Company: PRGO
Filing Date: 2025-02-28
Form Type: 10-K
Source: 0001585364-25-000014
Chunk: 233

Company: PERRIGO Co plc
Filing Date: 2025-02-28
Form: 10-K
Item: Item 8
Chunk 233
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1)Interest expense, net$— Interest rate swap agreements50.5 Interest expense, net4.6 Interest expense, net— Foreign currency forward contracts4.1 Net sales1.6 Net sales(0.5)Cost of sales(4.8)Cost of sales(0.2)Other (income) expense, net(1.4)Total Cash flow hedges$54.6 $1.3 $(2.1)Net investment hedgesCross-currency swaps$5.3 Interest expense, net$(17.2)  (1) Net income of $29.1 million is expected to be reclassified out of AOCI into earnings during 2025.(2) For additional details about the effect of the amounts reclassified from AOCI refer to Note 16.

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Perrigo Company plc - Item 8Note 11

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, netYear Ended December 31, 2024Total amounts of income and expense line items presented on the Consolidated Statements of Operations in which the effects of fair value or cash flow hedges are recorded$4,373.4 $2,830.7 $187.8 $(0.9)Gain (loss) on cash flow hedging relationshipsForeign currency forward contractsAmount of gain or (loss) reclassified from AOCI into earnings$(0.4)$0.1 $— $— Amount excluded from effectiveness testing recognized using a systematic and rational amortization approach$0.1 $— $— $(0.2)Interest rate swap agreementsAmount of gain or (loss) reclassified from AOCI into earnings$— $— $31.8 $— Year Ended December 31, 2023Total amounts of income and expense line items presented on the Consolidated Statements of Operations in which the effects of fair value or cash flow hedges are recorded$4,655.6 $2,975.2 $173.8 $(10.4)Gain (loss) on cash flow hedging relationshipsForeign currency forward contractsAmount of gain or (loss) reclassified from AOCI into earnings$(0.1)$0.3 $— $— Amount excluded from effectiveness testing recognized using a