XML 77 R63.htm IDEA: XBRL DOCUMENT v3.24.1.u1
FINANCING ARRANGEMENTS - Summary of Consolidated Long-term Debt (Details) - USD ($)
Mar. 31, 2024
Dec. 31, 2023
Sep. 29, 2023
Long-term debt, net of unamortized debt discount      
Principal Amount $ 20,717,000,000 $ 21,006,000,000  
Total long-term debt and other 22,074,000,000 22,388,000,000  
Less: Current portion of long-term debt and other 538,000,000 450,000,000  
Non-current portion of long-term debt 21,536,000,000 21,938,000,000  
Term Loan B Facility Due February 2027      
Long-term debt, net of unamortized debt discount      
Principal Amount 2,281,000,000 2,312,000,000  
Total long-term debt and other $ 2,251,000,000 2,279,000,000  
Term Loan B Facility Due May 2027 | Bausch + Lomb      
Long-term debt, net of unamortized debt discount      
Stated interest rate on debt (as a percent) 8.68%    
Principal Amount $ 2,456,000,000 2,462,000,000  
Total long-term debt and other $ 2,422,000,000 2,426,000,000  
Term Loan B Facility Due September 2028 | Bausch + Lomb      
Long-term debt, net of unamortized debt discount      
Stated interest rate on debt (as a percent) 9.33%    
Principal Amount $ 498,000,000 499,000,000 $ 500,000,000
Total long-term debt and other $ 486,000,000 487,000,000  
Secured Notes | 5.500% Senior Notes Due November 2025      
Long-term debt, net of unamortized debt discount      
Stated interest rate on debt (as a percent) 5.50%    
Principal Amount $ 1,680,000,000 1,680,000,000  
Total long-term debt and other $ 1,676,000,000 1,675,000,000  
Secured Notes | 6.125% Senior Notes Due February 2027      
Long-term debt, net of unamortized debt discount      
Stated interest rate on debt (as a percent) 6.125%    
Principal Amount $ 1,000,000,000 1,000,000,000  
Total long-term debt and other $ 991,000,000 990,000,000  
Secured Notes | 5.750% Senior Notes Due August 2027      
Long-term debt, net of unamortized debt discount      
Stated interest rate on debt (as a percent) 5.75%    
Principal Amount $ 500,000,000 500,000,000  
Total long-term debt and other $ 497,000,000 497,000,000  
Secured Notes | 4.875% Senior Notes Due June 2028      
Long-term debt, net of unamortized debt discount      
Stated interest rate on debt (as a percent) 4.875%    
Principal Amount $ 1,600,000,000 1,600,000,000  
Total long-term debt and other $ 1,587,000,000 1,586,000,000  
Secured Notes | 11.00% First Lien Senior Notes, Due September 2028      
Long-term debt, net of unamortized debt discount      
Stated interest rate on debt (as a percent) 11.00%    
Principal Amount $ 1,774,000,000 1,774,000,000  
Total long-term debt and other $ 2,654,000,000 2,654,000,000  
Secured Notes | 14.00% Second Lien Senior Notes, Due October 2030      
Long-term debt, net of unamortized debt discount      
Stated interest rate on debt (as a percent) 14.00%    
Principal Amount $ 352,000,000 352,000,000  
Total long-term debt and other $ 666,000,000 666,000,000  
Secured Notes | 8.375% Senior Notes Due October 2028 | Bausch + Lomb      
Long-term debt, net of unamortized debt discount      
Stated interest rate on debt (as a percent) 8.375%   8.375%
Principal Amount $ 1,400,000,000 1,400,000,000  
Total long-term debt and other $ 1,378,000,000 1,377,000,000  
Secured Notes | 9.00% Intermediate Holdco Senior Notes, Due January 2028      
Long-term debt, net of unamortized debt discount      
Stated interest rate on debt (as a percent) 9.00%    
Principal Amount $ 999,000,000 999,000,000  
Total long-term debt and other $ 1,318,000,000 1,358,000,000  
