Company: PRGO
Filing Date: 2025-11-05
Form Type: 10-Q
Source: 0001585364-25-000156
Chunk: 123

Company: PERRIGO Co plc
Filing Date: 2025-11-05
Form: 10-Q
Item: Item 7
Chunk 123
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 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 15

NOTE 15 - 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 EndedSeptember 27, 2025Supply Chain ReinventionHRA Pharma Integration Project EnergizeNutrition Network Optimization Other InitiativesTotalBeginning balance$1.1 $— $22.2 $17.7 $— $41.0 Additional charges5.8 — 14.6 0.4 — 20.8 Payments(2.2)— (8.6)— — (10.8)Non-cash adjustments— — (0.5)— — (0.5)Foreign currency effect1.1 — (1.2)— — (0.1)Ending balance$5.8 $— $26.5 $18.1 $— $50.4 Nine Months EndedSeptember 27, 2025Supply Chain ReinventionHRA Pharma Integration Project EnergizeNutrition Network Optimization Other InitiativesTotalBeginning balance$2.3 $1.6 $27.9 $— $1.0 $32.8 Additional charges12.5 (1.5)29.8 18.1 — 58.9 Payments(10.8)— (31.4)— (1.0)(43.2)Non-cash adjustments— — (3.3)— — (3.3)Foreign currency effect1.8 (0.1)3.5 — — 5.2 Ending balance$5.8 $— $26.5 $18.1 $— $50.4 Three Months EndedSeptember 28, 2024Supply Chain ReinventionHRA Pharma Integration Project Energize