A lubricant composition capable of preventing a rolling surface of a bearing from flaking owing to hydrogen embrittlement. The bearing is lubricated with the lubricant composition which is a lubricating oil or grease. The lubricant composition contains a molybdate and an organic acid salt. At least one molybdate is selected from sodium molybdate, potassium molybdate, and lithium molybdate. The organic acid salt is a sodium salt of an organic acid having one to 20 carbon atoms. The lubricant composition forms a film containing a molybdenum compound in addition to an iron oxide film on a worn surface of the bearing or on a fresh surface of an iron-based metal generated by wear. The bearing is used as a rolling bearing for use in electric parts and auxiliary machines of a vehicle. The bearing is also used as a bearing, for a motor, in which the lubricant composition is sealed.