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SHARE-BASED COMPENSATION (Tables) | 3 Months Ended
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Mar. 31, 2023
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 months ended March 31, 2023 and 2022:
|  | Three Months Ended March 31, |  |
(in millions) |  | 2023 |  | 2022 |  |  |  |
Stock options |  | $ | 6 |  |  | $ | 4 |  |  |  |  |
RSUs |  | 35 |  |  | 28 |  |  |  |  |
|  | $ | 41 |  |  | $ | 32 |  |  |  |  |
Research and development expenses |  | $ | 3 |  |  | $ | 3 |  |  |  |  |
Selling, general and administrative expenses |  | 38 |  |  | 29 |  |  |  |  |
|  | $ | 41 |  |  | $ | 32 |  |  |  |  |
Summary of share-based awards | Share-based awards granted for the three months ended March 31, 2023 and 2022 consist of:
| 2023 |  | 2022
Bausch Health Share-Based Awards |  |  |
Stock options |  |  |
Granted | 999,000 |  |  | 2,545,000 |
Weighted-average exercise price | $ | 9.25 |  |  | $ | 24.08 |
Weighted-average grant date fair value | $ | 4.87 |  |  | $ | 6.63 |
Time-based RSUs |  |  |
Granted | 4,133,000 |  |  | 1,662,000 |
Weighted-average grant date fair value | $ | 9.18 |  |  | $ | 24.21 |
Adjusted Operating Cash Flow performance-based RSUs |  |  |
Granted | 647,000 |  |  | — |
Weighted-average grant date fair value | $ | 10.57 |  |  | $ | — |
Bausch+ Lomb Share-Based Awards |  |  |
Stock options |  |  |
Granted | 2,679,000 |  |  | — |
Weighted-average exercise price | $ | 18.27 |  |  | $ | — |
Weighted-average grant date fair value | $ | 5.52 |  |  | $ | — |
RSUs |  |  |
Granted | 2,358,000 |  |  | — |
Weighted-average grant date fair value | $ | 18.04 |  |  | $ | — |
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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