Company: BLCO
Filing Date: 2025-02-19
Form Type: 10-K
Source: 0001860742-25-000004
Chunk: 114

Company: Bausch & Lomb Corp
Filing Date: 2025-02-19
Form: 10-K
Item: Item 7A
Chunk 114
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 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 (3,609)1,886 Acquired in-process research and development intangible assetN/A100 — 100 5 — 5 B&L TrademarkN/A1,698 — 1,698 1,698 — 1,698 $7,345 $(3,851)$3,494 $7,198 $(3,609)$3,589 Long-lived assets with finite lives are tested for impairment whenever events or changes in circumstances indicate that the carrying value of an asset may not be recoverable. Impairment charges associated with these assets are included in Other expense, net in the Consolidated Statements of Operations. Bausch + Lomb continues to monitor the recoverability of its finite-lived intangible assets and tests the intangible assets for impairment if indicators of impairment are present.Asset impairments for 2024, 2023 and 2022 were $5 million, less than $1 million and $1 million, respectively, related to the discontinuance of certain product lines. Estimated amortization expense of finite-lived intangible assets for the five years ending December 31 and thereafter are as follows:(in millions)20252026202720282029ThereafterTotalAmortization$249 $219 $217 $216 $214 $581 $1,696 

F-33

Goodwill