax rates for the three and six months ended June 30, 2024, differed from the U.S. federal statutory tax rate of 21% primarily due to state taxes, offset by the generation of federal tax credits. The effective tax rates for the three and six months ended June 30, 2023, differed from the U.S. federal statutory tax rate of 21%, primarily due to the generation of federal tax credits, partially offset by state taxes.