FINANCING ARRANGEMENTS - Credit Facilities (Details)
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1 Months Ended |
6 Months Ended |
12 Months Ended |
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Jun. 26, 2025
USD ($)
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Apr. 08, 2025
USD ($)
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Sep. 29, 2023
USD ($)
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Jan. 31, 2026
USD ($)
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Jun. 30, 2026
USD ($)
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Dec. 31, 2025
USD ($)
rate
shares
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Jun. 26, 2025
EUR (€)
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Nov. 01, 2024
USD ($)
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May 10, 2022
USD ($)
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| Debt Instrument [Line Items] |
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| Principal amount outstanding |
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$ 20,239,000,000
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$ 20,232,000,000
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| Total long-term debt and other |
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$ 20,741,000,000
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$ 20,817,000,000
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| Bausch + Lomb | 126NumberCo |
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| Debt Instrument [Line Items] |
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| Subsidiary, number of owned, parent (in shares) | shares |
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211,963,893
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| Line of Credit | Applicable Rate |
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| Debt Instrument [Line Items] |
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| Variable rate (as a percent) |
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4.25%
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| Term Loan B Facility Due February 2027 | Secured Notes |
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| Debt Instrument [Line Items] |
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| Principal amount |
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$ 2,500,000,000
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| February 2027 Term Loan B Facility | Secured Notes |
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| Debt Instrument [Line Items] |
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| Maximum percentage, present value of cash flows of new debt (as a percent) |
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10.00%
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| Principal amount outstanding |
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$ 2,156,000,000
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| Term Loan B Facility Due 2030 | Secured Notes |
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| Debt Instrument [Line Items] |
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| Principal amount |
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3,000,000,000
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| Annual amortization rate (as a percent) |
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1.00%
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| Quarterly amortization payments |
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$ 30,000,000
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| Remaining quarterly amortization payments |
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128,000,000
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| Disposition of property threshold |
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$ 100,000,000
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| Term Loan B Facility Due 2030 | Secured Notes | Federal Funds Effective Rate and Overnight Bank Funding Rate |
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| Debt Instrument [Line Items] |
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| Variable rate, floor (as a percent) |
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0.00%
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| Variable rate (as a percent) |
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0.50%
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| Term Loan B Facility Due 2030 | Secured Notes | SOFR Rate |
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| Debt Instrument [Line Items] |
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| Variable rate, floor (as a percent) |
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0.00%
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| Stated interest rate on debt (as a percent) |
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6.25%
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| Term Loan B Facility Due 2030 | Secured Notes | Alternate Base Rate |
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| Debt Instrument [Line Items] |
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| Stated interest rate on debt (as a percent) |
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5.25%
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| Term Loan B Facility Due 2030 | Line of Credit |
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| Debt Instrument [Line Items] |
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| Dividend and distribution threshold |
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$ 50,000,000
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| 2025 Credit Agreement | Secured Notes |
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| Debt Instrument [Line Items] |
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| Dividend and distribution threshold |
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$ 1,600,000,000
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| 2025 Credit Agreement | Secured Notes | SOFR Rate |
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| Debt Instrument [Line Items] |
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| Variable rate, floor (as a percent) |
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1.00%
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| Variable rate (as a percent) |
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1.00%
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| 2025 Credit Agreement | Line of Credit |
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| Debt Instrument [Line Items] |
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| Commitment fee (as a percent) |
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0.50%
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| 2025 Credit Agreement | Line of Credit | Applicable Rate |
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| Debt Instrument [Line Items] |
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| Variable rate (as a percent) |
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0.25%
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| Number of debt instruments | rate |
