OSHKOSH CORPORATION NOTES OF CONSOLIDATED FINANCIAL STATEMENTS
401(k) and Defined Contribution Pension Replacement Plans — The Company has defined contribution 401(k) plans for substantially all domestic employees. The plans allow employees to defer 2% to 100% of their income on a pre-tax basis. Each employee who elects to participate is eligible to receive Company matching contributions, which are based on employee contributions to the plans, subject to certain limitations. For certain businesses, in addition to matching contributions, the company also contributes between 2% and 6% of an employee’s base pay, depending on age. Amounts expensed for Company matching and non-elective contributions were $68.1 million, $61.2 million and $58.7 million in 2025, 2024 and 2023, respectively. 7. Income Taxes Pre-tax income was taxed in the following jurisdictions (in millions): Year Ended December 31, 2025 2024 2023 Domestic $ 742.5 $ 829.2 $ 705.9 Foreign 99.5 73.8 91.7 $ 842.0 $ 903.0 $ 797.6 Significant components of the provision for income taxes were as follows (in millions): Year Ended December 31, 2025 2024 2023 Allocated to Income Before Losses of Unconsolidated Affiliates Current: Federal $ 72.9 $ 173.6 $ 268.4 Foreign 37.8 22.1 29.9 State 27.6 32.2 52.1 Total current 138.3 227.9 350.4 Deferred: Federal 55.4 (16.8) (126.0) Foreign (4.3) 3.7 (8.0) State 2.1 (4.8) (26.4) Total deferred 53.2 (17.9) (160.4) $ 191.5 $ 210.0 $ 190.0 Allocated to Other Comprehensive Income (Loss) Deferred federal, state and foreign $ 1.0 $ (11.3) $ 1.8
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