Company: PRMB
Filing Date: 2025-02-27
Form Type: 10-K
Source: 0002042694-25-000003
Chunk: 148

Company: Primo Brands Corp
Filing Date: 2025-02-27
Form: 10-K
Item: Item 16
Chunk 148
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 rights and privileges and rank equally to, share ratably with, and be identical in all respects as to all matters.On November 8, 2024, the Company's Board of Directors declared a quarterly dividend of $0.09 per share on the outstanding shares of Class A common stock and Class B common stock of the Company. The dividend was payable to stockholders of record as of the close of business on November 22, 2024, and was paid on December 5, 2024.

F-30

Accumulated Other Comprehensive Income (Loss)Accumulated other comprehensive income (loss) ("AOCI") represents gains and losses affecting stockholders' equity that are not reflected in the Consolidated Statements of Operations. The balances reported reflect the impact of cumulative translation adjustments and net actuarial gain, net of taxes, as reported in Note 16 "Employee Benefit Plans". The Company uses the portfolio approach for releasing income tax effects from AOCI.The following table reflects the changes in AOCI, net of taxes by component for the periods presented:($ in millions)Gain (Loss) On Derivative Instruments1Cumulative Translation AdjustmentNet Unrealized Actuarial Gain (Loss) in Postretirement Benefit Plan2Total AOCIBalance as of December 31, 2022$—$(15.2)$3.5$(11.7)OCI before reclassifications—5.3(0.4)4.9Amounts reclassified from AOCI——(0.7)(0.7)Net current-period OCI—5.3(1.1)4.2Balance as of December 31, 2023$—$(9.9)$2.4$(7.5)OCI before reclassifications(0.7)(9.7)0.3(10.1)Amounts reclassified from AOCI1.0—(0.6)0.4Net current-period OCI0.3(9.7)(0.3)(9.7)Balance as of December 31, 2024$0.3$(19.6)$2.1$(17.2)1.During the year ended December 31, 2024, $1.4 million of losses were reclassified from AOCI related to the amounts excluded from the effectiveness testing recognized in earnings for the foreign exchange contracts. The effect of the loss was included in Other operating expense, net on the Consolidated Statements of Operations. The tax benefit