Company: ICUI
Filing Date: 2025-02-27
Form Type: 10-K
Source: 0000883984-25-000007
Chunk: 245

Company: ICU MEDICAL INC/DE
Filing Date: 2025-02-27
Form: 10-K
Item: Item 1
Chunk 245
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 line item "Assets Held For Sale" in our consolidated balance sheet (See Note 4:Assets Held For Sale).

NOTE 12. ACCRUED LIABILITIES AND OTHER LONG-TERM LIABILITIES

Accrued liabilities consist of the following (in thousands):As of December 31, 20242023Salaries and benefits$60,815 $52,250 Incentive compensation59,445 37,992 Operating lease liability-ST15,695 20,161 Accrued professional fees3,167 2,803 Field service corrective action(1)32,844 30,281 Italy medical device payback provision(2)23,937 23,176 Legal accrual3,425 1,874 Accrued sales taxes4,449 6,748 Warranties and returns4,094 3,682 Deferred revenue30,358 31,640 Accrued other taxes4,564 3,024 Distribution fees16,548 13,049 Accrued freight13,206 17,215 Restructuring accrual9,945 3,568 Foreign exchange contracts7,391 2,590 Accrued audit fees4,395 5,492 Defined benefit plan3,111 2,575 Accrued interest667 1,431 Other8,867 8,664  $306,923 $268,215 _____________________________

101

ICU MEDICAL, INC. AND SUBSIDIARIESNOTES TO CONSOLIDATED FINANCIAL STATEMENTS

(1)  Primarily includes field corrective actions associated with certain products in connection with a 2021 Warning Letter (as defined below) received by Smiths Medical from the FDA following an inspection of Smiths Medical's Oakdale, Minnesota Facility (see Note 16: Commitments and Contingencies for further details).(2) Related to potential payments associated with the IMDP (as defined below) as a result of 2015 legislation enacted requiring medical device companies to make payments to the Italian government based on regional expenditure ceilings (see Note 16: Commitments and Contingencies for further details).As of December 31, 2024, certain accrued liability account balances that are part of a disposal group that met the criteria for assets held for sale during the fourth quarter of 2024 were presented as a separate line item "Liabilities held for sale