Company: ROK
Filing Date: 2025-11-12
Form Type: 10-K
Source: 0001024478-25-000116
Chunk: 116

Company: ROCKWELL AUTOMATION, INC
Filing Date: 2025-11-12
Form: 10-K
Item: Item 4
Chunk 116
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31 million during the year ended September 30, 2023, as included in total income taxes paid.

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Table of ContentsNOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued)

Effective Tax Rate ReconciliationThe reconciliation between the U.S. federal statutory rate and our effective tax rate was:202520242023Statutory tax rate21.0 %21.0 %21.0 %State and local income taxes(0.1)0.2 1.5 Non-United States taxes(3.8)(4.2)(4.7)Repatriation of foreign earnings1.0 0.9 0.9 Foreign-derived intangible income(1.5)(0.7)(0.6)Settlements with taxing authorities and tax refund claims0.6 (1.2)0.3 Change in valuation allowance (1)3.6 0.5 4.1 Share-based compensation(1.1)(0.2)(0.6)Research and development tax credit(2.9)(2.0)(1.3)Other1.5 (0.5)(0.1)Effective income tax rate18.3 %13.8 %20.5 %(1) During fiscal year 2025 and 2023, the effective tax rate increased by 3.6% and 4.1%, respectively,  resulting from a valuation allowance recorded on certain deferred tax assets of the Sensia joint venture and tax effects of the related impairment.We operate in certain non-U.S. tax jurisdictions under government-sponsored tax incentive programs. The tax benefit attributable to these programs was $45 million ($0.40 per diluted share) in 2025, $36 million ($0.31 per diluted share) in 2024, and $62 million ($0.54 per diluted share) in 2023.

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Table of ContentsNOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued)

Deferred TaxesThe tax effects of temporary differences that give rise to our net deferred income tax assets (liabilities) consists of (in millions):20252024Deferred income tax assets  Compensation and benefits$31 $18 Inventory24 23 Returns, rebates, and incentives61 62 Retirement benefits45 88 Environmental remediation and other site-related costs25 24 Share-based compensation23 26 Other accrual