Company: BLCO
Filing Date: 2025-02-19
Form Type: 10-K
Source: 0001860742-25-000004
Chunk: 113

Company: Bausch & Lomb Corp
Filing Date: 2025-02-19
Form: 10-K
Item: Item 7A
Chunk 113
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, 2024, the fair value measurements of acquisition-related contingent consideration were determined using risk-adjusted discount rates ranging from 8% to 28%, and a weighted average risk-adjusted discount rate of 9%. The weighted average risk-adjusted discount rate was calculated by weighting each contract’s relative fair value at December 31, 2024.The following table presents a reconciliation of contingent consideration obligations measured on a recurring basis using significant unobservable inputs (Level 3) for the years 2024 and 2023:(in millions)20242023Balance, beginning of period$44 $4 Adjustments to Acquisition-related contingent consideration:Accretion for the time value of money$4 $3 Fair value adjustments due to changes in estimates of future payments(13)(1)Acquisition-related contingent consideration adjustments(9)2 Additions (Note 4)89 38 Payments/Settlements(1)— Balance, end of period123 44 Current portion included in Accrued and other current liabilities15 5 Non-current portion$108 $39 Fair Value of Long-term DebtThe fair value of long-term debt as of December 31, 2024 and 2023 were $4,898 million and $4,668 million, respectively, and was estimated using the quoted market prices for the same or similar debt issuances (Level 2).6.INVENTORIESInventories, net consist of:(in millions)December 31, 2024December 31, 2023Raw materials$262 $261 Work in process99 100 Finished goods675 667 $1,036 $1,028 Inventory write-offs were $23 million, $18 million and $21 million for 2024, 2023 and 2022, respectively.

F-32

7.PROPERTY, PLANT AND EQUIPMENTThe major components of property, plant and equipment consist of:(in millions)December 31, 2024December 31, 2023Land$43 $45 Buildings632 624 Machinery and equipment1,674 1,657 Other equipment and leasehold improvements362 347 Construction in progress458 347 3,169 3,020 Less accumulated depreciation(1,684)(1,630)$1,485 $1,390 Depreciation expense was $148 million, $142 million and $135