Company: PRGO
Filing Date: 2025-11-05
Form Type: 10-Q
Source: 0001585364-25-000156
Chunk: 37

Company: PERRIGO Co plc
Filing Date: 2025-11-05
Form: 10-Q
Item: Part II, Item 1
Chunk 37
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 exchange for new operating lease liabilities$15.4 $26.5 

15

Perrigo Company plc - Item 1Note 9

NOTE 9 - GOODWILL AND INTANGIBLE ASSETS 

GoodwillChanges in the carrying amount of goodwill, by reportable segment, were as follows (in millions):December 31, 2024Business divestitures(1)ImpairmentsTransfer to assets held for sale(2)Currency translation adjustmentsSeptember 27, 2025CSCA(3)$2,076.1 $— $— $— $9.5 $2,085.6 CSCI(4)1,244.1 (5.2)(1.2)(116.2)153.3 1,274.8 Total goodwill$3,320.2 $(5.2)$(1.2)$(116.2)$162.8 $3,360.4 (1) Represents goodwill allocated on a relative fair value basis to the Richard Bittner Business in connection with its divestiture (refer to Note 3).(2) Represents goodwill allocated on a relative fair value basis to the Dermacosmetics Business in connection with its classification as held for sale (refer to Note 4). (3) We had accumulated goodwill impairments of $6.1 million as of September 27, 2025 and December 31, 2024.(4) We had accumulated goodwill impairments of $997.1 million and $995.9 million as of September 27, 2025 and December 31, 2024, respectively. Richard Bittner Business GoodwillOn March 10, 2025, the Company signed a definitive agreement to sell the Richard Bittner Business to HBI Health & Beauty Innovations Limited. As a result, we determined an impairment indicator existed and prepared a quantitative goodwill impairment test. We determined the carrying value of this business exceeded the fair value and recorded an impairment charge of $1.2 million within our CSCI segment during the three months ended March 29, 2025. On April 11, 2025, we completed the sale of the Richard Bittner Business to HBI Health & Beauty Innovations Limited (refer to Note 3 and Note 10).Intangible AssetsIntangible assets and related accumulated amortization consisted of the following(1) (in millions): September 27,