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Income Taxes
 6 Months Ended
Nov. 30, 2024
Income Tax Disclosure [Abstract]  
Income Taxes Income Taxes
The Company's process for determining the provision for income taxes for the three and six months ended November 30, 2024, involved using an estimated annual effective tax rate which was based on expected annual income and statutory tax rates across the various jurisdictions in which it operates. The effective tax rates were 21.8% and 21.4%, respectively, for the three month periods ended November 30, 2024, and December 2, 2023. The year over year change in the effective tax rate for the three months ended November 30, 2024, resulted from the current quarter having a mix of earnings in tax jurisdictions that had rates that were higher than the prior year quarter. For the three months ended November 30, 2024, the effective tax rate is slightly higher than the United States federal statutory rate due to United States state income taxes and the mix of earnings in tax jurisdictions that had rates that were higher than the United States federal statutory rate. For the three months ended December 2, 2023, the effective tax rate was slightly higher than the United States federal statutory rate due to United States state income taxes and the mix of earnings in tax jurisdictions that had rates that were higher than the United States federal statutory rate.
The effective tax rates were 20.0% and 22.4%, respectively, for the six months ended November 30, 2024, and December 2, 2023. The year over year decrease in the effective rate for the six months ended November 30, 2024, resulted from the current six months having favorable discrete impacts from stock compensation and return to provision true-ups related to the United States research and development tax credit and the prior year quarter having unfavorable discrete impacts related to stock compensation. For the six months ended November 30, 2024, the effective tax rate is lower than the United States federal statutory rate due to favorable discrete impacts from stock compensation and return to provision true-ups related to the United States research and development tax credit. For the six months ended December 2, 2023, the effective tax rate is higher than the United States federal statutory rate due to United States state income taxes and the mix of earnings in tax jurisdictions that had rates that were higher than the United States federal statutory rate coupled with less favorable foreign tax credit impacts from the recapture of an overall domestic loss carryover.
The Company recognizes interest and penalties related to uncertain tax benefits through Income tax expense in its Condensed Consolidated Statements of Comprehensive Income. Interest and penalties recognized in the Company's Condensed Consolidated Statements of Comprehensive Income were negligible for the three and six months ended November 30, 2024, and December 2, 2023.
The Company's recorded liability for potential interest and penalties related to uncertain tax benefits was:
(In millions)November 30, 2024June 1, 2024
Liability for interest and penalties$0.9 $0.8 
Liability for uncertain tax positions, current$1.6 $1.5 
The Company is subject to periodic audits by domestic and foreign tax authorities. Currently, the Company is undergoing routine periodic audits in both domestic and foreign tax jurisdictions. It is reasonably possible that the amounts of unrecognized tax benefits could change in the next twelve months as a result of these audits. Tax payments related to these audits, if any, are not expected to be material to the Company's Condensed Consolidated Statements of Comprehensive Income.
For the majority of tax jurisdictions, the Company is no longer subject to state, local, or non-United States income tax examinations by tax authorities for fiscal years before 2019.