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RESTATEMENT OF PREVIOUSLY ISSUED FINANCIAL STATEMENTS - Income Statement (Details) - USD ($)
$ / shares in Units, shares in Millions, $ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Jun. 30, 2016
Jun. 30, 2015
Revenues        
Product sales $ 2,388.7 $ 2,695.0 $ 4,724.8 $ 4,821.1
Other revenues 31.5 37.4 67.0 81.4
Total revenues 2,420.2 2,732.4 4,791.8 4,902.5
Operating Expenses        
Cost of goods sold (exclusive of amortization and impairments of finite-lived intangible assets shown separately below) 647.3 669.9 1,267.5 1,177.8
Cost of other revenues 10.5 15.2 20.2 29.5
Selling, general and administrative 671.5 685.5 1,484.1 1,259.3
Research and development 124.3 81.1 227.4 136.9
Amortization and impairments of finite-lived intangible assets 887.6 585.4 1,582.1 950.6
Restructuring, integration and other costs 19.5 143.4 57.5 198.4
In-process research and development impairments and other charges 17.4 12.3 17.9 12.3
Acquisition-related costs 0.0 9.5 1.8 23.4
Acquisition-related contingent consideration 6.9 11.7 9.3 18.8
Other income (expense) (45.3) 176.9 (22.7) 183.0
Total expenses 2,339.7 2,390.9 4,645.1 3,990.0
Operating income 80.5 341.5 146.7 912.5
Interest income 2.1 0.9 3.0 1.8
Interest expense (472.5) (412.7) (899.1) (710.5)
Loss on extinguishment of debt 0.0 0.0 0.0 (20.0)
Foreign exchange and other 13.1 5.6 6.9 (65.5)
(Loss) income before (recovery of) provision for income taxes (376.8) (64.7) (742.5) 118.3
(Recovery of) provision for income taxes (72.8) (13.1) (65.6) 71.4
Net (loss) income (304.0) (51.6) (676.9) 46.9
Less: Net (loss) income attributable to noncontrolling interest (1.7) 1.4 (0.9) 2.2
Net (loss) income attributable to Valeant Pharmaceuticals International, Inc. $ (302.3) $ (53.0) $ (676.0) $ 44.7
Loss per share attributable to Valeant Pharmaceuticals International, Inc.:        
Basic (in usd per share) $ (0.88) $ (0.15) $ (1.96) $ 0.13
Diluted (in usd per share) $ (0.88) $ (0.15) $ (1.96) $ 0.13
Weighted-average common shares outstanding (in millions)        
Basic (in shares) 345.0 344.4 344.9 340.5
Diluted (in shares) 345.0 344.4 344.9 347.1
Revenue Recognition Correction        
Revenues        
Product sales       $ 4,821.1
Other revenues       81.4
Total revenues       4,902.5
Operating Expenses        
Cost of goods sold (exclusive of amortization and impairments of finite-lived intangible assets shown separately below)       1,177.8
Cost of other revenues       29.5
Selling, general and administrative       1,259.3
Research and development       136.9
Amortization and impairments of finite-lived intangible assets       950.6
Restructuring, integration and other costs       198.4
In-process research and development impairments and other charges       12.3
Acquisition-related costs       23.4
Acquisition-related contingent consideration       18.8
Other income (expense)       183.0
Total expenses       3,990.0
Operating income       912.5
Interest income       1.8
Interest expense       (710.5)
Loss on extinguishment of debt       (20.0)
Foreign exchange and other       (65.5)
(Loss) income before (recovery of) provision for income taxes       118.3
(Recovery of) provision for income taxes       71.4
Net (loss) income       46.9
Less: Net (loss) income attributable to noncontrolling interest       2.2
Net (loss) income attributable to Valeant Pharmaceuticals International, Inc.       $ 44.7
Loss per share attributable to Valeant Pharmaceuticals International, Inc.:        
Basic (in usd per share)       $ 0.13
Diluted (in usd per share)       $ 0.13
Weighted-average common shares outstanding (in millions)        
Basic (in shares)       340.5
Diluted (in shares)       347.1
Revenue Recognition Correction | Amounts Recognized as of Acquisition Date (as previously reported)        
Revenues        
Product sales       $ 4,841.9
Other revenues       81.4
Total revenues       4,923.3
Operating Expenses        
Cost of goods sold (exclusive of amortization and impairments of finite-lived intangible assets shown separately below)       1,230.3
Cost of other revenues       29.5
Selling, general and administrative       1,259.3
Research and development       136.9
Amortization and impairments of finite-lived intangible assets       950.6
Restructuring, integration and other costs       198.4
In-process research and development impairments and other charges       12.3
Acquisition-related costs       19.3
Acquisition-related contingent consideration       18.8
Other income (expense)       183.0
Total expenses       4,038.4
Operating income       884.9
Interest income       1.8
Interest expense       (710.5)
Loss on extinguishment of debt       (20.0)
Foreign exchange and other       (65.5)
(Loss) income before (recovery of) provision for income taxes       90.7
(Recovery of) provision for income taxes       67.8
Net (loss) income       22.9
Less: Net (loss) income attributable to noncontrolling interest       2.2
Net (loss) income attributable to Valeant Pharmaceuticals International, Inc.       $ 20.7
Loss per share attributable to Valeant Pharmaceuticals International, Inc.:        
Basic (in usd per share)       $ 0.06
Diluted (in usd per share)       $ 0.06
Weighted-average common shares outstanding (in millions)        
Basic (in shares)       340.5
Diluted (in shares)       347.1
Revenue Recognition Correction | Restatement Adjustment        
Revenues        
Product sales       $ (20.8)
Other revenues       0.0
Total revenues       (20.8)
Operating Expenses        
Cost of goods sold (exclusive of amortization and impairments of finite-lived intangible assets shown separately below)       (52.5)
Cost of other revenues       0.0
Selling, general and administrative       0.0
Research and development       0.0
Amortization and impairments of finite-lived intangible assets       0.0
Restructuring, integration and other costs       0.0
In-process research and development impairments and other charges       0.0
Acquisition-related costs       4.1
Acquisition-related contingent consideration       0.0
Other income (expense)       0.0
Total expenses       (48.4)
Operating income       27.6
Interest income       0.0
Interest expense       0.0
Loss on extinguishment of debt       0.0
Foreign exchange and other       0.0
(Loss) income before (recovery of) provision for income taxes       27.6
(Recovery of) provision for income taxes       3.6
Net (loss) income       24.0
Less: Net (loss) income attributable to noncontrolling interest       0.0
Net (loss) income attributable to Valeant Pharmaceuticals International, Inc.       $ 24.0
Loss per share attributable to Valeant Pharmaceuticals International, Inc.:        
Basic (in usd per share)       $ 0.07
Diluted (in usd per share)       $ 0.07