Company: PRGO
Filing Date: 2025-08-06
Form Type: 10-Q
Source: 0001585364-25-000122
Chunk: 220

Company: PERRIGO Co plc
Filing Date: 2025-08-06
Form: 10-Q
Item: Item 10
Chunk 220
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0 billion, $300.0 million, $315.0 million, and $200.0 million notional amounts are effective through March 2026, April 2027, September 2028, December 2030, and March 2033, respectively.Other Hedging InstrumentsThe €350.0 million 2032 Notes (as defined in Note 11) are designated as a net investment hedge on our investment in European operations. As a designated net investment hedge, gains and losses related to the EUR spot exchange rate will be deferred within the Cumulative Translation Adjustment, a component of AOCI, and recognized in the Condensed Consolidated Statements of Operations when the hedged EUR net investment is substantially liquidated. Foreign Currency ForwardsNotional amounts of foreign currency forward contracts were as follows (in millions):June 28, 2025December 31, 2024United States Dollar (USD)$132.8 $97.9 British Pound (GBP)73.9 101.3 European Euro (EUR)55.3 54.9 Swedish Krona (SEK)45.6 66.5 Danish Krone (DKK)44.7 57.8 Polish Zloty (PLZ)31.0 26.7 Chinese Yuan (CNH)19.8 31.9 Canadian Dollar (CAD)16.1 35.5 Hungarian Forint (HUF)10.8 6.3 Norwegian Krone (NOK)3.5 6.8 Other(1)11.2 16.9 Total$444.7 $502.5 (1) Number consists of notional amounts of various currencies, none of which individually exceed $10.0 million in either year presented.The maximum term of our forward currency exchange contracts is 60 months.

17

Perrigo Company plc - Item 1Note 10

Effects of Derivatives on the Financial StatementsThe below tables indicate the effects of all derivative instruments on the Condensed Consolidated Financial Statements. All amounts exclude income tax effects. The balance sheet location and gross fair value of our derivative instruments were as follows (in millions): Balance Sheet LocationJune 28, 2025December 31, 2024Designated derivative assets:Foreign currency forward contractsPrepaid expenses and other current assets$2.2 $2.1