Company: LW
Filing Date: 2025-08-07
Form Type: ARS
Source: 0001679273-25-000063
Chunk: 102

Company: Lamb Weston Holdings, Inc.
Filing Date: 2025-08-07
Form: ARS
Chunk 102
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 . . . . . . $ 0.4 $ (1.4) $ 0.4 Total provision for taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 143.1 $ 230.0 $ 224.6 53

A reconciliation of income tax expense using the 21% U.S. statutory tax rate on income from operations, including equity method earnings and before income taxes, compared with the actual provision for income taxes follows: For the Fiscal Years Ended May (in millions) 2025 2024 2023 Provision computed at U.S. statutory rate . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 105.1 $ 200.7 $ 259.0 Increase (decrease) in rate resulting from: State and local taxes, net of federal benefit . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5.1 20.1 21.2 Non-U.S. operations (a) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 19.0 5.5 (11.7) Change in valuation allowance (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 14.7 3.6 (0.7) Consolidation of previously held equity interests (c) . . . . . . . . . . . . . . . . . . . . . . — — (43.1) Other . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (0.8) 0.1 (0.1) Total income tax expense . . . . . . . . . . . .