Company: PRGO
Filing Date: 2025-08-06
Form Type: 10-Q
Source: 0001585364-25-000122
Chunk: 60

Company: PERRIGO Co plc
Filing Date: 2025-08-06
Form: 10-Q
Item: Item 8
Chunk 60
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 had an Rx segment which was comprised of our generic prescription pharmaceuticals business in the U.S., and other pharmaceuticals and diagnostic business in Israel, which have been divested. Following the divestiture, there were no substantial assets or operations left in this segment. The Rx segment was reported as Discontinued Operations in 2021, and is presented as such for all periods in this report (refer to Note 4).Our segments reflect the way in which our chief operating decision maker ("CODM"), who is our Chief Executive Officer ("CEO"), makes operating decisions, allocates resources and manages the growth and profitability of the Company. Financial information related to our business segments and geographic locations can be found in Note 2 and Note 17.Foreign Currency Translation and Transactions We translate our non-U.S. dollar-denominated operations’ assets and liabilities into U.S. dollars at current rates of exchange as of the balance sheet date and income and expense items at the average exchange rate for the reporting period. Translation adjustments resulting from exchange rate fluctuations are recorded in the cumulative translation account, a component of Accumulated other comprehensive income (loss) ("AOCI"). Gains or losses from foreign currency transactions are included in Other (income) expense, net.

9

Perrigo Company plc - Item 1Note 1

Allowance for Credit LossesExpected credit losses on trade receivables and contract assets are measured collectively by geographic location. Historical credit loss experience provides the primary basis for estimation of expected credit losses and is adjusted for current conditions and for reasonable and supportable forecasts. Receivables that do not share risk characteristics are evaluated on an individual basis and are not included in the collective evaluation. The following table presents the allowance for credit losses activity (in millions):Three Months EndedSix Months EndedJune 28, 2025June 29, 2024June 28, 2025June 29, 2024Balance at beginning of period$5.4 $8.1 $6.0 $7.8 Provision for credit losses, net2.3 0.5 2.1 0.9 Receivables written-off(1.7)(1.0)(2.3)(1.0)Recoveries collected0.1 — 0.1 — Currency translation adjustment0.4 — 0.6 (0.1)Balance at end of period$6.5 $7.6 $6.5