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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Millions, $ in Millions
3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Revenues    
Revenues $ 2,027 $ 2,012
Expenses    
Selling, general and administrative 606 633
Research and development 112 122
Amortization of intangible assets 357 436
Goodwill impairments 469 0
Asset impairments, including loss on assets held for sale 148 14
Restructuring, integration and separation costs 12 4
Other (income) expense, net (30) 36
Total expenses 2,248 1,764
Operating (loss) income (221) 248
Interest income 2 7
Interest expense (368) (396)
Loss on extinguishment of debt (5) (24)
Foreign exchange and other 1 (13)
Loss before (provision for) benefit from income taxes (591) (178)
(Provision for) benefit from income taxes (16) 26
Net loss (607) (152)
Net income attributable to noncontrolling interest (3) 0
Net loss attributable to Bausch Health Companies Inc. $ (610) $ (152)
Basic loss per share attributable to Bausch Health Companies Inc. (in usd per share) $ (1.71) $ (0.43)
Diluted loss per share attributable to Bausch Health Companies Inc. (in usd per share) $ (1.71) $ (0.43)
Basic weighted-average common shares (in shares) 356.8 353.4
Diluted weighted-average common shares (in shares) 356.8 353.4
Product sales    
Revenues    
Revenues $ 2,003 $ 1,986
Expenses    
Cost of goods sold (excluding amortization and impairments of intangible assets) and Cost of other revenues 564 505
Other revenues    
Revenues    
Revenues 24 26
Expenses    
Cost of goods sold (excluding amortization and impairments of intangible assets) and Cost of other revenues $ 10 $ 14