Company: BLCO
Filing Date: 2025-10-29
Form Type: 10-Q
Source: 0001860742-25-000023
Chunk: 25

Company: Bausch & Lomb Corp
Filing Date: 2025-10-29
Form: 10-Q
Item: Item 8
Chunk 25
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 its reporting units which reflected current market conditions and current trends in business performance. The quantitative assessment utilized long-term growth rates of 3.0% and discount rates ranging from 10.00% to 11.50%, in estimation of the fair value of the reporting units. After completing the testing, the fair value of each of the Company’s reporting units exceeded its carrying value by more than 25%, and, therefore, there was no impairment to goodwill.September 30, 2025 Interim AssessmentNo events occurred or circumstances changed during the period from June 30, 2025 (the last time goodwill was tested for all reporting units) through September 30, 2025 that would indicate that the fair value of any reporting unit might be below its carrying value.If market conditions deteriorate, or if the Company is unable to execute its strategies, it may be necessary to record impairment charges in the future.There were no goodwill impairment charges through September 30, 2025.9.ACCRUED AND OTHER CURRENT LIABILITIESAccrued and other current liabilities consist of:(in millions)September 30,2025December 31,2024Product Rebates$535 $465 Employee Compensation and Benefit Costs235 230 Interest74 35 Product Returns74 88 Discounts and Allowances57 64 Other498 427 $1,473 $1,309 Under the terms of a December 2019 license agreement with Novaliq GmbH, the Company is required to make future sales-based payments for MIEBO®, and, in anticipation of achieving an annual sales-based milestone, the Company accrued the $35 million milestone payment as of September 30, 2025, which is included within Other, in the table above.10.FINANCING ARRANGEMENTSPrincipal amounts of debt obligations and principal amounts of debt obligations net of issuance costs consist of the following:

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September 30, 2025December 31, 2024(in millions)MaturityPrincipal AmountNet of Premiums, Discounts and Issuance CostsPrincipal AmountNet of Premiums, Discounts and Issuance CostsSenior Secured Credit FacilitiesMay 2027 Revolving Credit FacilityMay 2027$— $— $110 $110 May 2027 Term FacilityMay 2027— — 2,437 2,410 May 2027 Incremental Term FacilityMay 2027— — 400 396