Company: PRMB
Filing Date: 2025-02-27
Form Type: 10-K
Source: 0002042694-25-000003
Chunk: 138

Company: Primo Brands Corp
Filing Date: 2025-02-27
Form: 10-K
Item: Item 16
Chunk 138
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 was $83.3 million, $74.8 million, and $65.0 million, respectively. Based on the carrying value of definite-lived intangible assets as of December 31, 2024, estimated amortization expense for each of the five succeeding years and thereafter is as follows:($ in millions)Amount2025$166.7 2026138.52027135.72028134.52029124.5Thereafter1,184.9Total 1$1,884.8 ______________________1     This table excludes $27.1 million of software development costs that are in-progress as of December 31, 2024 and not yet amortizable.

F-24

NOTE 11—ACCRUALS AND OTHER CURRENT LIABILITIES

The following table summarizes Accruals and other current liabilities in the Consolidated Balance Sheets as of the periods presented:December 31,($ in millions)20242023Accrued compensation$173.0$111.4Accrued sales incentives39.845.5Property and casualty insurance reserves153.341.8Accrued deposits90.037.8Accrued taxes29.817.0Accrued interest20.713.7Accrued restructuring46.42.7Derivative liabilities41.43.6Other103.347.1Total accruals and other current liabilities$697.7$320.6

NOTE 12—DEBT

The following table summarizes Long-term debt in the Consolidated Balance Sheets as of the periods presented:December 31,($ in millions)20242023Term Loans$3,098.6 $2,730.6 6.250% Senior Notes713.0 713.0 3.875% Senior Notes 1459.8 — 4.375% Senior Notes 1710.0 — ABL Credit Facility— 90.0 Finance lease obligations (see Note 8 "Leases")100.2 10.0 Other 11.4 6.5 Unamortized debt costs and discounts(64.9)(67.5)Total debt$5,028.1 $3,482.6 Less: Current portion of long term debt64.5 31.9 Long-term debt, less current portion$4,963.6 $3,450.7 ______________________1     The outstanding