Company: PRGO
Filing Date: 2025-08-06
Form Type: 10-Q
Source: 0001585364-25-000122
Chunk: 218

Company: PERRIGO Co plc
Filing Date: 2025-08-06
Form: 10-Q
Item: Item 9
Chunk 218
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2025 or the year ended December 31, 2024 (refer to Note 10 for a discussion of derivatives).Non-recurring Fair Value MeasurementsThe non-recurring fair values represent only those assets whose carrying values were adjusted to fair value during the reporting period.Prevacid® Branded ProductDuring the three months ended June 28, 2025, we measured the impairment of our Prevacid® branded product, a definite-lived intangible asset. We utilized a discounted cash flow technique to estimate the fair value of the asset. Significant valuation inputs and assumptions relate to our projected future contribution margin, which include our estimated market share at planned investment levels and the expected selling price. We concluded the fair value was $5.5 million. Fixed Rate Long-term Debt    Our fixed rate long-term debt consisted of the following (in millions): June 28, 2025December 31, 2024Public BondsLevel 1Level 1Carrying value (excluding discount)$2,269.6 $2,221.8 Fair value$2,200.0 $2,083.9 The fair values of our public bonds for all periods were based on quoted market prices.

The carrying amounts of our other financial instruments, consisting of cash and cash equivalents, accounts receivable, accounts payable, short-term debt, revolving credit agreements, and variable rate long-term debt, approximate their fair value.