Company: PRMB
Filing Date: 2025-01-24
Form Type: S-1
Source: 0001193125-25-012325
Chunk: 297

Company: Primo Brands Corp
Filing Date: 2025-01-24
Form: S-1
Chunk 297
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| United States   |     | $         |      4,574.4 |     | $ |      4,323.2 |     | $ |      2,987.7 |     | $           |      812.0 |
| Canada          |     |           |        124.3 |     |   |        117.9 |     |   |         89.2 |     |             |       22.6 |
| Total net sales |     | $         |      4,698.7 |     | $ |      4,441.1 |     | $ |      3,076.9 |     | $           |      834.6 |

Note: The United States is the Company’s country of domicile. Contract Liabilities Contract liabilities primarily consists of payments received from customers before the Company has fulfilled its performance obligation in order to recognize revenue. The contract liabilities consist of prepayment for select annual services within the ReadyRefresh segment. These amounts are recorded as deferred revenue within accruals and other current liabilities. The deferred revenue is expected to be recognized within the next 12 months. Deferred revenues at December 31, 2023 and 2022 (Successor) were $3.2 million and $4.0 million, respectively. Contract Acquisition Costs The Company capitalizes commission expenses that are incremental costs to obtaining customer contracts. Capitalized contract acquisition costs were $6.6 million and $7.4 million at December 31, 2023 and 2022 (Successor), respectively. Contract acquisition costs are generally expected to be recognized in subsequent 12 months and are included in prepaid expenses and other current assets. F-41

NOTE 16 – ACQUISITION, INTEGRATION AND RESTRUCTURING EXPENSES Acquisition expenses include those costs associated with the acquisitions of NWNA, Saratoga, as well as costs incurred on potential acquisitions. Integration and restructuring expenses mainly include information technology implementation costs, costs incurred to achieve post-acquisition synergies and costs incurred on business optimization, among others. The following table summarizes the components of acquisition, integration and restructuring expenses (in millions):

|                                              |     | Successor    
 Year Ended   
 December 31, 
 2023         |      |     | Year Ended   
 December 31, 
 2022         |      |     | Period from  
 February 3,  
 2021         
 through      
 December 31, 
 2021         |       |