XML 82 R67.htm IDEA: XBRL DOCUMENT 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%