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CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
In Millions, unless otherwise specified
12 Months Ended
Dec. 31, 2014
Dec. 31, 2013
Dec. 31, 2012
Cash Flows From Operating Activities      
Net income (loss) $ 912.2us-gaap_ProfitLoss $ (863.6)us-gaap_ProfitLoss $ (116.0)us-gaap_ProfitLoss
Adjustments to reconcile net income (loss) to net cash provided by operating activities:      
Depreciation and amortization, including impairments of finite-lived intangible assets 1,737.6us-gaap_DepreciationAndAmortization 2,015.8us-gaap_DepreciationAndAmortization 986.2us-gaap_DepreciationAndAmortization
Amortization and write-off of debt discounts and debt issuance costs 70.0us-gaap_AmortizationOfFinancingCostsAndDiscounts 89.5us-gaap_AmortizationOfFinancingCostsAndDiscounts 36.4us-gaap_AmortizationOfFinancingCostsAndDiscounts
In-process research and development impairments 21.0us-gaap_ResearchAndDevelopmentInProcess 151.9us-gaap_ResearchAndDevelopmentInProcess 167.7us-gaap_ResearchAndDevelopmentInProcess
Acquisition accounting adjustment on inventory sold 27.3vrx_AcquisitionAccountingAdjustmentOnInventorySold 372.4vrx_AcquisitionAccountingAdjustmentOnInventorySold 78.8vrx_AcquisitionAccountingAdjustmentOnInventorySold
Acquisition-related contingent consideration (14.1)vrx_BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationAssetCash (29.2)vrx_BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationAssetCash (5.3)vrx_BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationAssetCash
Allowances for losses on accounts receivable and inventories 81.3vrx_AllowancesForLossesOnAccountsReceivableAndInventories 68.3vrx_AllowancesForLossesOnAccountsReceivableAndInventories 21.8vrx_AllowancesForLossesOnAccountsReceivableAndInventories
Deferred income taxes 81.8vrx_DeferredIncomeTaxNoncashExpenseBenefit (515.9)vrx_DeferredIncomeTaxNoncashExpenseBenefit (319.6)vrx_DeferredIncomeTaxNoncashExpenseBenefit
(Gain) loss on disposal of assets and businesses (253.5)us-gaap_GainLossOnDispositionOfAssets 10.2us-gaap_GainLossOnDispositionOfAssets 10.8us-gaap_GainLossOnDispositionOfAssets
(Reduction) additions to accrued legal settlements (44.7)us-gaap_GainLossRelatedToLitigationSettlement 220.5us-gaap_GainLossRelatedToLitigationSettlement 56.8us-gaap_GainLossRelatedToLitigationSettlement
Payments of accrued legal settlements (3.2)us-gaap_PaymentsForLegalSettlements (180.8)us-gaap_PaymentsForLegalSettlements (41.8)us-gaap_PaymentsForLegalSettlements
Share-based compensation 78.2us-gaap_ShareBasedCompensation 45.5us-gaap_ShareBasedCompensation 66.2us-gaap_ShareBasedCompensation
Tax benefits from stock options exercised (17.1)us-gaap_DeferredTaxExpenseFromStockOptionsExercised (24.2)us-gaap_DeferredTaxExpenseFromStockOptionsExercised (12.5)us-gaap_DeferredTaxExpenseFromStockOptionsExercised
Foreign exchange loss (gain) 135.1us-gaap_ForeignCurrencyTransactionGainLossUnrealized 9.8us-gaap_ForeignCurrencyTransactionGainLossUnrealized (23.8)us-gaap_ForeignCurrencyTransactionGainLossUnrealized
Loss on extinguishment of debt 129.6us-gaap_GainsLossesOnExtinguishmentOfDebt 65.0us-gaap_GainsLossesOnExtinguishmentOfDebt 20.1us-gaap_GainsLossesOnExtinguishmentOfDebt
Payment of accreted interest on contingent consideration (10.7)vrx_PaymentOfAccretedInterestOnContingentConsideration (11.1)vrx_PaymentOfAccretedInterestOnContingentConsideration (2.3)vrx_PaymentOfAccretedInterestOnContingentConsideration
Other 32.3us-gaap_OtherNoncashIncomeExpense (3.8)us-gaap_OtherNoncashIncomeExpense (13.6)us-gaap_OtherNoncashIncomeExpense
Changes in operating assets and liabilities:      
