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v3.22.2.2

FINANCING ARRANGEMENTS - Exchange Offer (Details) - USD ($) |  |  | 1 Months Ended | 3 Months Ended | 9 Months Ended
--- | --- | --- | --- | --- | ---
May 10, 2022 | Jun. 08, 2021 | Sep. 30, 2022 | Jun. 30, 2022 | Sep. 30, 2022 | Sep. 30, 2021 | Sep. 30, 2022 | Sep. 30, 2021
Extinguishment of Debt [Line Items] |  |  |  |  |  |  |  |
Gain (loss) on extinguishment of debt | $ (63,000,000) | $ (38,000,000) |  |  | $ 570,000,000 | $ (12,000,000) | $ 683,000,000 | $ (62,000,000)
Bausch + Lomb |  |  |  |  |  |  |  |
Extinguishment of Debt [Line Items] |  |  |  |  |  |  |  |
Ownership percentage |  |  | 89.00% |  | 89.00% |  | 89.00% |
Bausch + Lomb | Intermediate Holdco |  |  |  |  |  |  |  |
Extinguishment of Debt [Line Items] |  |  |  |  |  |  |  |
Ownership percentage |  |  | 38.60% |  | 38.60% |  | 38.60% |
Exchange Offer |  |  |  |  |  |  |  |
Extinguishment of Debt [Line Items] |  |  |  |  |  |  |  |
Gain (loss) on extinguishment of debt |  |  |  |  | $ 570,000,000 |  |  |
Third party fees |  |  |  |  | $ 25,000,000 |  |  |
Exchange Offer | Bausch + Lomb | Intermediate Holdco |  |  |  |  |  |  |  |
Extinguishment of Debt [Line Items] |  |  |  |  |  |  |  |
Ownership percentage |  |  | 38.60% |  | 38.60% |  | 38.60% |
Unsecured Notes |  |  |  |  |  |  |  |
Extinguishment of Debt [Line Items] |  |  |  |  |  |  |  |
Aggregate principal amount of debt exchanged |  |  |  | $ 481,000,000 |  |  |  |
Gain (loss) on extinguishment of debt |  |  | $ 570,000,000 | $ 176,000,000 |  |  |  |
Unsecured Notes | Exchange Offer |  |  |  |  |  |  |  |
Extinguishment of Debt [Line Items] |  |  |  |  |  |  |  |
Aggregate principal amount of debt exchanged |  |  | $ 5,594,000,000 |  | $ 5,594,000,000 |  | $ 5,594,000,000 |
Unsecured Notes | 9.25% Senior Notes due 2026 |  |  |  |  |  |  |  |
Extinguishment of Debt [Line Items] |  |  |  |  |  |  |  |
Stated interest rate on debt (as a percent) |  |  | 9.25% |  | 9.25% |  | 9.25% |
Unsecured Notes | 9.25% Senior Notes due 2026 | Exchange Offer |  |  |  |  |  |  |  |
Extinguishment of Debt [Line Items] |  |  |  |  |  |  |  |
Aggregate principal amount of debt exchanged |  |  | $ 752,000,000 |  | $ 752,000,000 |  | $ 752,000,000 |
Stated interest rate on debt (as a percent) |  |  | 9.25% |  | 9.25% |  | 9.25% |
Unsecured Notes | 8.50% Senior Notes due 2027 |  |  |  |  |  |  |  |
Extinguishment of Debt [Line Items] |  |  |  |  |  |  |  |
Stated interest rate on debt (as a percent) |  |  | 8.50% |  | 8.50% |  | 8.50% |
Unsecured Notes | 8.50% Senior Notes due 2027 | Exchange Offer |  |  |  |  |  |  |  |
Extinguishment of Debt [Line Items] |  |  |  |  |  |  |  |
Aggregate principal amount of debt exchanged |  |  | $ 1,099,000,000 |  | $ 1,099,000,000 |  | $ 1,099,000,000 |
Stated interest rate on debt (as a percent) |  |  | 8.50% |  | 8.50% |  | 8.50% |
Unsecured Notes | 5.00% Senior Notes due 2028 |  |  |  |  |  |  |  |
Extinguishment of Debt [Line Items] |  |  |  |  |  |  |  |
Stated interest rate on debt (as a percent) |  |  | 5.00% |  | 5.00% |  | 5.00% |
Unsecured Notes | 5.00% Senior Notes due 2028 | Exchange Offer |  |  |  |  |  |  |  |
Extinguishment of Debt [Line Items] |  |  |  |  |  |  |  |
Aggregate principal amount of debt exchanged |  |  | $ 710,000,000 |  | $ 710,000,000 |  | $ 710,000,000 |
