Company: BLCO
Filing Date: 2025-02-19
Form Type: 10-K
Source: 0001860742-25-000004
Chunk: 560

Company: Bausch & Lomb Corp
Filing Date: 2025-02-19
Form: 10-K
Item: Item 2
Chunk 560
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3(in millions)Level 1Level 2TotalLevel 1Level 2TotalCash and cash equivalents$1 $— $1 $1 $— $1 Commingled funds: Equity securities:U.S. broad market— 24 24 — 34 34 Emerging markets— 5 5 — 6 6 Worldwide developed markets— 11 11 — 13 13 Other assets— 6 6 — 10 10 Fixed income securities:Investment grade— 108 108 — 98 98 $1 $154 $155 $1 $161 $162 

F-43

Pension Benefit Plans - Non-U.S. PlansDecember 31, 2024December 31, 2023(in millions)Level 1Level 2Level 3TotalLevel 1Level 2Level 3TotalCash equivalents$— $11 $— $11 $— $9 $— $9 Commingled funds: Equity securities:Emerging markets— 1 — 1 — 1 — 1 Developed markets— 23 — 23 — 23 — 23 Fixed income securities:Investment grade— 1 — 1 — 2 — 2 Government bond funds1 12 — 13 1 44 — 45 Other assets— 32 13 45 — 5 13 18 $1 $80 $13 $94 $1 $84 $13 $98 Cash equivalents consisted primarily of term deposits and money market instruments. The fair value of the term deposits approximates their carrying amounts due to their short-term maturities. The money market instruments also have short maturities and are valued using a market approach based on the quoted market prices of identical instruments.Commingled funds are not publicly traded. The underlying assets in these funds are publicly traded on the exchanges and have readily available price quotes. The Ireland pension plans held approximately 90% and 93% of the non-U.S. commingled funds in 2024 and 2023, respectively. The commingled funds held by the U.S. and Ireland pension plans are primarily invested in index funds.The underlying assets in the fixed income funds are generally valued