v3.26.1
FINANCING ARRANGEMENTS - Long-term Debt (Details) - USD ($)
$ in Millions
Jun. 30, 2026
Jan. 31, 2026
Dec. 31, 2025
Jun. 26, 2025
Sep. 29, 2023
Long-term debt, net of unamortized debt discount          
Principal Amount $ 20,239   $ 20,232    
Total long-term debt and other 20,741   20,817    
Less: Current portion of long-term debt and other 866   225    
Non-current portion of long-term debt 19,875   20,592    
Secured Notes | Term Loan B Facility Due October 2030          
Long-term debt, net of unamortized debt discount          
Principal Amount 2,970   2,985    
Total long-term debt and other 2,866   2,869    
Secured Notes | Term Loan B Facility Due September 2028 | Bausch + Lomb          
Long-term debt, net of unamortized debt discount          
Principal Amount 0   489    
Total long-term debt and other 0   483    
Secured Notes | Term Loan B Facility Due January 2031 | Bausch + Lomb          
Long-term debt, net of unamortized debt discount          
Principal Amount 0   2,313    
Total long-term debt and other 0   2,286    
Secured Notes | Refinancing Term Facility Due January 2031 | Bausch + Lomb          
Long-term debt, net of unamortized debt discount          
Principal Amount 2,795 $ 2,802 0    
Total long-term debt and other $ 2,766   $ 0    
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%   4.875%    
Principal Amount $ 803   $ 803    
Total long-term debt and other $ 800   799    
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 $ 888   888    
Total long-term debt and other $ 1,111   1,155    
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   352    
Total long-term debt and other $ 556   578    
Secured Notes | Senior Secured 10.00% Notes Due April 2032          
Long-term debt, net of unamortized debt discount          
Stated interest rate on debt (as a percent) 10.00%        
Principal Amount $ 6,000   6,000    
Total long-term debt and other $ 6,246   6,284    
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   1,400    
Total long-term debt and other 1,389   1,387    
Secured Notes | Senior Secured Notes Due January 2031          
Long-term debt, net of unamortized debt discount          
Stated interest rate on debt (as a percent)       6.08%  
Secured Notes | Senior Secured Notes Due January 2031 | Bausch + Lomb          
Long-term debt, net of unamortized debt discount          
Principal Amount 771   792    
Total long-term debt and other $ 761   781    
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   643    
Total long-term debt and other $ 643   643    
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   171    
Total long-term debt and other $ 171   171    
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   433    
Total long-term debt and other $ 432   432    
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   821    
Total long-term debt and other $ 818   817    
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   452    
Total long-term debt and other $ 450   450    
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 $ 336   336    
Total long-term debt and other $ 335   335    
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   779    
Total long-term debt and other $ 775   775    
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   463    
Total long-term debt and other 460   460    
Unsecured Notes | Other          
Long-term debt, net of unamortized debt discount          
Principal Amount 12   12    
Total long-term debt and other 12   12    
Revolving Credit Facility | Secured Notes | Revolving Credit Facility Due April 2030          
Long-term debt, net of unamortized debt discount          
Principal Amount 0   0    
Total long-term debt and other 0   0    
Revolving Credit Facility | Secured Notes | Revolving Credit Facility Due June 2030 | Bausch + Lomb          
Long-term debt, net of unamortized debt discount          
Principal Amount 150   100    
Total long-term debt and other $ 150   $ 100