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McCormick10-Q: Litigation material

Visa deposits $875M into litigation escrow, with YTD provisions over $1.2B.

What happened

The company is allocating significant capital to manage legal liabilities, including a $1.255 billion provision in the first nine months of the fiscal year. This financial drain creates pressure to find cost savings and operational efficiencies in other departments.

Source

SEC EDGARJul 28, 2026

Quarterly report (Form 10-Q)

McCormick 10-Q

Filing excerpt

For the nine months ended June 30, 2026, we deposited $875 million into the U.S. litigation escrow account to address claims associated with the interchange multidistrict litigation.

sec.gov/Archives/edgar/data/1403161/000140316126000104/v-20260630.htmRead the full source

Other signals in this filing (3)

Extracted by Autobound

From the Signal API record
Signal
10-Q: Litigation material

What this signalsFilings often name leadership changes, deals and spending plans.

Fiscal year end
06/30
Filed
Jul 28, 2026

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The full record

From the Signal API record

Numbers

Dollar figure
$875M (Deposit into U.S. litigation escrow account for the nine months ended June 30, 2026.)

Details

CIK
1403161
Accession number
0001403161-26-000104
Timeframe
Current year
Filing year
2026
Fiscal year
0
Why it matters
Legal tech opportunity
Signal category
Risk

Topics and mentions

Regions named

  • US

Extraction

Confidence
High
Relevance
85%
Sentiment
Negative
Detected
Aug 4, 2026
signal_type
sec-10q
signal_subtype
litigationMaterial

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The API returns more than this page shows

This page shows a preview. The full sec-10q record in the Signal API and MCP can also have these 8 fields. Some fields are empty for some signals.

Company

  • linkedin_urlValue in the API
  • industriesValue in the API
  • employee_count_lowValue in the API
  • employee_count_highValue in the API
  • revenueValue in the API
  • descriptionValue in the API

Signal

  • signal_nameValue in the API
  • associationValue in the API
Show the full JSONThe record on this page and the API request

GET /v1/signals/6aaaf389-1524-4525-98be-e4cdc8fe99da returns this record as JSON. POST /v1/companies/enrich returns every signal for mccormickcorporation.com.

{
  "signal_id": "6aaaf389-1524-4525-98be-e4cdc8fe99da",
  "signal_type": "sec-10q",
  "signal_subtype": "litigationMaterial",
  "detected_at": "2026-08-04T07:06:05.9+00:00",
  "company": {
    "name": "McCormick",
    "domain": "mccormickcorporation.com"
  },
  "data": {
    "detail": "The company is allocating significant capital to manage legal liabilities, including a $1.255 billion provision in the first nine months of the fiscal year. This financial drain creates pressure to find cost savings and operational efficiencies in other departments.",
    "metrics": {
      "timeframe": "current_year",
      "dollar_context": "Deposit into U.S. litigation escrow account for the nine months ended June 30, 2026.",
      "dollar_millions": 875
    },
    "summary": "Visa deposits $875M into litigation escrow, with YTD provisions over $1.2B.",
    "excerpts": "For the nine months ended June 30, 2026, we deposited $875 million into the U.S. litigation escrow account to address claims associated with the interchange multidistrict litigation.",
    "relevance": 0.85,
    "sentiment": "negative",
    "confidence": "high",
    "source_url": "https://www.sec.gov/Archives/edgar/data/1403161/000140316126000104/v-20260630.htm",
    "filing_date": "2026-07-28",
    "filing_year": 2026,
    "fiscal_year": 0,
    "fiscal_year_end": "06/30",
    "sales_relevance": "Legal tech opportunity",
    "signal_category": "risk",
    "regions_mentioned": [
      "US"
    ]
  }
}

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