SAVINGS AND INVESTMENT PLAN AND DEFERRED COMPENSATION PLANS

12 Months Ended

Dec. 31, 2022

Retirement Benefits [Abstract]

SAVINGS AND INVESTMENT PLAN AND DEFERRED COMPENSATION PLANS

NOTE 24. SAVINGS AND INVESTMENT PLAN AND DEFERRED COMPENSATION PLANS

Savings and Investment Plan

The Company maintains a defined contribution Savings and Investment Plan (the Endo 401(k) Plan) covering all U.S.-based eligible employees. The Company matches 100% of the first 3% of eligible cash compensation that a participant contributes to the Endo 401(k) Plan plus 50% of the next 2% for a total of up to 4%, subject to statutory limitations. The Company’s matching contributions generally vest ratably over a two-year period.

Costs incurred for contributions made by the Company to the Endo 401(k) Plan amounted to $6.5 million, $7.6 million and $7.6 million for the years ended December 31, 2022, 2021 and 2020, respectively.