KVUE · 10-Q · 2026Q3 · Full report

U.S. Tax Law Changes

Kenvue Inc. · 2026-10-30 · Importance 34 · Surprise 42

Kenvue says the One Big Beautiful Bill Act, enacted in the prior year, became effective in the current year and affected U.S. tax on foreign earnings. Related regulatory guidance was issued during the fiscal three months ended September 27, 2026, and management cited the resulting favorable tax effects as partially offsetting the nine-month increase in tax provision. The filing does not quantify the law’s separate dollar impact.

Key facts

• For the fiscal nine months ended September 27, 2026, Kenvue’s tax provision increased $87 million to $519 million; the increase primarily reflected higher pretax income and lower favorable U.S. return-to-provision adjustments, partly offset by One Big Beautiful Bill Act benefits and release of a valuation allowance. source