SOLV · 10-Q · 2026Q2 · Full report

Income Tax Rate Changes

Solventum Corp · 2026-08-05 · Importance 53 · Surprise 82 · In source text

The effective tax rate for the second quarter increased to 14.4% from 12.5% in the prior-year quarter, primarily because of an unfavorable geographic mix of earnings. The six-month effective tax rate was 15.0%, compared with a 61.0% tax benefit rate in the prior-year period. The six-month change primarily reflected the non-recurrence of the prior-year tax benefit from the Purification and Filtration divestiture and an unfavorable geographic mix of earnings. Fluctuations in earnings generated by subsidiaries in lower-tax jurisdictions can materially affect Solventum’s estimated annual effective tax rate.

Key facts

• Effective tax rates for the six months ended June 30, 2026 and 2025 were 15.0% and (61.0)%, respectively. source
• The increase in the effective tax rate for the six months ended June 30, 2026 is primarily attributable to the non-recurrence of the prior year tax benefit related to the Purification and Filtration divestiture, as well as an unfavorable geographic mix of earnings. source
• Effective tax rates for the three months ended June 30, 2026 and 2025 were 14.4% and 12.5%, respectively. source
• The effective tax rate table shows percentages 14.4%, 12.5%, 15.0% and (61.0)% for the periods presented. source

Impact estimates