Company: BLCO
Filing Date: 2025-07-30
Form Type: 10-Q
Source: 0001860742-25-000018
Chunk: 9

Company: Bausch & Lomb Corp
Filing Date: 2025-07-30
Form: 10-Q
Item: Item 1
Chunk 9
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Item 1. Financial Statements

BAUSCH + LOMB CORPORATION

CONDENSED CONSOLIDATED BALANCE SHEETS

(in millions, except share amounts)

(Unaudited)

 June 30, 2025December 31, 2024Assets  Current assets:  Cash and cash equivalents$266 $305 Restricted cash6 11 Trade receivables, net1,084 1,026 Inventories, net1,051 1,036 Prepaid expenses and other current assets (Note 4)439 410 Total current assets2,846 2,788 Property, plant and equipment, net1,680 1,485 Intangible assets, net3,361 3,494 Goodwill4,667 4,523 Deferred tax assets, net973 885 Other non-current assets (Note 4)305 294 Total assets$13,832 $13,469 Liabilities Current liabilities: Accounts payable (Note 4)$449 $389 Accrued and other current liabilities1,363 1,309 Current portion of long-term debt28 40 Total current liabilities1,840 1,738 Deferred tax liabilities, net14 13 Other non-current liabilities539 430 Long-term debt4,931 4,744 Total liabilities7,324 6,925 Commitments and contingencies (Note 16)Equity  Common shares, no par value, unlimited shares authorized, 353,803,959 and 352,402,374 issued and outstanding at June 30, 2025 and December 31, 2024, respectively— — Additional paid-in capital8,476 8,429 Accumulated deficit(845)(571)Accumulated other comprehensive loss(1,191)(1,385)Total Bausch + Lomb Corporation shareholders’ equity6,440 6,473 Noncontrolling interest68 71 Total equity6,508 6,544 Total liabilities and equity$13,832 $13,469 

The accompanying notes are an integral part of these condensed consolidated financial statements.