v3.26.3
SHARE-BASED COMPENSATION (Tables)
9 Months Ended
Sep. 30, 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 and nine months ended September 30, 2026 and 2025 were as follows:
Three Months Ended September 30,Nine Months Ended September 30,
(in millions)2026202520262025
Stock options$1 $3 $6 $10 
PSUs/RSUs36 24 103 75 
Share-based compensation expense$37 $27 $109 $85 
Research and development expenses$4 $1 $11 $5 
Selling, general and administrative expenses33 26 98 80 
Share-based compensation expense$37 $27 $109 $85 
Schedule of share-based awards granted
Share-based awards granted for the nine months ended September 30, 2026 and 2025 consist of:
Nine Months Ended September 30,
20262025
Stock options
Granted— 1,374,000 
Weighted-average exercise price$— $15.86 
Weighted-average grant date fair value$— $4.66 
RSUs
Granted3,770,000 3,867,000 
Weighted-average grant date fair value$18.17 $15.42 
TSR PSUs
Granted416,000 388,000 
Weighted-average grant date fair value$18.51 $15.86 
Organic Revenue Growth PSUs
Granted892,000 753,000 
Weighted-average grant date fair value$17.47 $15.98 
Adjusted EBITDA PSUs
Granted416,000 — 
Weighted-average grant date fair value$18.51 $— 
OPG PSUs
Granted— 10,000 
Weighted-average grant date fair value$— $11.19