Company: BLCO
Filing Date: 2025-07-30
Form Type: 10-Q
Source: 0001860742-25-000018
Chunk: 21

Company: Bausch & Lomb Corp
Filing Date: 2025-07-30
Form: 10-Q
Item: Item 8
Chunk 21
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 Sheets are as follows:(in millions)June 30,2025December 31,2024Other non-current liabilities$168 $40 Prepaid expenses and other current assets$6 $6 Net fair value$162 $34 The following table presents the effect of hedging instruments on the Condensed Consolidated Statements of Comprehensive Loss and the Condensed Consolidated Statements of Operations for the three and six months ended June 30, 2025 and 2024:Three Months EndedJune 30,Six Months Ended June 30,(in millions)2025202420252024(Loss) gain recognized in Other comprehensive loss$(92)$6 $(128)$26 Gain excluded from assessment of hedge effectiveness$3 $3 $6 $6 Location of gain of excluded componentInterest expenseInterest ExpenseNo portion of the cross-currency swaps were ineffective for the six months ended June 30, 2025 and 2024. The Company received $6 million in interest settlements for each of the six months ended June 30, 2025 and 2024, which are reported as investing activities in the Condensed Consolidated Statements of Cash Flows.Foreign Currency Exchange ContractsThe Company enters into foreign currency exchange contracts to economically hedge the foreign exchange exposure on certain of the Company’s intercompany balances. As of June 30, 2025, these contracts had an aggregate notional amount of $339 million.

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The assets and liabilities associated with the Company’s foreign exchange contracts as included in the Condensed Consolidated Balance Sheets as of June 30, 2025 and December 31, 2024 are as follows:(in millions)June 30,2025December 31,2024Accrued and other current liabilities$(5)$(3)Prepaid expenses and other current assets$2 $7 Net fair value$(3)$4 The following table presents the effect of the Company’s foreign exchange contracts on the Condensed Consolidated Statements of Operations and the Condensed Consolidated Statements of Cash Flows for the three and six months ended June 30, 2025 and 2024:Three Months EndedJune 30,Six Months Ended June 30,(in millions)2025202420252024(Loss) gain related to changes in fair value$(3)$— $(7)$3 (Loss) gain related to settlements$(3)$— $(7)$1 Acquisition-related Contingent Consideration