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FORM 11-K |
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[ X ] |
ANNUAL REPORT PURSUANT TO SECTION 15(d) OF THE |
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OR |
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[ ] |
TRANSITION REPORT PURSUANT TO SECTION 15(d) OF THE |
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The Bausch & Lomb 401(k) Account Plan |
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(Full Title of the Plan) |
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Bausch & Lomb Incorporated (Name of issuer of the securities held pursuant to the Plan and the address of its principal executive office) |
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The Bausch & Lomb 401(k) Account Plan |
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Index to Financial Statements and Schedule |
Page 1 |
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Page |
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Financial Statements: |
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Report of Independent Registered Public Accounting Firm |
2 |
Statements of Net Assets Available for Benefits as of December 31, 2003 |
3 |
Statement of Changes in Net Assets Available for Benefits for the Year |
4 |
Notes to Financial Statements |
5-9 |
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Supplemental Schedule:* |
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Schedule of Assets Held for Investment Purposes at the End of Year |
1-14 |
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Exhibit Index: |
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EX-23 Consent of PricewaterhouseCoopers LLP |
*****
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*Note: Other schedules required by Section 2520.103 - 10 of the Department of Labor's Rules and Regulations for Reporting and disclosure under the Employee Retirement Income Security Act ("ERISA") of 1974 have been omitted because they are not applicable. |
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Page 2 |
Report of Independent Registered Public Accounting Firm
To the Participants and Administrator of
The Bausch & Lomb 401 (k) Account Plan
In our opinion, the accompanying statements of net assets available for benefits and the related statement of changes in net assets available for benefits present fairly, in all material respects, the net assets available for benefits of The Bausch & Lomb 401(K) Account Plan (the "Plan") at December 31, 2003 and 2002, and the changes in net assets available for benefits for the year ended December 31, 2003 in conformity with accounting principles generally accepted in the United States of America. These financial statements are the responsibility of the Plan's management. Our responsibility is to express an opinion on these financial statements based on our audits. We conducted our audits of these statements in accordance with the standards of the Public Company Accounting Oversight Board (United States). Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement. An audit includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements, assessing the accounting principles used and significant estimates made by management, and evaluating the overall financial statement presentation. We believe that our audits provide a reasonable basis for our opinion.
Our audits were conducted for the purpose of forming an opinion on the basic financial statements taken as a whole. The supplemental schedule of assets (held at end of year) as of December 31, 2003 are presented for the purpose of additional analysis and is not a required part of the basic financial statements but is supplementary information required by the Department of Labor's Rules and Regulations for Reporting and Disclosure under the Employee Retirement Income Security Act of 1974. These supplemental schedules are the responsibility of the Plan's management. These supplemental schedules have been subjected to the auditing procedures applied in the audit of the basic financial statements and, in our opinion, are fairly stated in all material respects in relation to the basic financial statements taken as a whole.
Rochester, New York
June 28, 2004
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The Bausch & Lomb 401(k) Account Plan |
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Statements of Net Assets Available for Benefits |
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December 31, 2003 and 2002 |
Page 3 |
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December 31, |
December 31, |
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Assets |
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Investments at fair value |
$ 256,769,231 |
$ 208,966,271 |
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Investments at contract value |
71,652,069 |
60,212,910 |
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Investment in common/collective trust, at fair value |
964,982 |
1,282,106 |
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Total investments |
329,386,282 |
270,461,287 |
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Receivables for pending trade sales |
666,776 |
- |
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Accrued interest and dividends receivable |
239,063 |
274,534 |
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Total assets |
330,292,121 |
270,735,821 |
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Liabilities |
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Payables for pending trade purchases |
6,725,801 |
7,845,157 |
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Cash overdraft |
- |
76,491 |
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Total liabilities |
6,725,801 |
7,921,648 |
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Net assets available for benefits |
$ 323,566,320 |
$ 262,814,173 |
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The accompanying notes are an integral part of these financial statements. |
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The Bausch & Lomb 401(k) Account Plan |
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Statement of Changes in Net Assets Available for Benefits |
Page 4 |
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For the |
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Additions |
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Additions to net assets attributed to: |
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Participant contributions (Including rollover contributions) |
$ 15,208,671 |
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Employer contributions |
7,683,610 |
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Total contributions |
22,892,281 |
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Investment income |
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Interest/dividend |
6,560,890 |
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Net appreciation in fair value of investments |
57,304,332 |
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Total investment income |
63,865,222 |
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Total additions |
86,757,503 |
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Deductions |
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Benefits paid to participants |
(26,005,356) |
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Net increase |
60,752,147 |
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Net assets available for benefits: |
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Beginning of year |
262,814,173 |
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End of year |
$ 323,566,320 |
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The accompanying notes are an integral part of these financial statements. |
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The Bausch & Lomb 401(k) Account Plan |
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Notes to Financial Statements |
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Years ended December 31, 2003 and 2002 |
Page 5 |
1. Description of Plan
The Plan is a defined contribution plan covering substantially all U.S. employees of Bausch & Lomb Incorporated (the "Company"). The Plan is subject to the provisions of the Employee Retirement Income Security Act of 1974 ("ERISA").
General
The following description of The Bausch & Lomb 401(K) Account Plan provides only general information. Participants should refer to the Plan's Summary Plan Description and Plan Document for a more complete description of the Plan's provisions.
Participant Contributions
Employees may elect to participate in the Plan on their date of hire if they are scheduled to work at least 1,000 hours per Plan year. The allowable employee contribution ranges from 1 percent to 50 percent of eligible pre-tax compensation. In addition, a participant may elect to contribute an additional 1 percent to 6 percent of eligible compensation on an after-tax basis. In no event may the participant's rate of pre-tax savings contributions when added to the rate of after-tax savings contributions exceed 56 percent of eligible compensation. In addition, each participant may contribute rollover contributions received in a lump sum from another qualified defined contribution or defined benefit retirement plan.
Company Contributions
For all participants who have completed one year of eligible service, the Company is required to match each participant's contribution, from its profits, an amount equal to 100 percent of the first 3 percent of each participant's pre-tax savings contributions plus 50 percent of the next 2 percent of each participant's pre-tax savings contributions. Additionally, for all participants who have completed one year of eligible service, the Company provides a base contribution of .5 percent of a participant's eligible compensation. All Company contributions are invested in Bausch & Lomb Incorporated Common stock and must remain in this fund option until the participant reaches the age of 55. Contributions are subject to certain limitations.
Plan Administrator
The Plan is administered by the Employee Benefits Administration Committee (the "Committee"), which is appointed by the Board of Directors of the Company.
Participant Accounts
Individual accounts are maintained for each Plan participant to reflect the participant's contributions and Company contributions. Income and loss is allocated to the participants' accounts based on the ratio of the account balance of the individual participant to the aggregate of all account balances of all participants in the fund within the Plan. The benefit to which a participant is entitled is the benefit that can be provided from the participant's vested account.
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The Bausch & Lomb 401(k) Account Plan |
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Notes to Financial Statements |
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Years ended December 31, 2003 and 2002 |
Page 6 |
Vesting
All active Plan participants are 100 percent vested in their contributions, as well as in all Company contributions.
Administrative Expenses
All legal, accounting and trustee services are provided at the expense of the Company. For the plan year ended December 31, 2003, the Company paid administrative expenses totaling $499,439.
Participant Loans
Plan participants may borrow up to one-half of their pre-tax savings contributions and Company contributions, not to exceed $50,000. Participants' loans are secured by their account balances. Loan terms range from one to five years. The interest rate on such loans is determined by the Committee based on prevailing market interest rates at the time the loan is approved. For loans taken during 2003 and 2002, the interest rate charged was one percent over the published prime interest rate on the 25th of each month prior to the application (4.00% and 4.25% at December 31, 2003 and 2002, respectively).
Payment of Benefits
On termination of service due to death, disability, or retirement, benefits are distributed as a lump-sum payment equal to the value of the participant's vested interest in his or her account, subject to potential personal income tax and, in certain circumstances, other penalties. In May of 2002, the Plan was amended to discontinue the option, which allowed participants to elect a life annuity distribution. For payment of benefits due to other reasons, a participant may receive the value of the interest in his or her account as a lump-sum distribution. A participant may withdraw from his or her after-tax savings account prior to termination of employment subject to Plan provisions.
