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SHARE-BASED COMPENSATION (Tables)

6 Months Ended

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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Tabular disclosure of cost recognized for award under share-based payment arrangement by plan. Includes, but is not limited to, related tax benefit.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 718
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (h)(1)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480429/718-10-50-2

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Tabular disclosure of activity for award under share-based payment arrangement. Includes, but is not limited to, outstanding award at beginning and end of year, granted, exercised, forfeited, and weighted-average grant date fair value.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 718
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (c)(2)
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-Name Accounting Standards Codification
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