Company: PRGO
Filing Date: 2025-08-06
Form Type: 10-Q
Source: 0001585364-25-000122
Chunk: 20

Company: PERRIGO Co plc
Filing Date: 2025-08-06
Form: 10-Q
Item: Item 1
Chunk 20
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 swap agreements$6.6 Interest expense, net$8.6 Interest expense, net$— Foreign currency forward contracts(0.5)Net sales— Net sales(0.2)Cost of sales0.1 Cost of sales(0.2)Other (income) expense, net— Total Cash flow hedges$6.1 $8.7 $(0.4)Net investment hedgesCross-currency swaps$17.4 Interest expense, net$6.8 Six Months Ended June 29, 2024Cash flow hedgesInterest rate swap agreements$40.1 Interest expense, net$16.3 Interest expense, net$— Foreign currency forward contracts(0.4)Net sales(0.1)Net sales(0.5)Cost of sales0.1 Cost of sales(0.4)Other (income) expense, net(0.1)Total Cash flow hedges$39.7 $16.3 $(1.0)Net investment hedgesCross-currency swaps$66.3 Interest expense, net$14.1 (1) Net income of $20.5 million is expected to be reclassified out of AOCI into earnings during the next 12 months.(2) For additional details about the effect of the amounts reclassified from AOCI refer to Note 13.

19

Perrigo Company plc - Item 1Note 10

The classification and amount of gain/(loss) recognized in earnings related to fair value and hedging relationships on the Condensed Consolidated Statement of Operations were as follows (in millions):Net SalesCost of SalesInterest Expense, netOther (Income) Expense, netThree Months Ended June 28, 2025Total amounts of income and expense line items presented on the Condensed Consolidated Statements of Operations in which the effects of fair value or cash flow hedges are recorded$1,056.3 $693.4 $39.6 $2.6 Gain (loss) on cash flow hedging relationshipsForeign currency forward contractsAmount of gain reclassified from AOCI into earnings$0.1 $0.1 $— $— Amount excluded from effectiveness testing recognized using a systematic and rational amortization approach$(0.1)$— $— $(0.1)Interest rate swap agreementsAmount of gain reclassified from AOCI into earnings$— $—