Air Products and Chemicals APD Restructuring charges tax benefit
Restructuring charges tax benefit at other companies
Other financials
Where this comes from
Reported directly by Air Products and Chemicals in its filing.
Tagged under the XBRL concept apd:RestructuringChargesTaxAmount.
The source filing: Air Products and Chemicals’s 10-Q, filed July 31, 2025.
- Filed
- Jul 31, 2025
- Fiscal quarter
- Q3 FY2025
- Calendar quarter
- Q2 2025
- Accession
- 0000002969-25-000044
In fiscal year 2025, we recorded charges related to our decision to exit certain projects and other cost reduction measures as described in Note 4, Business and Asset Actions. These efforts resulted in a pre-tax charge of approximately $3 billion, which was primarily recorded during the second quarter. The related net tax benefit of $649.3 included a $22.5 cost for reserves established for uncertain tax positions related to the deductibility of business and asset actions incurred in foreign subsidiaries and a $15.2 cost primarily related to lower U.S. tax benefits for foreign-derived income. We also incurred a $41.8 increase in our valuation allowance related to tax benefits for foreign business and asset actions for which we could not recognize an income tax benefit.
Item 1. Financial Statements (Unaudited)
FAQ
- What is Air Products and Chemicals's restructuring charges tax benefit?
- Air Products and Chemicals (APD) reported restructuring charges tax benefit of $649.3M in Q2 2025.
- How has Air Products and Chemicals's restructuring charges tax benefit changed year-over-year?
- Air Products and Chemicals's restructuring charges tax benefit increased by 19575.8% year-over-year, from $3.3M to $649.3M.
- What does restructuring charges tax benefit mean?
- The tax benefit realized from the deductibility of restructuring-related expenses for income tax purposes. This metric quantifies the extent to which the company offsets its restructuring costs through reduced tax liabilities.
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