Plan Termination
Although it has not expressed any intent to do so, the Company has the right under the Plan to discontinue its contributions at any time and to terminate the Plan subject to the provisions of ERISA. In the event of Plan termination, participant accounts will remain 100 percent vested.
2. Summary of Accounting Policies
Basis of Accounting
The financial statements of the Plan are recorded on the accrual basis of accounting. Benefits are recorded when paid.
Use of Estimates
The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets, liabilities, and changes therein, and disclosure of contingent assets and liabilities. Actual results could differ from those estimates.
Risks and Uncertainties
Investment securities are exposed to various risks, such as interest rate, market and credit risk. Due to the level of risk, it is at least reasonably possible that changes in the values of the investments will occur in the near term and that such changes could materially affect participants' account balances and the amounts reported in the statements of net assets available for benefits.
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The Bausch & Lomb 401(k) Account Plan |
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Notes to Financial Statements |
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Years ended December 31, 2003 and 2002 |
Page 7 |
Investment Valuation
The Plan invests in mutual funds, equity securities or debt instruments which are presented at fair value based on the net asset value for mutual fund shares held by the Plan at year end or quote market prices for equity securities or debt instruments. Investment in common/collective trust funds are presented reflect market value based upon the net asset value of the underlying trust. Loans to participants are valued at cost which approximates fair value.
The Plan's investments also consist of a guaranteed investment contract at Metropolitan Life Insurance Company ("Met Life"), which is stated at contract value. Contract value is equal to cost
plus accrued interest, which approximates fair value because the contract is fully benefit responsive. The average investment yield at December 31, 2003 and 2002 was 5.10 percent and 5.80 percent, respectively. The average crediting rate for 2003 and 2002 was 5.05
The Plan holds a synthetic investment contract with a total contract value of $48,548,044 and $39,174,938 at December 31, 2003 and 2002, respectively. Synthetic investment contracts represent individual assets or a portfolio of assets placed in a trust with ownership by the Plan and a third party issues a wrapper contract that provides that holders can execute transactions at contract value. Individual assets of the synthetic contract are valued at representative quoted market prices. The wrapper is valued as the difference between the fair value of the assets and the contract value of the investment contract.
Net Appreciation in Fair Value of Investments
The Plan presents in the statement of changes in net assets available for benefits the net appreciation in the fair value of its investments which consists of the realized gains and losses and the net unrealized appreciation or depreciation on those investments.
3. Investments
The following presents investments that represent 5 percent or more of the Plan's net assets.
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December 31, |
December 31, |
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Bausch & Lomb Incorporated Common stock* |
$ 85,433,731 |
$ 57,293,019 |
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Fidelity Equity Income Fund |
33,418,106 |
27,657,277 |
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Fidelity Contrafund Incorporated Fund |
25,564,141 |
20,999,501 |
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Fidelity Puritan Fund |
25,016,581 |
22,401,957 |
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Clover Capital Investment Contract |
23,946,560 |
18,565,991 |
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Alliance Capital Investment Contract |
23,096,558 |
19,303,800 |
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Fidelity Spartan US Equity Index Fund |
21,334,556 |
16,849,197 |
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Fidelity Concord Fund |
- |
18,106,055 |
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MetLife GAC |
17,044,999 |
- |
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The Bausch & Lomb 401(k) Account Plan |
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Notes to Financial Statements |
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Years ended December 31, 2003 and 2002 |
Page 8 |
During 2003, the Plan's investments (including gains and losses on investments bought and sold, as well as held during this year) appreciated in value by $57,304,332 as follows:
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Bausch & Lomb Incorporated Common stock* |
$ 26,257,483 |
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Mutual funds and Collective Investment Trust |
31,046,849 |
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$ 57,304,332 |
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*Denotes party-in-interest and investment which is partially non-participant directed. |
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4. Non-participant Directed Investments
The Bausch & Lomb Incorporated Stock Fund features both a participant directed and non-participant directed investment option. Company contributions are invested in the Bausch & Lomb Incorporated Stock Fund and must remain in this fund option until the participant reaches age 55. In addition, participants may direct contributions to the Bausch & Lomb Incorporated Stock Fund and may redirect their contributions to another fund available to participants at any time. Information about the net assets available for benefits and the significant components of the changes in net assets available for benefits related to the Bausch & Lomb Incorporated Stock Fund is as follows:
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December 31, |
December 31, |
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Net assets available for benefits: |
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Common stock |
$ 85,058,806 |
$ 56,869,452 |
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Cash |
806,984 |
1,013,288 |
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Accrued interest and dividends receivable |
213,061 |
206,512 |
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$ 86,078,851 |
$ 58,089,252 |
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December 31, |
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Net assets available for benefits at beginning of year |
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Contributions |
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Participant |
455,579 |
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Employer |
7,683,610 |
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Interest/dividends |
858,573 |
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Net appreciation in fair value of investments |
26,257,483 |
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Benefits paid to participants |
(5,436,645) |
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Interfund transfers, net |
(1,829,001) |
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Net assets available for benefits at end of year |
$ 86,078,851 |
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The Bausch & Lomb 401(k) Account Plan |
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Notes to Financial Statements |
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Years ended December 31, 2003 and 2002 |
Page 9 |
5. Federal Income Tax
The Plan received a favorable determination letter dated February 21, 1995 from the Internal Revenue Service (the "IRS"), stating that the Plan, as then designed, was a qualified plan in accordance with applicable sections of the Internal Revenue Code (the "Code") and its corresponding trust is exempt from taxation. On August 9, 2001, the Plan Administrator applied for a new determination letter prompted by a series of changes in the Code that affect qualified retirement plans. The Plan received a favorable determination letter dated November 18, 2002, stating that the Plan, as amended, continues as a qualified Plan, in accordance with the Internal Revenue Code. The Plan has been amended since receiving the determination letter. However, the Plan Administrator and Plan's tax counsel believe that the Plan is designed and is currently being operated in compliance with the applicable requirements of the Internal Revenue Code.
6. Transactions with Related Parties
Certain participant contributions and all Company contributions are invested in the Company's Common stock and, therefore, these transactions qualify as party-in-interest. All legal, accounting and trustee services are provided at the expense of the Company.
