Company: PRGO
Filing Date: 2025-05-07
Form Type: 10-Q
Source: 0001585364-25-000056
Chunk: 80

Company: PERRIGO Co plc
Filing Date: 2025-05-07
Form: 10-Q
Item: Item 8
Chunk 80
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aris") obligation to indemnify the Company for fifty percent of these liabilities up to an aggregate cap on Altaris' obligation of $50.0 million. As of March 29, 2025, the loss accrual for litigation contingencies reflected on the Condensed Consolidated Balance Sheet in Other accrued liabilities included $13.5 million related to discontinued operations. A recovery receivable was recorded for fifty percent of this liability as of March 29, 2025. Pending the resolution of this litigation, we have not requested payments from Altaris related to the indemnity of these liabilities as of March 29, 2025. 

Current and prior period reported net loss from discontinued operations primarily relates to the provision for litigation contingencies. 

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Perrigo Company plc - Item 1Note 5

NOTE 5 - INVENTORIES 

Major components of inventory were as follows (in millions): March 29, 2025December 31, 2024Finished goods$700.3 $627.1 Work in process237.8 233.3 Raw materials216.9 221.4 Total inventories$1,155.0 $1,081.8 

NOTE 6 - INVESTMENTS 

The following table summarizes the measurement category, balance sheet location, and balances of our equity securities (in millions): Measurement CategoryBalance Sheet LocationMarch 29, 2025December 31, 2024Fair value method(1)Other non-current assets$0.9 $0.8 Equity methodOther non-current assets$57.2 $57.3 (1) Measured at fair value using the Net Asset Value practical expedient.The following table summarizes the (income) expense recognized in earnings of our equity securities (in millions):Three Months EndedMeasurement CategoryIncome Statement LocationMarch 29, 2025March 30, 2024Fair value methodOther operating (income) expense, net$(0.1)$0.1 Equity methodOther operating (income) expense, net$0.1 $0.6 

NOTE 7 - LEASES

The balance sheet locations of our lease assets and liabilities were as follows (in millions):AssetsBalance Sheet LocationMarch 29, 2025December 31, 2024OperatingOperating lease assets$170.1 $175.2 FinanceOther non-current assets11.2 11.7 Total$181.