Company: PRMB
Filing Date: 2025-01-24
Form Type: S-1
Source: 0001193125-25-012325
Chunk: 308

Company: Primo Brands Corp
Filing Date: 2025-01-24
Form: S-1
Chunk 308
---
 280): Improvements to Reportable Segment Disclosures (“ASU 2023-07”).The new standard is effective for annual periods beginning after December 15, 2023, and interim periods within fiscal years beginning after December 15, 2024, with early adoption permitted. While ASU 2023-07requires additional disclosures, the Company does not anticipate a significant impact from the adoption of this new standard on its consolidated financial statements. In December 2023, the FASB issued ASU 2023-09,Income Taxes (Topic 740): Improvements to Income Tax Disclosures. The new standard is effective for fiscal years beginning after December 15, 2024, with early adoption permitted. The Company does not anticipate a significant impact from the adoption of this new standard on its condensed consolidated financial statements. NOTE 3—CASH, CASH EQUIVALENTS AND RESTRICTED CASH The following table presents the components of cash, cash equivalents and restricted cash (in millions):

|                                                  |     |   | September 30, 2024 
        (Unaudited) |     |   | December 31, 2023 |
|:-------------------------------------------------|:----|:--|-------------------:|:----|:--|------------------:|
| Cash and cash equivalents                        |     | $ |              174.8 |     | $ |              44.7 |
| Restricted cash                                  |     |   |                1.9 |     |   |               2.3 |
| Total cash, cash equivalents and restricted cash |     | $ |              176.7 |     | $ |              47.0 |

The restricted cash balance relates to bottle deposits that are required for specific U.S. state programs. NOTE 4—INVENTORIES Inventories consisted of the following (in millions):

|                                                     |     |   | September 30, 2024 
        (Unaudited) |     |   | December 31, 2023 |
|:----------------------------------------------------|:----|:--|-------------------:|:----|:--|------------------:|
| Raw and packaging materials and semi-finished goods |     | $ |              120.8 |     | $ |             122.8 |
| Finished goods                                      |     |   |               78.4 |     |   |              57.6 |
| Total inventories                                   |     | $ |