v3.26.1
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Mar. 31, 2026
Dec. 31, 2025
Current assets:    
Cash and cash equivalents $ 268 $ 383
Restricted cash 11 14
Trade receivables, net 1,106 1,221
Inventories, net 977 976
Prepaid expenses and other current assets (Note 4) 414 383
Total current assets 2,776 2,977
Property, plant and equipment, net 1,794 1,762
Intangible assets, net 3,226 3,281
Goodwill 4,737 4,758
Deferred tax assets, net 945 934
Other non-current assets (Note 4) 302 310
Total assets 13,780 14,022
Current liabilities:    
Accounts payable (Note 4) 407 388
Accrued and other current liabilities 1,374 1,493
Current portion of long-term debt and other financial liabilities 39 39
Total current liabilities 1,820 1,920
Deferred tax liabilities, net 19 19
Other non-current liabilities 458 521
Long-term debt and other financial liabilities 5,031 5,043
Total liabilities 7,328 7,503
Commitments and contingencies (Note 16)
Equity    
Common shares, no par value, unlimited shares authorized, 356,396,595 and 354,209,319 issued and outstanding at March 31, 2026 and December 31, 2025, respectively 0 0
Additional paid-in capital 8,580 8,563
Accumulated deficit (1,002) (931)
Accumulated other comprehensive loss (1,199) (1,184)
Total Bausch + Lomb Corporation shareholders’ equity 6,379 6,448
Noncontrolling interest 73 71
Total equity 6,452 6,519
Total liabilities and equity $ 13,780 $ 14,022