Company: ACIW
Filing Date: 2025-02-27
Form Type: 10-K
Source: 0000935036-25-000006
Chunk: 45

Company: ACI WORLDWIDE, INC.
Filing Date: 2025-02-27
Form: 10-K
Item: Item 15
Chunk 45
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. The Company had foreign tax NOLs of $14.5 million, of which $14.4 million may be utilized over an indefinite life, with the remainder expiring over the next five years. The Company did not have any valuation allowance against the deferred tax asset associated with the foreign NOLs.

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The Company had U.S. foreign tax credit carryforwards at December 31, 2024, of $2.7 million, for which a $2.7 million valuation allowance had been provided. The U.S. foreign tax credits will begin to expire in 2028. The Company had foreign tax credit carryforwards in other foreign jurisdictions at December 31, 2024, of $3.9 million, of which $0.7 million may be utilized over an indefinite life, with the remainder expiring over the next seven years. The Company had provided a $0.7 million valuation allowance against the tax benefit associated with these foreign credits. The Company also had domestic federal general business tax credit carryforwards at December 31, 2024, of $26.6 million, which will expire in 2037 and state general business tax credit carryforwards of $0.4 million, which will begin to expire in 2026.The Company did not provide deferred taxes on $45.7 million of unremitted earnings of its Indian subsidiaries that are considered permanently reinvested. The company did not estimate the deferred tax liability on these earnings as such estimation is not practicable to determine or is immaterial to the financial statements. As of December 31, 2024, deferred taxes for non-United States withholding and other taxes were provided on $31.5 million of unremitted earnings of non-United States subsidiaries that may be remitted to the United States. As of December 31, 2024 and 2023, the Company recorded a deferred tax liability of $1.0 million and $0.6 million, respectively, related to these non-United States earnings that may be remitted.As of December 31, 2024 and 2023, the Company had a German interest deduction carryforward of $9.0 million and $8.5 million, respectively, for which a full valuation allowance had been provided. The deferred interest deduction has an indefinite life.The unrecognized tax benefit at December 31, 2024 and 2023, was $21.0 million and $20.9 million, respectively, of which $