Herbalife Ltd. Annual report pursuant to Section 13 and 15(d)

Annual report pursuant to Section 13 and 15(d)

Cover
- Cover Page
Financial Statements
Notes to Financial Statements
Accounting Policies
- Basis of Presentation (Policies)
Notes Tables
Notes Details

Basis of Presentation (Tables)

v3.24.0.1

Basis of Presentation (Tables)

12 Months Ended

Dec. 31, 2023

Accounting Policies [Abstract]

Net Property, Plant and Equipment

As of December 31, 2023 and 2022, the Company’s net property, plant, and equipment consisted of the following:


	December 31,
	2023			2022
	(in millions)
Property, plant, and equipment, at cost:
Land and buildings	$	51.2		$	51.2
Furniture and fixtures		26.3			26.8
Equipment		1,172.2			1,181.5
Building and leasehold improvements		268.5			260.8
Total property, plant, and equipment, at cost		1,518.2			1,520.3
Less: accumulated depreciation and amortization		(1,011.7	)		(1,034.0	)
Property, plant, and equipment, at cost, net of accumulated depreciation and amortization	$	506.5		$	486.3

Summary of Reconciliation of Cash, Cash Equivalents and Restricted Cash for Balance Sheets and Cash Flows

The following table provides a reconciliation of cash, cash equivalents, and restricted cash reported within the Company’s consolidated balance sheets that sum to the total of the same such amounts shown in the Company’s consolidated statements of cash flows:


	December 31,
	2023		2022
	(in millions)
Cash and cash equivalents	$	575.2	$	508.0
Restricted cash included in Prepaid expenses and other current assets		15.3		2.5
Restricted cash included in Other assets		5.0		5.8
Total cash, cash equivalents, and restricted cash shown in the statement of cash flows	$	595.5	$	516.3

Computation of Basic and Diluted Earnings Per Share

The following are the common share amounts used to compute the basic and diluted earnings per share for each period:


	Year Ended December 31,
	2023		2022		2021
	(in millions)
Weighted-average shares used in basic computations		99.0		98.5		105.9
Dilutive effect of exercise of equity grants outstanding		1.0		1.0		2.4
Dilutive effect of 2028 Convertible Notes		0.2		—		—
Weighted-average shares used in diluted computations		100.2		99.5		108.3

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