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SHARE-BASED COMPENSATION (Tables) | 6 Months Ended
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Jun. 30, 2023
Share-Based Payment Arrangement [Abstract] |
Summary of the components and classification of share-based compensation expense | The components and classification of share-based compensation expense related to stock options, PSUs and RSUs directly attributable to those employees specifically identified as Bausch + Lomb employees for the three and six months ended June 30, 2023 and 2022 were as follows:
|  | Three Months Ended June 30, |  | Six Months Ended June 30,
(in millions) |  | 2023 |  | 2022 |  | 2023 |  | 2022
Stock options |  | $ | 2 |  |  | $ | 1 |  |  | $ | 6 |  |  | $ | 2 |
PSUs/RSUs |  | 16 |  |  | 10 |  |  | 36 |  |  | 19 |
Share-based compensation expense |  | $ | 18 |  |  | $ | 11 |  |  | $ | 42 |  |  | $ | 21 |
Research and development expenses |  | $ | 3 |  |  | $ | 2 |  |  | $ | 4 |  |  | $ | 4 |
Selling, general and administrative expenses |  | 15 |  |  | 9 |  |  | 38 |  |  | 17 |
Share-based compensation expense |  | $ | 18 |  |  | $ | 11 |  |  | $ | 42 |  |  | $ | 21 |
Summary of share-based awards granted | Share-based awards granted for the six months ended June 30, 2023 and 2022 consist of:
| Six Months Ended June 30,
| 2023 |  | 2022
Stock options |  |  |
Granted | 3,130,000 |  |  | 6,455,000 |
Weighted-average exercise price | $ | 18.16 |  |  | $ | 18.00 |
Weighted-average grant date fair value | $ | 5.40 |  |  | $ | 4.55 |
RSUs |  |  |
Granted | 2,888,000 |  |  | 3,207,000 |
Weighted-average grant date fair value | $ | 17.97 |  |  | $ | 17.92 |
TSR performance-based RSUs |  |  |
Granted | 1,175,000 |  |  | — |
Weighted-average grant date fair value | $ | 27.65 |  |  | $ | — |
Organic Revenue Growth performance-based RSUs |  |  |
Granted | 142,000 |  |  | — |
Weighted-average grant date fair value | $ | 17.96 |  |  | $ | — |

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- Definition Tabular disclosure of share-based payment arrangement. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 50 -Paragraph 1 -SubTopic 10 -Topic 718 -Publisher FASB -URI https://asc.fasb.org//1943274/2147480429/718-10-50-1 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Publisher FASB -URI https://asc.fasb.org//1943274/2147480429/718-10-50-2 + Details
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- Definition Tabular disclosure of cost recognized for award under share-based payment arrangement by plan. Includes, but is not limited to, related tax benefit. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (h)(1) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480429/718-10-50-2 + Details
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