ACCUMULATED OTHER COMPREHENSIVE LOSS

6 Months Ended

Jun. 30, 2023

Comprehensive Income (Loss), Net of Tax, Attributable to Parent [Abstract]

Accumulated other comprehensive loss as of June 30, 2023 and as of December 31, 2022 consist of:


(in millions)	June 30, 2023		December 31, 2022
Foreign currency translation adjustment	$	(1,219)	$	(1,231)
Pension adjustment, net of tax	(28)		(27)
	$	(1,247)	$	(1,258)

Income taxes are not provided for foreign currency translation adjustments arising on the translation of Bausch + Lomb’s operations having a functional currency other than the U.S. dollar, except to the extent of translation adjustments related to Bausch + Lomb’s retained earnings for foreign jurisdictions in which Bausch + Lomb is not considered to be permanently reinvested.