Company: BLCO
Filing Date: 2025-02-19
Form Type: 10-K
Source: 0001860742-25-000004
Chunk: 127

Company: Bausch & Lomb Corp
Filing Date: 2025-02-19
Form: 10-K
Item: Item 7A
Chunk 127
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)Amortization of net loss1 1 — — — 1 — — — Settlement loss recognized— — 1 — 1 8 — — — Net periodic cost (benefit)$1 $3 $(3)$1 $3 $10 $(1)$(1)$(1)

F-40

Benefit Obligation, Change in Plan Assets and Funded Status The table below presents components of the change in projected benefit obligation, change in plan assets and funded status for 2024 and 2023: Pension Benefit Plans U.S. PostretirementBenefit PlanU.S. PlanNon-U.S. Plans(in millions)202420232024202320242023Change in Projected Benefit ObligationProjected benefit obligation, beginning of year$170 $172 $111 $102 $25 $27 Service cost1 2 2 2 — — Interest cost8 9 4 4 1 1 Settlements— — (2)(5)— — Benefits paid(15)(16)(5)(3)(2)(3)Actuarial (gain) losses(3)3 1 8 (1)— Currency translation adjustments— — (8)3 — — Projected benefit obligation, end of year161 170 103 111 23 25 Change in Plan AssetsFair value of plan assets, beginning of year162 162 98 92 — — Actual return on plan assets6 16 6 9 — — Company contributions2 — 3 2 2 3 Settlements— — (2)(5)— — Benefits paid(15)(16)(5)(3)(2)(3)Currency translation adjustments— — (6)3 — — Fair value of plan assets, end of year155 162 94 98 — — Funded Status at end of year$(6)$(8)$(9)$(13)$(23)$(25)Recognized as:Other non-current assets$— $— $22 $20 $— $— Accrued and other current liabilities$— $— $1 $2 $3 $3 Other non-current liabilities$6 $