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SHARE-BASED COMPENSATION (Tables) | 3 Months Ended
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Mar. 31, 2024
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, 2024 and 2023:
|  | Three Months Ended March 31, |  |
(in millions) |  | 2024 |  | 2023 |  |  |  |
Stock options |  | $ | 3 |  |  | $ | 6 |  |  |  |  |
RSUs |  | 30 |  |  | 35 |  |  |  |  |
|  | $ | 33 |  |  | $ | 41 |  |  |  |  |
Research and development expenses |  | $ | 3 |  |  | $ | 3 |  |  |  |  |
Selling, general and administrative expenses |  | 30 |  |  | 38 |  |  |  |  |
|  | $ | 33 |  |  | $ | 41 |  |  |  |  |
Summary of share-based awards | Share-based awards granted for the three months ended March 31, 2024 and 2023 consist of:
| Three Months Ended March 31,
| 2024 |  | 2023
Bausch Health Share-Based Awards |  |  |
Stock options |  |  |
Granted | — |  |  | 999,000 |
Weighted-average exercise price | $ | — |  |  | $ | 9.25 |
Weighted-average grant date fair value | $ | — |  |  | $ | 4.87 |
Time-based RSUs |  |  |
Granted | 4,246,000 |  |  | 4,133,000 |
Weighted-average grant date fair value | $ | 9.39 |  |  | $ | 9.18 |
Adjusted Operating Cash Flow performance-based RSUs |  |  |
Granted | 1,232,000 |  |  | 647,000 |
Weighted-average grant date fair value | $ | 9.89 |  |  | $ | 10.57 |
Bausch+ Lomb Share-Based Awards |  |  |
Stock options |  |  |
Granted | 1,317,000 |  |  | 2,679,000 |
Weighted-average exercise price | $ | 16.85 |  |  | $ | 18.27 |
Weighted-average grant date fair value | $ | 4.92 |  |  | $ | 5.52 |
RSUs |  |  |
Granted | 2,967,000 |  |  | 2,358,000 |
Weighted-average grant date fair value | $ | 16.84 |  |  | $ | 18.04 |
TSR performance-based RSUs |  |  |
Granted | 826,000 |  |  | 1,175,000 |
Weighted-average grant date fair value | $ | 21.21 |  |  | $ | 27.65 |
Organic Revenue Growth performance-based RSUs |  |  |
Granted | 379,000 |  |  | 142,000 |
Weighted-average grant date fair value | $ | 16.08 |  |  | $ | 17.96 |
OPG performance-based RSUs |  |  |
Granted | 1,758,000 |  |  | — |
Weighted-average grant date fair value | $ | 17.04 |  |  | $ | — |

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