PERRIGO Co plc
For the period ended Sep 27, 2025. Filed Nov 5, 2025.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Sep 27, 2025 · Filed Nov 5, 2025
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Accumulated Other Comprehensive Income (Loss)
NOTE 14 -ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)
Changes in our AOCI balances, net of tax were as follows (in millions):
| Fair Value of Derivative Financial Instruments, net of tax | Foreign Currency Translation Adjustments, net of tax | Post-Employment Plan Adjustments, net of tax | Total AOCI | |
|---|---|---|---|---|
| Balance at December 31, 2024 | $36.9 | $(196.0) | $(3.3) | $(162.4) |
| OCI before reclassifications | (14.9) | 261.0 | (0.8) | 245.3 |
| Amounts reclassified from AOCI | (13.3) | — | — | (13.3) |
| Other comprehensive income (loss) | $(28.2) | $261.0 | $(0.8) | $232.0 |
| Balance at September 27, 2025 | $8.7 | $65.0 | $(4.1) | $69.6 |
For additional details about the effect of the amounts reclassified from AOCI refer to Note 11.
The tax effects on the net activity related to each component of other comprehensive income (loss), were as follows (in millions):
| Three Months Ended | Nine Months Ended | |||
|---|---|---|---|---|
| Tax (benefit) expense | September 27, 2025 | September 28, 2024 | September 27, 2025 | September 28, 2024 |
| Fair value of derivative financial instruments | $(0.9) | $(8.7) | $(7.1) | $(3.0) |
| Foreign currency translation adjustments | 0.5 | (19.0) | (71.8) | (9.3) |
| Post-employment plan adjustments | — | — | — | (0.1) |
| (Benefit) expense for income taxes related to other comprehensive income (loss) | $(0.4) | $(27.7) | $(78.9) | $(12.4) |
Except for the tax effects of foreign currency translation adjustments related to our foreign-denominated notes and cross-currency interest rate swaps designated as net investment hedges (refer to Note 11), income taxes were not provided for foreign currency translation. Generally, the assets and liabilities of foreign operations are translated into U.S. dollars using the current exchange rate. For those operations, changes in exchange rates generally do not affect cash flows; therefore, resulting translation adjustments are made in the Condensed Consolidated Statements of Shareholders' Equity rather than in the Condensed Consolidated Statements of Operations.
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