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2
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| 2025 Credit Agreement | Line of Credit | Applicable Rate | Minimum |
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| Debt Instrument [Line Items] |
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| Secured leverage ratio (less than) |
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2.1
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| 2025 Credit Agreement | Line of Credit | Applicable Rate | Maximum |
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| Debt Instrument [Line Items] |
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| Secured leverage ratio (less than) |
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2.6
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| 2025 Credit Agreement | Line of Credit | SOFR, EUTIBOT and Term CORRA |
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| Debt Instrument [Line Items] |
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| Variable rate (as a percent) |
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3.25%
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| Revolving Credit Facility Due 2030 | Secured Notes | Federal Funds Effective Rate and Overnight Bank Funding Rate |
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| Debt Instrument [Line Items] |
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| Variable rate, floor (as a percent) |
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0.00%
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| Variable rate (as a percent) |
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0.50%
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| Revolving Credit Facility Due 2030 | Secured Notes | SOFR Rate |
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| Debt Instrument [Line Items] |
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| Variable rate, floor (as a percent) |
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0.00%
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| Variable rate (as a percent) |
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1.00%
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| Revolving Credit Facility Due 2030 | Line of Credit |
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| Debt Instrument [Line Items] |
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| Customary fronting fees (as a percent) |
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0.125%
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| Revolving Credit Facility Due 2030 | Line of Credit | Canadian Overnight Repo Rate Average |
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| Debt Instrument [Line Items] |
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| Variable rate (as a percent) |
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0.00%
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| Revolving Credit Facility Due 2030 | Line of Credit | Canadian Overnight Repo Rate Average | Minimum |
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| Debt Instrument [Line Items] |
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| Variable rate (as a percent) |
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1.00%
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| Revolving Credit Facility Due 2030 | Line of Credit | Canadian Overnight Repo Rate Average | Maximum |
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| Debt Instrument [Line Items] |
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| Variable rate (as a percent) |
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1.00%
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| Revolving Credit Facility Due 2030 | Line of Credit | Canadian Overnight Repo Rate Average | One Month Interest Period |
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| Debt Instrument [Line Items] |
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| Variable rate (as a percent) |
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0.29547%
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| Revolving Credit Facility Due 2030 | Line of Credit | Canadian Overnight Repo Rate Average | Three Month Interest Period |
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| Debt Instrument [Line Items] |
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| Variable rate (as a percent) |
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0.32138%
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| Revolving Credit Facility Due 2030 | Line of Credit | Applicable Rate |
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| Debt Instrument [Line Items] |
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| Variable rate (as a percent) |
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0.125%
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| Number of debt instruments | rate |
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2
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| Revolving Credit Facility Due 2030 | Line of Credit | Applicable Rate | Minimum |
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| Debt Instrument [Line Items] |
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| Secured leverage ratio (less than) |
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2.1
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| Revolving Credit Facility Due 2030 | Line of Credit | Applicable Rate | Maximum |
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| Debt Instrument [Line Items] |
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| Variable rate (as a percent) |
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0.00%
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| Secured leverage ratio (less than) |
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2.6
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| 2032 Senior Secured Notes | Secured Notes |
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| Debt Instrument [Line Items] |
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| Stated interest rate on debt (as a percent) |
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10.00%
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| Percentage of net cash proceeds of pro rata basis with obligations (as a percent) |
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100.00%
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| Senior Secured Credit Facilities | Secured Notes |
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| Debt Instrument [Line Items] |
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| Stated interest rate on debt (as a percent) |
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11.00%
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| 4.875% Senior Notes Due June 2028 | Secured Notes |
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| Debt Instrument [Line Items] |
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| Stated interest rate on debt (as a percent) |
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4.875%
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4.875%
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| Principal amount outstanding |
