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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Millions, $ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
Revenues        
Total revenues $ 1,035 $ 941 $ 1,966 $ 1,830
Expenses        
Selling, general and administrative (Note 4) 417 368 835 711
Research and development (Note 4) 85 75 162 152
Amortization of intangible assets 56 64 113 129
Other expense (income), net 17 (1) 26 1
Total expenses 992 885 1,925 1,720
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
Provision for income taxes (10) (20) (43) (26)
Net (loss) income (29) 7 (117) 30
Net income attributable to noncontrolling interest (3) (2) (5) (5)
Net (loss) income attributable to Bausch + Lomb Corporation $ (32) $ 5 $ (122) $ 25
Basic (loss) income per share attributable to Bausch + Lomb Corporation (in usd per share) $ (0.09) $ 0.01 $ (0.35) $ 0.07
Diluted (loss) income per share attributable to Bausch + Lomb Corporation (in usd per share) $ (0.09) $ 0.01 $ (0.35) $ 0.07
Basic weighted-average common shares (in shares) 350.5 350.0 350.3 350.0
Diluted weighted-average common shares (in shares) 350.5 350.0 350.3 350.0
Product sales        
Revenues        
Total revenues $ 1,031 $ 935 $ 1,959 $ 1,818
Expenses        
Cost of goods sold (excluding amortization and impairments of intangible assets) (Note 4) and Cost of other revenues 417 377 788 723
Other revenues        
Revenues        
Total revenues 4 6 7 12
Expenses        
Cost of goods sold (excluding amortization and impairments of intangible assets) (Note 4) and Cost of other revenues $ 0 $ 2 $ 1 $ 4