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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Millions, $ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Sep. 30, 2019
Sep. 30, 2018
Revenues        
Revenues $ 2,209 $ 2,136 $ 6,377 $ 6,259
Expenses        
Selling, general and administrative 648 614 1,886 1,847
Research and development 123 107 357 293
Amortization of intangible assets 475 658 1,452 2,142
Goodwill impairments 0 0 0 2,213
Asset impairments 33 89 49 434
Restructuring and integration costs 4 3 28 16
Acquisition-related contingent consideration 3 (19) 2 (23)
Other expense (income), net 10 (15) 15 (3)
Total expenses 1,880 2,019 5,504 8,668
Operating income (loss) 329 117 873 (2,409)
Interest income 2 3 9 9
Interest expense (406) (420) (1,221) (1,271)
Loss on extinguishment of debt 0 0 (40) (75)
Foreign exchange and other 9 0 12 18
Loss before benefit from (provision for) income taxes (66) (300) (367) (3,728)
Benefit from (provision for) income taxes 18 (51) 101 (74)
Net loss (48) (351) (266) (3,802)
Net (income) loss attributable to noncontrolling interest (1) 1 (6) (2)
Net loss attributable to Bausch Health Companies Inc. $ (49) $ (350) $ (272) $ (3,804)
Basic and diluted loss per share attributable to Bausch Health Companies Inc. (in usd per share) $ (0.14) $ (1.00) $ (0.77) $ (10.83)
Basic and diluted weighted-average common shares (in shares) 352.4 351.5 351.9 351.1
Product sales        
Revenues        
Revenues $ 2,180 $ 2,108 $ 6,291 $ 6,173
Expenses        
Cost of goods sold (excluding amortization and impairments of intangible assets) and Cost of other revenues 571 573 1,675 1,717
Other revenues        
Revenues        
Revenues 29 28 86 86
Expenses        
Cost of goods sold (excluding amortization and impairments of intangible assets) and Cost of other revenues $ 13 $ 9 $ 40 $ 32