Company: PRMB
Filing Date: 2025-02-07
Form Type: S-1/A
Source: 0001193125-25-022806
Chunk: 393

Company: Primo Brands Corp
Filing Date: 2025-02-07
Form: S-1/A
Chunk 393
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 reclassed from AOCI to expense (amortized) |                               | $ |               (2.1 | ) |     | $ |               (6.6 | ) |

The amount of gains or (losses), net of tax, recognized in our Condensed Consolidated Statements of Comprehensive Income (Loss) for fair value hedging relationships for the three and nine months ended September 28, 2024 is shown in the table below:

| (in millions of U.S. dollars)          |     | For the Three Months 
 Ended September 28,  
 2024                 |      |   |     | For the Nine Months 
 Ended September 28, 
 2024                |      |   |
|:---------------------------------------|:----|:---------------------|:-----|:--|:----|:--------------------|:-----|:--|
| Foreign exchange contracts             |     |                      |      |   |     |                     |      |   |
| Amount excluded from the assessment of 
 effectiveness1                         |     | $                    | (4.2 | ) |     | $                   | (6.7 | ) |

| 1 | Amount is net of tax impact of $1.4 million and $2.3 million for the three and nine months ended 
 September 28, 2024, respectively.                                                                |

There were no settlements of our derivative instruments during the three and nine months ended September 28, 2024. Note 14—Fair Value Measurements FASB Accounting Standards Codification Topic 820, Fair Value Measurements and Disclosuresdefines fair value as the exchange price that would be received for an asset or paid to transfer a liability (an exit price) in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants at the measurement date. Additionally, the inputs used to measure fair value are prioritized based on a three-level hierarchy. This hierarchy requires entities to maximize the use of observable inputs and minimize the use of unobservable inputs. F-137

The three levels of inputs used to measure fair value are as follows:

| • |     | Level 1—Quoted prices in active markets for identical assets or liabilities. |

| • |     | Level 2—Observable inputs other than quoted prices included in Level 1, such as quoted prices for                                                                                                                                     
 similar assets and liabilities in active markets; quoted prices for identical or similar assets and liabilities in markets that are not active; or other inputs that are observable or can