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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 9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Sep. 30, 2016
Sep. 30, 2015
Revenues        
Product sales $ 2,443.6 $ 2,748.2 $ 7,168.4 $ 7,569.3
Other revenues 36.0 38.6 103.0 120.0
Total revenues 2,479.6 2,786.8 7,271.4 7,689.3
Operating Expenses        
Cost of goods sold (exclusive of amortization and impairments of finite-lived intangible assets shown separately below) 649.2 634.6 1,916.7 1,812.4
Cost of other revenues 8.8 13.6 29.0 43.1
Selling, general and administrative 660.9 697.6 2,145.0 1,956.9
Research and development 100.8 101.6 328.2 238.5
Amortization and impairments of finite-lived intangible assets 807.1 679.2 2,389.2 1,629.8
Restructuring and integration costs 20.7 75.6 78.2 274.0
In-process research and development impairments and other changes 36.0 95.8 53.9 108.1
Acquisition-related costs 0.0 7.0 1.8 30.4
Acquisition-related contingent consideration 9.0 3.8 18.3 22.6
Other income (expense) 1.1 30.2 (21.6) 213.2
Total expenses 3,342.6 2,339.0 7,987.7 6,329.0
Operating (loss) income (863.0) 447.8 (716.3) 1,360.3
Interest income 2.5 0.7 5.5 2.5
Interest expense (469.6) (420.2) (1,368.7) (1,130.7)
Loss on extinguishment of debt 0.0 0.0 0.0 (20.0)
Foreign exchange (loss) gain and other (2.3) (34.0) 4.6 (99.5)
(Loss) income before (recovery of) provision for income taxes (1,332.4) (5.7) (2,074.9) 112.6
(Recovery of) provision for income taxes (113.3) (57.4) (178.9) 14.0
Net (loss) income (1,219.1) 51.7 (1,896.0) 98.6
Less: Net (loss) income attributable to noncontrolling interest (0.7) 2.2 (1.6) 4.4
Net (loss) income attributable to Valeant Pharmaceuticals International, Inc. $ (1,218.4) $ 49.5 $ (1,894.4) $ 94.2
Earnings (loss) per share attributable to Valeant Pharmaceuticals International, Inc.:        
Basic (in usd per share) $ (3.49) $ 0.14 $ (5.47) $ 0.28
Diluted (in usd per share) $ (3.49) $ 0.14 $ (5.47) $ 0.27
Weighted-average common shares outstanding (in millions)        
Basic (in shares) 349.5 344.9 346.5 340.8
Diluted (in shares) 349.5 351.0 346.5 347.2
Revenue Recognition Correction        
Revenues        
Product sales       $ 7,569.3
Other revenues       120.0
Total revenues       7,689.3
Operating Expenses        
Cost of goods sold (exclusive of amortization and impairments of finite-lived intangible assets shown separately below)       1,812.4
Cost of other revenues       43.1
Selling, general and administrative       1,956.9
Research and development       238.5
Amortization and impairments of finite-lived intangible assets       1,629.8
Restructuring and integration costs       274.0
In-process research and development impairments and other changes       108.1
Acquisition-related costs       30.4
Acquisition-related contingent consideration       22.6
Other income (expense)       213.2
Total expenses       6,329.0
Operating (loss) income       1,360.3
Interest income       2.5
Interest expense       (1,130.7)
Loss on extinguishment of debt       (20.0)
Foreign exchange (loss) gain and other       (99.5)
(Loss) income before (recovery of) provision for income taxes       112.6
(Recovery of) provision for income taxes       14.0
Net (loss) income       98.6
Less: Net (loss) income attributable to noncontrolling interest       4.4
Net (loss) income attributable to Valeant Pharmaceuticals International, Inc.       $ 94.2
Earnings (loss) per share attributable to Valeant Pharmaceuticals International, Inc.:        
Basic (in usd per share)       $ 0.28
Diluted (in usd per share)       $ 0.27
Weighted-average common shares outstanding (in millions)        
Basic (in shares)       340.8
Diluted (in shares)       347.2
Revenue Recognition Correction | Amounts Recognized as of Acquisition Date (as previously reported)        
Revenues        
Product sales       $ 7,590.1
Other revenues       120.0
Total revenues       7,710.1
Operating Expenses        
Cost of goods sold (exclusive of amortization and impairments of finite-lived intangible assets shown separately below)       1,864.9
Cost of other revenues       43.1
Selling, general and administrative       1,956.9
Research and development       238.5
Amortization and impairments of finite-lived intangible assets       1,629.8
Restructuring and integration costs       274.0
In-process research and development impairments and other changes       108.1
Acquisition-related costs       26.3
Acquisition-related contingent consideration       22.6
Other income (expense)       213.2
Total expenses       6,377.4
Operating (loss) income       1,332.7
Interest income       2.5
Interest expense       (1,130.7)
Loss on extinguishment of debt       (20.0)
Foreign exchange (loss) gain and other       (99.5)
(Loss) income before (recovery of) provision for income taxes       85.0
(Recovery of) provision for income taxes       10.4
Net (loss) income       74.6
Less: Net (loss) income attributable to noncontrolling interest       4.4
Net (loss) income attributable to Valeant Pharmaceuticals International, Inc.       $ 70.2
Earnings (loss) per share attributable to Valeant Pharmaceuticals International, Inc.:        
Basic (in usd per share)       $ 0.21
Diluted (in usd per share)       $ 0.20
Weighted-average common shares outstanding (in millions)        
Basic (in shares)       340.8
Diluted (in shares)       347.2
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 and integration costs       0.0
In-process research and development impairments and other changes       0.0
Acquisition-related costs       4.1
Acquisition-related contingent consideration       0.0
Other income (expense)       0.0
Total expenses       (48.4)
Operating (loss) income       27.6
Interest income       0.0
Interest expense       0.0
Loss on extinguishment of debt       0.0
Foreign exchange (loss) gain 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
Earnings (loss) per share attributable to Valeant Pharmaceuticals International, Inc.:        
Basic (in usd per share)       $ 0.07
Diluted (in usd per share)       $ 0.07