Company: THS
Filing Date: 2025-05-06
Form Type: 10-Q
Source: 0001320695-25-000089
Chunk: 32

Company: TreeHouse Foods, Inc.
Filing Date: 2025-05-06
Form: 10-Q
Item: Part I, Item 1
Chunk 32
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 the carrying amount of goodwill, which include no accumulated impairment losses, for the three months ended March 31, 2025 are as follows:Goodwill (In millions)Balance at December 31, 2024$1,819.3 Foreign currency exchange adjustments0.1 Acquisition69.7 Balance at March 31, 2025$1,889.1 Intangible AssetsThe gross carrying amounts and accumulated amortization of intangible assets as of March 31, 2025 and December 31, 2024 are as follows: March 31, 2025December 31, 2024GrossCarryingAmountAccumulatedAmortizationNetCarryingAmountGrossCarryingAmountAccumulatedAmortizationNetCarryingAmount (In millions)Intangible assets with finite lives:      Customer-related$611.1 $(404.9)$206.2 $546.0 $(395.6)$150.4 Trademarks32.1 (17.6)14.5 19.2 (17.0)2.2 Formulas/recipes15.4 (15.1)0.3 15.4 (15.0)0.4 Computer software213.4 (161.7)51.7 212.6 (158.7)53.9 Total finite lived intangibles872.0 (599.3)272.7 793.2 (586.3)206.9 Intangible assets with indefinite lives:Trademarks6.0 — 6.0 6.0 — 6.0 Total intangible assets$878.0 $(599.3)$278.7 $799.2 $(586.3)$212.9 

15

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

9. INCOME TAXES  Income taxes were recognized at effective rates of 27.1% for the three months ended March 31, 2025, compared to 23.5% for the three months ended March 31, 2024. The change in the Company's effective tax rate for the three months ended March 31, 2025 compared to 2024 is primarily driven by changes in the amounts of executive compensation that is not deductible for tax purposes