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The Bausch & Lomb 401(k) Account Plan |
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Schedule of Assets Held for Investment Purposes at End of Year |
Schedule I |
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For the Plan Year Ended December 31, 2003 |
Page 1 |
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Security Description/Asset ID |
Shares/Par Value |
Historical Cost |
Current Value |
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Corporate Stock - Common |
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United States - USD |
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**BAUSCH & LOMB INC. COM CUSIP: 071707103 |
1,638,898.00 |
53,986,729.50 |
85,058,806.20 |
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Total United States - USD |
53,986,729.50 |
85,058,806.20 |
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Total Corporate Stock - Common |
53,986,729.50 |
85,058,806.20 |
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Loans to Participants/Other |
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United States - USD |
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PARTICIPANT LOANS FOR THE BAUSCH & LOMB SAVING TRUST CUSIP: 999919418 |
7,309,943.86 |
7,309,943.86 |
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(INTEREST RATES 8.75% - 10.5%) |
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Total United States - USD |
7,309,943.86 |
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Total Loans to Participants/Other |
7,309,943.86 |
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Value of Interest in Common/Collective Trusts |
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United States - USD |
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COLTV SHORT-TERM INVT FD CUSIP: 195998AC3 |
964,981.72 |
964,981.72 |
964,981.72 |
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Total United States - USD |
964,981.72 |
964,981.72 |
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Total Value of Interest in Common/Collective Trusts |
964,981.72 |
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**Denotes party-in-interest |
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The Bausch & Lomb 401(k) Account Plan |
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Schedule of Assets Held for Investment Purposes at End of Year |
Schedule I |
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For the Plan Year Ended December 31, 2003 |
Page 2 |
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Shares/Par Value |
Current Value |
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Value of Interest in Registered Investment Companies |
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United States - USD |
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MFO FIDELITY US BOND INDEX PORTFOLIO FUND C315911107 |
483,154.93 |
5,406,503.60 |
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MFO FID EQTY INC FD SH BEN INT CUSIP: 316138106 * |
671,720.73 |
33,418,106.32 |
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MFO FID INSTL INVS TR FREEDOM 2010 FD CUSIP: 31617R506 * |
159,662.45 |
2,078,805.10 |
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MFO FID INSTL INVS TR FREEDOM 2020 FD CUSIP: 31617R605 * |
168,372.83 |
2,192,214.25 |
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MFO FID INSTL INVS TR FREEDOM 2030 FD CUSIP: 31617R704 * |
229,661.65 |
2,974,118.37 |
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MFO FIDELITY CONTRAFUND INC OPEN END FD CUSIP: 316071109 * |
518,017.05 |
25,564,141.42 |
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MFO FIDELITY FMM RET GOVT MM CUSIP: 31619709 * * |
6,983,699.62 |
6,983,699.62 |
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MFO FIDELITY INVT TR DIVERSFIFIED INTL FDOPEN END FD CUSIP: 315810802 * |
370,294.38 |
8,931,500.45 |
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MFO FIDELITY MAGELLAN PD INC OPEN END FD CUSIP: 316184100 * |
126,854.08 |
12,398,717.78 |
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MFO FIDELITY OTC PORTFOLIO OPEN END FD CUSIP: 316389105 * |
407,601.02 |
13,234,805.12 |
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MFO FIDELITY PURITAN PD OPEN END PD CUSIP: 316345107 * |
1,354,444.02 |
25,016,581.05 |
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MFO FIDELITY SPARTAN US EQTY INDEX RD OPEN END FD CUSIP: 315911206 * |
541,348.81 |
21,334,556.50 |
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MFO FIDELITY MID CAP STK FD C316128404 * |
34,758.55 |
749,741.92 |
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MFO FIDELITY LOW PRICED STOCK FUND C316345305 * |
47,714.53 |
1,669,054.26 |
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MFO FIDELITY SMALL CAP STK FD C315912501 * |
118,541.88 |
2,027,066.15 |
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MFO FIDELITY VALUE FD OPEN END FD C316464106 |
6,780.56 |
420,869.36 |
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Total United States - USD |
164,400,481.44 |
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Total Value of Interest in Registered Investment Companies |
164,400,481.44 |
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Value of Funds Held in Insurance Company General Accounts |
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Met Life Insurance Company GAC #13388 4.75% CUSIP: 999499VE3 |
17,044,999.22 |
17,044,999.22 |
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Total United States - USD |
17,044,999.22 |
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Total Value of Funds Held in Insurance Company General Accounts |
17,044,999.22 |
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The Bausch & Lomb 401(k) Account Plan |
