Valhi VHI US — Deferred Tax Assets Operating Loss Carryforwards
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Where this comes from
Reported directly by Valhi in its filing.
Tagged under the XBRL concept us-gaap:DeferredTaxAssetsOperatingLossCarryforwards.
The source filing: Valhi’s 10-K, filed March 10, 2026.
- Filed
- Mar 10, 2026, 4:16 PM EDT
- Fiscal year
- FY2025
- Accession
- 0001104659-26-025847
We periodically review our deferred tax assets (“DTA”) to determine if a valuation allowance is required. At December 31, 2025, our Chemicals Segment has German corporate and trade net operating loss (“NOL”) carryforwards of $510.8 million (DTA of $57.2 million) and $46.3 million (DTA of $5.0 million), respectively; Belgian corporate NOL carryforwards of $109.0 million (DTA of $27.2 million); and Canadian corporate and provincial NOL carryforwards of $30.9 million (DTA of $4.6 million) and $33.5 million (DTA of $3.8 million), respectively. We also have U.S. federal NOL carryforwards of $58.1 million (DTA of $12.2 million). With regards to our Belgian DTA, we did not have sufficient positive evidence to overcome the significant negative evidence of having twelve quarters of cumulative losses. Accordingly, at December 31, 2024, we concluded that we were required to recognize a non-cash deferred income tax asset valuation allowance of $8.2 million under the more-likely-than-not recognition criteria with respect to our Belgian DTA. During 2025, we recognized an aggregate $8.6 million non-cash tax expense as the result of a net increase in such deferred income tax asset valuation allowance with respect to the additional losses recognized by our Belgian operations during 2025. At December 31, 2025, we have concluded no valuation allowance is required to be recognized for our German, U.S., and Canadian DTAs principally because such carryforwards have lengthy carryforward periods (the German and U.S. carryforwards may be carried forward indefinitely) and we currently expect to utilize the remainder of such carryforwards over the long term. Although prior to the complete utilization of such carryforwards, if we were to generate additional losses in our German, U.S., or Canadian operations for an extended period of time, or if applicable laws were to change such that the carryforward periods were more limited, it is possible that we might conclude the benefit of such carryforwards would no longer meet the more-likely-than-not recognition criteria, at which point we would be required to recognize a valuation allowance against some or all of the then-remaining tax benefit associated with the carryforwards.
ITEM 15.EXHIBITS
FAQ
- What is Valhi's US — deferred tax assets operating loss carryforwards?
- Valhi (VHI) reported US — deferred tax assets operating loss carryforwards of $12.2M in Q4 2025.
- What does US — deferred tax assets operating loss carryforwards mean?
- This metric represents the recognized financial statement value of the tax benefit derived from domestic operating loss carryforwards. It reflects the portion of historical losses that management expects to utilize against future taxable earnings, recorded as an asset on the balance sheet. This figure provides insight into the company's ability to leverage past losses to enhance future bottom-line performance.
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