XML 80 R65.htm IDEA: XBRL DOCUMENT v3.22.2
FINANCING ARRANGEMENTS - Summary of Consolidated Long-term Debt (Details) - USD ($)
$ in Millions
Jun. 30, 2022
Feb. 10, 2022
Dec. 31, 2021
Jun. 08, 2021
Long-term debt, net of unamortized debt discount        
Principal Amount $ 22,056   $ 22,870  
Total long-term debt 21,814   22,654  
Less: Current portion of long-term debt 150   0  
Non-current portion of long-term debt 21,664   22,654  
Term Loan B Facility Due June 2025        
Long-term debt, net of unamortized debt discount        
Principal Amount 0   2,829  
Total long-term debt 0   2,772  
Term Loan B Facility Due November 2025        
Long-term debt, net of unamortized debt discount        
Principal Amount 0   994  
Total long-term debt 0   984  
Term Loan B Facility Due February 2027        
Long-term debt, net of unamortized debt discount        
Principal Amount 2,500   0  
Total long-term debt 2,448   0  
Term Facility Due May 2027 | Bausch + Lomb        
Long-term debt, net of unamortized debt discount        
Principal Amount 2,500   0  
Total long-term debt $ 2,446   0  
Senior Secured Notes | 5.50% Senior Notes Due November 2025        
Long-term debt, net of unamortized debt discount        
Stated interest rate on debt (as a percent) 5.50%      
Principal Amount $ 1,750   1,750  
Total long-term debt $ 1,740   1,739  
Senior Secured Notes | 6.125% Senior Notes Due February 2027        
Long-term debt, net of unamortized debt discount        
Stated interest rate on debt (as a percent) 6.125% 6.125%    
Principal Amount $ 1,000   0  
Total long-term debt $ 986   0  
Senior Secured Notes | 5.75% Senior Notes Due August 2027        
Long-term debt, net of unamortized debt discount        
Stated interest rate on debt (as a percent) 5.75%      
Principal Amount $ 500   500  
Total long-term debt $ 496   495  
Senior Secured Notes | 4.875% Senior Notes Due June 2028        
Long-term debt, net of unamortized debt discount        
Stated interest rate on debt (as a percent) 4.875%     4.875%
Principal Amount $ 1,600   1,600  
Total long-term debt $ 1,581   1,580  
Senior Unsecured Notes | 6.125% Senior Notes Due April 2025        
Long-term debt, net of unamortized debt discount        
Stated interest rate on debt (as a percent) 6.125%      
Principal Amount $ 0   2,650  
Total long-term debt $ 0   2,640  
Senior Unsecured Notes | 9.00% Senior Notes Due December 2025        
Long-term debt, net of unamortized debt discount        
Stated interest rate on debt (as a percent) 9.00%      
Principal Amount $ 1,500   1,500  
Total long-term debt $ 1,485   1,482  
Senior Unsecured Notes | 9.25% Senior Notes Due April 2026        
Long-term debt, net of unamortized debt discount        
Stated interest rate on debt (as a percent) 9.25%      
Principal Amount $ 1,500   1,500  
Total long-term debt $ 1,490   1,489  
Senior Unsecured Notes | 8.50% Senior Notes Due January 2027        
Long-term debt, net of unamortized debt discount        
Stated interest rate on debt (as a percent) 8.50%      
Principal Amount $ 1,750   1,750  
Total long-term debt $ 1,754   1,754  
Senior Unsecured Notes | 7.00 % Senior Notes Due January 2028        
Long-term debt, net of unamortized debt discount        
Stated interest rate on debt (as a percent) 7.00%      
Principal Amount $ 748   750  
Total long-term debt $ 742   743  
Senior Unsecured Notes | 5.00% Senior Notes Due January 2028        
Long-term debt, net of unamortized debt discount        
Stated interest rate on debt (as a percent) 5.00%      
Principal Amount $ 1,176   1,250  
Total long-term debt $ 1,165   1,238  
Senior Unsecured Notes | 6.25% Senior Notes Due February 2029        
Long-term debt, net of unamortized debt discount        
Stated interest rate on debt (as a percent) 6.25%      
Principal Amount $ 1,406   1,500  
Total long-term debt $ 1,391   1,483  
Senior Unsecured Notes | 5.00% Senior Notes Due February 2029        
Long-term debt, net of unamortized debt discount        
Stated interest rate on debt (as a percent) 5.00%      
Principal Amount $ 834   1,000  
Total long-term debt $ 826   990  
Senior Unsecured Notes | 7.25 % Senior Notes Due May 2029        
Long-term debt, net of unamortized debt discount        
Stated interest rate on debt (as a percent) 7.25%      
Principal Amount $ 745   750  
Total long-term debt $ 738   742  
Senior Unsecured Notes | 5.25% Senior Notes Due January 2030        
Long-term debt, net of unamortized debt discount        
Stated interest rate on debt (as a percent) 5.25%      
Principal Amount $ 1,201   1,250  
Total long-term debt $ 1,189   1,237  
Senior Unsecured Notes | 5.25% Senior Notes Due February 2031        
Long-term debt, net of unamortized debt discount        
Stated interest rate on debt (as a percent) 5.25%      
Principal Amount $ 909   1,000  
Total long-term debt 900   989  
Senior Unsecured Notes | Other        
Long-term debt, net of unamortized debt discount        
Principal Amount 12   12  
Total long-term debt 12   12  
Revolving Credit Facility | Revolving Credit Facility Due June 2023        
Long-term debt, net of unamortized debt discount        
Principal Amount 0   285  
Total long-term debt 0   285  
Revolving Credit Facility | Revolving Credit Facility Due February 2027        
Long-term debt, net of unamortized debt discount        
Principal Amount 425   0  
Total long-term debt 425   0  
Revolving Credit Facility | Revolving Credit Facility Due May 2027 | Bausch + Lomb        
Long-term debt, net of unamortized debt discount        
Principal Amount 0   0  
Total long-term debt $ 0   $ 0