XML 81 R71.htm IDEA: XBRL DOCUMENT v3.23.3
FINANCING ARRANGEMENTS - September 2022 Exchange Offer (Details) - USD ($)
1 Months Ended 3 Months Ended 9 Months Ended
Sep. 30, 2022
Jun. 30, 2022
Sep. 30, 2023
Sep. 30, 2022
Sep. 30, 2023
Sep. 30, 2022
Extinguishment of Debt [Line Items]            
Gain on extinguishment of debt   $ (63,000,000) $ 0 $ 570,000,000 $ 0 $ 683,000,000
Bausch + Lomb            
Extinguishment of Debt [Line Items]            
Ownership percentage     89.00%   89.00%  
Bausch + Lomb | Intermediate Holdco            
Extinguishment of Debt [Line Items]            
Ownership percentage     38.50%   38.50%  
Exchange Offer            
Extinguishment of Debt [Line Items]            
Gain on extinguishment of debt       570,000,000    
Third party fees       25,000,000    
Exchange Offer | Bausch + Lomb | Intermediate Holdco            
Extinguishment of Debt [Line Items]            
Ownership percentage     38.50%   38.50%  
Unsecured Notes            
Extinguishment of Debt [Line Items]            
Repurchased debt, aggregate principal amount   481,000,000        
Gain on extinguishment of debt $ 570,000,000 $ 176,000,000        
Unsecured Notes | Exchange Offer            
Extinguishment of Debt [Line Items]            
Repurchased debt, aggregate principal amount 5,594,000,000     5,594,000,000   5,594,000,000
Secured Notes | Exchange Offer            
Extinguishment of Debt [Line Items]            
Aggregate principal amount issued 3,125,000,000     3,125,000,000   3,125,000,000
Reduction of outstanding principal 2,469,000,000     2,469,000,000   2,469,000,000
Debt instrument, premium 1,835,000,000     1,835,000,000   1,835,000,000
Contractual interest paid     $ 45,000,000   $ 200,000,000  
Amortization of debt premium     $ 40,000,000   $ 174,000,000  
Secured Notes | 11.00% First Lien Senior Notes, Due September 2028            
Extinguishment of Debt [Line Items]            
Stated interest rate on debt (as a percent)     11.00%   11.00%  
Secured Notes | 11.00% First Lien Senior Notes, Due September 2028 | Exchange Offer            
Extinguishment of Debt [Line Items]            
Aggregate principal amount issued $ 1,774,000,000     $ 1,774,000,000   $ 1,774,000,000
Stated interest rate on debt (as a percent) 11.00%     11.00%   11.00%
Secured Notes | 14.00% Second Lien Senior Notes, Due October 2030            
Extinguishment of Debt [Line Items]            
Stated interest rate on debt (as a percent)     14.00%   14.00%  
Secured Notes | 14.00% Second Lien Senior Notes, Due October 2030 | Exchange Offer            
Extinguishment of Debt [Line Items]            
Aggregate principal amount issued $ 352,000,000     $ 352,000,000   $ 352,000,000
Stated interest rate on debt (as a percent) 14.00%     14.00%   14.00%
Secured Notes | 9.00% Intermediate Holdco Senior Notes, Due January 2028            
Extinguishment of Debt [Line Items]            
Stated interest rate on debt (as a percent)     9.00%   9.00%  
Secured Notes | 9.00% Intermediate Holdco Senior Notes, Due January 2028 | Exchange Offer            
Extinguishment of Debt [Line Items]            
Aggregate principal amount issued $ 999,000,000     $ 999,000,000   $ 999,000,000
Stated interest rate on debt (as a percent) 9.00%     9.00%   9.00%