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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Millions, $ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Jun. 30, 2021
Jun. 30, 2020
Revenues        
Revenues $ 2,100 $ 1,664 $ 4,127 $ 3,676
Expenses        
Selling, general and administrative 685 526 1,291 1,159
Research and development 115 108 227 230
Amortization of intangible assets 360 436 717 872
Goodwill impairments 0 0 469 0
Asset impairments, including loss on assets held for sale 47 1 195 15
Restructuring, integration and separation costs 9 7 21 11
Other expense, net 542 118 512 154
Total expenses 2,370 1,691 4,618 3,455
Operating (loss) income (270) (27) (491) 221
Interest income 2 2 4 9
Interest expense (364) (385) (732) (781)
Loss on extinguishment of debt (45) (27) (50) (51)
Foreign exchange and other 7 0 8 (13)
Loss before benefit from income taxes (670) (437) (1,261) (615)
Benefit from income taxes 77 112 61 138
Net loss (593) (325) (1,200) (477)
Net income attributable to noncontrolling interest (2) (1) (5) (1)
Net loss attributable to Bausch Health Companies Inc. $ (595) $ (326) $ (1,205) $ (478)
Basic loss per share attributable to Bausch Health Companies Inc. (in usd per share) $ (1.66) $ (0.92) $ (3.37) $ (1.35)
Diluted loss per share attributable to Bausch Health Companies Inc. (in usd per share) $ (1.66) $ (0.92) $ (3.37) $ (1.35)
Basic weighted-average common shares (in shares) 359.1 355.3 358.0 354.3
Diluted weighted-average common shares (in shares) 359.1 355.3 358.0 354.3
Product sales        
Revenues        
Revenues $ 2,076 $ 1,637 $ 4,079 $ 3,623
Expenses        
Cost of goods sold (excluding amortization and impairments of intangible assets) and Cost of other revenues 604 482 1,168 987
Other revenues        
Revenues        
Revenues 24 27 48 53
Expenses        
Cost of goods sold (excluding amortization and impairments of intangible assets) and Cost of other revenues $ 8 $ 13 $ 18 $ 27