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SUBSEQUENT EVENTS
6 Months Ended
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.