Bausch & Lomb Corp Leases Disclosure
| (in millions) | December 31, 2025 | December 31, 2024 | |||||||||
| Right-of-use assets included in: | |||||||||||
| $ | 160 | $ | 151 | ||||||||
| Fixed asset equipment included in: | |||||||||||
| Property, plant and equipment, net | $ | 36 | $ | — | |||||||
| Lease liabilities included in: | |||||||||||
| $ | 38 | $ | 32 | ||||||||
| 125 | 120 | ||||||||||
Current portion of long-term debt and other financial liabilities | 11 | — | |||||||||
Long-term debt and other financial liabilities | 23 | — | |||||||||
| Total lease liabilities | $ | 197 | $ | 152 | |||||||
| (in millions) | 2025 | 2024 | |||||||||
| Operating lease costs | $ | 54 | $ | 46 | |||||||
| Variable operating lease costs | $ | 10 | $ | 10 | |||||||
| Amortization of other financial liabilities | $ | — | $ | — | |||||||
| Interest on other financial liabilities | $ | 1 | $ | — | |||||||
| (dollars in millions) | 2025 | 2024 | |||||||||
| Cash paid from operating cash flows for amounts included in the measurement of lease liabilities | $ | 51 | $ | 42 | |||||||
| Cash paid from operating cash flows for other financial liabilities | $ | 1 | $ | — | |||||||
| Cash paid from financing cash flows for other financial liabilities | $ | 2 | $ | — | |||||||
| Cash received from financing cash flows for other financial liabilities | $ | 36 | $ | — | |||||||
| Right-of-use assets obtained in exchange for new operating lease liabilities | $ | 39 | $ | 73 | |||||||
| Weighted-average remaining lease term - operating leases | 7.3 years | 7.4 years | |||||||||
| Weighted-average remaining lease term - other financial liabilities | 2.8 years | — | |||||||||
| Weighted-average discount rate - operating leases | 7.6 | % | 7.5 | % | |||||||
| Weighted-average discount rate - other financial liabilities | 7.5 | % | — | ||||||||
| (in millions) | Operating Leases | Other Financial Liabilities | |||||||||
| 2026 | $ | 49 | $ | 13 | |||||||
| 2027 | 40 | 13 | |||||||||
| 2028 | 28 | 12 | |||||||||
| 2029 | 15 | — | |||||||||
| 2030 | 13 | — | |||||||||
| Thereafter | 72 | — | |||||||||
| Total | 217 | 38 | |||||||||
| Less: Imputed interest | 54 | 4 | |||||||||
| Present value of remaining lease payments | 163 | 34 | |||||||||
| Less: Current portion | 38 | 11 | |||||||||
| Non-current portion | $ | 125 | $ | 23 | |||||||
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Historical Timeline
| Fiscal Year | Filed | |
|---|---|---|
| 2025 | Feb 18, 2026 | Showing above |
| 2024 | Feb 19, 2025 | |
| 2023 | Feb 21, 2024 | |
| 2022 | Feb 22, 2023 | |
About Leases Disclosures
Lease disclosures under ASC 842 provide a comprehensive view of a company's leased asset portfolio, including the split between operating and finance leases, discount rates used to present-value future payments, and the maturity schedule of lease obligations. This section reveals a significant source of off-balance-sheet commitments that were largely hidden before the current standard.
Key signals: the weighted-average discount rate affects the size of recorded lease liabilities — a higher rate reduces the reported obligation, so compare the chosen rate against the company's incremental borrowing rate. The operating versus finance lease mix affects both EBITDA and operating income presentation. Watch the maturity table for concentration risk: large payment cliffs in specific years may create cash flow pressure. Variable lease payments excluded from the liability measurement represent real obligations that do not appear on the balance sheet. Compare total lease costs against prior-year operating lease expense to assess the true economic burden.