Company: BLCO
Filing Date: 2025-07-30
Form Type: 10-Q
Source: 0001860742-25-000018
Chunk: 35

Company: Bausch & Lomb Corp
Filing Date: 2025-07-30
Form: 10-Q
Item: Item 8
Chunk 35
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$7 $4 PSUs/RSUs26 20 51 37 Share-based compensation expense$30 $22 $58 $41 Research and development expenses$2 $1 $4 $2 Selling, general and administrative expenses28 21 54 39 Share-based compensation expense$30 $22 $58 $41 

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Share-based awards granted for the six months ended June 30, 2025 and 2024 consist of:Six Months Ended June 30,20252024Stock optionsGranted1,374,000 1,317,000 Weighted-average exercise price$15.86 $16.85 Weighted-average grant date fair value$4.66 $4.92 RSUsGranted3,668,000 3,322,000 Weighted-average grant date fair value$15.45 $16.74 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 June 30, 2025, the remaining unrecognized compensation expenses related to all outstanding non-vested stock options, time-based RSUs and PSUs amounted to $157 million, which will be amortized over a weighted-average period of 1.65 years.12.ACCUMULATED OTHER COMPREHENSIVE LOSSAccumulated other comprehensive loss consists of:(in millions)June 30,2025December 31,2024Foreign currency translation adjustment$(1,164)$(1,358)Pension adjustment, net of tax(27)(27)$(1,191)$(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.

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13.OTHER EXPENSE, NETOther expense, net for the three and six months ended June 30,