3M Tax Cuts and Jobs Act of 2017 transition tax in current accrued income taxes payable increased by 11.6% to $211.00M in Q4 2024 compared to the prior quarter. Over 4 years (FY 2020 to FY 2024), Tax Cuts and Jobs Act of 2017 transition tax in current accrued income taxes payable shows an upward trend with a 32.2% CAGR. This increase may warrant attention — for this metric, lower values are generally preferred.
A decreasing balance indicates the company is successfully paying down its legacy tax obligations from the 2017 legislation.
This represents the current portion of the transition tax liability resulting from the Tax Cuts and Jobs Act of 2017, wh...
Specific to US multinational corporations with significant historical foreign earnings.
other_tax_cuts_and_jobs_act_of2017accrued_income_taxes_current| Q4 '21 | Q4 '22 | Q4 '23 | Q4 '24 | |
|---|---|---|---|---|
| Value | $68.00M | $126.00M | $189.00M | $211.00M |
| QoQ Change | — | +85.3% | +50.0% | +11.6% |
| YoY Change | — | +85.3% | +50.0% | +11.6% |