Company: PRGO
Filing Date: 2025-02-28
Form Type: 10-K
Source: 0001585364-25-000014
Chunk: 242

Company: PERRIGO Co plc
Filing Date: 2025-02-28
Form: 10-K
Item: Item 8
Chunk 242
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 service requirements when they retire. Generally, benefits are provided to eligible retirees after age 65 and to their dependents. Increases in our contribution for benefits are limited to increases in the Consumer Price Index. Additional healthcare cost increases are paid through participant contributions. We accrue the expected costs of such benefits during a portion of the employees’ years of service. The plan is not funded. Under current plan provisions, the plan is not eligible for any U.S. federal subsidy related to the Medicare Modernization Act of 2003 Part D Subsidy.

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Perrigo Company plc - Item 8Note 13

The change in the projected benefit obligation and plan assets consisted of the following (in millions):Pension BenefitsOther BenefitsYear EndedYear EndedDecember 31, 2024December 31, 2023December 31, 2024December 31, 2023Projected benefit obligation at beginning of period$151.2 $127.5 $1.8 $2.0 Net acquisitions/(disposals)(0.5)— — — Service costs3.0 2.9 — — Interest cost5.2 5.2 0.1 0.1 Actuarial loss (gain)(2.7)14.4 (0.6)(0.2)Curtailment(1.2)(0.6)— — Contributions paid0.2 0.3 — — Benefits paid (3.3)(2.7)(0.1)(0.1)Settlements(2.2)(0.7)— — Foreign currency translation(9.3)4.9 — — Projected benefit obligation at end of period$140.4 $151.2 $1.2 $1.8 Fair value of plan assets at beginning of period150.4 134.6 — — Actual return on plan assets1.5 11.7 — — Benefits paid (3.3)(2.7)(0.1)(0.1)Settlements(2.2)(0.7)— — Employer contributions3.5 2.5 0.1 0.1 Contributions paid0.2 0.3 — — Foreign currency translation(9.4)4.7 — — Fair value of