Company: PRGO
Filing Date: 2025-05-07
Form Type: 10-Q
Source: 0001585364-25-000056
Chunk: 96

Company: PERRIGO Co plc
Filing Date: 2025-05-07
Form: 10-Q
Item: Part II, Item 1
Chunk 96
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 be recorded in Interest expense, net on a systematic and rational basis. As of March 29, 2025, the fixed-for-fixed cross currency swaps total $2.3 billion notional amount, of which $515.0 million, $1.0 billion, $300.0 million, $315.0 million, and $200.0 million notional amount is effective through March 2026, April 2027, September 2028, December 2030, and March 2033, respectively.Other Hedging InstrumentsThe €350.0 million 2032 Notes (as defined in Note 11) are designated as a net investment hedge on our investment in European operations. As a designated net investment hedge, gains and losses related to the EUR spot exchange rate will be deferred within the Cumulative Translation Adjustment, a component of AOCI, and recognized in the Condensed Consolidated Statements of Operations when the hedged EUR net investment is substantially liquidated. Foreign Currency ForwardsNotional amounts of foreign currency forward contracts were as follows (in millions):March 29, 2025December 31, 2024British Pound (GBP)$109.6 $101.3 United States Dollar (USD)74.4 97.9 European Euro (EUR)52.6 54.9 Swedish Krona (SEK)51.1 66.5 Danish Krone (DKK)46.9 57.8 Polish Zloty (PLZ)30.8 26.7 Chinese Yuan (CNH)24.7 31.9 Canadian Dollar (CAD)19.8 35.5 Norwegian Krone (NOK)9.3 6.8 Hungarian Forint (HUF)8.2 6.3 Other(1)18.1 16.9 Total$445.5 $502.5 (1) Number consists of various currencies notional amounts, none of which individually exceed $10.0 million in either year presented.The maximum term of our forward currency exchange contracts is 60 months.

17

Perrigo Company plc - Item 1Note 10

Effects of Derivatives on the Financial StatementsThe below tables indicate the effects of all derivative instruments on the Condensed Consolidated Financial Statements. All amounts exclude income tax effects. The balance sheet location and gross fair value of