Company: BLCO
Filing Date: 2025-02-19
Form Type: 10-K
Source: 0001860742-25-000004
Chunk: 373

Company: Bausch & Lomb Corp
Filing Date: 2025-02-19
Form: 10-K
Item: Item 1A
Chunk 373
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 $39 Fair Value of Long-term DebtThe fair value of long-term debt as of December 31, 2024 and 2023 were $4,898 million and $4,668 million, respectively, and was estimated using the quoted market prices for the same or similar debt issuances (Level 2).6.INVENTORIESInventories, net consist of:(in millions)December 31, 2024December 31, 2023Raw materials$262 $261 Work in process99 100 Finished goods675 667 $1,036 $1,028 Inventory write-offs were $23 million, $18 million and $21 million for 2024, 2023 and 2022, respectively.

F-32

7.PROPERTY, PLANT AND EQUIPMENTThe major components of property, plant and equipment consist of:(in millions)December 31, 2024December 31, 2023Land$43 $45 Buildings632 624 Machinery and equipment1,674 1,657 Other equipment and leasehold improvements362 347 Construction in progress458 347 3,169 3,020 Less accumulated depreciation(1,684)(1,630)$1,485 $1,390 Depreciation expense was $148 million, $142 million and $135 million for 2024, 2023 and 2022, respectively.8.INTANGIBLE ASSETS AND GOODWILLIntangible AssetsThe major components of intangible assets consist of: Weighted-Average Remaining Useful Lives (Years)December 31, 2024December 31, 2023(in millions)GrossCarryingAmountAccumulatedAmortization and ImpairmentsNetCarryingAmountGrossCarryingAmountAccumulatedAmortization and ImpairmentsNetCarryingAmountFinite-lived intangible assets:      Product brands8$4,373 $(2,799)$1,574 $4,342 $(2,581)$1,761 Corporate brands10102 (18)84 85 (11)74 Product rights/patents4993 (970)23 993 (954)39 Other779 (64)15 75 (63)12 Total finite-lived intangible assets5,547 (3,851)1,696 5,495