SEGMENT INFORMATION (Tables)

12 Months Ended

Dec. 31, 2022

Segment Reporting [Abstract]

Schedule of segment revenues and profit

Segment revenues and profits for the years 2022, 2021 and 2020 were as follows:

(in millions)	2022		2021		2020
Revenues:
Vision Care	$	2,373	$	2,343	$	2,109
Ophthalmic Pharmaceuticals	677		704		726
Surgical	718		718		577
Total revenues	3,768		3,765		3,412
Segment profit:
Vision Care	637		587		579
Ophthalmic Pharmaceuticals	202		290		302
Surgical	42		75		18
Total segment profit	881		952		899
Corporate	(417)		(314)		(278)
Amortization of intangible assets	(244)		(292)		(323)
Other expense, net	(13)		(17)		(38)
Operating income	207		329		260
Interest income	6		—		3
Interest expense (Note 3)	(146)		—		—
Foreign exchange and other	6		(11)		27
Income before provision for income taxes	$	73	$	318	$	290

Schedule of capital expenditures paid

Capital expenditures paid by segment for the years 2022, 2021 and 2020 were as follows:

(in millions)	2022		2021		2020
Vision Care	$	115	$	137	$	209
Ophthalmic Pharmaceuticals	27		35		33
Surgical	24		21		11
	166		193		253
Corporate	9		—		—
	$	175	$	193	$	253

Schedule of revenues by segment and product category

Revenues by segment and product category were as follows:

	Vision Care						Ophthalmic Pharmaceuticals						Surgical						Total
(in millions)	2022		2021		2020		2022		2021		2020		2022		2021		2020		2022		2021		2020
Pharmaceuticals	$	15	$	25	$	11	$	466	$	489	$	497	$	—	$	—	$	—	$	481	$	514	$	508
Devices	866		889		752		—		—		—		706		706		562		1,572		1,595		1,314
OTC	1,453		1,389		1,310		—		—		—		—		—		—		1,453		1,389		1,310
Branded and Other Generics	32		31		27		208		208		222		—		—		—		240		239		249
Other revenues	7		9		9		3		7		7		12		12		15		22		28		31
	$	2,373	$	2,343	$	2,109	$	677	$	704	$	726	$	718	$	718	$	577	$	3,768	$	3,765	$	3,412

Schedule of revenue attributed to a geographic region

Revenues are attributed to a geographic region based on the location of the customer for the years 2022, 2021 and 2020 and were as follows:

(in millions)	2022		2021		2020
U.S. and Puerto Rico	$	1,695	$	1,618	$	1,558
China	343		390		280
France	195		201		174
Japan	192		224		220
Germany	138		149		137
Russia	132		116		102
United Kingdom	108		111		84
Canada	101		101		92
Spain	77		80		66
Italy	72		75		67
Mexico	55		40		32
South Korea	44		46		48
Poland	44		42		36
Other	572		572		516
	$	3,768	$	3,765	$	3,412

Schedule of long-lived assets by geographic region

Long-lived assets consisting of property, plant and equipment, net of accumulated depreciation, are attributed to geographic regions based on their physical location as of December 31, 2022 and 2021 were as follows:

(in millions)	2022		2021
U.S. and Puerto Rico	$	639	$	604
Ireland	356		331
Germany	89		85
Canada	67		59
France	44		39
China	26		29
Italy	20		21
Spain	13		12
Other	46		45
	$	1,300	$	1,225