Herbalife Ltd. Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

Subsequent Events

Subsequent Events	6 Months Ended
Jun. 30, 2024
Subsequent Events [Abstract]
Subsequent Events	15. Subsequent Events Sale and Leaseback of Office Building During July 2024, the Company completed a sale and a sixteen-month leaseback transaction with an independent third-party for the land, building, and related building improvements of its office building in Torrance, California. The aggregate sales price, net of closing costs relating to the sale transaction was approximately $38 million. The Company expects that these transactions will meet the requirements for sale-leaseback accounting, and as a result, the Company expects that during the third quarter of 2024, a gain of approximately $4 million will be recorded in selling, general, and administrative expense within the Company’s condensed consolidated statement of income, and the land, building, and building improvements of approximately $34 million will be removed from the Company’s total assets within its condensed consolidated balance sheet related to the sale transaction. The Company also expects that the right-of-use asset and lease liabilities relating to the sixteen-month leaseback transaction of approximately $4 million will be recorded within the Company’s condensed consolidated balance sheet in the third quarter of 2024. As of June 30, 2024, the land, building, and related building improvements of approximately $34 million, as described above, were classified as held for sale assets and recognized in prepaid expenses and other current assets within the Company's condensed consolidated balance sheet.

Subsequent Events

6 Months Ended

Jun. 30, 2024

Subsequent Events [Abstract]

Subsequent Events

15. Subsequent Events

Sale and Leaseback of Office Building

During July 2024, the Company completed a sale and a sixteen-month leaseback transaction with an independent third-party for the land, building, and related building improvements of its office building in Torrance, California. The aggregate sales price, net of closing costs relating to the sale transaction was approximately $38 million. The Company expects that these transactions will meet the requirements for sale-leaseback accounting, and as a result, the Company expects that during the third quarter of 2024, a gain of approximately $4 million will be recorded in selling, general, and administrative expense within the Company’s condensed consolidated statement of income, and the land, building, and building improvements of approximately $34 million will be removed from the Company’s total assets within its condensed consolidated balance sheet related to the sale transaction. The Company also expects that the right-of-use asset and lease liabilities relating to the sixteen-month leaseback transaction of approximately $4 million will be recorded within the Company’s condensed consolidated balance sheet in the third quarter of 2024. As of June 30, 2024, the land, building, and related building improvements of approximately $34 million, as described above, were classified as held for sale assets and recognized in prepaid expenses and other current assets within the Company's condensed consolidated balance sheet.