Company: PRGO
Filing Date: 2025-08-06
Form Type: 10-Q
Source: 0001585364-25-000122
Chunk: 151

Company: PERRIGO Co plc
Filing Date: 2025-08-06
Form: 10-Q
Item: Item 7
Chunk 151
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 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 Cross-currency swapsOther non-current assets— 14.2 Interest rate swap agreements Interest rate swap agreements 3.5 9.3 Total designated derivative assets$5.7 $25.6 Non-designated derivative assets:Foreign currency forward contracts Prepaid expenses and other current assets$4.8 $3.4 Total non-designated derivatives$4.8 $3.4 Designated derivative liabilities:Foreign currency forward contractsOther accrued liabilities $1.4 $4.1 Cross-currency swapsOther accrued liabilities 97.2 — Cross-currency swapsOther non-current liabilities176.3 46.8 Interest rate swap agreementsOther non-current liabilities22.1 9.0 Total designated derivative liabilities$297.0 $59.9 Non-designated derivative liabilities:Foreign currency forward contractsOther accrued liabilities$4.4 $1.5 Interest rate swap agreementsOther non-current liabilities12.2 13.6 Total non-designated derivative liabilities$16.6 $15.1 The amounts of (income)/expense recognized in earnings related to our non-designated derivatives on the Condensed Consolidated Statements of Operations were as follows (in millions): Three Months EndedSix Months EndedNon-Designated DerivativesIncome Statement LocationJune 28, 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 

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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 Testing