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Schedule of Assets Held for Investment Purposes at End of Year |
Schedule I |
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For the Plan Year Ended December 31, 2003 |
Page 3 |
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Security Description/Asset ID |
Shares/Par Value |
Current Value |
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Non-Interest Bearing Cash |
1,154.70 |
1,154.70 |
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Pending trade sales - United states dollar |
0.00 |
666,776.46 |
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U.S. Government Securities |
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United States - USD |
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FHLMC 30 YR GOLD PARTN CTF (PC) 6 30 YEARS SETTLES JAN CUSIP: 02R060613 |
305,000.00 |
315,103.13 |
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FHLMC 4.75 DUE 10-11-2012 REG CUSIP3126X0BD0 |
245,000.00 |
241,203.24 |
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FHLMC DEB 2.125 11-15-2005 CUSIP: 3134A4UH5 |
960,000.00 |
964,231.68 |
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FHLMC GOLD SINGLE FAMILY 5.5 30 YEARS SETTLES JAN CUSIP: 02R052610 |
1,800,000.00 |
1,821,375.00 |
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FHLMC PREASSIGN 00081 5.125 11-07-2013/11-07-2005 CUSIP: 3128X17C5 |
275,000.00 |
273,937.68 |
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FHLMC PRIN PMT ON 6.50 DEB 2003 2.875 12-15-2006 CUSIP: 3134A1CR3 |
235,000.00 |
236,684.72 |
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FNMA 15 YR PASS-THROUGHS 5 15 YEARS SETTLES JAN CUSIP: 01F050411 |
320,000.00 |
326,300.16 |
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FNMA 15 YR PASS-THROUGHS 5.5 15 YEARS SETTLES JAN CUSIP: 01F052417 |
445,000.00 |
460,992.41 |
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FNMA 30 YEAR PASS-THROUGHS 6 30 YEARS SETTLES JAN CUSIP: 01F060618 |
710,000.00 |
733,740.98 |
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FNMA 30 YEAR PASS-THROUGHS 6.5 30 YEARS SETTLES JAN CUSIP: 01F062614 |
1,595,000.00 |
1,667,771.88 |
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FNMA 6 12-15-2005 CUSIP: 31359MGM9 |
0.12 |
0.13 |
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FNMA POOL #254983 5.5 12-01-2033 BEO CUSIP: 31371LFY0 |
268,976.44 |
272,615.42 |
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FNMA POOL #429546 6.5 06-01-2028 BEO CUSIP: 31379UET4 |
286,804.04 |
300,303.33 |
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FNMA POOL #535996 7.5 DUE 06-01-2031 REG CUSIP: 31384WNM6 |
136,216.44 |
145,568.52 |
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FNMA POOL #670402 6.5 06-01-2032 BEO CUSIP: 31391LX75 |
11,869.23 |
12,415.08 |
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FNMA POOL #7037712 5.5 02-01-2018 BEO CUSIP: 31401BYH2 |
281,233.09 |
291,743.33 |
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FNMA POOL #733586 6 08-01-2033 BEO CUSIP: 31402M6X3 |
263,170.55 |
272,158.89 |
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FNMA POOL #734853 4 08-01-2018 BEO CUSIP: 31402QMA6 |
420,864.02 |
410,670.01 |
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The Bausch & Lomb 401(k) Account Plan |
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Schedule of Assets Held for Investment Purposes at End of Year |
Schedule I |
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For the Plan Year Ended December 31, 2003 |
Page 4 |
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FNMA POOL #741842 5.5 09-01-2033 BEO CUSIP: 31402YEP5 |
295,029.12 |
299,026.76 |
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FNMA PREASSIGN 00026 5 04-25-2014 CUSIP: 31393TBB1 |
190,000.00 |
196,191.15 |
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FNMA PREASSIGN 00311 3.875 11-17-2008/11-17-2005 CUSIP 31359MTQ6 |
165,000.00 |
165,280.50 |
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FNMA PREASSIGN 00314 4 12-15-2008/06-15-2005 CUSIP 31359MTT0 |
295,000.00 |
294,276.98 |
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GNMA 1 30 YR SINGLE FAMILY PASS-THROUGHS(SF) 6 30 YEARS SETTLES JAN CUSIP: 01N06061 |
255,000.00 |
264,960.81 |
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GNMA TBA ARM POOL #9999999 SER 20295.5 DUE 01-01-2029 REG CUSIP: 01N052616 |
530,000.00 |
538,777.85 |
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US TREAS 7.875 BD 2-15-2021 REG CUSIP: 91281OEH7 |
195,000.00 |
259,449.06 |
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US TREAS BDS 5.375 DUE 02-15-2031 BEO CUSIP: 912810FP8 |
85,000.00 |
88,642.42 |
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US TREAS BDS 8.75 15-5-2017 USD1000 8.75 DUE 05-15-2017 REG CUSIP: 912810DY1 |
375,000.00 |
525,527.25 |
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US TREAS BDS DTD 02/15/1997 6.625 DUE 02-15-2027 REG CUSIP 912810EZ7 |
10,000.00 |
11,944.14 |
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US TREAS NTS DTD 00021 1.625 DUE 03-31-2005 REG CUSIP 912828AW0 |
20,000.00 |
20,068.76 |
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US TREAS NTS DTD 00025 3.625 DUE 05-15-2013 REG CUSIP: 912828BA7 |
75,000.00 |
72,090.83 |
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US TREAS NTS DTD 00032 4.25 DUE 08-15-2013 REG CUSIP: 912828BH2 |
220,000.00 |
220,275.00 |
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US TREAS NTS DTD 05/15/2003 2.625 DUE 05-15-2008 REG CUSIP: 912828AZ3 |
145,000.00 |
142,819.35 |
|
US TREAS NTS DTD 06/30/2003 1.125 DUE 06-30-2005 REG CUSIP: 912828BC3 |
645,000.00 |
641,547.96 |
|
Total United States - USD |
12,059,163.10 |
12,487,694.40 |
|
Total U.S. Government Securities |
12,059,163.10 |
12,487,694.40 |
|
Corporate Debt Instruments - Preferred |
||
|
United States - USD |
||
|
