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SHARE-BASED COMPENSATION (Tables)
 12 Months Ended
Dec. 31, 2022
Share-Based Payment Arrangement [Abstract]  
Summary of the components and classification of share-based compensation expense
The components and classification of share-based compensation expense related to stock options and RSUs directly attributable to those employees specifically identified as Bausch + Lomb employees for both the BHC Long-term Incentive Program and Bausch + Lomb Corporation 2022 Omnibus Incentive Plan for the years 2022, 2021 and 2020 were as follows:
(in millions)202220212020
Stock options$4 $3 $3 
RSUs52 35 27 
Share-based compensation expense$56 $38 $30 
Research and development expenses$6 $6 $5 
Selling, general and administrative expenses50 32 25 
Share-based compensation expense$56 $38 $30 
Schedule of weighted-average assumption as of the date of grant using the Black Scholes option-pricing model
The fair values of all stock options granted under the Bausch + Lomb Corporation 2022 Omnibus Incentive Plan for the year 2022 were estimated as of the date of grant using the Black-Scholes option-pricing model with the following weighted-average assumptions:
2022
Expected stock option life (years)3.0
Expected volatility31.5 %
Risk-free interest rate3.1 %
Expected dividend yield— %
Summary of stock option activity
The following table summarizes stock option activity under Bausch + Lomb’s Plan during 2022:
(in millions, except per share amounts)OptionsWeighted-
Average
Exercise
Price Per Share		Weighted-
Average
Remaining
Contractual
Term
(Years)		Aggregate
Intrinsic
Value
Outstanding, January 1, 2022
0.0$0.00   
Granted6.4 $18.00   
Exercised— $—   
Expired or forfeited(0.1)$18.00   
Outstanding, December 31, 2022
6.3 $18.00 9.4$— 
Vested and expected to vest, December 31, 2022
1.2 $18.00 4.5$— 
Vested and exercisable, December 31, 2022
— $— — $— 
Summary of non-vested time-based RSU activity
The following table summarizes non-vested RSU activity under Bausch + Lomb's Plan during 2022:
(in millions, except per share amounts)
Restricted Stock Units (RSUs)		Weighted-
Average
Grant-Date
Fair Value Per Share
Non-vested, January 1, 2022
0.0 $0.00 
Granted4.3 $16.70 
Vested— $— 
Forfeited(0.1)$17.93 
Non-vested, December 31, 2022
4.2 $16.67