Unsecured Notes | 9.00% Senior Notes Due December 2025      
Long-term debt, net of unamortized debt discount      
Stated interest rate on debt (as a percent) 9.00%    
Principal Amount $ 840,000,000 955,000,000  
Total long-term debt and other $ 836,000,000 950,000,000  
Unsecured Notes | 9.250% Senior Notes Due April 2026      
Long-term debt, net of unamortized debt discount      
Stated interest rate on debt (as a percent) 9.25%    
Principal Amount $ 601,000,000 737,000,000  
Total long-term debt and other $ 599,000,000 734,000,000  
Unsecured Notes | 8.50% Senior Notes Due January 2027      
Long-term debt, net of unamortized debt discount      
Stated interest rate on debt (as a percent) 8.50%    
Principal Amount $ 643,000,000 643,000,000  
Total long-term debt and other $ 643,000,000 644,000,000  
Unsecured Notes | 7.00% Senior Notes Due January 2028      
Long-term debt, net of unamortized debt discount      
Stated interest rate on debt (as a percent) 7.00%    
Principal Amount $ 171,000,000 171,000,000  
Total long-term debt and other $ 171,000,000 170,000,000  
Unsecured Notes | 5.00% Senior Notes Due January 2028      
Long-term debt, net of unamortized debt discount      
Stated interest rate on debt (as a percent) 5.00%    
Principal Amount $ 433,000,000 433,000,000  
Total long-term debt and other $ 431,000,000 430,000,000  
Unsecured Notes | 6.25% Senior Notes Due February 2029      
Long-term debt, net of unamortized debt discount      
Stated interest rate on debt (as a percent) 6.25%    
Principal Amount $ 821,000,000 821,000,000  
Total long-term debt and other $ 815,000,000 814,000,000  
Unsecured Notes | 5.00% Senior Notes Due February 2029      
Long-term debt, net of unamortized debt discount      
Stated interest rate on debt (as a percent) 5.00%    
Principal Amount $ 452,000,000 452,000,000  
Total long-term debt and other $ 449,000,000 448,000,000  
Unsecured Notes | 7.25% Senior Notes Due May 2029      
Long-term debt, net of unamortized debt discount      
Stated interest rate on debt (as a percent) 7.25%    
Principal Amount $ 337,000,000 337,000,000  
Total long-term debt and other $ 335,000,000 334,000,000  
Unsecured Notes | 5.25% Senior Notes Due January 2030      
Long-term debt, net of unamortized debt discount      
Stated interest rate on debt (as a percent) 5.25%    
Principal Amount $ 779,000,000 779,000,000  
Total long-term debt and other $ 773,000,000 773,000,000  
Unsecured Notes | 5.25% Senior Notes Due February 2031      
Long-term debt, net of unamortized debt discount      
Stated interest rate on debt (as a percent) 5.25%    
Principal Amount $ 463,000,000 463,000,000  
Total long-term debt and other 459,000,000 459,000,000  
Unsecured Notes | Other      
Long-term debt, net of unamortized debt discount      
Principal Amount 12,000,000 12,000,000  
Total long-term debt and other 12,000,000 12,000,000  
Revolving Credit Facility | Revolving Credit Facility Due February 2027      
Long-term debt, net of unamortized debt discount      
Principal Amount 0 0  
Total long-term debt and other 0 0  
Revolving Credit Facility | AR Credit Facility Due January 2028      
Long-term debt, net of unamortized debt discount      
Principal Amount 325,000,000 350,000,000  
Total long-term debt and other 325,000,000 350,000,000  
Revolving Credit Facility | Revolving Credit Facility Due May 2027 | Bausch + Lomb      
Long-term debt, net of unamortized debt discount      
Principal Amount 300,000,000 275,000,000  
Total long-term debt and other $ 300,000,000 $ 275,000,000