Company: PRGO
Filing Date: 2025-05-07
Form Type: 10-Q
Source: 0001585364-25-000056
Chunk: 158

Company: PERRIGO Co plc
Filing Date: 2025-05-07
Form: 10-Q
Item: Item 7
Chunk 158
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1.3 $2.1 Cross-currency swapsOther non-current assets— 14.2 Interest rate swap agreements Interest rate swap agreements 5.3 9.3 Total designated derivative assets$6.6 $25.6 Non-designated derivative assets:Foreign currency forward contracts Prepaid expenses and other current assets$0.8 $3.4 Total non-designated derivatives$0.8 $3.4 Designated derivative liabilities:Foreign currency forward contractsOther accrued liabilities $3.0 $4.1 Cross-currency swapsOther accrued liabilities 51.1 — Cross-currency swapsOther non-current liabilities47.4 46.8 Interest rate swap agreementsOther non-current liabilities17.5 9.0 Total designated derivative liabilities$119.0 $59.9 Non-designated derivative liabilities:Foreign currency forward contractsOther accrued liabilities$2.6 $1.5 Interest rate swap agreementsOther non-current liabilities12.9 13.6 Total non-designated derivative liabilities$15.5 $15.1 The amounts of (income)/expense recognized in earnings related to our non-designated derivatives on the Condensed Consolidated Statements of Operations were as follows (in millions): Three Months EndedNon-Designated DerivativesIncome Statement LocationMarch 29, 2025March 30, 2024Foreign currency forward contractsOther (income) expense, net$(4.8)$(2.1)Interest rate swap agreementsInterest expense, net$0.2 $— 

18

Perrigo Company plc - Item 1Note 10

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 TestingAmount of Gain or (Loss) Recognized in OCI(1)Location of Gain or (Loss)Amount Reclassified(2)Location of Gain or (Loss)Amount Reclassified(2)Three Months Ended March 29, 2025Cash flow hedgesInterest rate swap agreements$(11.1)Interest expense, net$4.7 Interest expense, net$— Foreign currency forward contracts0.5 Net sales— Net sales(0.1)Cost of sales0.4 Cost of sales0.