Trade receivables (572.4)us-gaap_IncreaseDecreaseInAccountsReceivable (300.6)us-gaap_IncreaseDecreaseInAccountsReceivable (175.8)us-gaap_IncreaseDecreaseInAccountsReceivable
Inventories (174.3)us-gaap_IncreaseDecreaseInInventories (122.7)us-gaap_IncreaseDecreaseInInventories (80.3)us-gaap_IncreaseDecreaseInInventories
Prepaid expenses and other current assets (110.3)us-gaap_IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets 121.5us-gaap_IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets 11.2us-gaap_IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
Accounts payable, accrued and other liabilities 188.6us-gaap_IncreaseDecreaseInAccountsPayableAndAccruedLiabilities (76.5)us-gaap_IncreaseDecreaseInAccountsPayableAndAccruedLiabilities (8.4)us-gaap_IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
Net cash provided by operating activities 2,294.7us-gaap_NetCashProvidedByUsedInOperatingActivities 1,042.0us-gaap_NetCashProvidedByUsedInOperatingActivities 656.6us-gaap_NetCashProvidedByUsedInOperatingActivities
Cash Flows From Investing Activities      
Acquisition of businesses, net of cash acquired (1,102.6)us-gaap_PaymentsToAcquireBusinessesNetOfCashAcquired (5,253.5)us-gaap_PaymentsToAcquireBusinessesNetOfCashAcquired (3,485.3)us-gaap_PaymentsToAcquireBusinessesNetOfCashAcquired
Acquisition of intangible assets and other assets (179.0)us-gaap_PaymentsToAcquireIntangibleAssets (69.6)us-gaap_PaymentsToAcquireIntangibleAssets (73.5)us-gaap_PaymentsToAcquireIntangibleAssets
Purchases of property, plant and equipment (291.6)us-gaap_PaymentsToAcquirePropertyPlantAndEquipment (115.3)us-gaap_PaymentsToAcquirePropertyPlantAndEquipment (107.6)us-gaap_PaymentsToAcquirePropertyPlantAndEquipment
Proceeds from sale of assets and businesses, net of costs to sell 1,492.3us-gaap_ProceedsFromSaleOfPropertyPlantAndEquipment 41.1us-gaap_ProceedsFromSaleOfPropertyPlantAndEquipment 92.0us-gaap_ProceedsFromSaleOfPropertyPlantAndEquipment
Proceeds from sales and maturities of marketable securities and short-term investments 53.2us-gaap_ProceedsFromSaleAndMaturityOfAvailableForSaleSecurities 35.2us-gaap_ProceedsFromSaleAndMaturityOfAvailableForSaleSecurities 624.8us-gaap_ProceedsFromSaleAndMaturityOfAvailableForSaleSecurities
Purchases of marketable securities and short-term investments (72.0)us-gaap_PaymentsToAcquireMarketableSecurities (18.2)us-gaap_PaymentsToAcquireMarketableSecurities (7.2)us-gaap_PaymentsToAcquireMarketableSecurities
Purchase of equity method investment (75.9)us-gaap_PaymentsToAcquireEquityMethodInvestments 0us-gaap_PaymentsToAcquireEquityMethodInvestments 0us-gaap_PaymentsToAcquireEquityMethodInvestments
Proceeds from sale of equity method investment 75.9us-gaap_ProceedsFromSaleOfEquityMethodInvestments 0us-gaap_ProceedsFromSaleOfEquityMethodInvestments 0us-gaap_ProceedsFromSaleOfEquityMethodInvestments
Increase in restricted cash 0us-gaap_IncreaseDecreaseInRestrictedCash 0us-gaap_IncreaseDecreaseInRestrictedCash (8.9)us-gaap_IncreaseDecreaseInRestrictedCash
Net cash used in investing activities (99.7)us-gaap_NetCashProvidedByUsedInInvestingActivities (5,380.3)us-gaap_NetCashProvidedByUsedInInvestingActivities (2,965.7)us-gaap_NetCashProvidedByUsedInInvestingActivities
Cash Flows From Financing Activities      
Issuance of long-term debt, net of discount 1,632.6us-gaap_ProceedsFromIssuanceOfLongTermDebt 8,429.6us-gaap_ProceedsFromIssuanceOfLongTermDebt 6,005.8us-gaap_ProceedsFromIssuanceOfLongTermDebt
Repayments of long-term debt (3,888.0)us-gaap_RepaymentsOfLongTermDebt (6,326.2)us-gaap_RepaymentsOfLongTermDebt (1,929.1)us-gaap_RepaymentsOfLongTermDebt
