Company: PRMB
Filing Date: 2025-02-27
Form Type: 10-K
Source: 0002042694-25-000003
Chunk: 136

Company: Primo Brands Corp
Filing Date: 2025-02-27
Form: 10-K
Item: Item 16
Chunk 136
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$137.3$124.7Sub-lease income$2.5$0.2$0.2The operating lease expense above is included within the Other non-cash items line item in the Consolidated Statements of Cash Flows.Included in Cost of sales in the Consolidated Statements of Operations during the year ended December 31, 2023 is an impairment charge of $4.5 million for RoU assets related to factory equipment that management determined was no longer fit for service.The following table summarizes supplemental cash flow information related to leases for the periods presented:For the Year Ended December 31,($ in millions)202420232022Cash paid for amounts included in the measurement of lease obligations:Operating cash outflows related to operating leases$114.1$114.8$96.3Operating cash outflows related to finance leases$2.3$0.1$—Financing cash outflows related to finance leases$8.2$0.4$—Right-of-use assets obtained in exchange for lease obligations:Operating leases$12.7$136.6$78.2Finance leases$42.7$11.3$—

F-22

The following table summarizes supplemental balance sheet information related to leases as of the periods presented:December 31,($ in millions)20242023Operating leases:Operating lease right-of-use assets, net$628.7$552.0Current operating lease obligations$95.5$73.8Operating lease obligations, less current portion555.6498.2Total operating lease obligations$651.1$572.0Finance leases:Property, plant and equipment, net$100.3$10.9Current portion of long-term debt$27.4$1.8Long-term debt, less current portion72.88.2Total financing lease obligations$100.2$10.0Weighted-average remaining lease term:Operating leases8.2 years8.8 yearsFinancing leases4.2 years4.6 yearsWeighted-average discount rate:Operating leases5.8%5.7%Financing leases6.4%9.6%The following table summarizes the maturities of lease obligations:($ in millions)Operating Leases Finance Leases2025$133.6$33.52026121.831.12027103.019.4202885.113.7202970.07.4Thereafter313.99.6Total lease payments827.4114.7Less: