Company: PRGO
Filing Date: 2025-02-28
Form Type: 10-K
Source: 0001585364-25-000014
Chunk: 254

Company: PERRIGO Co plc
Filing Date: 2025-02-28
Form: 10-K
Item: Item 8
Chunk 254
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 our CSCA segment, also due primarily to supply chain restructuring initiatives. Of the amount recorded during the year ended December 31, 2022, $29.4 million was related to our CSCI segment, due primarily to supply chain restructuring and HRA integration initiatives, and $2.5 million was allocated to our CSCA segment, due primarily to actions taken to streamline the organization.There were no other material restructuring programs in any of the periods presented. All charges are recorded in Restructuring expense on the Consolidated Financial Statements. The remaining $32.8 million liability for employee severance benefits is expected to be paid mostly within the next year.

NOTE 18 - INCOME TAXES

Pre-tax income (loss) and the (benefit) provision for income taxes from continuing operations are summarized as follows (in millions): Year Ended December 31, 2024December 31, 2023December 31, 2022Pre-tax income (loss):Ireland$(224.1)$72.3 $(212.8)United States145.0 (23.8)(38.2)Other foreign(1.5)(56.9)111.9 Total pre-tax income (loss)(80.6)(8.4)(139.1)Current provision (benefit) for income taxes:Ireland2.3 2.0 2.8 United States30.4 18.2 (7.8)Other foreign57.0 56.6 30.8 Subtotal89.7 76.8 25.8 Deferred provision (benefit) for income taxes:Ireland— 0.2 0.7 United States27.6 (12.9)(8.6)Other foreign(37.3)(68.0)(26.1)Subtotal(9.7)(80.7)(34.0)Total provision for income taxes$80.0 $(3.9)$(8.2)

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Perrigo Company plc - Item 8Note 18

A reconciliation of the provision based on the Irish statutory income tax rate to our effective income tax rate is as follows: Year Ended December 31, 2024December 31, 2023December 31, 2022Provision at statutory rate12.5 %12.5 %12.5 %Foreign rate differential(17.4)286.