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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Millions, $ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Sep. 30, 2018
Sep. 30, 2017
Revenues        
Revenues $ 2,136 $ 2,219 $ 6,259 $ 6,561
Expenses        
Selling, general and administrative 614 623 1,847 1,943
Research and development 107 81 293 271
Amortization of intangible assets 658 657 2,142 1,915
Goodwill impairments 0 312 2,213 312
Asset impairments 89 406 434 629
Restructuring and integration costs 3 6 16 42
Acquired in-process research and development costs 0 0 1 5
Acquisition-related contingent consideration (19) (238) (23) (297)
Other income, net (15) (325) (4) (584)
Total expenses 2,019 2,181 8,668 6,137
Operating income (loss) 117 38 (2,409) 424
Interest income 3 3 9 9
Interest expense (420) (459) (1,271) (1,392)
Loss on extinguishment of debt 0 (1) (75) (65)
Foreign exchange and other 0 19 18 87
Loss before (provision for) benefit from income taxes (300) (400) (3,728) (937)
(Provision for) benefit from income taxes (51) 1,700 (74) 2,829
Net (loss) income (351) 1,300 (3,802) 1,892
Net loss (income) attributable to noncontrolling interest 1 1 (2) (1)
Net (loss) income attributable to Bausch Health Companies Inc. $ (350) $ 1,301 $ (3,804) $ 1,891
(Loss) earnings per share attributable to Bausch Health Companies Inc.:        
Basic (in usd per share) $ (1.00) $ 3.71 $ (10.83) $ 5.40
Diluted (in usd per share) $ (1.00) $ 3.69 $ (10.83) $ 5.38
Weighted-average common shares        
Basic (in shares) 351.5 350.4 351.1 350.1
Diluted (in shares) 351.5 352.3 351.1 351.4
Product sales        
Revenues        
Revenues $ 2,108 $ 2,186 $ 6,173 $ 6,462
Expenses        
Cost of goods sold (excluding amortization and impairments of intangible assets) 573 650 1,717 1,869
Other revenues        
Revenues        
Revenues 28 33 86 99
Expenses        
Cost of goods sold (excluding amortization and impairments of intangible assets) $ 9 $ 9 $ 32 $ 32