Company: BLCO
Filing Date: 2025-02-19
Form Type: 10-K
Source: 0001860742-25-000004
Chunk: 328

Company: Bausch & Lomb Corp
Filing Date: 2025-02-19
Form: 10-K
Item: Item 1A
Chunk 328
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 assumptions were consistent with evidence obtained in other areas of the audit. Professionals with specialized skill and knowledge were used to assist in evaluating (i) the appropriateness of the income approach and (ii) the reasonableness of the discount rates assumption for the IPR&D asset and product brands./s/ PricewaterhouseCoopers LLP Florham Park, New JerseyFebruary 19, 2025We have served as the Company’s auditor since 2020.

F-4

BAUSCH + LOMB CORPORATIONCONSOLIDATED BALANCE SHEETS(in millions, except share amounts)December 31,  20242023Assets  Current assets:  Cash and cash equivalents$305 $331 Restricted cash11 3 Trade receivables, net1,026 839 Inventories, net1,036 1,028 Prepaid expenses and other current assets (Note 3)410 541 Total current assets2,788 2,742 Property, plant and equipment, net1,485 1,390 Intangible assets, net3,494 3,589 Goodwill4,523 4,575 Deferred tax assets, net885 921 Other non-current assets (Note 3)294 225 Total assets$13,469 $13,442 Liabilities Current liabilities: Accounts payable (Note 3)$389 $522 Accrued and other current liabilities1,309 1,027 Current portion of long-term debt40 30 Total current liabilities1,738 1,579 Deferred tax liabilities, net13 14 Other non-current liabilities430 397 Long-term debt4,744 4,532 Total liabilities6,925 6,522 Commitments and contingencies (Notes 19 and 20)Equity  Common shares, no par value, unlimited shares authorized, 352,402,374 and 350,913,804 issued and outstanding at December 31, 2024 and December 31, 2023, respectively— — Additional paid-in capital8,429 8,349 Accumulated deficit(571)(254)Accumulated other comprehensive loss(1,385)(1,245)Total Bausch + Lomb Corporation shareholders’ equity6,473 6,850 Noncontrolling interest71 70 Total equity6,544 6,920 Total liabilities and equity$