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SHARE-BASED COMPENSATION (Tables)

6 Months Ended

Jun. 30, 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 and six months ended June 30, 2024 and 2023:

						Three Months Ended June 30,												Six Months Ended June 30,
(in millions)						2024						2023						2024						2023
Stock options						$	3					$	4					$	6					$	10
RSUs						33						29						63						64
						$	36					$	33					$	69					$	74
Research and development expenses						$	2					$	2					$	5					$	5
Selling, general and administrative expenses						34						31						64						69
						$	36					$	33					$	69					$	74

Summary of share-based awards

Share-based awards granted for the six months ended June 30, 2024 and 2023 consist of:

			Six Months Ended June 30,
			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			4,626,000						4,667,000
Weighted-average grant date fair value			$	9.20					$	9.06
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						3,130,000
Weighted-average exercise price			$	16.85					$	18.16
Weighted-average grant date fair value			$	4.92					$	5.40
RSUs
Granted			3,322,000						2,888,000
Weighted-average grant date fair value			$	16.74					$	17.97
TSR performance-based RSUs
Granted			826,000						1,175,000
Weighted-average grant date fair value			$	21.21					$	27.65
Organic Revenue Growth PSUs
Granted			379,000						142,000
Weighted-average grant date fair value			$	16.08					$	17.96
OPG PSUs
Granted			1,758,000						—
Weighted-average grant date fair value			$	17.04					$	—

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- Definition

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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- Definition

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
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (c)(2)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480429/718-10-50-2

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-Name Accounting Standards Codification
-Section 50
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-Subparagraph (d)
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-URI https://asc.fasb.org/1943274/2147480429/718-10-50-2

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (e)
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