Company: PRGO
Filing Date: 2025-02-28
Form Type: 10-K
Source: 0001585364-25-000014
Chunk: 115

Company: PERRIGO Co plc
Filing Date: 2025-02-28
Form: 10-K
Item: Item 8
Chunk 115
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$4.6 Loss from discontinued operations before tax$(13.0)$(10.4)$(4.6)Income tax (benefit) expense$(1.9)$(2.1)$5.1 Loss from discontinued operations, net of tax$(11.1)$(8.3)$(9.7) Select cash flow information related to discontinued operations was as follows (in millions):Year Ended(1) December 31, 2022Cash flows from discontinued operations investing activities:Net proceeds from sale of business$53.3 

(1) Cash flows from discontinued operations for the years ended December 31, 2024 and 2023 were not significant. 

NOTE 5 - INVENTORIES 

Major components of inventory were as follows (in millions): Year EndedDecember 31, 2024December 31, 2023Finished goods$627.1 $646.8 Work in process233.3 241.9 Raw materials221.4 252.2 Total inventories$1,081.8 $1,140.9 

79

Perrigo Company plc - Item 8Note 6

NOTE 6 - INVESTMENTS 

The following table summarizes the measurement category, balance sheet location, and balances of our equity securities (in millions): Year EndedMeasurement CategoryBalance Sheet LocationDecember 31, 2024December 31, 2023Fair value methodPrepaid expenses and other current assets$— $0.1 Fair value method(1)Other non-current assets$0.8 $1.3 Equity methodOther non-current assets$57.3 $60.1 (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): Year EndedMeasurement CategoryIncome Statement LocationDecember 31, 2024December 31, 2023December 31, 2022Fair value methodOther operating (income) expense, net$0.2 $0.4 $0.4 Equity methodOther operating (income) expense, net$1.5 $1.9 $1.5 

NOTE 7 - PROPERTY, PLANT AND EQUIPMENT, NET

We held the following property, plant and equipment, net (in millions):Useful life rangeDecember 31, 2024December