Company: BLCO
Filing Date: 2025-02-19
Form Type: 10-K
Source: 0001860742-25-000004
Chunk: 386

Company: Bausch & Lomb Corp
Filing Date: 2025-02-19
Form: 10-K
Item: Item 1A
Chunk 386
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 loss as of December 31, 2024 and 2023 were as follows:Pension Benefit PlansU.S.  PostretirementBenefit PlanU.S. PlanNon-U.S. Plans(in millions)202420232024202320242023Unrecognized actuarial (losses) gains$(29)$(31)$(23)$(26)$4 $3 Unrecognized prior service credits$— $— $21 $23 $1 $3 Net periodic cost (benefit)The following tables provides the components of Net periodic cost (benefit) for Bausch + Lomb’s defined benefit pension plans and postretirement benefit plan for the years 2024, 2023 and 2022:  Pension Benefit PlansU.S.            PostretirementBenefit PlanU.S. PlanNon-U.S. Plans(in millions)202420232022202420232022202420232022Service cost$1 $2 $1 $2 $2 $3 $— $— $— Interest cost8 9 5 4 4 3 1 1 1 Expected return on plan assets(9)(9)(10)(4)(3)(4)— — — Amortization of prior service credit— — — (1)(1)(1)(2)(2)(2)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 Set