Company: PRGO
Filing Date: 2025-02-28
Form Type: 10-K
Source: 0001585364-25-000014
Chunk: 107

Company: PERRIGO Co plc
Filing Date: 2025-02-28
Form: 10-K
Item: Item 8
Chunk 107
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 reportable segment, and contain other disclosure requirements.January 1, 2024 for annual periods, January 1, 2025 for interim periodsAs of January 1, 2024 we have adopted ASU 2023-07. This standard is adopted on a retrospective basis. Refer to Footnote 20-Segments for disclosure impact. ASU 2024-03: Reporting Comprehensive Income -Expense Disaggregation Disclosures (Subtopic 220-40): Disaggregation of Income Statement ExpensesASU 2025-01: Reporting Comprehensive Income -Expense Disaggregation Disclosures (Subtopic 220-40): Clarifying the Effective DateThis guidance aims to provide more detailed information about expenses to help investors better understand an entity's performance, assess future cash flows, and compare performance over time and with other entities. Entities must disclose specific quantitative and qualitative information about certain costs in the notes to financial statements. January 1, 2027 for annual periods, January 1, 2028 for interim periodsAs of December 31, 2024 we are currently evaluating the potential disclosures impact of adopting the standard and whether to adopt retrospectively.ASU 2023-09: Income Taxes Topic 740: Improvements to Income Tax DisclosuresThis guidance requires entities to annually (1) disclose specific categories in the rate reconciliation and (2) provide additional information for reconciling items that meet a quantitative threshold (if the effect of those reconciling items is equal to or greater than 5 percent of the amount computed by multiplying pretax income [or loss] by the applicable statutory income tax rate).January 1, 2025As of December 31, 2024 we are currently evaluating the potential disclosures impact of adopting the standard. We plan to adopt on a prospective basis and is not expected to have a material impact from additional disclosures. 

We do not believe that any other recently issued accounting standards could have a material effect on our Consolidated Financial Statements. 

NOTE 2 - REVENUE RECOGNITION 

We generated net sales in the following geographic locations(1) (in millions):Year EndedDecember 31, 2024December 31, 2023December 31, 2022U.S.$2,649.3 $2,916.8 $2,870.0 Europe(2)1,604.6 1,622.5 1,474.3 All other countries(3)119.5