Company: BLCO
Filing Date: 2025-02-19
Form Type: 10-K
Source: 0001860742-25-000004
Chunk: 116

Company: Bausch & Lomb Corp
Filing Date: 2025-02-19
Form: 10-K
Item: Item 7A
Chunk 116
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 was no impairment to goodwill.The Company conducted its annual goodwill impairment test as of October 1, 2024, by first assessing qualitative factors. Based on its qualitative assessment as of October 1, 2024, management believed that, it was more likely than not that the carrying amounts of each of its  reporting units were less than their respective fair values and therefore concluded that a quantitative fair value test was not required.No events occurred or circumstances changed during the period from October 1, 2024 (the last time goodwill was tested for all reporting units) through December 31, 2024 that would indicate that the fair value of any reporting unit might be below its carrying value. If market conditions deteriorate, or if the Company is unable to execute its strategies, it may be necessary to record impairment charges in the future.There were no goodwill impairment charges through December 31, 2024.

F-34

9.ACCRUED AND OTHER CURRENT LIABILITIESAccrued and other current liabilities consist of:(in millions)December 31, 2024December 31, 2023Product rebates$465 $191 Employee compensation and benefit costs230 233 Product returns88 66 Discounts and allowances64 84 Professional fees59 53 Other403 400 $1,309 $1,027 10.FINANCING ARRANGEMENTSPrincipal amounts of debt obligations and principal amounts of debt obligations net of issuance costs consist of the following:December 31, 2024December 31, 2023(in millions)MaturityPrincipal AmountNet of Issuance CostsPrincipal AmountNet of Issuance CostsSenior Secured Credit FacilitiesRevolving Credit FacilityMay 2027$110 $110 $275 $275 May 2027 Term FacilityMay 20272,437 2,410 2,462 2,423 May 2027 Incremental Term FacilityMay 2027400 396 — — September 2028 Term FacilitySeptember 2028494 486 499 487 Senior Secured Notes8.375% Secured NotesOctober 20281,400 1,382 1,400 1,377 Total long-term debt$4,841 4,784 $4,636 4,562 Less: Current portion of long-term debt40 30 Non-current portion of long-term debt$4,744 $4,532 Senior