1ST UN-LEHMAN BRS-AM CML MTG SER 98-C2 CL A2 6.55999 11-8-08 FNL 11-18-35 REG CUSIP: 3 |
190,000.00 |
211,935.88 |
|
ALCAN INC NT 4.5 DUE 05-15-2013/05-14-2013 REG CUSIP:013716AS4 |
20,000.00 |
19,273.20 |
|
AMERN EXPRESS CO BD 4.875 DUE 07-15-2013 BEO CUSIP: 025816AQ2 |
55,000.00 |
55,116.00 |
|
AMERN GEN FIN CORP MEDIUM TERM SR NTS TRANCHE # TR 00385 4.5 DUE 11-15-2007 CUSIP: 02 |
|
|
|
AMERN GEN FIN CORP MEDIUM TERM SR NTS TRANCHE # TR 00385 4.5 DUE 11-15-2005 CUSIP: 02 |
50,000.00 |
50,319.95 |
|
The Bausch & Lomb 401(k) Account Plan |
|||
|
Schedule of Assets Held for Investment Purposes at End of Year |
Schedule I |
||
|
For the Plan Year Ended December 31, 2003 |
Page 5 |
||
|
ANHEUSER BUSCH COS INC 5.95 DUE 01-15-2033/01-14-2033 BEO CUSIP 035229CQ4 |
55,000.00 |
56,464.10 |
|
|
ANHEUSER BUSCH COS INC DEB 4.375 DUE 01-15-2013/01-14-2013 BEO CUSIP 035229CP6 |
70,000.00 |
68,140.66 |
|
|
BEAR STEARNS COS INC GLOBAL NT DTD 12/26/2002 4 DUE 01-31-2008 BEO CUSIP 073902CA4 |
35,000.00 |
35,648.68 |
|
|
BK AMER CORP BK AMER CORP SUB 6.25 DUE 04-15-2012 BEO CUSIP: 060505AQ7 |
75,000.00 |
82,678.20 |
|
|
BOEING CAP CORP NT 4.75 DUE 08-25-2008/08-24-2008 BEO CUSIP: 097014AJ3 |
20,000.00 |
20,632.36 |
|
|
BRISTOL MYERS SQUIBB CO NT 4.75 DUE 10-01-2006 BEO CUSIP: 110122AF5 |
30,000.00 |
31,723.59 |
|
|
BRIT TELECOMMUNICATIONS P L C NT 8.675 DUE 12-15-2030 BEO CUSIP: 111021AE1 |
45,000.00 |
58,842.18 |
|
|
CHASE FDG MTG LN 2003-4 AST BACKED CTF A-1 VAR 03-25-2005 REG CUSIP: 161546GA8 |
54,131.75 |
54,103.71 |
|
|
CHASE FDG MTG LN SER 2003-5 CL A-1 02-25-2021 BEO CUSIP: 161546GQ3 |
70,652.56 |
70,659.77 |
|
|
CIT GROUP INC 5.5 DUE 11-30-2007 BEO CUSIP: 125581AD0 |
25,000.00 |
26,766.93 |
|
|
CIT GROUP INC 4.125 DUE 02-21-2006 BEO CUSIP: 125581A-N6 |
85,000.00 |
87,958.68 |
|
|
CITIBANK CR CARD ISSUANCE TR 2003-NT 4.15 DUE 07-07-2017 REG CUSIP: 17305EBU8 |
105,000.00 |
97,474.34 |
|
|
CITIBANK CR CARD ISSUANCE TR SER 2003-A8CL A8 3.5 DUE 08-16-2010 BEO CUSIP: 17305EBV6 |
135,000.00 |
134,727.30 |
|
|
CITICORP MEDIUM TERM SUB NTS-BOOK ENTRY TRANCHE #SB 00195 6.375 DUE 11-15-2008 |
|
|
|
|
CITIGROUP INC SUB NT 7.25 DUE 10-01-2010 BEO CUSIP: 172967AZ4 |
145,000.00 |
169,005.91 |
|
|
CMO CWMBS INC 2003-49 CHL MTG PASSTHRU CTF A-1 1.6418 DUE 12-19-2033 REG CUSIP: 1266 |
|
|
|
|
CMO GREENWHICH CAP COML FDG CORP SER 2003-C2 CL A3 4.533 DUE 01-050-036 REG CUSIP: |
|
|
|
|
CMO GS MTG SECS CORP II CMO PASSTHRU 2003-C1 CL A-2 3.819 1-10-40 BEO CUSIP: 36228CPS |
|
|
|
|
CMO LB-UBS COML MTG TR SER 2003-C5 CL A23.478 DUE 07-15-2027 REG CUSIP: 52108HSY1 |
|
|
|
|
CMO MERRILL LYNCH MTG TR MLMT 03-KEY1 A4 5.236 DUE 11-12-2035 BEO CUSIP: 59022HCQ3 |
|
|
|
|
CMO MORGAN STANLEY DEAN WITTER CAP I TR SER 2003-T11 CL A4 5.15 6-13-2041 REG CUSIP |
225,000.00 |
230,569.20 |
|
|
CONOCO FDG CO NT 5.45 DUE 10-15-2005/10-11-2001 BEO CUSIP 20825UAA2 |
45,000.00 |
48,280.32 |
|
|
CONOCO INC NT DTD 04/20/1999 6.95 DUE 04-15-2029/04-20-1999 BEO CUSIP 208251AE8 |
75,000.00 |
85,052.93 |
|
|
The Bausch & Lomb 401(k) Account Plan |
|||
|
Schedule of Assets Held for Investment Purposes at End of Year |
Schedule I |
||
|
For the Plan Year Ended December 31, 2003 |
Page 6 |
||
|
COUNTRYWIDE HOME LNS INC MEDIUM TERM NTS TR#00292 4.25 12-19-2007 BEO CUSIP: 22237LN |
|
|
|
CR SUISSE 1ST BSTN USA INC NT 5.5 DUE 08-15-2013 BEO CUSIP: 22541LAH6 |
40,000.00 |
41,220.60 |
|
CWABS INC SER 2003-4 CL A1 FLTG RATE 12-25-2019 REG CUSIP:126671H33 |
52,056.05 |
52,058.50 |
|
DAIMLERCHRYSLER AUTO TR 2003B AST BACKEONT CL A-4 2.86 DUE 03-09-2009 REG CUSIP: 23 |
|
|
|
DEER JOHN CAP CORP GLOBAL NT 4.5 DUE 08-22-2007 BEO CUSIP:244217BH7 |
35,000.00 |
36,621.87 |
|
DIAGO FIN NT 3 DUE 12-15-2006 BEO CUSIP 25244SAA9 |
40,000.00 |
40,209.24 |
|
FORTUNE BRANDS INC NT 2.875 DUE 12-01-2006 REG CUSIP: 349631AJ0 |
25,000.00 |
25,154.78 |
|
GEN DYNAMICS CORP NT 4.5 DUE 08-15-2010/08-14-2003 BEO CUSIP: 369550AL2 |
60,000.00 |
61,324.44 |
|
GEN ELEC CAP CORP MEDIUM TERM NTS BO TRANCHE # TR 00528 6.75 DUE 03-15-2032 CUSIP |
145,000.00 |
160,532.55 |
|
GEN ELEC CAP CORP MEDIUM TERM NTS BO TRANCHE # TR 00575 5.45 DUE 01-15-2013 CUSIP: |
55,000.00 |
57,217.99 |
|
GEN ELEC CO NT 5 DUE 02-01-2013 BEO CUSIP: 389604AY9 |
40,000.00 |
40,453.40 |
|
GEN ELEC CO NT FLTG RATE DUE 10-24-2005 REG CUSIP: 369604AZ6 |
125,000.00 |
125,043.75 |
|
GOLDMAN SACHS GROUP INC 6.125 DUE 02-15-2033/02-13-2003 BEO CUSIP: 38141GCU6 |
55,000.00 |
55,387.42 |
|
GOLDMAN SACHS GROUP INC FOR FUTURE EQTY USE 38143U NT 4.75 DUE 07-15-2013 BEO CUS |
35,000.00 |
34,109.99 |
|
HEWLETT PACKARD CO NT 7.15 DUE 06-15-2005/06-09-2000 BEO CUSIP: 428236AD5 |
35,000.00 |
37,629.34 |
|
HONDA AUTO RECEIVABLES 2003-4 OWNER TR SER 2003-4 CL A8 2.19 DUE 05-15-2007 REG CUS |
|
|
|
HSEHD FIN CORP CRP HI 7 DUE 05-15-2012 BEO CUSIP 441812JY1 |
30,000.00 |
34,211.04 |
|
HSED FIN CORP NT 6.5 DUE 11-15-2008 BEO CUSIP: 441812GD0 |
75,000.00 |
83,605.95 |
|
J P MORGAN CHASE & CO NT 6.75 DUE 02-01-2011 BEO CUSIP: 46625HAJ9 |
70,000.00 |
78,931.37 |
|
J P MORGAN CHASE & CO SUB NT DTD 08/17/1993 6.75 DUE 08-15-2008 BEO CUSIP 46625HAG5 |
85,000.00 |
95,643.36 |
|
KEYSPAN CORP 6.15 DUE 06-01-2006 BEO CUSIP: 49337WAD2 |
90,000.00 |
97,272.36 |
|
KOREA DEV BK NT 5.75 DUE 09-10-2013 REG CUSIP: 500630BG2 |
20,000.00 |
20,997.26 |
|
The Bausch & Lomb 401(k) Account Plan |
|||
|
Schedule of Assets Held for Investment Purposes at End of Year |
Schedule I |
||
|
For the Plan Year Ended December 31, 2003 |
Page 7 |
||
|
LEHMAN BROS HLDGS INC LEHMAN BROS HLDGS INC 4 DUE 01-22-2006 BEO CUSIP: 524908FD7 |
100,000.00 |
101,994.40 |
|
LEHMAN BROS HLDGS INC MEDIUM TERM NT TRANCHE # TR 00387 6.625 1-18-12 REG CUSIP: 52 |
35,000.00 |
39,498.06 |
|
MANUFACTURERS & TRADERS TR CO BUFFALO NY DUE 04-01-2013/04-01-2008 CUSIP 564 |
25,000.00 |
24,829.98 |
|
MASTR AST BACKED SECS TR SER 2003-WMC2 CL A3A VAR RT 03-25-2020 REG CUSIP: 57643LB |
42,459.27 |
42,446.02 |
|
