Company: BLCO
Filing Date: 2025-02-19
Form Type: 10-K
Source: 0001860742-25-000004
Chunk: 370

Company: Bausch & Lomb Corp
Filing Date: 2025-02-19
Form: 10-K
Item: Item 1A
Chunk 370
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million, Property, plant and equipment of $2 million, Intangibles, net of $43 million, Goodwill of $5 million and Deferred tax liabilities, net of $11 million.

F-29

5.FAIR VALUE MEASUREMENTSFair value measurements are estimated based on valuation techniques and inputs categorized as follows:•Level 1 — Quoted prices in active markets for identical assets or liabilities;•Level 2 — Observable inputs other than Level 1 prices, such as quoted prices for similar assets or liabilities, or other inputs that are observable or can be corroborated by observable market data for substantially the full term of the assets or liabilities; and •Level 3 — Unobservable inputs that are supported by little or no market activity and that are financial instruments whose values are determined using discounted cash flow methodologies, pricing models, or similar techniques, as well as instruments for which the determination of fair value requires significant judgment or estimation.If the inputs used to measure the financial assets and liabilities fall within more than one level described above, the categorization is based on the lowest level input that is significant to the fair value measurement of the instrument.Assets and Liabilities Measured at Fair Value on a Recurring BasisThe following fair value hierarchy table presents the components and classification of the Company's financial assets and liabilities measured at fair value on a recurring basis as of December 31, 2024 and 2023:  December 31, 2024December 31, 2023 (in millions)CarryingValueLevel 1Level 2Level 3CarryingValueLevel 1Level 2Level 3Assets:        Cash equivalents$60 $50 $10 $— $44 $36 $8 $— Foreign currency exchange contracts$7 $— $7 $— $1 $— $1 $— Liabilities:Acquisition-related contingent consideration$123 $— $— $123 $44 $— $— $44 Foreign currency exchange contracts$3 $— $3 $— $4 $— $4 $— Cross-currency swaps$34 $— $34 $— $84 $— $84 $— Cash equivalents consist of highly liquid investments, primarily money market funds, with maturities of three months