Company: PRMB
Filing Date: 2025-01-24
Form Type: S-1
Source: 0001193125-25-012325
Chunk: 310

Company: Primo Brands Corp
Filing Date: 2025-01-24
Form: S-1
Chunk 310
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     |                  | (139.5 | ) |     |                | (5.5 | ) |
| Total operating lease obligations |     | $                |  517.7 |   |     | $              | 33.1 |   |

F-57

NOTE 7—GOODWILL AND INTANGIBLE ASSETS, NET The changes in the carrying amount of goodwill were as follows (in millions):

|                                           |     | Retail |       |   |     | ReadyRefresh |       |     | Total |       |   |
|:------------------------------------------|:----|:-------|------:|:--|:----|:-------------|------:|:----|:------|------:|:--|
| Balance at December 31, 2023              |     | $      | 688.2 |   |     | $            | 129.2 |     | $     | 817.4 |   |
| Foreign exchange rate changes             |     |        |  (0.8 | ) |     |              |     — |     |       |  (0.8 | ) |
| Balance at September 30, 2024 (unaudited) |     | $      | 687.4 |   |     | $            | 129.2 |     | $     | 816.6 |   |

The following table presents intangible assets, net by major class (in millions, except years):

|                                        |     |          |   Weighted 
    Average 
       Life 
 (in years) |     |              | September 30, 2024 (Unaudited) |     |          |        |   |     |          |         |     |              | December 31, 2023 |     |          |        |   |     |   |         |
|:---------------------------------------|:----|:---------|-----------:|:----|:-------------|-------------------------------:|:----|:---------|:-------|:--|:----|:---------|--------:|:----|:-------------|------------------:|:----|:---------|:-------|:--|:----|:--|--------:|
|                                        |     | Gross    
 Carrying 
 Value    |            |     | Accumulated  
 Amortization |                                |     | Net Book 
 Value    |        |   |     | Gross    
 Carrying 
 Value    |         |     | Accum