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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Millions, $ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Revenues        
Revenues $ 2,530 $ 2,403 $ 4,789 $ 4,556
Expenses        
Selling, general and administrative 894 832 1,761 1,626
Research and development 159 156 302 307
Amortization of intangible assets 256 270 512 544
Asset impairments 0 5 0 6
Restructuring, integration and separation costs 31 12 32 24
Other (income) expense, net (18) 20 (3) 20
Total expenses 2,086 2,014 4,069 3,886
Operating income 444 389 720 670
Interest income 13 8 24 17
Interest expense (465) (350) (795) (705)
Gain on extinguishment of debt 178 12 178 23
Foreign exchange and other (30) (11) (34) (26)
Income (loss) before income taxes 140 48 93 (21)
Provision for income taxes (12) (49) (51) (57)
Net income (loss) 128 (1) 42 (78)
Net loss attributable to noncontrolling interest 20 11 48 24
Net income (loss) attributable to Bausch Health Companies Inc. $ 148 $ 10 $ 90 $ (54)
Basic earnings (loss) per share attributable to Bausch Health Companies Inc. (in dollars per share) $ 0.40 $ 0.03 $ 0.24 $ (0.15)
Diluted earnings (loss) per share attributable to Bausch Health Companies Inc. (in dollars per share) $ 0.40 $ 0.03 $ 0.24 $ (0.15)
Basic weighted-average common shares (in shares) 370.9 367.9 370.3 367.4
Diluted weighted-average common shares (in shares) 373.1 370.2 373.5 367.4
Product sales        
Revenues        
Revenues $ 2,504 $ 2,379 $ 4,731 $ 4,508
Expenses        
Cost of goods sold (excluding amortization and impairments of intangible assets) and Cost of other revenues 748 708 1,431 1,336
Other revenues        
Revenues        
Revenues 26 24 58 48
Expenses        
Cost of goods sold (excluding amortization and impairments of intangible assets) and Cost of other revenues $ 16 $ 11 $ 34 $ 23