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SEGMENT INFORMATION (Tables)
 9 Months Ended
Sep. 30, 2014
Segment Reporting [Abstract]  
Schedule of segment revenues and profit
Segment revenues and profit (loss) for the three-month and nine-month periods ended September 30, 2014 and 2013 were as follows:
 
Three Months Ended
September 30,
 
Nine Months Ended
September 30,
 
2014
 
2013
 
2014
 
2013
Revenues:
 
 
 
 
 
 
 
Developed Markets(1)
$
1,507.9

 
$
1,142.7

 
$
4,409.4

 
$
2,722.8

Emerging Markets(2)
548.3

 
399.0

 
1,574.1

 
983.0

Total revenues
2,056.2

 
1,541.7

 
5,983.5

 
3,705.8

 
 
 
 
 
 
 
 
Segment profit (loss):
 
 
 
 
 
 
 
Developed Markets(3)
478.0

 
(328.6
)
 
1,375.3

 
106.3

Emerging Markets(4)
104.0

 
19.5

 
268.1

 
63.9

Total segment profit (loss)
582.0

 
(309.1
)
 
1,643.4

 
170.2

 
 
 
 
 
 
 
 
Corporate(5)
(42.9
)
 
(39.3
)
 
(127.3
)
 
(129.8
)
Restructuring, integration and other costs
(61.7
)
 
(243.1
)
 
(337.4
)
 
(345.7
)
In-process research and development impairments and other charges
(19.9
)
 
(124.0
)
 
(40.3
)
 
(128.8
)
Acquisition-related costs
(1.6
)
 
(8.6
)
 
(3.7
)
 
(24.4
)
Acquisition-related contingent consideration
(4.0
)
 
35.0

 
(14.8
)
 
33.5

Other income (expense)
232.0

 
(202.4
)
 
275.7

 
(208.0
)
Operating income (loss)
683.9

 
(891.5
)
 
1,395.6

 
(633.0
)
Interest income
0.8

 
2.8

 
3.8

 
5.4

Interest expense
(258.4
)
 
(249.3
)
 
(746.1
)
 
(581.4
)
Loss on extinguishment of debt
—

 
(8.2
)
 
(93.7
)
 
(29.6
)
Foreign exchange and other
(53.0
)
 
5.1

 
(63.0
)
 
(3.5
)
Gain on investments, net
3.4

 
—

 
5.9

 
5.8

Income (loss) before provision for (recovery of) income taxes
$
376.7

 
$
(1,141.1
)
 
$
502.5

 
$
(1,236.3
)
____________________________________
(1)
Developed Markets segment revenues reflect incremental product sales revenue of $254.2 million and $1,628.6 million, in the aggregate, from all 2013 acquisitions and all 2014 acquisitions in the three-month and nine-month periods ended September 30, 2014, respectively, primarily from the B&L, Solta Medical and PreCision acquisitions.
(2)
Emerging Markets segment revenues reflect incremental product sales revenue of $89.3 million and $556.3 million, in the aggregate, from all 2013 acquisitions and all 2014 acquisitions in the three-month and nine-month periods ended September 30, 2014, respectively, primarily from the B&L and Solta Medical acquisitions.
(3)
Developed Markets segment profit (loss) reflects the addition of operations from all 2013 acquisitions and all 2014 acquisitions, including the impact of acquisition accounting adjustments related to the fair value adjustments to inventory and identifiable intangible assets of $223.9 million and $665.3 million, in the aggregate, in the three-month and nine-month periods ended September 30, 2014, respectively, primarily from B&L and Medicis operations. Developed Markets segment profit (loss) in the three-month and nine-month periods ended September 30, 2013 reflects an impairment charge of $551.6 million related to ezogabine/retigabine.
(4)
Emerging Markets segment profit reflects the addition of operations from all 2013 acquisitions and all 2014 acquisitions, including the impact of acquisition accounting adjustments related to the fair value adjustments to inventory and identifiable intangible assets of $89.5 million, and $243.2 million in the aggregate, in the three-month and nine-month periods ended September 30, 2014, respectively, primarily from B&L operations.
(5)
Corporate reflects non-restructuring-related share-based compensation expense of $11.0 million and $32.1 million in the three-month and nine-month periods ended September 30, 2014, respectively, compared with $16.0 million and $32.5 million in the corresponding periods of 2013.
Schedule of total assets by segment
Total assets by segment as of September 30, 2014 and December 31, 2013 were as follows:
 
As of
September 30,
2014
 
As of
December 31,
2013
Assets(1):
 
 
 
Developed Markets(2)
$
19,450.2

 
$
20,007.2

Emerging Markets(3)
6,298.8

 
6,907.8

 
25,749.0

 
26,915.0

Corporate
1,310.6

 
1,055.8

Total assets
$
27,059.6

 
$
27,970.8

____________________________________
(1)
The segment assets as of December 31, 2013 contain reclassifications between segments to conform to the current period presentation.
(2)
Developed Markets segment assets as of September 30, 2014 reflect (i) the divestiture of filler and toxin assets in July 2014 with the carrying values of the related assets of $1.0 billion, in the aggregate, (see note 4 titled “DIVESTITURES” for further information), (ii) the provisional amounts of identifiable intangible assets and goodwill of the PreCision acquisition of $261.2 million and $181.3 million, respectively, and (iii) the provisional amounts of identifiable intangible assets and goodwill of the Solta Medical acquisition of $103.5 million and $64.4 million, respectively.
(3)
Emerging Markets segment assets as of September 30, 2014 reflect the provisional amounts of identifiable intangible assets and goodwill of the Solta Medical acquisition of $69.4 million and $42.9 million, respectively.