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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Millions, $ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Sep. 30, 2020
Sep. 30, 2019
Revenues        
Revenues $ 2,138 $ 2,209 $ 5,814 $ 6,377
Expenses        
Selling, general and administrative 572 648 1,731 1,886
Research and development 103 123 333 357
Amortization of intangible assets 391 475 1,263 1,452
Asset impairments 2 33 17 49
Restructuring, integration and separation costs 2 4 13 28
Acquisition-related contingent consideration 2 3 26 2
Other expense, net 16 10 146 15
Total expenses 1,678 1,880 5,133 5,504
Operating income 460 329 681 873
Interest income 2 2 11 9
Interest expense (374) (406) (1,155) (1,221)
Loss on extinguishment of debt 0 0 (51) (40)
Foreign exchange and other (13) 9 (26) 12
Income (loss) before (provision for) benefit from income taxes 75 (66) (540) (367)
(Provision for) benefit from income taxes (5) 18 133 101
Net income (loss) 70 (48) (407) (266)
Net loss (income) attributable to noncontrolling interest 1 (1) 0 (6)
Net income (loss) attributable to Bausch Health Companies Inc. $ 71 $ (49) $ (407) $ (272)
Earnings (loss) per share attributable to Bausch Health Companies Inc.        
Basic (in usd per share) $ 0.20 $ (0.14) $ (1.15) $ (0.77)
Diluted (in usd per share) $ 0.20 $ (0.14) $ (1.15) $ (0.77)
Weighted-average common shares        
Basic (in shares) 355.6 352.4 354.7 351.9
Diluted (in shares) 357.8 352.4 354.7 351.9
Product sales        
Revenues        
Revenues $ 2,111 $ 2,180 $ 5,734 $ 6,291
Expenses        
Cost of goods sold (excluding amortization and impairments of intangible assets) and Cost of other revenues 578 571 1,565 1,675
Other revenues        
Revenues        
Revenues 27 29 80 86
Expenses        
Cost of goods sold (excluding amortization and impairments of intangible assets) and Cost of other revenues $ 12 $ 13 $ 39 $ 40