Company: PRGO
Filing Date: 2025-11-05
Form Type: 10-Q
Source: 0001585364-25-000156
Chunk: 111

Company: PERRIGO Co plc
Filing Date: 2025-11-05
Form: 10-Q
Item: Item 7
Chunk 111
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— 8.2 Total assets$— $— $5.5 $— $— $42.7 (1) During the year ended December 31, 2024, contingent consideration was recognized as a result of the divestiture of the Rare Diseases Business.(2) During the nine months ended September 27, 2025, we assessed the fair value of our Prevacid® branded product at $5.5 million, resulting in an asset impairment charge of $1.5 million. During the year ended December 31, 2024, we assessed the fair value of our Prevacid® branded product at $8.2 million, resulting in an asset impairment charge of $38.6 million.There were no transfers within Level 3 fair value measurements during the three and nine months ended September 27, 2025 or the year ended December 31, 2024 (refer to Note 11 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 nine months ended September 27, 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. Rare Diseases BusinessOn July 10, 2024, we completed the sale of our Rare Diseases Business to ESTEVE. The measurement of consideration received included a non-recurring valuation of the contingent earn-out milestone payments at $34.5 million utilizing a Monte Carlo simulation. The approach determined the expected value of achieving the milestone payments based on adjusted revenue projections for the Rare Diseases Business and the cash flows were discounted (Refer to Note 3). 

17

Perrigo Company plc - Item 1Note 10

Fixed Rate Long-term Debt    Our fixed rate long-term debt consisted of the following (in millions): September 27, 2025December 31, 2024Public BondsLevel 1Level 1Carrying value (excluding discount)$2,268.9 $2,221.8 Fair value$2,202.0 $2,083.