nVent Electric plc NVT Unrecognized Tax Benefits
Unrecognized Tax Benefits at other companies
Other financials
Where this comes from
Reported directly by nVent Electric plc in its filing.
Tagged under the XBRL concept us-gaap:UnrecognizedTaxBenefits.
The source filing: nVent Electric plc’s 10-Q, filed May 1, 2026.
- Filed
- May 1, 2026, 4:33 PM EDT
- Fiscal quarter
- Q1 FY2026
- Calendar quarter
- Q1 2026
- Accession
- 0001628280-26-029370
The effective income tax rate for the three months ended March 31, 2026 was 20.6% compared to 22.0% for the three months ended March 31, 2025. The liability for uncertain tax positions was $10.5 million and $10.3 million at March 31, 2026 and December 31, 2025, respectively. We record penalties and interest related to unrecognized tax benefits in Provision for income taxes and Net interest expense, respectively, on the Condensed Consolidated Statements of Income and Comprehensive Income, which is consistent with our past practices.
ITEM 1. FINANCIAL STATEMENTS
FAQ
- What is nVent Electric plc's unrecognized tax benefits?
- nVent Electric plc (NVT) reported unrecognized tax benefits of $10.5M in Q1 2026.
- How has nVent Electric plc's unrecognized tax benefits changed year-over-year?
- nVent Electric plc's unrecognized tax benefits decreased by 9.5% year-over-year, from $11.6M to $10.5M.
- What is the long-term trend for nVent Electric plc's unrecognized tax benefits?
- Over 5 years (2020 to 2025), nVent Electric plc's unrecognized tax benefits has grown at a -9.6% compound annual growth rate (CAGR), from $17.1M to $10.3M.
- 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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