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SUBSEQUENT EVENTS | 6 Months Ended
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Jun. 30, 2023
Subsequent Events [Abstract] |
SUBSEQUENT EVENTS | SUBSEQUENT EVENTS Acquisition of Blink® Product Line In July 2023, Bausch + Lomb entered into a purchase agreement with Johnson & Johnson Vision to acquire its Blink® product line of eye and contact lens drops. This acquisition was made by Bausch + Lomb to continue to grow its global over-the-counter business. Under the terms of the agreement, Bausch + Lomb, through its affiliate, agreed to acquire the Blink® product line of eye and contact lens drops for an upfront cash payment of $107 million. As this transaction closed during July 2023, Bausch + Lomb is still finalizing the allocation of the purchase price to the individual assets acquired and liabilities assumed. Accounts Receivable Credit Facility During the period July 1, 2023 through August 3, 2023, the Company has drawn $350 million, in the aggregate, of borrowings under its AR Credit Facility. 2027 Revolving Credit Facility During July 2023, the Company repaid the outstanding amount under its 2027 Revolving Credit Facility.

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- Definition The entire disclosure for significant events or transactions that occurred after the balance sheet date through the date the financial statements were issued or the date the financial statements were available to be issued. Examples include: the sale of a capital stock issue, purchase of a business, settlement of litigation, catastrophic loss, significant foreign exchange rate changes, loans to insiders or affiliates, and transactions not in the ordinary course of business. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 855 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//855/tableOfContent Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 855 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147483399/855-10-50-2 + Details
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