Company: PRGO
Filing Date: 2025-05-07
Form Type: 10-Q
Source: 0001585364-25-000056
Chunk: 6

Company: PERRIGO Co plc
Filing Date: 2025-05-07
Form: 10-Q
Item: Item 1
Chunk 6
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17.Foreign Currency Translation and Transactions We translate our non-U.S. dollar-denominated operations’ assets and liabilities into U.S. dollars at current rates of exchange as of the balance sheet date and income and expense items at the average exchange rate for the reporting period. Translation adjustments resulting from exchange rate fluctuations are recorded in the cumulative translation account, a component of Accumulated other comprehensive income (loss) ("AOCI"). Gains or losses from foreign currency transactions are included in Other (income) expense, net.

9

Perrigo Company plc - Item 1Note 1

Allowance for Credit LossesExpected credit losses on trade receivables and contract assets are measured collectively by geographic location. Historical credit loss experience provides the primary basis for estimation of expected credit losses and is adjusted for current conditions and for reasonable and supportable forecasts. Receivables that do not share risk characteristics are evaluated on an individual basis and are not included in the collective evaluation. The following table presents the allowance for credit losses activity (in millions):Three Months EndedMarch 29, 2025March 30, 2024Balance at beginning of period$6.0 $7.8 Provision for credit losses, net— 0.3 Receivables written-off(0.9)— Recoveries collected0.1 0.1 Currency translation adjustment0.2 (0.1)Balance at end of period$5.4 $8.1 

NOTE 2 - REVENUE RECOGNITION 

The following is a summary of our net sales by category (in millions): Three Months EndedMarch 29, 2025March 30, 2024CSCAUpper Respiratory$137.9 $130.3 Nutrition104.8 90.6 Digestive Health103.0 122.2 Pain and Sleep-Aids76.6 82.6 Healthy Lifestyle70.4 71.3 Oral Care62.0 64.7 Skin Care48.6 49.6 Women's Health15.0 27.2 Vitamins, Minerals, and Supplements ("VMS")1.6 4.2 Other CSCA(1)0.8 1.4 Total CSCA$620.7 $644.1 CSCISkin Care$111.5 $114.7 Upper Respiratory73.5 69.