SEGMENT INFORMATION (Tables)

6 Months Ended

Jun. 30, 2023

Segment Reporting [Abstract]

Schedule of segment revenues and profit

Segment revenues and profits for the three and six months ended June 30, 2023 and 2022 were as follows:

	Three Months Ended June 30,				Six Months Ended June 30,
(in millions)	2023		2022		2023		2022
Revenues:
Vision Care	$	646	$	588	$	1,233	$	1,148
Pharmaceuticals	194		169		355		324
Surgical	195		184		378		358
Total revenues	$	1,035	$	941	$	1,966	$	1,830
Segment profit:
Vision Care	$	167	$	145	$	321	$	304
Pharmaceuticals	68		52		114		92
Surgical	9		11		20		26
Total segment profit	244		208		455		422
Corporate	(128)		(89)		(275)		(182)
Amortization of intangible assets	(56)		(64)		(113)		(129)
Other expense, net	(17)		1		(26)		(1)
Operating income	43		56		41		110
Interest income	5		1		8		1
Interest expense (Note 4)	(58)		(44)		(108)		(64)
Foreign exchange and other	(9)		14		(15)		9
(Loss) income before provision for income taxes	$	(19)	$	27	$	(74)	$	56

Schedule of revenues by segment and product category

Revenues by segment and product category were as follows:

	Vision Care				Pharmaceuticals				Surgical				Total
	Three Months Ended June 30,
(in millions)	2023		2022		2023		2022		2023		2022		2023		2022
Pharmaceuticals	$	1	$	1	$	133	$	113	$	—	$	—	$	134	$	114
Devices	215		213		—		—		193		180		408		393
OTC	421		366		—		—		—		—		421		366
Branded and Other Generics	7		7		61		55		—		—		68		62
Other revenues	2		1		—		1		2		4		4		6
	$	646	$	588	$	194	$	169	$	195	$	184	$	1,035	$	941
	Six Months Ended June 30,
	2023		2022		2023		2022		2023		2022		2023		2022
Pharmaceuticals	$	2	$	2	$	240	$	219	$	—	$	—	$	242	$	221
Devices	439		427		—		—		375		352		814		779
OTC	774		702		—		—		—		—		774		702
Branded and Other Generics	14		13		115		103		—		—		129		116
Other revenues	4		4		—		2		3		6		7		12
	$	1,233	$	1,148	$	355	$	324	$	378	$	358	$	1,966	$	1,830

Schedule of revenue attributed to a geographic region

Revenues are attributed to a geographic region based on the location of the customer and were as follows:

	Three Months Ended June 30,				Six Months Ended June 30,
(in millions)	2023		2022		2023		2022
U.S. and Puerto Rico	$	466	$	430	$	870	$	816
China	89		76		163		158
France	62		56		118		111
Japan	46		47		94		97
Germany	40		33		82		76
United Kingdom	29		27		58		54
Canada	27		24		53		46
Russia	26		30		50		47
Spain	24		22		44		41
Italy	22		21		42		41
Mexico	15		14		31		25
Poland	14		12		26		23
South Korea	12		11		23		22
Australia	11		9		21		17
Other	152		129		291		256
	$	1,035	$	941	$	1,966	$	1,830