Company: UIS
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0000746838-25-000030
Chunk: 11

Company: UNISYS CORP
Filing Date: 2025-11-06
Form: 10-Q
Item: Item 2
Chunk 11
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 $55.0 million and $39.1 million, respectively, related to the DWS reportable segment (see Note 10 of the Notes to Consolidated Financial Statements for details on the goodwill impairment).

Interest expense for the three months ended September 30, 2025 and 2024 was $18.2 million and $7.9 million, respectively. The increase was primarily due to increased long-term debt balance and higher interest rate following the issuance of $700.0 million aggregate principal amount of 10.625% Senior Secured Notes due 2031 (the 2031 Notes) in June 2025.

Other (expense), net was expense of $241.2 million for the three months ended September 30, 2025 compared with expense of $8.2 million for the three months ended September 30, 2024. Other (expense), net for the three months ended September 30, 2025 included a U.S. pension plan settlement loss of $227.7 million. See Note 5 of the Notes to Consolidated Financial Statements for details of other (expense), net.

The loss before income taxes for the three months ended September 30, 2025 was $292.9 million, compared with a loss of $8.6 million for the three months ended September 30, 2024. The loss before income taxes for the three months ended September 30, 2025 included a U.S. pension plan settlement loss of $227.7 million. Additionally, for the three months ended September 30, 2025 and 2024, loss before income taxes included goodwill impairment charges of $55.0 million and $39.1 million, respectively, related to the DWS reportable segment.

The provision for income taxes was $16.3 million for the three months ended September 30, 2025 compared with a provision of $53.3 million for the three months ended September 30, 2024. The change in the tax provision was primarily driven by the geographic distribution of income and the prior year provision included a provision of $29.0 million established for certain foreign subsidiaries for which the company is no longer asserting indefinite reinvestment of earnings. The effective tax rate for the three months ended September 30, 2025 and 2024 was (5.6)% and (619.8)%, respectively, primarily driven by U.S. operating losses with no tax benefit as the deferred tax assets are subject to a full