Short-term debt borrowings 19.4us-gaap_ProceedsFromShortTermDebt 27.4us-gaap_ProceedsFromShortTermDebt 35.4us-gaap_ProceedsFromShortTermDebt
Short-term debt repayments (28.4)us-gaap_RepaymentsOfShortTermDebt (75.1)us-gaap_RepaymentsOfShortTermDebt (31.1)us-gaap_RepaymentsOfShortTermDebt
Issuance of common stock, net 0us-gaap_ProceedsFromIssuanceOfCommonStock 2,307.4us-gaap_ProceedsFromIssuanceOfCommonStock 0us-gaap_ProceedsFromIssuanceOfCommonStock
Repurchases of common shares 0us-gaap_PaymentsForRepurchaseOfCommonStock (55.6)us-gaap_PaymentsForRepurchaseOfCommonStock (280.7)us-gaap_PaymentsForRepurchaseOfCommonStock
Proceeds from exercise of stock options 17.2us-gaap_ProceedsFromStockOptionsExercised 10.0us-gaap_ProceedsFromStockOptionsExercised 23.0us-gaap_ProceedsFromStockOptionsExercised
Tax benefits from stock options exercised 17.1us-gaap_ExcessTaxBenefitFromShareBasedCompensationFinancingActivities 24.2us-gaap_ExcessTaxBenefitFromShareBasedCompensationFinancingActivities 12.5us-gaap_ExcessTaxBenefitFromShareBasedCompensationFinancingActivities
Cash settlement of convertible debt 0vrx_SettlementOfConvertibleDebt 0vrx_SettlementOfConvertibleDebt (606.3)vrx_SettlementOfConvertibleDebt
Payment of employee withholding tax upon vesting of share-based awards (44.1)us-gaap_PaymentsRelatedToTaxWithholdingForShareBasedCompensation (65.5)us-gaap_PaymentsRelatedToTaxWithholdingForShareBasedCompensation (31.1)us-gaap_PaymentsRelatedToTaxWithholdingForShareBasedCompensation
Payments of contingent consideration (106.1)vrx_PaymentsOfContingentConsideration (130.1)vrx_PaymentsOfContingentConsideration (103.9)vrx_PaymentsOfContingentConsideration
Payments of financing costs (55.2)us-gaap_PaymentsOfDebtIssuanceCosts (116.3)us-gaap_PaymentsOfDebtIssuanceCosts (33.2)us-gaap_PaymentsOfDebtIssuanceCosts
Other (8.2)us-gaap_PaymentsToMinorityShareholders (2.1)us-gaap_PaymentsToMinorityShareholders (4.0)us-gaap_PaymentsToMinorityShareholders
Net cash (used in) provided by financing activities (2,443.7)us-gaap_NetCashProvidedByUsedInFinancingActivities 4,027.7us-gaap_NetCashProvidedByUsedInFinancingActivities 3,057.3us-gaap_NetCashProvidedByUsedInFinancingActivities
Effect of exchange rate changes on cash and cash equivalents (29.0)us-gaap_EffectOfExchangeRateOnCashAndCashEquivalentsContinuingOperations (5.2)us-gaap_EffectOfExchangeRateOnCashAndCashEquivalentsContinuingOperations 3.8us-gaap_EffectOfExchangeRateOnCashAndCashEquivalentsContinuingOperations
Net (decrease) increase in cash and cash equivalents (277.7)us-gaap_NetCashProvidedByUsedInContinuingOperations (315.8)us-gaap_NetCashProvidedByUsedInContinuingOperations 752.0us-gaap_NetCashProvidedByUsedInContinuingOperations
Cash and cash equivalents, beginning of year 600.3us-gaap_CashAndCashEquivalentsAtCarryingValue 916.1us-gaap_CashAndCashEquivalentsAtCarryingValue 164.1us-gaap_CashAndCashEquivalentsAtCarryingValue
Cash and cash equivalents, end of year 322.6us-gaap_CashAndCashEquivalentsAtCarryingValue 600.3us-gaap_CashAndCashEquivalentsAtCarryingValue 916.1us-gaap_CashAndCashEquivalentsAtCarryingValue
Non-Cash Investing and Financing Activities      
Acquisition of businesses, contingent consideration at fair value (93.8)vrx_BusinessAcquisitionCostOfAcquiredEntityLiabilitiesIncurredContingentConsiderationAtFairValue (76.1)vrx_BusinessAcquisitionCostOfAcquiredEntityLiabilitiesIncurredContingentConsiderationAtFairValue (145.7)vrx_BusinessAcquisitionCostOfAcquiredEntityLiabilitiesIncurredContingentConsiderationAtFairValue
Acquisition of businesses, debt assumed $ (11.2)us-gaap_NoncashOrPartNoncashAcquisitionDebtAssumed1 $ (4,264.7)us-gaap_NoncashOrPartNoncashAcquisitionDebtAssumed1 $ (825.2)us-gaap_NoncashOrPartNoncashAcquisitionDebtAssumed1