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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Millions, $ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
Revenues        
Revenues $ 1,664 $ 2,152 $ 3,676 $ 4,168
Expenses        
Selling, general and administrative 526 651 1,159 1,238
Research and development 108 117 230 234
Amortization of intangible assets 436 488 872 977
Asset impairments 1 13 15 16
Restructuring and integration costs 7 4 11 24
Acquisition-related contingent consideration 11 20 24 (1)
Other expense, net 107 8 130 5
Total expenses 1,691 1,895 3,455 3,624
Operating (loss) income (27) 257 221 544
Interest income 2 3 9 7
Interest expense (385) (409) (781) (815)
Loss on extinguishment of debt (27) (33) (51) (40)
Foreign exchange and other 0 3 (13) 3
Loss before benefit from income taxes (437) (179) (615) (301)
Benefit from income taxes 112 9 138 83
Net loss (325) (170) (477) (218)
Net income attributable to noncontrolling interest (1) (1) (1) (5)
Net loss attributable to Bausch Health Companies Inc. $ (326) $ (171) $ (478) $ (223)
Basic and diluted loss per share attributable to Bausch Health Companies Inc. (in usd per share) $ (0.92) $ (0.49) $ (1.35) $ (0.63)
Basic and diluted weighted-average common shares (in shares) 355.3 352.1 354.3 351.7
Product sales        
Revenues        
Revenues $ 1,637 $ 2,122 $ 3,623 $ 4,111
Expenses        
Cost of goods sold (excluding amortization and impairments of intangible assets) and Cost of other revenues 482 580 987 1,104
Other revenues        
Revenues        
Revenues 27 30 53 57
Expenses        
Cost of goods sold (excluding amortization and impairments of intangible assets) and Cost of other revenues $ 13 $ 14 $ 27 $ 27