Company: BWNB
Filing Date: 2025-11-10
Form Type: 10-Q
Source: 0001630805-25-000090
Chunk: 65

Company: Babcock & Wilcox Enterprises, Inc.
Filing Date: 2025-11-10
Form: 10-Q
Item: Part I, Item 1
Chunk 65
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 regimes of taxation that vary in both nominal rates and the basis on which these rates are applied. Our consolidated effective income tax rate can vary from period to period due to these foreign income tax rate variations, changes in the jurisdictional mix of our income, and valuation allowances.On July 4, 2025, the One Big Beautiful Bill ("OBBB") Act, which includes a broad range of tax reform provisions, was signed into law in the U.S. and we continue to assess its impact. Based on our initial review of the recently passed legislation, we currently do not expect the OBBB Act to have a material impact on our estimated annual effective tax rate in 2025.

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NOTE 17 – ACCUMULATED OTHER COMPREHENSIVE LOSS

Gains and losses deferred in AOCI are generally reclassified and recognized in the Condensed Consolidated Statements of Operations once they are realized. The changes in the components of AOCI, net of tax, for the nine months ended September 30, 2025 and 2024 were as follows:(in thousands)Currency translation lossNet unrecognized loss related to benefit plans (net of tax)TotalBalance at December 31, 2024$(85,487)$(1,173)$(86,660)Other comprehensive income before reclassifications$403 $— $403 Reclassification of AOCI to net income— 124 124 Net other comprehensive income403 124 527 Balance at March 31, 2025$(85,084)$(1,049)$(86,133)Other comprehensive income before reclassifications$2,196 $— $2,196 Reclassification of AOCI to net income52,646 123 52,769 Net other comprehensive income54,842 123 54,965 Balance at June 30, 2025$(30,242)$(926)$(31,168)Other comprehensive income before reclassifications$4,170 $— $4,170 Reclassification of AOCI to net income13,981 124 14,105 Net other comprehensive income18,151 124 18,275 Balance at September 30, 2025$(12,091)$(802)$(12,893)(in thousands)Currency translation lossNet unrecognized loss related to benefit plans (net of tax)TotalBalance at December 31, 2023$(64,778)$(1,583)$(