Company: PRGO
Filing Date: 2025-02-28
Form Type: 10-K
Source: 0001585364-25-000014
Chunk: 131

Company: PERRIGO Co plc
Filing Date: 2025-02-28
Form: 10-K
Item: Item 8
Chunk 131
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2023December 31, 2022Foreign currency forward contractsOther (income) expense, net$(3.4)$(4.0)$8.2 Interest expense, net — (1.5)(2.0)$(3.4)(5.5)$6.2 Foreign currency optionsOther (income) expense, net$— $— $16.2 

90

Perrigo Company plc - Item 8Note 11

The following tables summarize the effect of derivative instruments designated as hedging instruments in AOCI (in millions):Gain or (Loss) Reclassified from AOCI into EarningsRelated to Amounts Included in Effectiveness TestingRelated to Amounts Excluded from Effectiveness Testing Amount of Gain or (Loss) Recognized in OCI(1)Location of Gain or (Loss)Amount Reclassified(2)Location of Gain or (Loss)Amount Reclassified(2)Year Ended December 31, 2024Cash flow hedgesInterest rate swap agreements44.1 Interest expense, net31.8 Interest expense, net— Foreign currency forward contracts(2.1)Net sales(0.4)Net sales0.1 Cost of sales0.1 Cost of sales— Other (income) expense, net(0.2)Total Cash flow hedges$42.0 $31.5 $(0.1)Net investment hedgesCross-currency swaps$116.9 Interest expense, net$28.9 Euro Notes Due 2032$24.6 Total Net investment hedges$141.5 Year Ended December 31, 2023Cash flow hedgesTreasury locks$— Interest expense, net$(0.1)Interest expense, net$— Interest rate swap agreements(31.7)Interest expense, net23.5 Interest expense, net— Foreign currency forward contracts(0.5)Net sales(0.1)Net sales0.6 Cost of sales0.3 Cost of sales0.3 Other (income) expense, net(0.3)Total Cash flow hedges$(32.2)$23.6 $0.6 Net investment hedgesCross-currency swaps$(75.9)Interest expense, net$26.0 Year Ended December 31, 2022Cash flow hedgesTreasury locks$— Interest expense, net$(0.