Company: PRGO
Filing Date: 2025-08-06
Form Type: 10-Q
Source: 0001585364-25-000122
Chunk: 19

Company: PERRIGO Co plc
Filing Date: 2025-08-06
Form: 10-Q
Item: Item 1
Chunk 19
---
2025June 29, 2024June 28, 2025June 29, 2024Foreign currency forward contractsOther (income) expense, net$0.3 $(2.6)$(0.8)$(3.3)Interest rate swap agreementsInterest expense, net$0.2 $14.4 $0.4 $14.4 

18

Perrigo Company plc - Item 1Note 10

The following tables summarize the effect of derivative instruments designated as hedging instruments in AOCI (in millions):Gain or (Loss) Reclassified from AOCI into EarningsRelated to Amounts Included in Effectiveness TestingRelated to Amounts Excluded from Effectiveness TestingAmount of Gain or (Loss) Recognized in OCI(1)Location of Gain or (Loss)Amount Reclassified(2)Location of Gain or (Loss)Amount Reclassified(2)Three Months Ended June 28, 2025Cash flow hedgesInterest rate swap agreements$(5.0)Interest expense, net$4.4 Interest expense, net$— Foreign currency forward contracts2.8 Net sales0.1 Net sales(0.1)Cost of sales0.1 Cost of sales— Other (income) expense, net(0.1)Total Cash flow hedges$(2.2)$4.6 $(0.2)Net investment hedgesCross-currency swaps$(169.0)Interest expense, net$9.5 Euro Notes Due 2032(31.0)Total Net investment hedges$(200.0)$9.5 Six Months Ended June 28, 2025Cash flow hedgesInterest rate swap agreements$(16.1)Interest expense, net$9.1 Interest expense, net$— Foreign currency forward contracts3.3 Net sales0.1 Net sales(0.1)Cost of sales0.4 Cost of sales0.1 Other (income) expense, net(0.1)Total Cash flow hedges$(12.8)$9.6 $(0.1)Net investment hedgesCross-currency swaps$(228.9)Interest expense, net$18.9 Euro Notes Due 2032(47.4)Total Net investment hedges$(276.3)$18.9 Three Months Ended June 29, 2024Cash flow hedgesInterest rate