Company: BLCO
Filing Date: 2025-02-19
Form Type: 10-K
Source: 0001860742-25-000004
Chunk: 404

Company: Bausch & Lomb Corp
Filing Date: 2025-02-19
Form: 10-K
Item: Item 1A
Chunk 404
---
 $74 Additions based on tax positions related to the current year— — 8 Additions for tax positions of prior years2 3 1 Reductions for tax positions of prior years(4)(1)(11)Lapse of statute of limitations(2)(4)(2)Balance, end of year$64 $68 $70 The Company believes that it is reasonably possible that the total amount of unrecognized tax benefits at December 31, 2024 could decrease by $1 million in the next 12 months as a result of the resolution of certain tax audits and other events.17.EARNINGS PER SHAREOn April 28, 2022, Bausch + Lomb effected a share consolidation as a result of which it had 350,000,000 issued and outstanding common shares. These common shares are treated as issued and outstanding at January 1, 2022 for purposes of calculating Basic and diluted (loss) income per share attributable to Bausch + Lomb Corporation.(Loss) income per share attributable to Bausch + Lomb Corporation for 2024, 2023 and 2022 were calculated as follows:(in millions, except per share amounts)202420232022Net (loss) income attributable to Bausch + Lomb Corporation$(317)$(260)$6 Basic weighted-average common shares outstanding351.8 350.5 350.0 Diluted effect of stock options and RSUs— — 0.2 Diluted weighted-average common shares outstanding$351.8 $350.5 $350.2 (Loss) earnings per share attributable to Bausch + Lomb CorporationBasic$(0.90)$(0.74)$0.02 Diluted$(0.90)$(0.74)$0.02 There were no dilutive equity instruments or equity awards outstanding prior to the B+L IPO. In 2024 and 2023, all potential common shares issuable for RSUs, PSUs and stock options were excluded from the calculation of diluted loss per share, as the effect of including them would have been anti-dilutive. The dilutive effect of potential common shares issuable for RSUs, PSUs and stock options on the weighted-average number of common shares outstanding would have been approximately 2,163,000 and 1,539,000 common shares, respectively. In 2024 and 2023, RSUs, PSUs and stock options