SEGMENT INFORMATION (Tables)

12 Months Ended

Dec. 31, 2016

Segment Reporting [Abstract]

Schedule of segment revenues and profit

Segment revenues and profits for the years ended December 31, 2016, 2015 and 2014 were as follows:

(in millions)	2016			2015			2014
Revenues:
Bausch + Lomb/International	$	4,607		$	4,603		$	4,860
Branded Rx	3,148			3,582			1,592
U.S. Diversified Products	1,919			2,262			1,754
Total revenues	$	9,674		$	10,447		$	8,206
Segment profit:
Bausch + Lomb/International	$	1,356		$	1,553		$	1,695
Branded Rx	1,644			2,008			1,061
U.S. Diversified Products	1,522			1,785			1,283
Total segment profit	4,522			5,346			4,039
Corporate	(690		)	(518		)	(341		)
Amortization of intangible assets	(2,673		)	(2,257		)	(1,427		)
Goodwill impairments	(1,077		)	—			—
Asset impairments	(422		)	(304		)	(145		)
Restructuring and integration costs	(132		)	(362		)	(382		)
Acquired in-process research and development costs	(34		)	(106		)	(20		)
Acquisition-related contingent consideration	13			23			14
Other income (expense)	(73		)	(295		)	263
Operating (loss) income	(566		)	1,527			2,001
Interest income	8			4			5
Interest expense	(1,836		)	(1,563		)	(971		)
Loss on extinguishment of debt	—			(20		)	(130		)
Foreign exchange loss and other	(41		)	(103		)	(144		)
Gain on investments, net	—			—			293
(Loss) income before (recovery of) provision for income taxes	$	(2,435	)	$	(155	)	$	1,054

Schedule of total assets by segment

Total assets by segment as of December 31, 2016 and 2015 were as follows:

(in millions)	2016		2015
Bausch + Lomb/International	$	15,540	$	16,887
Branded Rx	21,804		24,901
U.S. Diversified Products	5,820		6,758
	43,164		48,546
Corporate	365		419
Total assets	$	43,529	$	48,965

Schedule of capital expenditures, depreciation and amortization by segment

Capital expenditures, depreciation and amortization of intangible assets, and asset impairments by segment for the years ended December 31, 2016, 2015 and 2014 were as follows:

(in millions)	2016		2015		2014
Capital expenditures:
Bausch + Lomb/International	$	208	$	180	$	171
Branded Rx	19		32		10
U.S. Diversified Products	2		5		3
	229		217		184
Corporate	6		18		108
Total capital expenditures	$	235	$	235	$	292
Depreciation and amortization of intangible assets:
Bausch + Lomb/International	$	768	$	762	$	799
Branded Rx	1,655		1,282		443
U.S. Diversified Products	408		387		341
	2,831		2,431		1,583
Corporate	35		36		31
Total depreciation and amortization of intangible assets	$	2,866	$	2,467	$	1,614
Asset impairments:
Bausch + Lomb/International	$	141	$	58	$	65
Branded Rx	227		192		51
U.S. Diversified Products	48		54		29
	416		304		145
Corporate	6		—		—
Total Asset impairments	$	422	$	304	$	145

Schedule of revenues by product category

Revenues by product category for the years ended December 31, 2016, 2015 and 2014 were as follows:

(in millions)	2016		2015		2014
Pharmaceuticals	$	5,167	$	6,058	$	3,413
Devices	1,518		1,495		1,629
OTC	1,581		1,583		1,711
Branded and Other Generics	1,270		1,156		1,293
Other revenues	138		155		160
	$	9,674	$	10,447	$	8,206

Schedule of revenues and long-lived assets by geographic region

Revenues are attributed to a geographic region based on the location of the customer for the years ended December 31, 2016, 2015 and 2014 were as follows:

(in millions)	2016		2015		2014
U.S. and Puerto Rico	$	6,247	$	7,063	$	4,415
Canada	320		334		375
China	300		272		232
Japan	232		206		249
Egypt	196		51		5
Mexico	189		204		222
France	186		178		205
Australia	176		182		196
Russia	165		169		275
Germany	157		159		204
Poland	140		214		276
Brazil	105		110		161
U.K.	104		105		114
Other Europe, Asia, the Middle East, Latin America, Africa and other	1,157		1,200		1,277
	$	9,674	$	10,447	$	8,206

Schedule of assets by geographic region

Long-lived assets consisting of property, plant and equipment, net of accumulated depreciation, are attributed to geographic regions based on their physical location as of December 31, 2016 and 2015 were as follows:

(in millions)	2016		2015(1)
U.S. and Puerto Rico	$	614	$	691
Ireland	198		133
Canada	83		76
Poland	81		89
Germany	60		63
Mexico	50		62
Egypt	41		97
France	29		30
China	26		33
Serbia	25		27
Italy	19		21
South Korea	14		14
Other Europe, Latin America, Asia, and the Middle East and other	72		106
	$	1,312	$	1,442

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(1) In 2015, Long-lived assets associated with the Company's Ireland manufacturing facility were incorrectly included within the U.S. and Puerto Rico balances, have been revised to properly reflect those assets as Ireland assets.

Schedule of external customers that accounted for 10% or more of total revenues

Customers that accounted for 10% or more of total revenues for the years ended December 31, 2016, 2015 and 2014 were as follows:

(in millions)	2016	2015	2014
McKesson Corporation	21%	20%	17%
Cardinal Health, Inc.	15%	12%	9%
AmerisourceBergen Corporation	13%	14%	10%