Company: ATMU
Filing Date: 2025-05-02
Form Type: 10-Q
Source: 0001921963-25-000075
Chunk: 49

Company: Atmus Filtration Technologies Inc.
Filing Date: 2025-05-02
Form: 10-Q
Item: Item 8
Chunk 49
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 the effective date or retrospectively to any or all prior periods presented in the financial statements. We expect this ASU to impact our disclosure with no impact to our results of operations, cash flows or financial condition. 

NOTE 4. REVENUE

Disaggregation of RevenueRevenue by Geographic AreaThe table below presents Atmus’ combined sales by geographic area. Net sales attributed to geographic areas were based on the location of the customer.For the Three Months Ended March 31,20252024(in millions)United States$207.6 $201.0 Other international208.9 225.6 Total net sales$416.5 $426.6 Revenue by Product CategoryThe table below presents Atmus’ combined sales by product category:For the Three Months Ended March 31,20252024(in millions)Fuel$178.6 $187.2 Lube83.1 81.2 Air72.6 71.8 Other82.2 86.4 Total net sales$416.5 $426.6 

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NOTE 5. EQUITY, ROYALTY AND INTEREST INCOME FROM INVESTEES

Equity, royalty and interest income from investees, net of applicable taxes, was as follows:For the Three Months Ended March 31,20252024(in millions)Fleetguard Filters Pvt. Ltd.$6.3 $7.6 Shanghai Fleetguard Filter Co. Ltd1.2 1.1 Filtrum Fibretechnologies Pvt. Ltd0.1 0.1 Atmus share of net income7.6 8.8 Royalty and interest income1.6 1.6 Equity, royalty and interest income from investees$9.2 $10.4 

NOTE 6. INCOME TAXES

In connection with the Separation, the Company entered into a tax matters agreement with Cummins that, among other things, formalized our agreement related to the responsibility for historical tax positions for the period prior to the IPO for jurisdictions where our business was included in the consolidated or combined tax returns of Cummins.Atmus’ effective tax rate for the three months ended March 31, 2025, was 21.3%. Atmus’ effective tax rate for the three months ended March 31, 2024, was 22.0%. The decrease in the effective tax rate was driven by a