MBNA CR CARD MASTER NT SER 2003-6 CL A6 2.75 DUE 10-15-2010/10-14-2010 REG CUSIP: 5 |
280,000.00 |
272,312.60 |
|
METLIFE INC 5 DUE 11-24-2013/11-23-2013 BEO CUSIP: 59156RAG3 |
40,000.00 |
39,717.60 |
|
METLIFE INC SR NT 6.5 DUE 12-15-2032/12-14-2032 BEO CUSIP: 59156RAE8 |
25,000.00 |
26,509.23 |
|
MORGAN STANLEY MORGAN STANLEY DEAN 7.25 DUE 04-01-2032/04-03-2002 BEO CUSIP: 61744 |
40,000.00 |
46,880.52 |
|
NATL CY CORP 3.2 DUE 04-01-2008 BEO CUSIP: 635405AN3 |
30,000.00 |
29,624.13 |
|
NATL RURAL UTILS COOP FIN CORP NT 2012 7025 DUE 03-01-2012/02-28-2012 BEO CUSIP: 637432 |
20,000.00 |
23,303.74 |
|
PEPSI BOTTLING GROUP INC GTD SR NT 7 DUE 03-01-2029/02-28-2029 BEO CUSIP: 713409AC4 |
175,000.00 |
200,555.08 |
|
PRAXAIR INC NT 2.75 DUE 06-15-2008/06-14-2008 BEO CUSIP: 74005PAM6 |
25,000.00 |
24,155.40 |
|
RESDNTL AST MTG PRODS INC 2003-RS9 MTG AST BKD PAASSTHR CL A-I-1 10-25-2022 REG CUSI |
56,735.60 |
56,735.50 |
|
RESDNTL FDG MTG SECS II INC 2003-HS3 HOME LN BKD NT CL A-I-1 07-25-2018 REG CUSIP: 761 |
67,594.66 |
67,560.52 |
|
ROYAL BK SCOTLAND GROUP PLC SUB NT 5 DUE 10-01-2014 BEO CUSIP: 780097AL5 |
85,000.00 |
84,227.18 |
|
ROYAL KPN NV 8 DUE 10-01-2010 CUSIP: 780641AG1 |
35,000.00 |
41,869.35 |
|
SCHERING PLOUGH CORP SR NT 6.5 DUE 12-01-2033/11-26-2003 REG SEDOL 808805AG6 |
60,000.00 |
62,414.16 |
|
STRUCTURED AST INVT LN TR SER 2003-BC7 CL1A1FLT RT 07-25-2033 REG SEDOL: 8635BECS |
78,397.52 |
78,344.52 |
|
US BK NATL ASSN CIN OH MEDIUM TRANCHE # TR 00189 2.85 DUE 11-15-2006 BEO CUSIP: 90331 |
70,000.00 |
70,338.06 |
|
US BK NATL ASSN MINNEAPOLIS MINN MEDIUMTRANCHE # SB 00001 6.375 8-1-11 REG CUSIP:90 |
65,000.00 |
72,472.79 |
|
The Bausch & Lomb 401(k) Account Plan |
|||
|
Schedule of Assets Held for Investment Purposes at End of Year |
Schedule I |
||
|
For the Plan Year Ended December 31, 2003 |
Page 8 |
||
|
UNITED HEALTH GROUP INC SR NT 3.3 DUE 01-30-2008/12-03-2003 REG CUSIP: 91324PAF9 |
45,000.00 |
44,793.09 |
|
|
VERIZON GLOBAL FDG CORP GLOBAL NT DTD 08/26/2002 7.375 DUE 09-01-2012 BEO CUSIP: 923 |
75,000.00 |
86,906.65 |
|
|
VERIZON WIRELESS CAP LLC NT 5.375 DUE 12-15-2006/11-12-2002 BEO CUSIP: 92344SAE0 |
55,000.00 |
58,690.61 |
|
|
VODAPHONE AIRTOUCH PLC FORMERLY VODAPHONE GRP PLC 6/28/1999 7.875 DUE 2-15-30 BEO C |
30,000.00 |
36,853.44 |
|
|
WA MUT FIN CORP SR NT 6.875 DUE 05-15-2011 BEO CUSIP: 939333AC4 |
90,000.00 |
103,327.11 |
|
|
WACHOVIA BK NATL ASSN MEDIUM TERM SUB BKTRANCHE # SB 00001 5 DUE 08-15-2015 CUSIP |
95,000.00 |
94,004.97 |
|
|
WORLD OMNI AUTO RECEIVABLES TR 2003 B AST BKO CTF CL A-3 2.2 01-15-2008 REG CUSIP |
45,000.00 |
45,029.25 |
|
|
WORLD OMNI AUTO RECEIVABLES TR 2003 B AST BKO CTF CL A-4 2.87 11-15-2010 REG CUSIP: 9 |
85,000.00 |
84,875.05 |
|
|
WYETH 6.5 DUE 02-01-2034 BEO CUSIP: 983024AG5 |
35,000.00 |
35,788.52 |
|
|
Total United States USD |
6,089,704.89 |
||
|
Total Corporate Debt Instruments Preferred |
6,089,704.89 |
||
|
Corporate Debt Instruments - Other |
|||
|
United States - USD |
|||
|
AMERADA HESS CORP NT 7.875 DUE 10-21-2029 BEO CUSIP: 023551AF1 |
55,000.00 |
60,344.85 |
|
|
ANTHEM INC NT 2009 6.8 DUE 08-01-2012 BEO CUSIP: 03674BAC8 |
30,000.00 |
33,884.37 |
|
|
AOL TIME WARNER IN DEB DTD 04/08/2002 7.7 DUE 05-01-2032 BEO CUSIP: 00184AAG0 |
60,000.00 |
70,026.36 |
|
|
AT&T BROADBAND CORP NT 9.455 DUE 11-15-2022 BEO CUSIP: 00209TAB1 |
40,000.00 |
54,178.44 |
|
|
AT&T CORP 8.05 USD SR NT DUE 11-15-2011/11-14-2011 BEO CUSIP: 001957BC2 |
25,000.00 |
28,774.50 |
|
|
AT&T WIRELESS SVCS INC SR NT 6.75 DUE 03-01-2031 BEO CUSIP: 00209AAF3 |
30,000.00 |
37,014.87 |
|
|
CAP 1 BK MEDIUM TERM SR BK NTS BOO TRANCHE # TR 00174 4.875 5-15-08 BEO CUSIP: 14040E |
110,000.00 |
113,206.83 |
|
|
CAROLINA PWR & LT CO NT 6.5 DUE 07-15-2012/07-14-2012 BEO CUSIP: 144141CS5 |
35,000.00 |
38,736.95 |
|
|
CIN GAS & ELEC CO DEB 5.7 DUE 09-15-2012 BEO CUSIP: 172070CN2 |
20,000.00 |
21,041.50 |
|
|
CITIZENS COMMUNICATIONS CO SR NT 9 DUE 08-15-2031 BEO CUSIP: 17453BAJ0 |
10,000.00 |
11,668.27 |
|
|
CLEAR CHANNEL COMMUNICATIONS INC 4.25 DUE 05-15-2009 BEO CUSIP: 184502AQ5 |
35,000.00 |
35,059.95 |
|
|
The Bausch & Lomb 401(k) Account Plan |
||||
|
Schedule of Assets Held for Investment Purposes at End of Year |
Schedule I |
|||
|
For the Plan Year Ended December 31, 2003 |
Page 9 |
|||
|
CLEAR CHANNEL COMMUNICATIONS INC NT 4.625 DUE 01-15-2008/01-14-2008 BEO CUSIP: 18450 |
45,000.00 |
46,415.52 |
||
|
CMO LB-UBS COML MTG TR 2001-C2 PASSTHRU CTF CL A-2 6 6.653 11-15-2027 BEO CUSIP: 52108H |
|
|
||
|
COMCAST CABLE COMMUNICATIONS INC 6.2 DUE 11-15-2003 BEO CUSIP: 20029PAJ8 |
80,000.00 |
87,789.12 |
||
|
COMCAST CORP NEW COMCAST COPR 7.05 DUE 03-15-2033/03-14-2033 BEO CUSIP: 20030NAC5 |
25,000.00 |
27,195.83 |
||
|
COX COMMUNICATIONS INC NEW NT 2012 7.125 DUE 10-01-2012 BEO CUSIP: 224044BE6 |
30,000.00 |
34,602.39 |
||
|
CSX CORP 7.95 E-DOLLR DEB DUE 05-01-2027 BEO CUSIP: 126408BM4 |
50,000.00 |
60,636.95 |
||
|
DAIMLER CHRYSLER N AMER HLDG CORP 4.75 MAT 1/15/08 4.75 DUE 01-15-08 BEO CUSIP: 23383 |
60,000.00 |
61,388.22 |
||
|
DEUTCHE TELEKOM INTL FIN B V GTD NT 8.75 DUE 06-15-2030 BEO CUSIP: 25156PAC7 |
65,000.00 |
83,032.62 |
||
|
DEVON FING CORP U L DEB 7.875 DUE 09-30-2031/09-29-2031 BEO CUSIP: 25179SAD2 |
70,000.00 |
83,622.14 |
||
|
DOMINION RES INC VA NEW DOMINION 5 DUE 03-15-2013/02-14-2013 BEO CUSIP: 25746UAM1 |
35,000.00 |
34,836.94 |
||
|
EOP OPER LTD PARTNERSHIP EOP OPER LP 5.875 DUE 01-15-2013/01-15-2003 BEO CUSIP: 26876 |
30,000.00 |
31,318.47 |
||
|
ERP OPER LTD PARTNERSHIP ERP OPER 5.2 DUE 04-01-2013 BEO CUSIP: 26884AAQ6 |
25,000.00 |
25,157.03 |
||
|
FORD MTR CO DEL GLOBAL LANDMARK SECS-GLOBLS 7.45 DUE 07-16-2031 BEO CUSIP: 345370CA |
|
|
||
|
FORD MTR CO FORD MTR CR CO CPN 6.5 MAT 1/25/07 6.5 DUE 01-25-2007 BEO CUSIP: 345397T |
|
|
||
|
FORD MTR CR CO NT 7 DUE 10-01-2013 CUSIP: 345397TZ6 |
90,000.00 |
94,921.11 |
||
|
