Company: PRGO
Filing Date: 2025-11-05
Form Type: 10-Q
Source: 0001585364-25-000156
Chunk: 43

Company: PERRIGO Co plc
Filing Date: 2025-11-05
Form: 10-Q
Item: Part II, Item 1
Chunk 43
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 assets$1.8 $2.1 Foreign currency forward contractsOther non-current assets0.1 — Cross-currency swapsOther non-current assets— 14.2 Interest rate swap agreements Interest rate swap agreements 2.4 9.3 Total designated derivative assets$4.3 $25.6 Non-designated derivative assets:Foreign currency forward contracts Prepaid expenses and other current assets$0.7 $3.4 Total non-designated derivatives$0.7 $3.4 Designated derivative liabilities:Foreign currency forward contractsOther accrued liabilities $1.0 $4.1 Cross-currency swapsOther accrued liabilities 95.7 — Cross-currency swapsOther non-current liabilities166.3 46.8 Interest rate swap agreementsOther non-current liabilities22.6 9.0 Total designated derivative liabilities$285.6 $59.9 Non-designated derivative liabilities:Foreign currency forward contractsOther accrued liabilities$13.3 $1.5 Interest rate swap agreementsOther non-current liabilities11.6 13.6 Total non-designated derivative liabilities$24.9 $15.1 The amounts of (income)/expense recognized in earnings related to our non-designated derivatives on the Condensed Consolidated Statements of Operations were as follows (in millions): Three Months EndedNine Months EndedNon-Designated DerivativesIncome Statement LocationSeptember 27, 2025September 28, 2024September 27, 2025September 28, 2024Foreign currency forward contractsOther (income) expense, net$9.8 $(0.9)$9.0 $(4.2)Interest rate swap agreementsInterest expense, net$0.3 $— $0.8 $14.4 

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Perrigo Company plc - Item 1Note 11

The following tables summarize the effect of derivative instruments designated as hedging instruments in AOCI (in millions):Gain or (Loss) Reclassified from AOCI into EarningsRelated to Amounts Included in Effectiveness TestingRelated to Amounts Excluded from Effectiveness TestingAmount of Gain or (Loss) Recognized in OCI(1)Location of Gain or (Loss)Amount Reclassified(2)Location of Gain or (Loss)Amount Reclassified(2)Three Months Ended September 27, 2025Cash flow hedgesInterest rate swap agreements