Company: BLCO
Filing Date: 2025-04-30
Form Type: 10-Q
Source: 0001860742-25-000008
Chunk: 29

Company: Bausch & Lomb Corp
Filing Date: 2025-04-30
Form: 10-Q
Item: Item 8
Chunk 29
---
 and administrative expenses26 18 Share-based compensation expense$28 $19 

18

Share-based awards granted for the three months ended March 31, 2025 and 2024 consist of:Three Months Ended March 31,20252024Stock optionsGranted1,374,000 1,317,000 Weighted-average exercise price$15.86 $16.85 Weighted-average grant date fair value$4.66 $4.92 RSUsGranted3,033,000 2,967,000 Weighted-average grant date fair value$15.95 $16.84 TSR PSUsGranted388,000 826,000 Weighted-average grant date fair value$15.86 $21.21 Organic Revenue Growth PSUsGranted753,000 379,000 Weighted-average grant date fair value$15.98 $16.08 OPG PSUsGranted— 1,758,000 Weighted-average grant date fair value$— $17.04 As of March 31, 2025, the remaining unrecognized compensation expenses related to all outstanding non-vested stock options, time-based RSUs and PSUs amounted to $181 million, which will be amortized over a weighted-average period of 1.86 years.12.ACCUMULATED OTHER COMPREHENSIVE LOSSAccumulated other comprehensive loss consists of:(in millions)March 31,2025December 31,2024Foreign currency translation adjustment$(1,277)$(1,358)Pension adjustment, net of tax(27)(27)$(1,304)$(1,385)Income taxes are not provided for foreign currency translation adjustments arising on the translation of Bausch + Lomb’s operations having a functional currency other than the U.S. dollar, except to the extent of translation adjustments related to Bausch + Lomb’s retained earnings for foreign jurisdictions in which Bausch + Lomb is not considered to be permanently reinvested.

19

13.OTHER EXPENSE, NETOther expense, net for the three months ended March 31, 2025 and 2024 consists of:Three Months Ended March 31,(in millions)20252024Restructuring, integration and separation costs$1 $11 Gain on sale of assets— (4)Litigation and other matters1 1 Acquired in-process research and development costs28 —