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SHARE-BASED COMPENSATION (Tables) | 6 Months Ended
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Jun. 30, 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 and six months ended June 30, 2023 and 2022:
|  | Three Months Ended June 30, |  | Six Months Ended June 30,
(in millions) |  | 2023 |  | 2022 |  | 2023 |  | 2022
Stock options |  | $ | 4 |  |  | $ | 3 |  |  | $ | 10 |  |  | $ | 7 |
RSUs |  | 29 |  |  | 23 |  |  | 64 |  |  | 51 |
|  | $ | 33 |  |  | $ | 26 |  |  | $ | 74 |  |  | $ | 58 |
Research and development expenses |  | $ | 2 |  |  | $ | 3 |  |  | $ | 5 |  |  | $ | 6 |
Selling, general and administrative expenses |  | 31 |  |  | 23 |  |  | 69 |  |  | 52 |
|  | $ | 33 |  |  | $ | 26 |  |  | $ | 74 |  |  | $ | 58 |
Summary of share-based awards | Share-based awards granted for the six months ended June 30, 2023 and 2022 consist of:
| 2023 |  | 2022
Bausch Health Share-Based Awards |  |  |
Stock options |  |  |
Granted | 999,000 |  |  | 2,570,000 |
Weighted-average exercise price | $ | 9.25 |  |  | $ | 23.95 |
Weighted-average grant date fair value | $ | 4.87 |  |  | $ | 6.60 |
Time-based RSUs |  |  |
Granted | 4,667,000 |  |  | 2,680,000 |
Weighted-average grant date fair value | $ | 9.06 |  |  | $ | 18.49 |
Adjusted Operating Cash Flow performance-based RSUs |  |  |
Granted | 647,000 |  |  | — |
Weighted-average grant date fair value | $ | 10.57 |  |  | $ | — |
ROTC performance-based RSUs |  |  |
Granted | — |  |  | 369,000 |
Weighted-average grant date fair value | $ | — |  |  | $ | 9.40 |
Bausch+ Lomb Share-Based Awards |  |  |
Stock options |  |  |
Granted | 3,130,000 |  |  | 6,455,000 |
Weighted-average exercise price | $ | 18.16 |  |  | $ | 18.00 |
Weighted-average grant date fair value | $ | 5.40 |  |  | $ | 4.55 |
RSUs |  |  |
Granted | 2,888,000 |  |  | 3,207,000 |
Weighted-average grant date fair value | $ | 17.97 |  |  | $ | 17.92 |
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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