Company: ROK
Filing Date: 2025-11-12
Form Type: 10-K
Source: 0001024478-25-000116
Chunk: 345

Company: ROCKWELL AUTOMATION, INC
Filing Date: 2025-11-12
Form: 10-K
Item: Item 8
Chunk 345
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United States capital loss carryforward16 16 IndefiniteState and local net operating loss carryforward5 1 2026-2045State tax credit carryforward13 — 2033-2040Subtotal91 69 Other deferred tax assets60 60 IndefiniteTotal$151 $129 

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Table of ContentsNOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued)

Unrecognized Tax BenefitsA reconciliation of our gross unrecognized tax benefits, excluding interest and penalties, is as follows (in millions):202520242023Gross unrecognized tax benefits balance at beginning of year$25 $10 $4 Additions based on tax positions related to the current year5 5 4 Additions based on tax positions related to prior years2 10 3 Reductions related to settlements with taxing authorities(1)— (1)Reductions related to lapses of statute of limitations(2)— — Gross unrecognized tax benefits balance at end of year$29 $25 $10 The amount of gross unrecognized tax benefits that would reduce our effective tax rate if recognized was $29 million, $25 million, and $10 million at September 30, 2025, 2024, and 2023, respectively. Accrued interest and penalties related to unrecognized tax benefits were $2 million, $2 million, and $1 million at September 30, 2025, 2024, and 2023, respectively. We recognize interest and penalties related to unrecognized tax benefits in the income tax provision. (Expenses) benefits recognized in 2025, 2024, and 2023, were $0 million, ($1) million, and $0 million, respectively. We believe it is reasonably possible that the amount of gross unrecognized tax benefits could be reduced by up to $24 million in the next 12 months as a result of the resolution of tax matters in various global jurisdictions and the lapses of statutes of limitations. If all of the unrecognized tax benefits were recognized, the net reduction to our income tax provision, including the recognition of interest and penalties and offsetting tax assets, could be up to $25 million.

We conduct business globally and are routinely audited by the various tax jurisdictions in which we operate. We are no longer subject to U.S. federal income tax examinations for years before 2018, U.S. state and local income tax examinations for years before 2014,