Company: PRMB
Filing Date: 2025-01-24
Form Type: S-1
Source: 0001193125-25-012325
Chunk: 290

Company: Primo Brands Corp
Filing Date: 2025-01-24
Form: S-1
Chunk 290
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 |   |     | $             |  (7.5 | ) |

As of December 31, 2023 and 2022, AOCI for the cumulative translation adjustment and the pension liability adjustment are net of a tax benefit of $0.4 million and a tax provision of $1.2 million, respectively.

| (1) | Due to the insignificance of the activity, the Predecessor period AOCI activity is not included. |

NOTE 12—INCOME TAXES U.S. and foreign components of income (loss) before income taxes was as follows (in millions):

|                                         |     | Successor    
 Year Ended   
 December 31, 
 2023         |       |   |     | Year Ended   
 December 31, 
 2022         |        |   |     | Predecessor  
 Period from  
 February 3,  
 2021         
 through      
 December 31, 
 2021         |        |   |     | Period from 
 January 1,  
 2021        
 through     
 March 31,   
 2021        |        |   |
|:----------------------------------------|:----|:-------------|------:|:--|:----|:-------------|:-------|:--|:----|:-------------|:-------|:--|:----|:------------|-------:|:--|
| Domestic                                |     | $            | 134.8 |   |     | $            | (165.1 | ) |     | $            | (193.0 | ) |     | $           | (201.8 | ) |
| Foreign                                 |     |              | (16.9 | ) |     |              | (14.7  | ) |     |              | (8.8   | ) |     |             |    1.3 |   |
| Total income (loss) before income taxes |     | $            | 117.9 |   |     | $            | (179.8 | ) |     | $            | (201.8 | ) |     | $           | (200.5 | ) |

The following table presents the components of income tax provision (benefit) (in millions):

|                                      |     | Successor |   Year Ended 
 December 31, 
         2023 |   |     |   |   Year Ended 
 December 31, 
         2022 |   |     |   |