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$ 803,000,000
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$ 803,000,000
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| Total long-term debt and other |
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$ 800,000,000
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799,000,000
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| Term Loan B Facility Due May 2027 | Line of Credit | Bausch + Lomb |
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| Debt Instrument [Line Items] |
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| Principal amount |
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$ 2,500,000,000
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| Term Loan B Due September 2028 | Line of Credit | Bausch + Lomb |
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| Debt Instrument [Line Items] |
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| Principal amount outstanding |
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$ 500,000,000
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| Term |
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5 years
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| 8.375% Senior Notes Due October 2028 | Secured Notes | Bausch + Lomb |
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| Debt Instrument [Line Items] |
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| Principal amount |
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$ 1,400,000,000
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| Stated interest rate on debt (as a percent) |
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8.375%
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8.375%
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| Principal amount outstanding |
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$ 1,400,000,000
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1,400,000,000
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| Total long-term debt and other |
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1,389,000,000
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1,387,000,000
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| Incremental Term Loan, Maturing in May 2027 | Line of Credit | Bausch + Lomb |
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| Debt Instrument [Line Items] |
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| Principal amount |
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$ 400,000,000
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| Term Loan B Due January 2031 | Line of Credit | Bausch + Lomb |
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| Debt Instrument [Line Items] |
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| Principal amount |
$ 2,325,000,000
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| Senior Secured Notes Due January 2031 | Secured Notes |
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| Debt Instrument [Line Items] |
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| Principal amount | € |
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€ 675,000,000
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| Variable rate, floor (as a percent) |
0.00%
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| Variable rate (as a percent) |
3.875%
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| Stated interest rate on debt (as a percent) |
6.08%
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6.08%
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| Senior Secured Notes Due January 2031 | Secured Notes | Bausch + Lomb |
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| Debt Instrument [Line Items] |
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| Principal amount outstanding |
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771,000,000
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792,000,000
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| Total long-term debt and other |
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761,000,000
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781,000,000
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| Refinancing Term Facility Due January 2031 | Secured Notes |
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| Debt Instrument [Line Items] |
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| Annual amortization rate (as a percent) |
1.00%
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1.00%
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| Quarterly amortization payments |
$ 28,000,000
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| Debt instrument remaining quarterly amortization |
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126,000,000
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| Refinancing Term Facility Due January 2031 | Secured Notes | Bausch + Lomb |
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| Debt Instrument [Line Items] |
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| Principal amount outstanding |
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$ 2,802,000,000
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2,795,000,000
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0
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| Total long-term debt and other |
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2,766,000,000
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$ 0
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| Refinancing Term Facility Due January 2031 | Line of Credit | Bausch + Lomb |
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| Debt Instrument [Line Items] |
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| Principal amount |
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$ 2,795,000,000
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| Stated interest rate on debt (as a percent) |
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7.39%
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| Refinancing Term Facility Due January 2031 | Line of Credit | Bausch + Lomb | SOFR Rate |
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| Debt Instrument [Line Items] |
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| Variable rate (as a percent) |
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3.75%
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| Refinancing Term Facility Due January 2031 | Line of Credit | Bausch + Lomb | Base Rate |
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| Debt Instrument [Line Items] |
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| Variable rate (as a percent) |
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2.75%
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| Revolving Credit Facility Due June 2030 | Line of Credit | Bausch + Lomb |
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| Debt Instrument [Line Items] |
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| Remaining borrowings |
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|
$ 618,000,000
|
