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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Millions, $ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Sep. 30, 2021
Sep. 30, 2020
Revenues        
Revenues $ 2,111 $ 2,138 $ 6,238 $ 5,814
Expenses        
Selling, general and administrative 653 572 1,944 1,731
Research and development 121 103 348 333
Amortization of intangible assets 338 391 1,055 1,263
Goodwill impairments 0 0 469 0
Asset impairments, including loss on assets held for sale 18 2 213 17
Restructuring, integration, separation and IPO costs 8 2 29 13
Other (income) expense, net (183) 18 329 172
Total expenses 1,537 1,678 6,155 5,133
Operating income 574 460 83 681
Interest income 2 2 6 11
Interest expense (351) (374) (1,083) (1,155)
Loss on extinguishment of debt (12) 0 (62) (51)
Foreign exchange and other 3 (13) 11 (26)
Income (loss) before (provision for) benefit from income taxes 216 75 (1,045) (540)
(Provision for) benefit from income taxes (25) (5) 36 133
Net income (loss) 191 70 (1,009) (407)
Net (income) loss attributable to noncontrolling interest (3) 1 (8) 0
Net income (loss) attributable to Bausch Health Companies Inc. $ 188 $ 71 $ (1,017) $ (407)
Earnings (loss) per share attributable to Bausch Health Companies Inc.        
Basic (in usd per share) $ 0.52 $ 0.20 $ (2.84) $ (1.15)
Diluted (in usd per share) $ 0.52 $ 0.20 $ (2.84) $ (1.15)
Weighted-average common shares        
Basic (in shares) 359.6 355.6 358.5 354.7
Diluted (in shares) 364.0 357.8 358.5 354.7
Product sales        
Revenues        
Revenues $ 2,088 $ 2,111 $ 6,167 $ 5,734
Expenses        
Cost of goods sold (excluding amortization and impairments of intangible assets) and Cost of other revenues 574 578 1,742 1,565
Other revenues        
Revenues        
Revenues 23 27 71 80
Expenses        
Cost of goods sold (excluding amortization and impairments of intangible assets) and Cost of other revenues $ 8 $ 12 $ 26 $ 39