Company: PRGO
Filing Date: 2025-05-07
Form Type: 10-Q
Source: 0001585364-25-000056
Chunk: 13

Company: PERRIGO Co plc
Filing Date: 2025-05-07
Form: 10-Q
Item: Item 1
Chunk 13
---
$— $5.5 $— Cross-currency swaps— — — — 14.2 — Interest rate swap agreements— 5.3 — — 9.3 — Total assets$— $7.4 $— $— $29.0 $— Liabilities:Foreign currency forward contracts$— $5.6 $— $— $5.6 $— Cross-currency swaps— 98.5 — — 46.8 — Interest rate swap agreements— 30.4 — — 22.6 — Total liabilities$— $134.5 $— $— $75.0 $— Measured at fair value on a non-recurring basis:Assets:Contingent consideration(1) $— $— $— $— $— $34.5 Goodwill(2)— — 5.0 — — — Assets held for sale, net(3)— — 12.8 — — — Total assets$— $— $17.8 $— $— $34.5 (1) During the year ended December 31, 2024, contingent consideration was recognized as a result of the divestiture of the Rare Diseases Business.(2) During the three months ended March 29, 2025, goodwill within the Richard Bittner Business with a carrying value of $6.2 million was written down to a fair value of $5.0 million.(3) We measured the net assets held for sale for impairment purposes and recorded a total impairment of $1.9 million, resulting in a net asset held for sale balance of $12.8 million (refer to Note 3).

15

Perrigo Company plc - Item 1Note 9

There were no transfers within Level 3 fair value measurements during the three months ended March 29, 2025 or the year ended December 31, 2024 (refer to Note 10 for a discussion of derivatives).Non-recurring Fair Value MeasurementsThe non-recurring fair values represent only those assets whose carrying values were adjusted to fair value during the reporting period.Goodwill Richard Bittner BusinessDuring the three months ended March 29, 2025, we