FORD MTR CR CO NT 7.375 DUE 10-28-2009 BEO CUSIP: 345397SN6 |
35,000.00 |
38,435.64 |
||
|
FRANCE TELECOM SA NT STEP UP 03-01-2035 02-28-2031 CUSIP: 35177PAL1 |
15,000.00 |
19,930.13 |
||
|
GEN MTRS ACCEPT CORP GM 6 DUE 11-01-2031 BEO CUSIP: 370426RZ5 |
20,000.00 |
22,459.34 |
||
|
GEN MTRS ACCEPT CORP NT DTD 09/12/2001 6.675 DUE 09-15-2011 BEO CUSIP: 370425RX0 |
105,000.00 |
113,098.34 |
||
|
GEN MTRS CORP SR NT 8.375 DUE 07-15-2033 REG CUSIP: 370442BT1 |
80,000.00 |
92,865.04 |
||
|
HLTH NET INC SR NT 8.375 DUE 04-15-2011 BEO CUSIP: 42222GAC2 |
25,000.00 |
30,089.28 |
||
|
HUMANA INC 6.3 DUE 08-01-2018 BEO CUSIP: 444859AU6 |
40,000.00 |
42,108.40 |
||
|
INTL PAPER CO NT 5.85 DUE 10-30-2012 BEO CUSIP:4610416BQ5 |
30,000.00 |
31,254.81 |
||
|
INTL PAPER CO NT DTD 08/27/2001 6.75 DUE 09-01-2011/08-31-2011 BEO CUSIP: 460146BN2 |
25,000.00 |
27,794.35 |
||
|
The Bausch & Lomb 401(k) Account Plan |
||||
|
Schedule of Assets Held for Investment Purposes at End of Year |
Schedule I |
|||
|
For the Plan Year Ended December 31, 2003 |
Page 10 |
|||
|
KELLOGG CO 2.875 DUE 06-01-2008/05-31-2008 BEO CUSIP: 487836AY4 |
35,000.00 |
33,794.53 |
||
|
KRAFT FOODS INC 5.25 DUE 10-01-2013 BEO CUSIP: 50075NAL8 |
55,000.00 |
55,495.72 |
||
|
LENFEST COMMUNICATIONS INC 8.375 DUE 11-01-2005 REG CUSIP: 526055AA6 |
50,000.00 |
55,104.40 |
||
|
LENNAR CORP LENNAR CORP 5.95 03-01-2013 BEO CUSIP 526057AG9 |
15,000.00 |
15,695.34 |
||
|
LIBERTY MEDIA CORP NEW LIBERTY MEDIA 5.7 DUE 05-15-2013 BEO CUSIP: 530718AC9 |
60,000.00 |
60,675.90 |
||
|
MBNA CORP SR MEDIUM TERM NTS BOOK ENTRY NT 4.625 DUE 09-15-2008 BEO CUSIP: 55283EC |
|
|
||
|
MIDAMERICA ENERGY HLDGS CO NEW SR NT 5.875 DUE 10-01-2012/09-30-2012 BEO CUSIP: 59 |
25,000.00 |
26,213.25 |
||
|
NEWS AMER HLDGS INC 9.25 DUE 02-01-2013 REG CUSIP: 652478AH1 |
45,000.00 |
58,050.14 |
||
|
NISOURCE FIN CORP GTD NT DTD 11/14/2000 7.875 DUE 11-15-2010 BEO CUSIP: 65473QAJ2 |
30,000.00 |
35,681.73 |
||
|
OH PWR CO SR NT SER I 6.375 DUE 07-15-2033/07-15-2013 REG CUSIP: 677415CJ8 |
35,000.00 |
34,997.34 |
||
|
PUB SVC CO OF CO 1ST COLL TR BD SER NO 87.875 DUE 10-01-2012 BEO CUSIP: 74444BBU4 |
25,000.00 |
30,342.45 |
||
|
RAYTHEON CO 4.85 DUE 01-15-2011/01-14-2011 BEO CUSIP: 755111BQ3 |
55,000.00 |
55,072.66 |
||
|
SAFEWAY INC 7.25 DUE 02-01-2031/01-31-2031 BEO SEDOL: 786514BA6 |
30,000.00 |
32,928.39 |
||
|
SLM CORP MEDIUM TERM NTS BOOK ENTRY 5.625 DUE 08-01-2033 SEDOL: 78442FAZ1 |
120,000.00 |
113,837.88 |
||
|
SPRINT CAP CORP NT 7.625 DUE 01-30-2011 BEO SEDOL: 852060AJ1 |
85,000.00 |
95,279.65 |
||
|
SPRINT CAP CORP NY 8.75 DUE 03-15-2032 BEO SEDOL: 852060AT9 |
60,000.00 |
70,883.40 |
||
|
TELEFONOS DE MEX S A NT DTD 01/26/2001 8.25 DUE 01-26-2006 BEO CUSIP 879403AJ2 |
40,000.00 |
44,103.20 |
||
|
TIME WARNER ENTMT CO L P 8.375 DUE 03-15-2023 REG CUSIP 88731EAF7 |
110,000.00 |
136,302.65 |
||
|
VALERO ENERGY CORP NEW VALERO NEW DEAL 30 YR 7.5 DUE 04-15-2032/04-14-2032 |
35,000.00 |
39,006.45 |
||
|
VORNADO RLTY TR SR NT 5.625 DUE 06-15-2007/06-14-2007 BEO CUSIP: 929042AA7 |
35,000.00 |
37,367.56 |
||
|
VORNADO RLTY TR SR UNSECD NT 4.75 DUE 12-01-2010/11-30-2010 BEO CUSIP: 929042AB5 |
45,000.00 |
45,004.73 |
||
|
WASTE MGMT INC DEL SR NT 6.675 DUE 05-15-2009 BEO CUSIP: 94106LAE9 |
50,000.00 |
55,889.10 |
||
|
WEYERHAEUSER CO DEB 7.375 DUE 03-15-2032 BEO CUSIP: 962166BR4 |
30,000.00 |
32,619.06 |
||
|
XCEL ENERGY INC SR NT 7 DUE 12-01-2010 BEO CUSIP: 98388MAA5 |
30,000.00 |
34,018.50 |
||
|
Total United States - USD |
3,190,888.30 |
|||
|
Total Corporate Debt Instruments - Other |
3,190,888.30 |
|||
|
Value of Interest in Common/Collective Trusts |
||||
|
United States - USD |
||||
|
The Bausch & Lomb 401(k) Account Plan |
|||||
|
Schedule of Assets Held for Investment Purposes at End of Year |
Schedule I |
||||
|
For the Plan Year Ended December 31, 2003 |
Page 11 |
||||
|
COLTV SHORT TERM INVT FD CUSIP: 195998AC3 |
6,815,317.97 |
6,815,317.97 |
|||
|
Total United States - USD |
6,815,317.97 |
||||
|
Total Value of Interest in Common/Collective Trusts |
6,815,317.97 |
||||
|
Other |
|||||
|
United States - USD |
|||||
|
ITALY REP REP OF ITALY 2.5 DUE 03-31-2005 REG CUSIP: 465410BE7 |
290,000.00 |
290,803.88 |
|||
|
NORMURA AST SECS CORP SER 1998-D6 CL A1B 6.59 PASS THRU CTF DUE 08-15-2030 CUSIP: 655 |
185,000.00 |
207,024.07 |
|||
|
QUE PROV CDA PROV DE QUE GLOBAL NE 7.5 DUE 09-15-2029 BEO CUSIP: 748148QR7 |
5,000.00 |
6,227.85 |
|||
|
UNITED MEXICAN STS MEDIUM TERM NTS BOOK ENTRY TRANCHE# TR 00008 01/14/02 7.5 CUSIP |
110,000.00 |
124,080.00 |
|||
|
UTD MEXICAN STS MEDIUM TERM NTS BOOK 08-15-2031 BEO CUSIP: 91066QAG3 |
170,000.00 |
172,125.00 |
|||
|
Total United States - USD |
800,260.80 |
||||
|
Total Other |
800,260.80 |
||||
|
Other Liabilities |
|||||
|
Pending trade purchases: United States dollar |
0.00 |
(6,725,800.90) |
|||
|
United States - USD |
|||||
|
Subtotal |
23,325,996.60 |
||||
|
Underlying Securities (Clover Capital): |
|||||
|
U.S. Government Securities |
|||||
|
United States - USD |
|||||
|
FHLMC MULTICLASS SER 2522 CL PB 4.75 11-14-2014 CUSIP: 31393F4L7 |
1,249,99.99 |
1,271,744.99 |
|||
|
FNMA MTN 6.31 11-01-2004 CUSIP: 31364C5A2 |
750,000.00 |
780,980.25 |
|||
|
FNMA POOL # 254759 4.5 06-01-2018 BEO CUSIP: 31371K5U1 |
1,127,940.13 |
1,130,526.75 |
|||
|
FNMA POOL # 535301 6.5 DUE 04-01-2015 REG CUSIP: 31384VU26 |
184,850.67 |
196,106.40 |
|||
|
FNMA POOL # 694431 5 DUE 03-01-2018 REG CUSIP: 31400QPQO |
1,244,986.36 |
1,271,399.54 |
|||
|
The Bausch & Lomb 401(k) Account Plan |
||
|
Schedule of Assets Held for Investment Purposes at End of Year |
Schedule I |
|
|
For the Plan Year Ended December 31, 2003 |
Page 12 |
|
|
FNMA PREASSIGN 00599 4.5 07-25-2015 CUSIP: 31393BC86 |
1,000,000.00 |
995,737.00 |
|
FNMA REMIC TR SER 1993-137 CL E 6.75 GTDMTG PASS THRU CTF DUE 02-25-2006 REG CUSIP: |
1,000,000.00 |
1,009,919.00 |
|
