Company: UIS
Filing Date: 2025-02-21
Form Type: 10-K
Source: 0000746838-25-000008
Chunk: 119

Company: UNISYS CORP
Filing Date: 2025-02-21
Form: 10-K
Item: Item 8
Chunk 119
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 assets, principally related to tax contingencies in Brazil.

Note 6 — Other (expense), net

Other (expense), net is comprised of the following:Year ended December 31,202420232022Pension and postretirement expense (i)$(180.8)$(387.1)$(43.2)Foreign exchange losses (ii)(14.5)(0.2)(6.8)Other, net (iii)54.5 (6.6)(32.4)Total other (expense), net$(140.8)$(393.9)$(82.4)(i) Includes $130.6 million and $348.9 million in 2024 and 2023, respectively, of settlement losses related to the company’s defined benefit pension plans. See Note 17, “Employee plans.” (ii) Includes charges (credits) of $2.6 million, $(3.7) million and $2.9 million respectively, in 2024, 2023 and 2022 for net foreign currency losses (gains) related to substantial completion of liquidation of foreign subsidiaries.(iii) Other, net in 2024 includes a gain of $40.0 million related to a favorable settlement of a litigation matter (see Note 18, “Litigation and contingencies” for additional details on this matter) and a net gain of $14.9 million related to a favorable judgement received in a Brazilian services tax matter. Environmental costs relate to previously disposed businesses are included within other, net.

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Note 7 — Income taxes

Following is the total loss before income taxes and the provision for income taxes.Year ended December 31,202420232022Income (loss) before income taxesUnited States$(268.7)$(545.5)$(177.2)Foreign193.4 197.7 114.6 Total loss before income taxes$(75.3)$(347.8)$(62.6)Provision (benefit) for income taxesCurrentUnited States$21.1 $8.8 $15.9 Foreign61.2 46.0 34.7 Total82.3 54.8 50.6 DeferredUnited States18.7 — — Foreign16.9 24.5 (8.3)Total provision for income taxes$117.9 $79.3 $42.3