Company: PRMB
Filing Date: 2025-02-27
Form Type: 10-K
Source: 0002042694-25-000003
Chunk: 150

Company: Primo Brands Corp
Filing Date: 2025-02-27
Form: 10-K
Item: Item 16
Chunk 150
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.321.0%$24.821.0%$(37.8)State and local income taxes42.3%8.82.6%3.16.1%(11.0)Foreign tax rate differential(8.6)%(1.8)(0.6)%(0.6)0.4 %(0.7)Impact of intercompany transactions and dividends9.4 %2.0 — %— — %— Change in enacted tax rates26.2 %5.4 — %— — %— Change in valuation allowance3.9 %0.8 — %— — %— Change in uncertain tax positions15.2 %3.1 0.8 %0.9 — %— Equity compensation3.0 %0.6 0.3 %0.3 — %— Permanent differences14.5 %3.0 0.6 %0.6 (0.3)%0.6 Transaction costs38.5 %8.0 — %— — %— Research and development and fuel credits(5.9)%(1.2)(1.8)%(2.1)2.4 %(4.3)Other1.4%0.3(1.6)%(1.9)(0.1)%0.1Total provision for (benefit from) income taxes160.9%$33.321.3%$25.129.5%$(53.1)

F-32

The following table presents the components of Deferred income taxes in the Consolidated Balance Sheets as of the periods presented:December 31,($ in millions)20242023Deferred tax assets:Lease obligations$182.9$145.0Interest limitation and carryforwards149.484.0Accrued liabilities and employee benefit obligations84.627.0Net operating loss carryforwards50.55.8Capitalized research and development expenses25.618.4Transaction costs4.65.3Stock options9.6—Inventories5.15.7Other—0.4Total deferred tax assets$512.3$291.6Deferred tax liabilities:Property, plant and equipment$(285.7)$(229.6)Intangible assets(734.1)(320.5)Lease