PERRIGO Co plc
For the period ended Jun 27, 2026. Filed Aug 5, 2026.
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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.
Jun 27, 2026 · Filed Aug 5, 2026
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Leases
Note 7
NOTE 7 -LEASES
The balance sheet locations of our lease assets and liabilities were as follows (in millions):
| Assets | Balance Sheet Location | June 27, 2026 | December 31, 2025 |
|---|---|---|---|
| Operating | Operating lease assets | $156.0 | $167.8 |
| Finance | Other non-current assets | 10.1 | 11.5 |
| Total | $166.2 | $179.3 |
| Liabilities | Balance Sheet Location | June 27, 2026 | December 31, 2025 |
|---|---|---|---|
| Current | |||
| Operating | Other accrued liabilities | $25.4 | $25.7 |
| Finance | Current indebtedness | 1.5 | 1.8 |
| Non-Current | |||
| Operating | Other non-current liabilities | 138.5 | 151.5 |
| Finance | Long-term debt, less current portion | 10.5 | 11.5 |
| Total | $176.0 | $190.5 | |
Expenses related to leases were as follows (in millions):
| Three Months Ended | Six Months Ended | |||
|---|---|---|---|---|
| June 27, 2026 | June 28, 2025 | June 27, 2026 | June 28, 2025 | |
| Operating leases(1) | $13.0 | $12.2 | $23.2 | $23.9 |
| Finance leases | ||||
| Amortization | $0.5 | $0.6 | $1.0 | $1.2 |
| Interest | 0.1 | 0.1 | 0.2 | 0.2 |
| Total finance leases | $0.6 | $0.7 | $1.2 | $1.4 |
(1) Includes short-term leases and variable lease costs, which are immaterial.
The annual future maturities of our leases as of June 27, 2026 are as follows (in millions):
| Operating Leases · Finance Leases · Total | |||
|---|---|---|---|
| 2026 | $15.9 | $1.0 | $16.9 |
| 2027 | 30.6 | 1.8 | 32.4 |
| 2028 | 24.9 | 1.8 | 26.7 |
| 2029 | 21.0 | 1.7 | 22.7 |
| 2030 | 15.8 | 1.6 | 17.4 |
| After 2030 | 83.4 | 5.8 | 89.2 |
| Total lease payments | $191.6 | $13.8 | $205.4 |
| Less: Interest | 27.7 | 1.7 | 29.4 |
| Present value of lease liabilities | $163.9 | $12.1 | $176.0 |
Note 7
Our weighted average lease terms and discount rates are as follows:
| June 27, 2026 | June 28, 2025 | |
|---|---|---|
| Weighted-average remaining lease term (in years) | ||
| Operating leases | 8.81 | 9.01 |
| Finance leases | 7.59 | 8.52 |
| Weighted-average discount rate | ||
| Operating leases | 4.0% | 4.0% |
| Finance leases | 3.5% | 3.5% |
Our lease cash flow classifications are as follows (in millions):
| Six Months Ended | ||
|---|---|---|
| June 27, 2026 | June 28, 2025 | |
| Cash paid for amounts included in the measurement of lease liabilities | ||
| Operating cash flows for operating leases | $17.0 | $18.6 |
| Operating cash flows for finance leases | $0.2 | $0.2 |
| Financing cash flows for finance leases | $0.9 | $1.2 |
| Leased assets used in exchange for new finance lease liabilities | $(0.3) | $— |
| Leased assets obtained in exchange for new operating lease liabilities | $4.2 | $1.3 |
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