Company: PRGO
Filing Date: 2025-08-06
Form Type: 10-Q
Source: 0001585364-25-000122
Chunk: 89

Company: PERRIGO Co plc
Filing Date: 2025-08-06
Form: 10-Q
Item: Part II, Item 1
Chunk 89
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 Condensed Consolidated Statements of Operations.

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Perrigo Company plc - Item 1Note 14

NOTE 14 - 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 EndedJune 28, 2025Supply Chain ReinventionHRA Pharma Integration Project EnergizeNutrition Network Optimization Other InitiativesTotalBeginning balance$0.8 $1.6 $26.7 $16.5 $— $45.6 Additional charges2.2 (1.5)6.8 1.2 — 8.7 Payments(1.7)— (8.5)— — (10.2)Non-cash adjustments— — (2.8)— — (2.8)Foreign currency effect(0.2)(0.1)— — — (0.3)Ending balance$1.1 $— $22.2 $17.7 $— $41.0 Six Months EndedJune 28, 2025Supply Chain ReinventionHRA Pharma Integration Project EnergizeNutrition Network Optimization Other InitiativesTotalBeginning balance$2.3 $1.6 $27.9 $— $1.0 $32.8 Additional charges6.8 (1.5)15.1 17.7 — 38.1 Payments(8.6)— (22.9)— (1.0)(32.5)Non-cash adjustments— — (2.8)— — (2.8)Foreign currency effect0.6 (0.1)4.9 — — 5.4 Ending balance$1.1 $— $22.2 $17.7 $— $41.0 Three Months EndedJune 29, 2024Supply Chain ReinventionHRA Pharma Integration Project EnergizeOther InitiativesTotalBeginning balance$0.9 $6.6 32.6 $0.9 $41.0 Additional charges2.2 — 34.7 — 36.9 Payments(2.7)(1.7)(23