Company: WCC
Filing Date: 2025-10-30
Form Type: 10-Q
Source: 0000929008-25-000034
Chunk: 123

Company: WESCO INTERNATIONAL INC
Filing Date: 2025-10-30
Form: 10-Q
Item: Item 8
Chunk 123
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8Excise taxes on excess pension plan assets(4)—4.8Adjusted income from operations$932.6$971.7Adjusted Other (Income) Expense, net:Other income, net$(7.0)$(99.3)Loss on termination of business arrangement(5)(0.3)(3.8)Pension settlement cost(6)—(3.3)Gain on divestiture—122.2Adjusted other (income) expense, net$(7.3)$15.8Adjusted Provision for Income Taxes:Provision for income taxes$155.7$188.1Income tax effect of adjustments to income from operations and other (income) expense, net(7)6.5(17.4)Adjusted provision for income taxes$162.2$170.7Adjusted Net Income Attributable to Common Stockholders:Net income attributable to common stockholders$480.6$509.1Digital transformation costs(1)24.117.5Restructuring costs(2)—9.5Loss on abandonment of assets(3)—17.8Excise taxes on excess pension plan assets(4)—4.8Gain on divestiture—(122.2)Loss on termination of business arrangement(5)0.33.8Pension settlement cost(6)—3.3Income tax effect of adjustments to income from operations and other (income) expense, net(7)(6.5)17.4Gain on redemption of Series A Preferred Stock(27.6)—Adjusted net income attributable to common stockholders$470.9$461.0

(1)   Digital transformation costs include costs associated with certain digital transformation initiatives.

(2)    Restructuring costs include severance costs incurred pursuant to an ongoing restructuring plan.

(3)    Loss on abandonment of assets represents the write-off of certain capitalized cloud computing arrangement implementation costs relating to a third-party developed operations management software product in favor of an application with functionality that better suits the Company’s operations.

(4)    Excise taxes on excess pension plan assets represent the excise taxes applicable to the excess pension plan assets following the final settlement of the Company's U.S. pension plan.

(5)    Loss on termination of business arrangement represents the loss recognized as a result of management's decision to terminate a business arrangement with a third party.

(6)    Pension settlement cost represents expense related to the settlement of the Company's U.S. pension plan. 

(7)