XML 22 R4.htm IDEA: XBRL DOCUMENT v3.20.4
CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Millions, $ in Millions
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
Revenues      
Revenue $ 8,027 $ 8,601 $ 8,380
Expenses      
Selling, general and administrative 2,367 2,554 2,473
Research and development 452 471 413
Amortization of intangible assets 1,645 1,897 2,644
Goodwill impairments 0 0 2,322
Asset impairments, including loss on assets held for sale 114 75 568
Restructuring, integration and separation costs 22 31 22
Acquisition-related contingent consideration 48 12 (9)
Other expense (income), net 454 1,414 (20)
Total Expenses 7,351 8,804 10,764
Operating income (loss) 676 (203) (2,384)
Interest income 13 12 11
Interest expense (1,534) (1,612) (1,685)
Loss on extinguishment of debt (59) (42) (119)
Foreign exchange and other (30) 8 23
Loss before benefit from income taxes (934) (1,837) (4,154)
Benefit from income taxes 375 54 10
Net loss (559) (1,783) (4,144)
Net income attributable to noncontrolling interest (1) (5) (4)
Net loss attributable to Bausch Health Companies Inc. $ (560) $ (1,788) $ (4,148)
Basic and diluted loss per share attributable to Bausch Health Companies Inc. (in dollars per share) $ (1.58) $ (5.08) $ (11.81)
Basic and diluted weighted-average common shares (in shares) 355.0 352.1 351.3
Product sales      
Revenues      
Revenue $ 7,924 $ 8,489 $ 8,271
Expenses      
Cost of goods sold (excluding amortization and impairments of intangible assets) and Cost of other revenues 2,202 2,297 2,309
Other revenues      
Revenues      
Revenue 103 112 109
Expenses      
Cost of goods sold (excluding amortization and impairments of intangible assets) and Cost of other revenues $ 47 $ 53 $ 42