Company: PRGO
Filing Date: 2025-05-07
Form Type: 10-Q
Source: 0001585364-25-000056
Chunk: 11

Company: PERRIGO Co plc
Filing Date: 2025-05-07
Form: 10-Q
Item: Item 1
Chunk 11
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9.389.72Finance leases8.899.43Weighted-average discount rateOperating leases3.9 %3.3 %Finance leases3.4 %3.5 %Our lease cash flow classifications are as follows (in millions):Three Months EndedMarch 29, 2025March 30, 2024Cash paid for amounts included in the measurement of lease liabilitiesOperating cash flows for operating leases$9.2 $8.5 Operating cash flows for finance leases$0.1 $0.1 Financing cash flows for finance leases$0.5 $0.5 Leased assets obtained (used) in exchange for new finance lease liabilities$— $0.3 Leased assets obtained (used) in exchange for new operating lease liabilities$0.6 $1.7 

NOTE 8 - GOODWILL AND INTANGIBLE ASSETS 

GoodwillChanges in the carrying amount of goodwill, by reportable segment, were as follows (in millions):December 31, 2024ImpairmentsCurrency translation adjustmentsMarch 29, 2025CSCA(1)$2,076.1 $— $3.4 $2,079.5 CSCI(2)1,244.1 (1.2)52.8 1,295.7 Total goodwill$3,320.2 $(1.2)$56.2 $3,375.2 (1) We had accumulated goodwill impairments of $6.1 million as of March 29, 2025 and December 31, 2024.(2) We had accumulated goodwill impairments of $969.6 million and $968.4 million as of March 29, 2025 and December 31, 2024, respectively.Richard Bittner Business GoodwillOn March 10, 2025, the Company signed a definitive agreement to sell the Richard Bittner Business to HBI Health & Beauty Innovations Limited. As a result, we determined an impairment indicator existed and prepared a quantitative goodwill impairment test. We determined the carrying value of this business exceeded the fair value and recorded an impairment charge of $1.2 million within our CSCI segment. On April 11, 2025, we completed the sale of the Richard Bittner Business to HBI Health & Beauty Innovations Limited (refer to Note 3 and Note 9).