Company: PRGO
Filing Date: 2025-05-07
Form Type: 10-Q
Source: 0001585364-25-000056
Chunk: 18

Company: PERRIGO Co plc
Filing Date: 2025-05-07
Form: 10-Q
Item: Item 1
Chunk 18
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 13.

19

Perrigo Company plc - Item 1Note 10

The classification and amount of gain/(loss) recognized in earnings on fair value and hedging relationships were as follows (in millions):Net SalesCost of SalesInterest Expense, netOther (Income) Expense, netThree Months Ended March 29, 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$1,043.9 $651.6 $39.0 $(0.4)Gain (loss) on cash flow hedging relationshipsForeign currency forward contractsAmount of gain or (loss) reclassified from AOCI into earnings$— $0.4 $— $— Amount excluded from effectiveness testing recognized using a systematic and rational amortization approach$(0.1)$0.1 $— $— Interest rate swap agreementsAmount of gain or (loss) reclassified from AOCI into earnings$— $— $4.7 $— Three Months Ended March 30, 2024Total 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$1,082.1 $724.4 $43.0 $0.4 Gain (loss) on cash flow hedging relationshipsForeign currency forward contractsAmount of gain or (loss) reclassified from AOCI into earnings$0.1 $— $— $— Amount excluded from effectiveness testing recognized using a systematic and rational amortization approach$(0.3)$(0.2)$— $— Interest rate swap agreementsAmount of gain or (loss) reclassified from AOCI into earnings$— $— $7.8 $— 

20

Perrigo Company plc - Item 1Note 11

NOTE 11 - INDEBTEDNESS

Total borrowings are summarized as follows (in millions): March 29, 2025December 31, 2024Term loansTerm A Loans due April 20, 2027(1)$440.6 $446.9 Term B Loans due April 20, 2029(1)979.8 982.2 Total term loans$1,420.4 $1,429.1 Notes and Bonds