Spectrum Brands Holdings SPB HPC — Income tax expense, change in business form
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Where this comes from
Reported directly by Spectrum Brands Holdings in its filing.
Tagged under the XBRL concept spb:EffectiveIncomeTaxRateReconciliationChangeInBusinessFormAmount.
The source filing: Spectrum Brands Holdings’s 10-Q, filed August 7, 2026.
- Filed
- Aug 7, 2026, 10:02 AM EDT
- Fiscal quarter
- Q4 FY2026
- Calendar quarter
- Q3 2026
- Accession
- 0000109177-26-000040
As part of the HPC Transaction, the Company was required to restructure the corporate entity organization to facilitate the transaction, and, as a result, recorded $19.2 million income tax expense related to gain on the movement of non-HPC assets within the group, net of applicable deductions and credits. The execution of the HPC Transaction and transfer of the Company’s partial ownership interest resulted in an estimated $216.2 million of capital loss, which is expected to be carried back to the fiscal year ended September 30, 2023 to offset prior capital gains. As a result, the Company recorded $47.1 million of tax benefits related to the loss during the three and nine month periods ended June 28, 2026. The Company also recorded $58.1 million income tax expense for the three and nine month periods ended June 28, 2026 to establish a deferred tax liability for the excess of the Company’s book basis in the HPC business over its tax basis due to the change in form of the HPC business that resulted from the HPC Transaction.
Item 1. Financial Statements (Unaudited)
FAQ
- What is Spectrum Brands Holdings's HPC — income tax expense, change in business form?
- Spectrum Brands Holdings (SPB) reported HPC — income tax expense, change in business form of $58.1M in Q2 2026.
- What does HPC — income tax expense, change in business form mean?
- This metric quantifies the tax expense adjustment arising from a change in the legal or operational business form of entities within the Home and Personal Care segment. Such changes can significantly alter the tax jurisdiction or status of the segment's operations. It provides insight into the tax consequences of structural business model adjustments.
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