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

Annual report pursuant to Section 13 and 15(d)

Restructuring Activities (Tables)

Restructuring Activities (Tables)

12 Months Ended

Dec. 31, 2024

Restructuring and Related Activities [Abstract]

Schedule of Costs Related to the Transformation Program

Costs related to the Transformation Program for the years ended December 31, 2024, 2023, and 2022 were as follows:


	Year Ended December 31,		Year Ended December 31,		Year Ended December 31,		Cumulative costs incurred to date as of December 31, 2024
	2024		2023		2022
	(in millions)
Professional fees	$	1.6	$	8.0	$	7.2	$	26.5
Retention and separation		10.9		45.7		4.8		64.4
Other		0.8		0.5		0.1		1.6
Total	$	13.3	$	54.2	$	12.1	$	92.5

Schedule of Changes in the Liabilities Related to the Transformation Program

Changes in the liabilities related to the Transformation Program during the years ended December 31, 2024 and 2023, which were recognized in other current liabilities within the Company’s consolidated balance sheets, were as follows:


	Professional Fees			Retention and Separation			Other			Total
	(in millions)
Balance as of December 31, 2022	$	0.6		$	3.2		$	—		$	3.8
Expenses		8.0			45.7			0.5			54.2
Cash payments		(7.6	)		(40.2	)		(0.5	)		(48.3	)
Non-cash items and other		—			(0.5	)		—			(0.5	)
Balance as of December 31, 2023	$	1.0		$	8.2		$	—		$	9.2
Expenses		1.6			10.9			0.8			13.3
Cash payments		(2.6	)		(14.4	)		—			(17.0	)
Non-cash items and other		—			—			(0.8	)		(0.8	)
Balance as of December 31, 2024	$	—		$	4.7		$	—		$	4.7

Schedule of Costs Related to the Restructuring Program

Costs related to the Restructuring Program were as follows:


	Year Ended December 31,
	2024
	(in millions)
Professional fees	$	4.6
Retention and separation		64.5
Other		—
Total	$	69.1

Schedule of Changes in the Liabilities Related to the Restructuring Program

Changes in the liabilities related to the Restructuring Program, which were recognized in other current liabilities within the Company’s consolidated balance sheets, were as follows:


	Professional Fees			Retention and Separation			Other		Total
	(in millions)
Expenses	$	4.6		$	64.5		$	—	$	69.1
Cash payments		(4.1	)		(61.3	)		—		(65.4	)
Non-cash items and other		—			—			—		—
Balance as of December 31, 2024	$	0.5		$	3.2		$	—	$	3.7