Company: PRMB
Filing Date: 2025-02-07
Form Type: S-1/A
Source: 0001193125-25-022806
Chunk: 353

Company: Primo Brands Corp
Filing Date: 2025-02-07
Form: S-1/A
Chunk 353
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 2022:

|                             | (in millions of U.S. dollars) | For the Fiscal Year Ended | December 30, 2023 |     |   | December 31, 2022 |     |   | January 1, 2022 |
|:----------------------------|:------------------------------|:--------------------------|------------------:|:----|:--|------------------:|:----|:--|----------------:|
| Interest on long-term debt  |                               | $                         |              51.7 |     | $ |              50.8 |     | $ |            56.3 |
| Interest on short-term debt |                               |                           |              14.1 |     |   |               9.3 |     |   |             4.1 |
| Other interest expense, net |                               |                           |               5.6 |     |   |               7.7 |     |   |             7.9 |
| Total                       |                               | $                         |              71.4 |     | $ |              67.8 |     | $ |            68.3 |

F-90

Note 7—Income Taxes Provision (Benefit) for Income Taxes Income (loss) from continuing operations, before income taxes consisted of the following:

|                                                               | (in millions of U.S. dollars) | For the Fiscal Year Ended | December 30, 2023 |   |     |   | December 31, 2022 |   |     |   | January 1, 2022 |   |
|:--------------------------------------------------------------|:------------------------------|:--------------------------|------------------:|:--|:----|:--|------------------:|:--|:----|:--|----------------:|:--|
| Canada                                                        |                               | $                         |             (54.9 | ) |     | $ |              (1.3 | ) |     | $ |           (30.1 | ) |
| Outside Canada                                                |                               |                           |             145.7 |   |     |   |              79.5 |   |     |   |            42.7 |   |
| Income (loss) from continuing operations, before income taxes |                               | $                         |              90.8 |   |     | $ |              78.2 |   |     | $ |            12.6 |   |

Income tax expense consisted of the following: