ITT ITT Unrecognized Tax Benefits
Unrecognized Tax Benefits at other companies
Other financials
Where this comes from
Reported directly by ITT in its filing.
Tagged under the XBRL concept us-gaap:SignificantChangeInUnrecognizedTaxBenefitsIsReasonablyPossibleAmountOfUnrecordedBenefit.
The source filing: ITT’s 10-Q, filed August 6, 2026.
- Filed
- Aug 6, 2026, 10:46 AM EDT
- Fiscal quarter
- Q2 FY2026
- Calendar quarter
- Q2 2026
- Accession
- 0000216228-26-000065
The Company operates in various tax jurisdictions and is subject to examination by tax authorities in these jurisdictions. The Company is currently under examination in several jurisdictions including China, Czechia, Germany, India, Italy, and the U.S. The estimated tax liability calculation for unrecognized tax benefits considers uncertainties in the application of complex tax laws and regulations in various tax jurisdictions. Due to the complexity of some of these uncertainties, the ultimate resolution may result in a payment that is materially different from the current estimate of the unrecognized tax benefit. Over the next 12 months, the net amount of the tax liability for unrecognized tax benefits in foreign and domestic jurisdictions could decrease by approximately $4.4 due to changes in audit status, expiration of statutes of limitations, and other events.
ITEM 1. FINANCIAL STATEMENTS
FAQ
- What is ITT's unrecognized tax benefits?
- ITT (ITT) reported unrecognized tax benefits of $4.4M in Q2 2026.
- How has ITT's unrecognized tax benefits changed year-over-year?
- ITT's unrecognized tax benefits increased by 388.9% year-over-year, from $900K to $4.4M.
- What does unrecognized tax benefits mean?
- This represents the amount of tax benefits from uncertain tax positions that have not been recognized in the financial statements because they do not meet the 'more-likely-than-not' threshold. It reflects the company's exposure to potential tax audits and disputes with tax authorities. This is a key indicator of tax-related legal and financial risk.
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