Company: MATV
Filing Date: 2025-02-27
Form Type: 10-K
Source: 0001000623-25-000009
Chunk: 141

Company: Mativ Holdings, Inc.
Filing Date: 2025-02-27
Form: 10-K
Item: Item 8
Chunk 141
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9)(5.7)(13.6)U.S. state(0.5)0.9 (4.0)Foreign(7.5)28.6 (11.3)(35.9)23.8 (28.9)Total$(30.2)$26.8 $(27.6)

86

MATIV HOLDINGS, INC. AND SUBSIDIARIESNOTES TO CONSOLIDATED FINANCIAL STATEMENTS

A reconciliation of income taxes computed at the U.S. Federal statutory income tax rate to the expense for income taxes is as follows (in millions): Years Ended December 31,202420232022AmountPercentAmountPercentAmountPercentTax provision at U.S. statutory rate$(16.6)21.0 %$(101.0)21.0 %$(20.3)21.0 %Foreign income tax rate differential(3.7)4.7 3.3 (0.7)(4.7)4.9 Income from passthrough entities1.8 (2.3)1.9 (0.4)0.6 (0.7)Branch earnings2.2 (2.8)1.4 (0.3)0.2 (0.2)Global intangible low tax inclusion3.4 (4.3)3.5 (0.7)(1.6)1.7 Foreign derived intangible income2.4 (3.0)(0.3)0.1 (0.1)0.1 State income tax, net of federal benefit(2.5)3.2 (0.6)0.1 (3.1)3.2 Adjustments to valuation allowances(4.7)6.0 50.8 (10.6)(3.3)3.4 Other tax credits(3.2)4.1 (3.5)0.7 (2.6)2.7 Foreign tax credits(2.0)2.5 (7.4)1.5 1.8 (1.8)Other foreign operational taxes0.7 (0.9)1.8 (0.3)1.5 (1.6)Remeasurement of deferred taxes due to tax law1.1 (1.4