Company: PRGO
Filing Date: 2025-08-06
Form Type: 10-Q
Source: 0001585364-25-000122
Chunk: 159

Company: PERRIGO Co plc
Filing Date: 2025-08-06
Form: 10-Q
Item: Item 7
Chunk 159
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 Adjustments, net of taxPost-Employment Plan Adjustments, net of taxTotal AOCIBalance at December 31, 2024$36.9 $(196.0)$(3.3)$(162.4)OCI before reclassifications(16.4)263.9 (0.5)247.0 Amounts reclassified from AOCI(9.6)— — (9.6)Other comprehensive income (loss)$(26.0)$263.9 $(0.5)$237.4 Balance at June 28, 2025$10.9 $67.9 $(3.8)$75.0 For additional details about the effect of the amounts reclassified from AOCI refer to Note 10.The tax effects on the net activity related to each component of other comprehensive income (loss), were as follows (in millions): Three Months EndedSix Months EndedTax (benefit) expenseJune 28, 2025June 29, 2024June 28, 2025June 29, 2024Fair value of derivative financial instruments $(2.4)$(0.4)$(6.2)$5.7 Foreign currency translation adjustments (53.5)— (72.3)9.7 Post-employment plan adjustments — — — (0.1)(Benefit) expense for income taxes related to other comprehensive income (loss) $(55.9)$(0.4)$(78.5)$15.3 Except for the tax effects of foreign currency translation adjustments related to our foreign-denominated notes and cross-currency interest rate swaps designated as net investment hedges (refer to Note 10), income taxes were not provided for foreign currency translation. Generally, the assets and liabilities of foreign operations are translated into U.S. dollars using the current exchange rate. For those operations, changes in exchange rates generally do not affect cash flows; therefore, resulting translation adjustments are made in the Condensed Consolidated Statements of Shareholders' Equity rather than in the Condensed Consolidated Statements of Operations.

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Perrigo Company plc - Item 1Note 14

NOTE 14 - RESTRUCTURING CHARGES

We periodically take action to reduce redundant expenses and improve operating efficiencies. Restructuring activity includes severance, lease exit costs, asset impairments, and related consulting fees. The following reflects our restructuring activity (in millions):Three Months EndedJune