Company: PRMB
Filing Date: 2025-08-07
Form Type: 10-Q
Source: 0002042694-25-000015
Chunk: 152

Company: Primo Brands Corp
Filing Date: 2025-08-07
Form: 10-Q
Item: Part I, Item 8
Chunk 152
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 presents the components of identifiable intangible assets associated with the Transaction and their estimated weighted-average useful lives:($ in millions)Estimated Fair Market ValueWeighted-Average Useful Life (Years)Trademarks and trade names$594.8IndefiniteDefinite-lived trademarks and trade names15.11 yearCustomer relationships1,048.815 yearsWater rights157.425 yearsSoftware15.11 yearOther4.32 yearsTotal identifiable intangible assets$1,835.5GoodwillThe principal factor that resulted in recognition of goodwill was the basis of the purchase price in the Transaction, in part, on cash flow projections assuming the reduction of administration costs and the integration of acquired customers and products into the Company's operations, which is of greater value than on a standalone basis.

NOTE 4—ASSETS HELD FOR SALE AND DISCONTINUED OPERATIONS

Discontinued OperationsFollowing completion of the Transaction, Primo Water's Remaining International Businesses are presented as discontinued operations on the Condensed Consolidated Financial Statements and notes thereto.On April 11, 2025, the Company completed the sale of its Eden Springs Netherlands B.V. business located in the United Kingdom for aggregate deal consideration of $9.7 million. The sale did not have a material impact on the Condensed Consolidated Financial Statements.As of June 30, 2025, the total assets and liabilities of discontinued operations classified as held for sale included in the  Condensed Consolidated Balance Sheets were $179.3 million and $119.0 million, respectively.As of December 31, 2024, the total assets and liabilities of discontinued operations classified as held for sale included in the  Condensed Consolidated Balance Sheets were $184.8 million and $113.3 million, respectively.Continuing Operations Assets Held for SaleIn October 2024, the Company's management approved the sale of a production facility in Ontario, Canada. As of December 31, 2024, $45.9 million in assets held for sale related to this production facility were classified in Current assets held for sale in the Consolidated Balance Sheets. The Company closed on the sale of the facility and associated assets on January 31, 2025, resulting in an insignificant loss on the transaction.

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NOTE 5—INVENTORIES

The following table presents the components of Inventories in the Condensed Consolidated Balance Sheets as of the periods presented:($ in millions)June 30, 2025December 31, 2024Raw and packaging materials and semi