Stated interest rate on debt (as a percent) |  |  | 5.00% |  | 5.00% |  | 5.00% |
Unsecured Notes | 7.00% Senior Notes due 2028 |  |  |  |  |  |  |  |
Extinguishment of Debt [Line Items] |  |  |  |  |  |  |  |
Stated interest rate on debt (as a percent) |  |  | 7.00% |  | 7.00% |  | 7.00% |
Unsecured Notes | 7.00% Senior Notes due 2028 | Exchange Offer |  |  |  |  |  |  |  |
Extinguishment of Debt [Line Items] |  |  |  |  |  |  |  |
Aggregate principal amount of debt exchanged |  |  | $ 540,000,000 |  | $ 540,000,000 |  | $ 540,000,000 |
Stated interest rate on debt (as a percent) |  |  | 7.00% |  | 7.00% |  | 7.00% |
Unsecured Notes | 7.25% Senior Notes due 2029 |  |  |  |  |  |  |  |
Extinguishment of Debt [Line Items] |  |  |  |  |  |  |  |
Stated interest rate on debt (as a percent) |  |  | 7.25% |  | 7.25% |  | 7.25% |
Unsecured Notes | 7.25% Senior Notes due 2029 | Exchange Offer |  |  |  |  |  |  |  |
Extinguishment of Debt [Line Items] |  |  |  |  |  |  |  |
Aggregate principal amount of debt exchanged |  |  | $ 373,000,000 |  | $ 373,000,000 |  | $ 373,000,000 |
Stated interest rate on debt (as a percent) |  |  | 7.25% |  | 7.25% |  | 7.25% |
Secured Notes | Exchange Offer |  |  |  |  |  |  |  |
Extinguishment of Debt [Line Items] |  |  |  |  |  |  |  |
Aggregate principal amount issued |  |  | $ 3,125,000,000 |  | $ 3,125,000,000 |  | $ 3,125,000,000 |
Reduction of outstanding principal |  |  | 2,469,000,000 |  | 2,469,000,000 |  | 2,469,000,000 |
Debt instrument, premium |  |  | $ 1,835,000,000 |  | $ 1,835,000,000 |  | $ 1,835,000,000 |
Secured Notes | 11.00% First Lien Senior Notes, Due September 2028 |  |  |  |  |  |  |  |
Extinguishment of Debt [Line Items] |  |  |  |  |  |  |  |
Stated interest rate on debt (as a percent) |  |  | 11.00% |  | 11.00% |  | 11.00% |
Secured Notes | 11.00% First Lien Senior Notes, Due September 2028 | Exchange Offer |  |  |  |  |  |  |  |
Extinguishment of Debt [Line Items] |  |  |  |  |  |  |  |
Aggregate principal amount issued |  |  | $ 1,774,000,000 |  | $ 1,774,000,000 |  | $ 1,774,000,000 |
Stated interest rate on debt (as a percent) |  |  | 11.00% |  | 11.00% |  | 11.00% |
Secured Notes | 14.00% Second Lien Senior Notes, Due October 2030 |  |  |  |  |  |  |  |
Extinguishment of Debt [Line Items] |  |  |  |  |  |  |  |
Stated interest rate on debt (as a percent) |  |  | 14.00% |  | 14.00% |  | 14.00% |
Secured Notes | 14.00% Second Lien Senior Notes, Due October 2030 | Exchange Offer |  |  |  |  |  |  |  |
Extinguishment of Debt [Line Items] |  |  |  |  |  |  |  |
Aggregate principal amount issued |  |  | $ 352,000,000 |  | $ 352,000,000 |  | $ 352,000,000 |
Stated interest rate on debt (as a percent) |  |  | 14.00% |  | 14.00% |  | 14.00% |
Secured Notes | 9.00% Intermediate Holdco Senior Notes, Due January 2028 |  |  |  |  |  |  |  |
Extinguishment of Debt [Line Items] |  |  |  |  |  |  |  |
Stated interest rate on debt (as a percent) |  |  | 9.00% |  | 9.00% |  | 9.00% |
Secured Notes | 9.00% Intermediate Holdco Senior Notes, Due January 2028 | Exchange Offer |  |  |  |  |  |  |  |
Extinguishment of Debt [Line Items] |  |  |  |  |  |  |  |
Aggregate principal amount issued |  |  | $ 999,000,000 |  | $ 999,000,000 |  | $ 999,000,000 |
Stated interest rate on debt (as a percent) |  |  | 9.00% |  | 9.00% |  | 9.00% |

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