XML 144 R101.htm IDEA: XBRL DOCUMENT v2.4.1.9
INCOME TAXES (Details 4) (USD $)
In Millions, unless otherwise specified
12 Months Ended
Dec. 31, 2014
Dec. 31, 2013
INCOME TAXES    
Increase (decrease) in valuation allowance $ 381.6us-gaap_ValuationAllowanceDeferredTaxAssetChangeInAmount $ 353.1us-gaap_ValuationAllowanceDeferredTaxAssetChangeInAmount
Valuation allowance against deferred tax assets 859.2us-gaap_DeferredTaxAssetsValuationAllowance 477.6us-gaap_DeferredTaxAssetsValuationAllowance
Research and development tax credits 90.5vrx_DeferredTaxAssetsTaxCreditCarryforwardsResearchAndDevelopment 83.7vrx_DeferredTaxAssetsTaxCreditCarryforwardsResearchAndDevelopment
Accumulated tax losses related to the exercise of non qualified stock options and restricted stock awards 95.5vrx_AccumulatedLossesPreacquisitionNonQualifiedStockOptionsAndRestrictedStockAwards  
Unrecognized tax benefits including interest and penalties 345.0vrx_UnrecognizedTaxBenefitsIncludingInterestAndPenalties 247.5vrx_UnrecognizedTaxBenefitsIncludingInterestAndPenalties
Portion of unrecognized tax benefits, if recognized, would affect the Company's effective tax rate 108.7us-gaap_UnrecognizedTaxBenefitsThatWouldImpactEffectiveTaxRate 153.4us-gaap_UnrecognizedTaxBenefitsThatWouldImpactEffectiveTaxRate
Portion of unrecognized tax benefits that would not impact effective tax rate 236.3vrx_UnrecognizedTaxBenefitsThatWouldNotImpactEffectiveTaxRate  
Increase to unrecognized tax benefits related to current and prior year tax positions 143.0vrx_UnrecognizedTaxBenefitsIncreaseResultingfromPriorandCurrentPeriodTaxPositions 132.4vrx_UnrecognizedTaxBenefitsIncreaseResultingfromPriorandCurrentPeriodTaxPositions
Decrease to unrecognized tax benefits related to current and prior year tax positions 45.5vrx_UnrecognizedTaxBenefitsDecreaseResultingfromPriorandCurrentPeriodTaxPositions 12.8vrx_UnrecognizedTaxBenefitsDecreaseResultingfromPriorandCurrentPeriodTaxPositions
Accrued interest and penalties related to unrecognized tax benefits 38.7us-gaap_UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestAccrued 46.4us-gaap_UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestAccrued
Reduction recognized in interest and penalties 7.7us-gaap_UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestExpense 5.7us-gaap_UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestExpense
Estimated unrecognized tax benefits realized during the next 12 months 4.7vrx_EstimatedUnrecognizedTaxBenefitsRealizedInNextTwelveMonths  
Pooled Scientific Research and Experimental Development    
INCOME TAXES    
Tax credit carryforward 216.2us-gaap_TaxCreditCarryforwardAmount
/ us-gaap_ValuationAllowanceByDeferredTaxAssetAxis
= vrx_PooledScientificResearchAndExperimentalDevelopmentExpendituresMember
232.1us-gaap_TaxCreditCarryforwardAmount
/ us-gaap_ValuationAllowanceByDeferredTaxAssetAxis
= vrx_PooledScientificResearchAndExperimentalDevelopmentExpendituresMember
US-Federal    
INCOME TAXES    
Accumulated losses available for federal and provincial purposes 2,380.3vrx_AccumulatedLossesAvailableForFederalPurposes
/ us-gaap_IncomeTaxAuthorityAxis
= us-gaap_DomesticCountryMember
2,425.1vrx_AccumulatedLossesAvailableForFederalPurposes
/ us-gaap_IncomeTaxAuthorityAxis
= us-gaap_DomesticCountryMember
Research and development tax credits 71.3vrx_DeferredTaxAssetsTaxCreditCarryforwardsResearchAndDevelopment
/ us-gaap_IncomeTaxAuthorityAxis
= us-gaap_DomesticCountryMember
64.7vrx_DeferredTaxAssetsTaxCreditCarryforwardsResearchAndDevelopment
/ us-gaap_IncomeTaxAuthorityAxis
= us-gaap_DomesticCountryMember
Canadian Federal and Provincial    
INCOME TAXES    
Accumulated losses available for federal and provincial purposes 1,008.5vrx_AccumulatedLossesAvailableForFederalPurposes
/ us-gaap_IncomeTaxAuthorityAxis
= vrx_ForeignCountryStateAndLocalMember
717.9vrx_AccumulatedLossesAvailableForFederalPurposes
/ us-gaap_IncomeTaxAuthorityAxis
= vrx_ForeignCountryStateAndLocalMember
Unclaimed investment tax credits and research and development credits 39.2vrx_UnclaimedTaxCreditsAndResearchAndDevelopmentCredits
/ us-gaap_IncomeTaxAuthorityAxis
= vrx_ForeignCountryStateAndLocalMember
42.3vrx_UnclaimedTaxCreditsAndResearchAndDevelopmentCredits
/ us-gaap_IncomeTaxAuthorityAxis
= vrx_ForeignCountryStateAndLocalMember
Valuation allowance against deferred tax assets 572.0us-gaap_DeferredTaxAssetsValuationAllowance
/ us-gaap_IncomeTaxAuthorityAxis
= vrx_ForeignCountryStateAndLocalMember
253.6us-gaap_DeferredTaxAssetsValuationAllowance
/ us-gaap_IncomeTaxAuthorityAxis
= vrx_ForeignCountryStateAndLocalMember
Foreign Tax Authority    
INCOME TAXES    
Income tax credits and adjustments $ 167.2us-gaap_IncomeTaxCreditsAndAdjustments
/ us-gaap_IncomeTaxAuthorityAxis
= us-gaap_ForeignCountryMember