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| Revolving Credit Facility | Line of Credit |
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| Debt Instrument [Line Items] |
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| Fixed charge coverage ratio |
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|
4.25
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|
| Revolving Credit Facility | 2027 Revolving Credit Facility | Secured Notes |
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| Debt Instrument [Line Items] |
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| Maximum borrowing capacity |
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|
975,000,000
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| Revolving Credit Facility | 2025 Credit Agreement | Secured Notes |
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| Debt Instrument [Line Items] |
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| Alternate term, number of days, after latest maturity date principal amount threshold |
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91 days
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| Revolving Credit Facility | 2025 Credit Agreement | Secured Notes | Bausch + Lomb |
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| Debt Instrument [Line Items] |
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| Fixed charge coverage ratio |
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|
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|
2.00
|
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| Secured leverage ratio |
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|
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|
6.50
|
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| Revolving Credit Facility | 2025 Credit Agreement | Line of Credit |
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| Debt Instrument [Line Items] |
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| Secured leverage ratio |
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|
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|
5.75
|
|
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| Minimum liquidity |
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|
|
|
|
$ 400,000,000
|
|
|
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| Revolving Credit Facility | Revolving Credit Facility Due 2030 | Secured Notes |
|
|
|
|
|
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
|
|
|
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| Maximum borrowing capacity |
|
$ 500,000,000
|
|
|
|
|
|
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| Alternate term, number of days prior to scheduled maturity in excess of principal amount threshold |
|
|
|
|
|
91 days
|
|
|
|
| Alternate maturity, threshold, aggregate principal amount |
|
|
|
|
|
$ 1,000,000,000
|
|
|
|
| Principal amount outstanding |
|
|
|
|
0
|
|
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| Term |
|
5 years
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|
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| Revolving Credit Facility | Revolving Credit Facility Due May 2027 | Line of Credit | Bausch + Lomb |
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| Debt Instrument [Line Items] |
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| Maximum borrowing capacity |
|
|
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|
|
|
|
|
$ 500,000,000
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| Revolving Credit Facility | Revolving Credit Facility, Maturing June 2026 | Line of Credit | Bausch + Lomb |
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|
|
|
|
|
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| Debt Instrument [Line Items] |
|
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|
|
|
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| Maximum borrowing capacity |
$ 800,000,000
|
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|
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| Revolving Credit Facility | Refinancing Term Facility Due January 2031 | Secured Notes |
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|
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|
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| Debt Instrument [Line Items] |
|
|
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|
|
|
|
|
|
| Percentage of cash proceeds from incurrence of debt (as a percent) |
100.00%
|
|
|
|
|
|
|
|
|
| Percentage of annual excess cash flow (as a percent) |
50.00%
|
|
|
|
|
|
|
|
|
| Percentage of cash proceeds from asset sales outside the ordinary course of business payable as mandatory prepayments (as a percent) |
100.00%
|
|
|
|
|
|
|
|
|
| Revolving Credit Facility | Revolving Credit Facility Due June 2030 | Secured Notes | Bausch + Lomb |
|
|
|
|
|
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
|
|
|
|
|
| Principal amount outstanding |
|
|
|
|
150,000,000
|
100,000,000
|
|
|
|
| Total long-term debt and other |
|
|
|
|
150,000,000
|
$ 100,000,000
|
|
|
|
| Revolving Credit Facility | Revolving Credit Facility Due June 2030 | Line of Credit |
|
|
|
|
|
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
|
|
|
|
|
| Principal amount outstanding |
|
|
|
|
$ 150,000,000
|
|
|
|
|
| Commitment fee (as a percent) |
|
|
|
0.25%
|
|
|
|
|
|
| Revolving Credit Facility | Revolving Credit Facility Due June 2030 | Line of Credit | Minimum |
|
|
|
|
|
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
|
|
|
|
|
| Stated interest rate on debt (as a percent) |
|
|
|
|
6.36%
|
|
|
|
|
| Revolving Credit Facility | Revolving Credit Facility Due June 2030 | Line of Credit | Maximum |
|
|
|
|
|
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
|
|
|
|
|
| Stated interest rate on debt (as a percent) |
|
|
|
|
6.40%
|
|
|
|
|
| Revolving Credit Facility | Revolving Credit Facility Due June 2030 | Line of Credit | Base Rate | Minimum |
|
|
|
|
|
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
|
|
|
|
|
| Variable rate (as a percent) |
|
|
|
0.75%
|
|
|
|
|
|
| Revolving Credit Facility | Revolving Credit Facility Due June 2030 | Line of Credit | Base Rate | Maximum |
|
|
|
|
|
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
|
|
|
|
|
| Variable rate (as a percent) |
|
|
|
1.75%
|
|
|
|
|
|
| Revolving Credit Facility | Revolving Credit Facility Due June 2030 | Line of Credit | SOFR, EURIBOR, and SONIA Rate | Minimum |
|
|
|
|
|
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
|
|
|
|
|
| Variable rate (as a percent) |
|
|
|
1.75%
|
|
|
|
|
|
| Revolving Credit Facility | Revolving Credit Facility Due June 2030 | Line of Credit | SOFR, EURIBOR, and SONIA Rate | Maximum |
|
|
|
|
|
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
|
|
|
|
|
| Variable rate (as a percent) |
|
|
|
2.75%
|
|
|
|
|
|
| Letter of Credit | Revolving Credit Facility Due 2030 | Secured Notes |
|
|
|
|
|
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
|
|
|
|
|
| Total long-term debt and other |
|
|
|
|
$ 31,000,000
|
|
|
|
|
| Letter of Credit | Revolving Credit Facility Due June 2030 | Line of Credit | Bausch + Lomb |
|
|
|
|
|
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
|
|
|
|
|
| Total long-term debt and other |
|
|
|
|
$ 32,000,000
|
|
|
|
|