Company: PRGO
Filing Date: 2025-02-28
Form Type: 10-K
Source: 0001585364-25-000014
Chunk: 244

Company: PERRIGO Co plc
Filing Date: 2025-02-28
Form: 10-K
Item: Item 8
Chunk 244
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$0.1 20262.7 0.1 20273.6 0.1 20284.1 0.1 20294.2 0.2 Thereafter30.5 0.5 The expected benefits to be paid are based on the same assumptions used to measure our benefit obligation at December 31, 2024, including the expected future employee service. We expect to contribute $2.9 million to the defined benefit plans within the next year.Net periodic pension cost consisted of the following (in millions): Pension BenefitsOther BenefitsYear EndedYear EndedDecember 31, 2024December 31, 2023December 31, 2022December 31, 2024December 31, 2023December 31, 2022Service cost$3.0 $2.9 $3.3 $— $— $— Interest cost5.2 5.2 2.7 0.1 0.1 0.1 Expected return on assets(6.2)(5.8)(4.9)— — — Settlement— (0.1)0.1 — — — Curtailment(1.1)(0.3)— — — — Net actuarial (gain)/loss(0.4)(0.5)0.1 (0.4)(1.2)(0.6)Net periodic pension (gain)/loss$0.5 $1.4 $1.3 $(0.3)$(1.1)$(0.5)The components of the net periodic pension cost, other than the service cost component, are included in the line item Other (income) expense, net in the Consolidated Statements of Operations.

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Perrigo Company plc - Item 8Note 13

The weighted-average assumptions used to determine net periodic pension cost and benefit obligation were: Pension BenefitsOther BenefitsYear EndedYear EndedDecember 31, 2024December 31, 2023December 31, 2022December 31, 2024December 31, 2023December 31, 2022Discount rate3.57 %3.61 %3.92 %5.42 %4.92 %5.19 %Inflation2.10 %2.27 %