v3.26.1
SHARE-BASED COMPENSATION (Tables)
3 Months Ended
Mar. 31, 2026
Share-Based Payment Arrangement [Abstract]  
Schedule of the components and classification of share-based compensation expense
The components and classification of share-based compensation expense related to stock options, PSUs and RSUs directly attributable to those employees specifically identified as Bausch + Lomb employees for the three months ended March 31, 2026 and 2025 were as follows:
Three Months Ended March 31,
(in millions)20262025
Stock options$$
PSUs/RSUs31 25 
Share-based compensation expense$34 $28 
Research and development expenses$$
Selling, general and administrative expenses31 26 
Share-based compensation expense$34 $28 
Schedule of share-based awards granted
Share-based awards granted for the three months ended March 31, 2026 and 2025 consist of:
Three Months Ended March 31,
20262025
Stock options
Granted— 1,374,000 
Weighted-average exercise price$— $15.86 
Weighted-average grant date fair value$— $4.66 
RSUs
Granted3,094,000 3,033,000 
Weighted-average grant date fair value$18.53 $15.95 
TSR PSUs
Granted404,000 388,000 
Weighted-average grant date fair value$18.60 $15.86 
Organic Revenue Growth PSUs
Granted884,000 753,000 
Weighted-average grant date fair value$17.49 $15.98 
Adjusted EBITDA PSUs
Granted404,000 — 
Weighted-average grant date fair value$18.60 $—