Company: THS
Filing Date: 2025-07-31
Form Type: 10-Q
Source: 0001320695-25-000099
Chunk: 42

Company: TreeHouse Foods, Inc.
Filing Date: 2025-07-31
Form: 10-Q
Item: Part I, Item 1
Chunk 42
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 As of our last annual impairment test, our reporting unit had a significant cushion over its fair value. Since this date, our performance has tracked with our year-to-date financial targets. Additionally, the Company is realizing planned benefits from our acquisition of Harris Tea, cost savings initiatives, and continued strength and investment by retailers in private brands. We will continue to monitor goodwill for potential impairment throughout the rest of the year.Intangible AssetsThe gross carrying amounts and accumulated amortization of intangible assets as of June 30, 2025 and December 31, 2024 are as follows: June 30, 2025December 31, 2024GrossCarryingAmountAccumulatedAmortizationNetCarryingAmountGrossCarryingAmountAccumulatedAmortizationNetCarryingAmount (In millions)Intangible assets with finite lives:      Customer-related$612.9 $(415.6)$197.3 $546.0 $(395.6)$150.4 Trademarks31.3 (17.4)13.9 19.2 (17.0)2.2 Formulas/recipes15.4 (15.2)0.2 15.4 (15.0)0.4 Computer software190.6 (141.2)49.4 212.6 (158.7)53.9 Total finite lived intangibles850.2 (589.4)260.8 793.2 (586.3)206.9 Intangible assets with indefinite lives:Trademarks6.0 — 6.0 6.0 — 6.0 Total intangible assets$856.2 $(589.4)$266.8 $799.2 $(586.3)$212.9 

16

TREEHOUSE FOODS, INC.NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS — (Continued)

9. INCOME TAXES  Income taxes were recognized at effective rates of 48.2% and 29.5% for the three and six months ended June 30, 2025, respectively, compared to 20.1% and 21.5% for the three and six months ended June 30, 2024, respectively. The change in the Company's effective tax rate for the three and six months ended June 30, 2025 compared