Some major companies in Ohio, from Goodyear in Akron to Procter & Gamble in Cincinnati, have told investors they expect to receive millions of dollars in tariff refunds after the U.S. Supreme Court overturned the signature economic policy of President Donald Trump’s administration.
Shortly after taking office, the Trump administration, without approval of Congress, invoked its emergency powers to levy steep tariffs on a wide range of imports. In February 2026, the Supreme Court ruled that the tariffs amounted to an unconstitutional use of executive power and ordered refunds, which have begun to roll out over the past few months.
However, whether that money flows to the customers who shouldered some of the tariff cost burden remains to be seen. Cardinal Health, for instance, told investors some of its $200 million in refunds will go back to customers. Others have stayed silent on the point.
Signal Statewide reviewed securities filings of publicly traded companies based in Ohio to see who’s getting a refund. With the exception of Cardinal, none have clearly expressed a plan to give some of the money back to their customers.
Here’s what we found:
Cardinal Health, Dublin
At Cardinal Health, a drug distributor and one of the largest corporations in the U.S., the company said in its most recent quarterly report that it has paid about $200 million in Trump-era tariffs. Most of that came through its global medical products division.
The company recorded $200 million as a receivable from the government, and said in its filing it expects to “return to customers the portion of those refunds that reflect the estimated increased prices paid.” A spokesperson didn’t return a request for details on how that would work.
Procter & Gamble, Cincinnati
P&G, the consumer goods giant, told its investors it has paid $200 million in tariffs that “may be recoverable.” However, none have yet been booked or received as the U.S. Customs and Border Protection office processes refunds.
Parker Hannifin, Mayfield Heights
So far, Parker Hannifin, a manufacturing company, says it has received $84 million from the federal government in tariff refunds.
That said, the company has applied for more – securities filings don’t offer more specifics but quantify it as a “lesser amount.” Timing and the size of the rest of the refund remain uncertain, the company said.
Goodyear, Akron
Back in April, Goodyear, of tire and blimp fame, applied for $60 million in tariff refunds. By the company’s math, that includes $46 million in tariffs on goods sold, $12 million on tariffs for goods in inventory, and another $2 million accrued as a “liability associated with contractual terms.”
The company said it received $42 million in the second quarter of this year. It didn’t make any promises about distributing the money to customers.
Owens Corning, Toledo
For Owens Corning, which sells construction materials, the company said it estimates about $50 million may be eligible for a refund. It has booked about $25 million of that.
A company spokesperson declined further comment.
Timken, North Canton
Timken, an industrial manufacturer, said it booked $8 million in tariff refunds for the most recent quarter.