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SEGMENT INFORMATION (Tables)
 9 Months Ended
Sep. 30, 2024
Segment Reporting [Abstract]  
Schedule of segment revenues and profit
Segment revenues and profits for the three and nine months ended September 30, 2024 and 2023 were as follows:
Three Months Ended September 30,Nine Months Ended September 30,
(in millions)2024202320242023
Revenues:  
Vision Care$684 $648 $2,016 $1,881 
Pharmaceuticals306 174 883 529 
Surgical206 185 612 563 
Total revenues$1,196 $1,007 $3,511 $2,973 
Segment profit:  
Vision Care$201 $182 $571 $503 
Pharmaceuticals69 53 200 167 
Surgical13 9 28 29 
Total segment profit283 244 799 699 
Corporate(146)(129)(459)(404)
Amortization of intangible assets(72)(47)(220)(160)
Other expense, net(22)(28)(45)(54)
Operating income43 40 75 81 
Interest income4 4 10 12 
Interest expense(100)(76)(301)(184)
Foreign exchange and other(5)(3)(8)(18)
Loss before provision for income taxes$(58)$(35)$(224)$(109)
Schedule of revenues by segment and product category
Revenues by segment and product category were as follows:
Vision CarePharmaceuticalsSurgicalTotal
Three Months Ended September 30,
(in millions)20242023202420232024202320242023
Pharmaceuticals$1 $1 $246 $112 $— $— $247 $113 
Devices250 227 — — 205 184 455 411 
OTC420 408 — — — — 420 408 
Branded and Other Generics11 10 59 62 — — 70 72 
Other revenues2 2 1 — 1 1 4 3 
$684 $648 $306 $174 $206 $185 $1,196 $1,007 
Nine Months Ended September 30,
20242023202420232024202320242023
Pharmaceuticals$3 $3 $698 $352 $— $— $701 $355 
Devices716 666 — — 608 559 1,324 1,225 
OTC1,262 1,182 — — — — 1,262 1,182 
Branded and Other Generics29 24 183 177 — — 212 201 
Other revenues6 6 2 — 4 4 12 10 
$2,016 $1,881 $883 $529 $612 $563 $3,511 $2,973 
Schedule of revenue attributed to a geographic region
Revenues are attributed to a geographic region based on the location of the customer and were as follows:
Three Months Ended
September 30,		Nine Months Ended
September 30,
(in millions)2024202320242023
U.S. and Puerto Rico$609 $471 $1,756 $1,341 
China92 87 262 250 
France52 47 176 165 
Japan45 45 130 139 
Germany38 33 120 115 
United Kingdom33 31 97 89 
Canada33 27 93 80 
Russia31 26 88 76 
Italy22 19 68 61 
Spain20 18 66 62 
Mexico18 19 55 50 
Poland17 11 50 37 
South Korea12 12 35 35 
Other174 161 515 473 
$1,196 $1,007 $3,511 $2,973 
Schedule of customers that accounted for 10% or more of total revenue
Major customers that accounted for 10% or more of total revenues were as follows:
Nine Months Ended
September 30,
2024
McKesson Corporation10 %