Company: PRGO
Filing Date: 2025-05-07
Form Type: 10-Q
Source: 0001585364-25-000056
Chunk: 125

Company: PERRIGO Co plc
Filing Date: 2025-05-07
Form: 10-Q
Item: Part II, Item 1
Chunk 125
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 2024, the parties reached a settlement providing for the full and final settlement of the insurance coverage litigation. Prior to the end of 2024, the Company received the insurers' $98 million payment in full satisfaction of the insurers' remaining liability under each of the policies in question, and the parties dismissed their cross appeals previously filed in the High Court litigation. The full amount was recorded as income within Other operating (income) expense, net on the Consolidated Statement of Operations for the year ended December 31, 2024.

NOTE 17 - SEGMENT AND GEOGRAPHIC INFORMATION 

    The tables below show select financial measures by reporting segment(1) (in millions):CSCACSCIUnallocatedTotalMarch 29, 2025Total assets $4,533.4 $5,226.4 $— $9,759.8 Property, plant and equipment, net$758.8 $154.4 $— $913.2 December 31, 2024Total assets $4,687.6 $4,960.1 $— $9,647.7 Property, plant and equipment, net$769.0 $148.8 $— $917.8 CSCACSCIUnallocatedTotalThree Months Ended March 29, 2025Net sales$620.7 $423.1 $— $1,043.9 Cost of sales420.7 230.9 — 651.6 Gross profit200.1 192.2 — 392.3 Gross margin 32.2 %45.4 %— %37.6 %Operating expensesDistribution13.2 9.6 — 22.8 Research and development15.1 11.6 — 26.7 Selling56.8 89.3 — 146.2 Administration30.9 35.3 46.1 112.2 Impairment charges— 3.1 — 3.1 Restructuring20.1 3.8 5.5 29.4 Other operating (income) expense, net— — 5.0 5.0 Total operating expenses136.1 152.7 56.6 345.4 Operating income (loss)$64.0 $39.6