Company: BLCO
Filing Date: 2025-02-19
Form Type: 10-K
Source: 0001860742-25-000004
Chunk: 341

Company: Bausch & Lomb Corp
Filing Date: 2025-02-19
Form: 10-K
Item: Item 1A
Chunk 341
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 average length of time that it takes to collect on the Company’s trade receivables outstanding in these countries. As of December 31, 2024, the Company’s two largest U.S and Canada wholesaler customers accounted for approximately 17% of net trade receivables. As of December 31, 2024 and 2023, the Company's net trade receivable balance from Algeria, Argentina, Brazil, Belarus, Greece, Iran, Russia, Serbia, South Africa, Turkey, Ukraine and Venezuela amounted to $104 million and $109 million, respectively, the majority of which is current or less than 90 days past due. As of December 31, 2024 and 2023, the portion of the net trade receivable from these countries that is past due more than 90 days amounted to less than $1 million and $1 million, respectively.

F-13

Allowance for Credit LossesAn allowance is maintained for potential credit losses. The Company estimates the current expected credit loss on its receivables based on various factors, including historical credit loss experience, customer credit worthiness, value of collaterals (if any), and any relevant current and reasonably supportable future economic factors. Additionally, the Company generally estimates the expected credit loss on a pooled basis when customers are deemed to have similar risk characteristics. Trade receivable balances are written off against the allowance when it is deemed probable that the trade receivable will not be collected. Trade receivables, net are stated net of certain sales provisions and the allowance for credit losses.The activity in the allowance for credit losses for trade receivables for the years 2024, 2023 and 2022 is as follows:(in millions)202420232022Balance, beginning of period$21 $22 $16 Provision3 3 4 Write-offs(5)(3)(2)Foreign exchange and other(1)(1)4 Balance, end of period$18 $21 $22 InventoriesInventories comprise raw materials, work in process and finished goods, which are valued at the lower of cost or net realizable value, on a first-in, first-out basis. The cost value for work in process and finished goods inventories includes materials, direct labor and an allocation of overheads.The Company evaluates the carrying value of inventories on a regular basis, taking into account such factors as historical and anticipated future sales compared with quantities on hand, the