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McCormick & Company, Incorporated MKC Interest expense and penalties, net (benefit)/charge recognized
Interest expense and penalties, net (benefit)/charge recognized at other companies
Other financials
Where this comes from
Reported directly by McCormick & Company, Incorporated in its filing.
Tagged under the XBRL concept us-gaap:UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestExpense.
The source filing: McCormick & Company, Incorporated’s 10-K, filed January 22, 2026.
- Filed
- Jan 22, 2026, 4:30 PM EST
- Fiscal year
- FY2025
- Accession
- 0000063754-26-000037
We record interest and penalties on income taxes in income tax expense. We recognized interest and penalty expense (benefit) of $(0.8) million, $(0.9) million, and $(0.5) million in 2025, 2024, and 2023, respectively. As of November 30, 2025 and 2024, we had accrued $2.1 million and $2.9 million, respectively, of interest and penalties related to unrecognized tax benefits.
ITEM 8. FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA
FAQ
- What is McCormick & Company, Incorporated's interest expense and penalties, net (benefit)/charge recognized?
- McCormick & Company, Incorporated (MKC) reported interest expense and penalties, net (benefit)/charge recognized of -$200K in Q3 2025.
- How has McCormick & Company, Incorporated's interest expense and penalties, net (benefit)/charge recognized changed year-over-year?
- McCormick & Company, Incorporated's interest expense and penalties, net (benefit)/charge recognized increased by 11.1% year-over-year, from -$225K to -$200K.
- What is the long-term trend for McCormick & Company, Incorporated's interest expense and penalties, net (benefit)/charge recognized?
- Over 4 years (2021 to 2025), McCormick & Company, Incorporated's interest expense and penalties, net (benefit)/charge recognized has grown at a -31.8% compound annual growth rate (CAGR), from -$3.7M to -$800K.
- What does interest expense and penalties, net (benefit)/charge recognized mean?
- This represents the net impact of interest and penalties accrued or reversed related to uncertain tax positions. It reflects the financial consequences of tax authorities challenging the company's tax filings or the resolution of such disputes. Monitoring this helps investors assess the company's tax risk profile and the potential for future tax-related cash outflows.
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