XML 28 R18.htm IDEA: XBRL DOCUMENT v3.23.1
Income Taxes
 3 Months Ended
Apr. 02, 2023
Income Tax Disclosure [Abstract]  
Income Taxes Income Taxes
We manage our affairs so that we are centrally managed and controlled in the United Kingdom (“U.K.”) and therefore have our tax residency in the U.K. The provision for income taxes consists of provisions for the U.K. and international income taxes. We operate in an international environment with operations in various locations outside the U.K. Accordingly, the consolidated income tax rate is a composite rate reflecting the earnings in the various locations and the applicable rates.
The effective income tax rate on continuing operations for the Quarter ended April 2, 2023, was 116.0%, compared to 24.5% for the Quarter ended March 27, 2022. The rate was impacted by non-deductible expenses and a deferred tax credit, primarily in relation to the U.S. pension buyout.