Company: PRMB
Filing Date: 2025-08-07
Form Type: 10-Q
Source: 0002042694-25-000015
Chunk: 153

Company: Primo Brands Corp
Filing Date: 2025-08-07
Form: 10-Q
Item: Part I, Item 8
Chunk 153
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-finished goods$139.8$117.8Finished goods108.590.6Total inventories$248.3$208.4

NOTE 6—INTANGIBLE ASSETS, NET

The following table presents Intangible assets, net, in the Consolidated Balance Sheets by major class as of the periods presented:June 30, 2025December 31, 2024($ in millions)Gross Carrying ValueAccumulated AmortizationNet Book ValueGross Carrying ValueAccumulated AmortizationNet Book ValueDefinite-lived intangible assetsCustomer relationships$1,288.5 $(123.8)$1,164.7 $1,281.8 $(79.5)$1,202.3 Water rights621.4 (83.3)538.1 621.0 (70.9)550.1 Software228.4 (117.7)110.7 205.3 (98.7)106.6 Trademarks and trade names91.2 (27.0)64.2 18.7 (2.7)16.0 Other51.3 (10.5)40.8 45.5 (8.6)36.9 Total definite-lived intangible assets$2,280.8 $(362.3)$1,918.5 $2,172.3 $(260.4)$1,911.9 Indefinite-lived intangible assetsTrademarks and trade names$1,205.7 $— $1,205.7 $1,279.8 $— $1,279.8 Total intangible assets, net$3,486.5 $(362.3)$3,124.2 $3,452.1 $(260.4)$3,191.7 For the three and six months ended June 30, 2025, amortization expense of definite-lived intangible assets was $58.3 million and $101.9 million, respectively. For the three and six months ended June 30, 2024, amortization expense of definite-lived intangible assets was $16.4 million and $35.4 million, respectively. In the second quarter of the 2025 fiscal year, as a result of integration efforts, the Company reassessed the future expected use of $76.1 million of