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SHARE-BASED COMPENSATION (Tables) | 9 Months Ended
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Sep. 30, 2022
Share-Based Payment Arrangement [Abstract] |
Summary of the components and classification of share-based compensation expense | The following table summarizes the components and classification of the Company's share-based compensation expenses related to stock options and RSUs for the three and nine months ended September 30, 2022 and 2021:
|  | Three Months Ended September 30, |  | Nine Months Ended September 30,
(in millions) |  | 2022 |  | 2021 |  | 2022 |  | 2021
Stock options |  | $ | 3 |  |  | $ | 4 |  |  | $ | 10 |  |  | $ | 11 |
RSUs |  | 30 |  |  | 29 |  |  | 81 |  |  | 84 |
|  | $ | 33 |  |  | $ | 33 |  |  | $ | 91 |  |  | $ | 95 |
Research and development expenses |  | $ | 3 |  |  | $ | 2 |  |  | $ | 9 |  |  | $ | 7 |
Selling, general and administrative expenses |  | 30 |  |  | 31 |  |  | 82 |  |  | 88 |
|  | $ | 33 |  |  | $ | 33 |  |  | $ | 91 |  |  | $ | 95 |
Summary of share-based awards | Share-based awards granted for the nine months ended September 30, 2022 and 2021 consist of:
| 2022 |  | 2021
Bausch Health Share-Based Awards |  |  |
Stock options |  |  |
Granted | 2,570,000 |  |  | 1,497,000 |
Weighted-average exercise price | $ | 23.95 |  |  | $ | 32.44 |
Weighted-average grant date fair value | $ | 6.60 |  |  | $ | 11.11 |
Time-based RSUs |  |  |
Granted | 6,151,000 |  |  | 3,119,000 |
Weighted-average grant date fair value | $ | 11.76 |  |  | $ | 31.93 |
TSR performance-based RSUs |  |  |
Granted | — |  |  | 400,000 |
Weighted-average grant date fair value | $ | — |  |  | $ | 56.04 |
ROTC performance-based RSUs |  |  |
Granted | 369,000 |  |  | 413,000 |
Weighted-average grant date fair value | $ | 9.40 |  |  | $ | 31.72 |
B+L Separation performance-based RSUs |  |  |
Granted | — |  |  | 222,000 |
Weighted-average grant date fair value | $ | — |  |  | $ | 28.49 |
Bausch+ Lomb Share-Based Awards |  |  |
Stock options |  |  |
Granted | 6,455,000 |  |  | — |
Weighted-average exercise price | $ | 18.00 |  |  | $ | — |
Weighted-average grant date fair value | $ | 4.55 |  |  | $ | — |
Time-based RSUs |  |  |
Granted | 4,205,000 |  |  | — |
Weighted-average grant date fair value | $ | 17.22 |  |  | $ | — |

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