v3.25.4
CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Dec. 31, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents $ 383 $ 305
Restricted cash 14 11
Trade receivables, net 1,221 1,026
Inventories, net 976 1,036
Prepaid expenses and other current assets (Note 3) 383 410
Total current assets 2,977 2,788
Property, plant and equipment, net 1,762 1,485
Intangible assets, net 3,281 3,494
Goodwill 4,758 4,523
Deferred tax assets, net 934 885
Other non-current assets (Note 3) 310 294
Total assets 14,022 13,469
Current liabilities:    
Accounts payable (Note 3) 388 389
Accrued and other current liabilities 1,493 1,309
Current portion of long-term debt and other financial liabilities 39 40
Total current liabilities 1,920 1,738
Deferred tax liabilities, net 19 13
Other non-current liabilities 521 430
Long-term debt and other financial liabilities 5,043 4,744
Total liabilities 7,503 6,925
Commitments and contingencies (Notes 19 and 20)
Equity    
Common shares, no par value, unlimited shares authorized, 354,209,319 and 352,402,374 issued and outstanding at December 31, 2025 and December 31, 2024, respectively 0 0
Additional paid-in capital 8,563 8,429
Accumulated deficit (931) (571)
Accumulated other comprehensive loss (1,184) (1,385)
Total Bausch + Lomb Corporation shareholders’ equity 6,448 6,473
Noncontrolling interest 71 71
Total equity 6,519 6,544
Total liabilities and equity $ 14,022 $ 13,469