Income Taxes	9 Months Ended
Mar. 31, 2020
Income Taxes
Income Taxes	10. Income Taxes The determination of the annual effective tax rate is based upon a number of significant estimates and judgments, including the estimated annual pretax income in each tax jurisdiction in which we operate, and the development of tax planning strategies during the year. In addition, as a global commercial enterprise, our tax expense can be impacted by changes in tax rates or laws, the finalization of tax audits and reviews, and other factors that cannot be predicted with certainty. As such, there can be significant volatility in interim tax provisions. During the three and nine months ended March 31, 2020, we recognized discrete tax benefits of $5.1 million and $12.0 million, respectively, resulting in an effective tax rate of -3.4% and 8.7%, respectively. This included discrete tax benefits primarily related to equity-based compensation under ASU 2016-09 and return to provision true-up adjustments. During the three and nine months ended March 31, 2019, we recognized a tax benefit for equity-based compensation of $0.7 million and $2.6 million, respectively, under ASU 2016-09 resulting in an effective tax rate of 26.0% and 24.2%, respectively. Excluding the impact of the discrete tax items noted above, our effective tax rate for the three and nine months ended March 31, 2020 was 23.7% and 26.7%, respectively, as compared to 28.6% and 28.4% in the prior-year three month and nine month periods, respectively.

Income Taxes

9 Months Ended

Mar. 31, 2020

10. Income Taxes

The determination of the annual effective tax rate is based upon a number of significant estimates and judgments, including the estimated annual pretax income in each tax jurisdiction in which we operate, and the development of tax planning strategies during the year. In addition, as a global commercial enterprise, our tax expense can be impacted by changes in tax rates or laws, the finalization of tax audits and reviews, and other factors that cannot be predicted with certainty. As such, there can be significant volatility in interim tax provisions.

During the three and nine months ended March 31, 2020, we recognized discrete tax benefits of $5.1 million and $12.0 million, respectively, resulting in an effective tax rate of -3.4% and 8.7%, respectively. This included discrete tax benefits primarily related to equity-based compensation under ASU 2016-09 and return to provision true-up adjustments. During the three and nine months ended March 31, 2019, we recognized a tax benefit for equity-based compensation of $0.7 million and $2.6 million, respectively, under ASU 2016-09 resulting in an effective tax rate of 26.0% and 24.2%, respectively. Excluding the impact of the discrete tax items noted above, our effective tax rate for the three and nine months ended March 31, 2020 was 23.7% and 26.7%, respectively, as compared to 28.6% and 28.4% in the prior-year three month and nine month periods, respectively.