FNMA REMIC TR SER 1993-191 CL PH 6.00 GTD MTG PASS THRU CTF DUE 05-25-2008 REG CUSIP |
|
|
|
GNMA POOL #482674 SER 2028 6.5 DUE 10-15-2026 REG CUSIP: 36209VJH8 |
220,599.88 |
232,920.38 |
|
GNMA POOL #593974 SER 2032 6.5 DUE 05-15-2032 REG CUSIP: 36223HFPO |
605,525.25 |
638,401.03 |
|
GNMA POOL #553328 4.5 07-15-2018 BEO CUSIP 36213FVV2 |
484,318.67 |
486,874.42 |
|
GNMA POOL # 569799 SER 2032 7 DUE 05-15-2032 REG CUSIP: 36200Q7L2 |
196,177.66 |
209,066.36 |
|
GNMA POOL # 570400 SER 2032 6.5 DUE 09-15-2031 REG CUSIP: 36200RUZ3 |
142,860.90 |
150,695.11 |
|
GNMA POOL # 781029 SER 2029 6.5 DUE 05-15-2029 REG CUSIP: 36225BEA2 |
198,221.45 |
209,261.99 |
|
GNMA POOL #781096 SER 2028 6.5 DUE12-15-2028 REG CUSIP: 38225BGD4 |
124,073.64 |
131,009.60 |
|
GNMA POOL #781207 SER 2030 7.5 DUE 08-15-2030 REG CUSIP: 36225BKU1 |
54,499.17 |
58,505.02 |
|
GNMA POOL #781231 SER2030 7 DUE 12-15-2030 REG CUSIP: 3622BLL0 |
204,086.91 |
217,768.57 |
|
GNMA POOL # 781276 SER 2031 6.5 DUE 04-15-2031 REG CUSIP: 36225BMZ6 |
109,355.76 |
115,413.19 |
|
STUD LN MARKETING ASSN 10-03-2022 REG CUSIP: 863b71AM1 |
1,500.000.00 |
493,561.50 |
|
US TREAS BD STRIPPED PRIN PMT 05-15-2020 REG CUSIP: 912803AT0 |
1,350,000.00 |
545,142.40 |
|
US TREAS BDS 7 1/4 15/8/2022 USD1000 7.25 DUE 08-15-2022 EG CUSIP: 912810M6 |
600,000.00 |
757,242.00 |
|
US TREAS BDS 7.5 11/15/2016 USD1000 7.5 DUE 11-15-2016 REG CUSIP: 912810DX3 |
1,750,000.00 |
2,227,968.75 |
|
US TREAS BDS DTD 08/15/1997 6.375 DUE 08-15-2027 REG CUSIP: 912810FAI |
400,000.00 |
464,562.40 |
|
US TREAS NTS DTD 10/31/2002 2.725 DUE 10-31-2004 REG CUSIP: 912828AM2 |
1,250,000.00 |
1,259,716.25 |
|
Total United States - USD |
15,145,179.21 |
|
|
Total U.S. Government Securities |
15,145,179.21 |
|
|
Corporate Debt Instruments - Preferred |
||
|
United States - USD |
||
|
1ST DATA CORP MEDIUM TERM NTS BOOK ENTRY 5.8 DUE 12-15-2008 BEO CUSIP: 32006YH5 |
|
|
|
1 ST DATA CORP 6.75 DUE 07-15-2005 REG CUSIP: 319963AEO |
250,000.00 |
268,724.75 |
|
ABBOTT LABS 6.4 DUE 12-01-2006 REG CUSIP: 002824AH3 |
1,000,000.00 |
1,109,965.00 |
|
EMERSON ELEC CO EMERSON ELEC 7.125 DUE 08-15-2010 BEO CUSIP: 291011AM6 |
1,250,000.00 |
1,450,063.75 |
|
SYSCO 6.5 NT DUE 06-15-2005 REG CUSIP: 871829AB3 |
1,000,000.00 |
1,066,957.00 |
|
The Bausch & Lomb 401(k) Account Plan |
||
|
Schedule of Assets Held for Investment Purposes at End of Year |
Schedule I |
|
|
For the Plan Year Ended December 31, 2003 |
Page 13 |
|
|
WALMART STROES INC NT 6.875 DUE 08-10-2009 BEO CUSIP: 931142BE2 |
1,285,000.00 |
1,480,382.97 |
|
Total United States - USD |
5,385,000.00 |
6,035,063.87 |
|
Total Corporate Debt Instruments Preferred |
6,035,063.87 |
|
|
Corporate Debt Instruments - Other |
||
|
United States - USD |
||
|
1ST COLL TR BD SER 14 4.375 DUE 10-01-2008/09-30-2008 REG CUSIP: 744448BWO |
500,000.00 |
513,018.00 |
|
DIAL CORP NEW ST NT DTD 08/09/2001 7 DUE 08-15-2006/08-14-2006 BEO CUSIP: 25247DAB7 |
700,000.00 |
774,663.40 |
|
PARKER & PARSLEY PETE CO DEL 8.875 BD DUE 04-15-2006 CUSIP: 701018AA1 |
250,000.00 |
267,562.25 |
|
PIONEER NAT RES CO 7.2 DUE 01-15-2028 REG CUSIP: 723787AB3 |
275,000.00 |
294,392.73 |
|
##ROADWAY CORP SR NT 8.25 DUE 12-01-2008 BEO DO NOT USE SEE SEC 4119144 CUSIP: 769742 |
|
|
|
THERMO ELECTRON CORP 7.625 DUE 10-30-2008 BEO CUSIP: 883556AG7 |
300,000.00 |
342,674.10 |
|
VA ELEC & PWR CO CALL & PUTTABLE ENHANCED SECS 4.1 DUE 12-15-2038 REG CUSIP: 927804 |
|
|
|
XTO ENERGY INC SR NT 7.5 DUE 04-15-2012/04-14-2012 BEO CUSIP: 98385XAA4 |
|
|
|
Total United States - USD |
3,561,109.48 |
|
|
Value of Interest in Common/Collective Trusts |
||
|
United States - USD |
||
|
Total United States - USD |
3,305,000.00 |
3,561,109.48 |
|
Value of Interest in Common/Collective Trusts |
||
|
United States - USD |
||
|
COLTV GOVT STIF REG CUSIP: 195998BD0 |
209,129.81 |
209,129.81 |
|
Total United States - USD |
209,129.81 |
|
|
Total Value of Interest in Common/Collective Trusts |
209,129.81 |
|
|
Other Liabilities |
||
|
Bausch & Lomb for Clover Capital |
(1.00) |
(1,233,638.70) |
|
Subtotal |
23,716,843.67 |
|
|
The Bausch & Lomb 401(k) Account Plan |
||
|
Schedule of Assets Held for Investment Purposes at End of Year |
Schedule I |
|
|
For the Plan Year Ended December 31, 2003 |
Page 14 |
|
|
Underlying Securities (MAS): |
||
|
Value of Interest in Common/Collective Trusts |
||
|
USD - United States Dollar |
||
|
United States - USD |
||
|
COLTV SHORT TERM INVT FD CUSIP: 195998AC3 |
279.07 |
279.07 |
|
Total United States - USD |
279.07 |
|
|
Total Value of Interest in Common/Collective Trusts |
279.07 |
|
|
Value of Interest in Registered Investment Companies |
||
|
United States - USD |
||
|
MFO MORGAN STANLEY INSTL FD FXD INC 11 PORTFOLIO INSTL CL CUSIP: 617440805 |
99,122.88 |
1,130,000.83 |
|
Total United States - USD |
1,130,000.83 |
|
|
Total Value of Interest in Registered Investment Companies |
1,130,000.83 |
|
|
Other |
||
|
United Sates - USD |
||
|
&&&MAS BAUSCH & LOMB CUSIP 0000958969 |
374,924.99 |
|
|
Total United States - USD |
374,924.99 |
|
|
Total Other |
374,924.99 |
|
|
Subtotal |
|
|
|
Total Value $48,211,630.70; Wrapper $336,413.67 |
48,548,044.37 |
|
|
Total Investments |
323,327,256.80 |
|
|
* Represents synthetic investment contract whereby assets are placed in a trust (with ownership by the Plan) and a third party issues a wrapper contractthat provides that holders can, and must, execute transactions at contract value. |
||
Signature
The Bausch & Lomb 401(k) Account Plan. Pursuant to the requirements of the Securities Exchange Act of 1934, the Employee Benefits Administration Committee of Bausch & Lomb Incorporated has duly caused this annual report to be signed on its behalf by the undersigned hereunto duly authorized.
The Bausch & Lomb 401(k) Account Plan
(Name of Plan)
Date: June 28, 2004
By:
/s/
David Nachbar
Exhibit Index
|
EX-23 |
Consent of PricewaterhouseCoopers LLP (filed herewith). |