Company: PRMB
Filing Date: 2025-02-27
Form Type: 10-K
Source: 0002042694-25-000003
Chunk: 162

Company: Primo Brands Corp
Filing Date: 2025-02-27
Form: 10-K
Item: Item 16
Chunk 162
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97.4%, 97.4%, and 97.3% of consolidated net sales for the years ended December 31, 2024, 2023, and 2022, respectively.Disaggregation of net sales by water type for the periods presented is as follows:For the Years Ended December 31,($ in millions)202420232022Regional spring water$3,234.5 $3,146.1 $3,036.3 Purified water1,348.7 1,133.6 1,000.6 Premium water94.8 46.7 27.3 Other water140.7 108.4 125.8 Other333.8 263.9 251.1 Total net sales$5,152.5 $4,698.7 $4,441.1 Contract BalancesThe Company does not have any material contract assets or liabilities as of December 31, 2024 and December 31, 2023.

NOTE 18—ACQUISITION, INTEGRATION AND RESTRUCTURING EXPENSES

Acquisition expenses include those costs associated with the Transaction, as well as costs incurred on potential acquisitions. Integration and restructuring expenses mainly include costs incurred to achieve post-Transaction synergies, information technology implementation costs, and costs incurred on business optimization, among others. In connection with the closing of the Transaction, the Board authorized a series of cost cutting measures which are expected to continue through 2026. These restructuring costs are expected to result in a range of approximately $75.0 million - $100.0 million of aggregate charges, which are anticipated to include $47.0 million - $55.0 million of one-time cash termination benefits and costs associated with the decommissioning of facilities and the early termination of leases. The following table summarizes the components of Acquisition, integration and restructuring expenses in the Consolidated Statements of Operations:For the Years Ended December 31,202420232022Transaction costs$108.7$—$—Other acquisition expenses—2.4—Total acquisition expenses108.72.4—Information technology implementation costs—5.361.3Non-cash exit and disposal charges22.0——Other integration expenses26.1—3.9Employee severance and termination related benefits47.39.218.6Total integration and restructuring expenses95.414.583.8Total acquisition, integration and restructuring expenses$204.1$16