Three months ended June 30,

Six months ended June 30,

 

2025

 

2026

 

2025

2026

(In millions)

U.S. federal statutory income tax rate

$

3.2

$

10.0

$

9.7

$

12.9

Germany:

Subnational income taxes

(.9)

1.0

(.6)

1.2

Changes in valuation allowances

—

.8

—

1.3

Other

1.2

—

1.7

.2

Belgium:

Changes in valuation allowances

2.7

.4

2.8

.9

Other foreign jurisdictions

.2

.6

.9

Effect of cross-border tax laws:

Net controlled-foreign-corporation tested income

1.7

1.3

2.3

2.0

Incremental tax benefit on earnings or losses of subsidiary

(2.3)

(1.7)

(3.6)

(2.5)

Other

.2

.1

.2

.1

Changes in valuation allowances

3.6

1.3

4.4

2.1

Changes in unrecognized tax benefits, net

(.1)

.1

(.1)

2.6

Other adjustments:

Incremental tax benefit on investment in Kronos

(1.6)

(1.3)

(2.1)

(2.6)

Incremental tax expense (benefit) on investment in BMI/LandWell

.5

(.9)

.9

(1.1)

Other

(.4)

.1

(.2)

.1

Income tax expense

$

8.0

$

11.8

$

16.0

$

18.1

Comprehensive provision for income taxes allocable to:

Net income

$

8.0

$

11.8

$

16.0

$

18.1

Other comprehensive income (loss):

Currency translation

1.7

(.5)

3.6

—

Defined benefit pension plans

.2

.4

.3

Comprehensive income tax expense

$

9.9

$

11.5

$

20.0

$

18.4