Company: PRGO
Filing Date: 2025-11-05
Form Type: 10-Q
Source: 0001585364-25-000156
Chunk: 42

Company: PERRIGO Co plc
Filing Date: 2025-11-05
Form: 10-Q
Item: Part II, Item 1
Chunk 42
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 - Item 1Note 11

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):September 27, 2025December 31, 2024United States Dollar (USD)$165.7 $97.9 British Pound (GBP)120.1 101.3 European Euro (EUR)45.1 54.9 Polish Zloty (PLZ)44.0 26.7 Danish Krone (DKK)42.3 57.8 Canadian Dollar (CAD)29.7 35.5 Swedish Krona (SEK)19.0 66.5 Chinese Yuan (CNH)13.0 31.9 Hungarian Forint (HUF)12.8 6.3 Norwegian Krone (NOK)2.5 6.8 Other(1)18.8 16.9 Total$513.0 $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.On August 1, 2025, we entered into a deal-contingent EUR/USD forward contract of €300 million to hedge foreign exchange risk related to the proceeds expected for the planned divestiture of our Dermacosmetics Business (refer to Note 4 for additional details). The contract is contingent on the successful closing of the transaction. If the divestiture does not close by January 13, 2027, the derivative will be terminated with no settlement obligation. 

19

Perrigo Company plc - Item 1Note 11

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 LocationSeptember 27, 2025December 31, 2024Designated derivative assets:Foreign currency forward contractsPrepaid expenses and other current