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

Company: Bausch & Lomb Corp
Filing Date: 2025-07-30
Form: 10-Q
Item: Item 8
Chunk 25
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 be less than their carrying amounts, and therefore a quantitative fair value test was performed.The quantitative fair value tests utilized the Company’s most recent cash flow projections for each of its reporting units which reflected current market conditions and current trends in business performance. The quantitative assessment utilized long-term growth rates of 3.0% and discount rates ranging from 10.00% to 11.50%, in estimation of the fair value of the reporting units. After completing the testing, the fair value of each of the Company’s reporting units exceeded its carrying value by more than 25%, and, therefore, there was no impairment to goodwill.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 June 30, 2025.

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9.ACCRUED AND OTHER CURRENT LIABILITIESAccrued and other current liabilities consist of:(in millions)June 30,2025December 31,2024Product Rebates$477 $465 Employee Compensation and Benefit Costs225 230 Product Returns76 88 Advertising and Promotion66 52 Discounts and Allowances59 64 Professional Fees52 59 Other408 351 $1,363 $1,309 10.FINANCING ARRANGEMENTSPrincipal amounts of debt obligations and principal amounts of debt obligations net of issuance costs consist of the following:June 30, 2025December 31, 2024(in millions)MaturityPrincipal AmountNet of Issuance CostsPrincipal AmountNet of Issuance CostsSenior Secured Credit FacilitiesMay 2027 Revolving Credit FacilityMay 2027$— $— $110 $110 May 2027 Term FacilityMay 2027— — 2,437 2,410 May 2027 Incremental Term FacilityMay 2027— — 400 396 September 2028 Term FacilitySeptember 2028491 484 494 486 June 2030 Revolving Credit FacilityJune 2030— — — — January 2031 Term FacilityJanuary 20312,325 2,292 — — Senior Secured NotesOctober 2028 Secured NotesOctober 20281,400 1,385 1,400 1,382 January 2031 Secured NotesJanuary 2031796 784 — — OtherVarious