Indebtedness (Tables)

12 Months Ended

Dec. 31, 2023

Total borrowings are summarized as follows (in millions):


			Year Ended
			December 31, 2023		December 31, 2022





Term loan

	Term A Loans due April 1, 2027 (1)		$	471.9	$	493.8
	Term B Loans due April 1, 2029 (1)		1,386.2		1,094.5
Total term loans			$	1,858.1	$	1,588.3

Notes and bonds
	Coupon	Due
	3.900%	December 15, 2024(2)	400.0		700.0
	4.375%	March 15, 2026(3)	700.0		700.0
	4.650%	June 15, 2030(4)	750.0		750.0
	5.300%	November 15, 2043(5)	90.5		90.5
	4.900%	December 15, 2044(2)	303.9		303.9
	Total notes and bonds		2,244.4		2,544.4
Other financing			14.8		20.6
Unamortized premium (discount), net			(17.8)		(15.9)
Deferred financing fees			(26.1)		(30.8)
Total borrowings outstanding			4,073.4		4,106.6
	Current indebtedness		(440.6)		(36.2)
Total long-term debt less current portion			$	3,632.8	$	4,070.4

(1) Discussed below collectively as the "Senior Secured Credit Facilities"

(2) Discussed below collectively as the "2014 Notes"

(3) Discussed below as part of the "2016 Notes"

(4) Discussed below as part of the "2020 Notes". The coupon rate noted above increased from 4.400% to 4.650% on payments starting after June 15, 2023, following a credit rating downgrade by Moody's in the first quarter of 2023. Future interest rate adjustments are subject to a 2.0% total cap above the original 3.150% interest rate based on certain rating events as specified in the Note’s Supplemental Indenture No. 3, dated as of June 19, 2020, among Perrigo Finance Unlimited Company, Perrigo Company plc, the guarantors party thereto and Wells Fargo Bank, National Association, as trustee.

(5) Discussed below collectively as the "2013 Notes"

Schedule of Maturities of Short-term and Long-term Debt

The annual future maturities of our short-term and long-term debt, including capitalized leases and excluding deferred financing fees, are as follows (in millions):


Payment Due	Amount
2024	$	440.9
2025	41.6
2026	741.6
2027	413.5
2028	16.6
Thereafter	2,463.0