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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Millions, $ in Millions
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Revenues    
Revenues $ 2,012 $ 2,016
Expenses    
Selling, general and administrative 633 587
Research and development 122 117
Amortization of intangible assets 436 489
Asset impairments 14 3
Restructuring and integration costs 4 20
Acquisition-related contingent consideration 13 (21)
Other expense (income), net 23 (3)
Total expenses 1,764 1,729
Operating income 248 287
Interest income 7 4
Interest expense (396) (406)
Loss on extinguishment of debt (24) (7)
Foreign exchange and other (13) 0
Loss before benefit from income taxes (178) (122)
Benefit from income taxes 26 74
Net loss (152) (48)
Net income attributable to noncontrolling interest 0 (4)
Net loss attributable to Bausch Health Companies Inc. $ (152) $ (52)
Basic and diluted loss per share attributable to Bausch Health Companies Inc. (in usd per share) $ (0.43) $ (0.15)
Basic and diluted weighted-average common shares (in shares) 353.4 351.3
Product sales    
Revenues    
Revenues $ 1,986 $ 1,989
Expenses    
Cost of goods sold (excluding amortization and impairments of intangible assets) and Cost of other revenues 505 524
Other revenues    
Revenues    
Revenues 26 27
Expenses    
Cost of goods sold (excluding amortization and impairments of intangible assets) and Cost of other revenues $ 14 $ 13