Company: BLCO
Filing Date: 2025-02-19
Form Type: 10-K
Source: 0001860742-25-000004
Chunk: 115

Company: Bausch & Lomb Corp
Filing Date: 2025-02-19
Form: 10-K
Item: Item 7A
Chunk 115
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The changes in the carrying amounts of goodwill during the years ended 2024, 2023 and 2022 were as follows:(in millions)Vision CarePharmaceuticalsSurgicalTotalBalance, January 1, 2022$3,596 $675 $315 $4,586 Acquisitions (Note 4)— — 5 5 Foreign exchange and other(47)(30)(7)(84)Balance, December 31, 20223,549 645 313 4,507 Acquisitions (Note 4)— 23 8 31 Foreign exchange and other7 25 5 37 Balance, December 31, 20233,556 693 326 4,575 Acquisitions (Note 4)— — 29 29 Foreign exchange and other(27)(49)(5)(81)Balance, December 31, 2024$3,529 $644 $350 $4,523 Goodwill is not amortized but is tested for impairment at least annually as of October 1st at the reporting unit level. Refer below for results of the Company's recent goodwill impairment tests and impact of segment realignment on goodwill.Refer to Note 2, “SIGNIFICANT ACCOUNTING POLICIES” for further detail regarding the Company's policies and testing approach in relation to goodwill impairment testing.Annual Goodwill Impairment TestsThe Company conducted its annual goodwill impairment test as of October 1, 2022 by performing a quantitative assessment for each of its reporting units. The quantitative assessment utilized long-term growth rates of 2.0% and 3.0% and discount rates of 9.5% and 12.25%, in estimation of the fair value of the reporting units. After completing the testing, the fair value of each of these reporting units exceeded its carrying value by more than 25%, and, therefore, there was no impairment to goodwill.The Company conducted its annual goodwill impairment test as of October 1, 2023 by performing a quantitative assessment for each of its reporting units. The quantitative assessment utilized long-term growth rates of 2.0% and 3.0% and discount rates ranging from 10.25% and 11.50%, in estimation of the fair value of the reporting units. After completing the testing, the fair value of each of these reporting units exceeded its carrying value by more than 25%, and, therefore, there