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SHARE-BASED COMPENSATION (Tables)

9 Months Ended

Sep. 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 nine months ended September 30, 2024 and 2023:

						Three Months Ended September 30,												Nine Months Ended September 30,
(in millions)						2024						2023						2024						2023
Stock options						$	4					$	4					$	10					$	14
RSUs						34						25						97						89
						$	38					$	29					$	107					$	103
Research and development expenses						$	4					$	3					$	9					$	8
Selling, general and administrative expenses						34						26						98						95
						$	38					$	29					$	107					$	103

Summary of share-based awards

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

			Nine Months Ended September 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			5,173,000						4,881,000
Weighted-average grant date fair value			$	8.91					$	9.02
Adjusted Operating Cash Flow performance-based RSUs
Granted			1,332,000						647,000
Weighted-average grant date fair value			$	9.60					$	10.57
Bausch+ Lomb Share-Based Awards
Stock options
Granted			1,317,000						3,453,000
Weighted-average exercise price			$	16.85					$	18.21
Weighted-average grant date fair value			$	4.92					$	5.33
RSUs
Granted			3,652,000						3,165,000
Weighted-average grant date fair value			$	16.77					$	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			1,792,000						—
Weighted-average grant date fair value			$	17.03					$	—

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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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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)
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-URI https://asc.fasb.org/1943274/2147480429/718-10-50-2

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-URI https://asc.fasb.org/1943274/2147480429/718-10-50-2

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-Name Accounting Standards Codification
-Section 50
-Paragraph 2
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