Companies that have reported at least $10 million in tax savings

Methodology: The Orlando Sentinel reviewed SEC filings and earnings call transcripts for hundreds of publicly traded companies to find corporations reporting tax saving as a result of the CARES Act. To the extent possible, the Sentinel excluded savings that companies said were due to CARES Act provisions dealing with payroll taxes or the timing of certain income tax credits and focused only on savings related to major corporate income tax changes in the legislation. The Sentinel contacted companies that reported their tax savings in a single combined amount and adjusted the amount according to any further details provided by the company. In some cases, companies reported the size of deductions rather than tax savings. In those cases, the Sentinel estimated tax savings using the statutory tax rate. Many companies disclosed general tax savings from the CARES Act, but did not disclose a specific amount; they are not included in this list.
Table: Orlando Sentinel Source: U.S. Securities and Exchange Commission, The Motley Fool (fool.com), Sentinel research Get the data