VTRS · 10-Q · 2026Q3 · Full report

Income Tax Rate Changes

Viatris Inc · 2026-11-05 · Importance 57 · Surprise 64 · Matches filing data

For the nine months ended September 30, 2026, Viatris recorded an $84.3 million income tax provision, compared with a $147.2 million benefit in the prior-year period, a $231.5 million change. The current-period provision reflected losses in jurisdictions where minimal tax benefit was available, tax benefits from internal restructurings, and releases of uncertain-tax-position reserves after statutes of limitations expired. The prior-year benefit primarily reflected the pretax loss, partly offset by limited tax benefit from the goodwill impairment and a $17.7 million accrual for resolution of a Swedish tax matter.

Key facts

• Viatris recorded a third-quarter 2026 income tax provision of $453.2 million, compared with $120.3 million in the prior-year quarter, an increase of $332.9 million. source
• Viatris' prior-year income tax benefit included a $17.7 million accrual related to resolution of the previously disclosed Swedish tax matter. source
• Viatris recognized an income tax provision of $84.3 million for the nine months ended September 30, 2026, compared with an income tax benefit of $147.2 million in the prior-year period, a change of $231.5 million. source
• Viatris' current-year tax provision was primarily driven by certain losses in jurisdictions where minimal benefit could be realized, the tax benefit of certain internal restructurings, and releases of uncertain-tax-position reserves due to statute-of-limitations expirations. source
• The third-quarter 2026 tax provision was negatively affected by losses in jurisdictions where Viatris could realize minimal tax benefit. source
• Viatris’s third-quarter and prior-year-quarter tax provisions were affected by income levels and changes in the mix of income earned in jurisdictions with differing tax rates. source
• Viatris' tax provisions in the current and prior-year periods were affected by income levels and the changing mix of income among jurisdictions with different tax rates. source

Impact estimates