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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Millions, $ in Millions
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Revenues      
Revenues $ 8,434 $ 8,027 $ 8,601
Expenses      
Selling, general and administrative 2,624 2,367 2,554
Research and development 465 452 471
Amortization of intangible assets 1,375 1,645 1,897
Goodwill impairments 469 0 0
Asset impairments, including loss on assets held for sale 234 114 75
Restructuring, integration, separation and IPO costs 50 22 31
Other expense, net 373 502 1,426
Total Expenses 7,984 7,351 8,804
Operating income (loss) 450 676 (203)
Interest income 7 13 12
Interest expense (1,426) (1,534) (1,612)
Loss on extinguishment of debt (62) (59) (42)
Foreign exchange and other 7 (30) 8
Loss before benefit from income taxes (1,024) (934) (1,837)
Benefit from income taxes 87 375 54
Net loss (937) (559) (1,783)
Net income attributable to noncontrolling interest (11) (1) (5)
Net loss attributable to Bausch Health Companies Inc. $ (948) $ (560) $ (1,788)
Basic loss per share attributable to Bausch Health Companies Inc. (in dollars per share) $ (2.64) $ (1.58) $ (5.08)
Diluted loss per share attributable to Bausch Health Companies Inc. (in dollars per share) $ (2.64) $ (1.58) $ (5.08)
Basic weighted-average common shares (in shares) 358.9 355.0 352.1
Diluted weighted-average common shares (in shares) 358.9 355.0 352.1
Product sales      
Revenues      
Revenues $ 8,342 $ 7,924 $ 8,489
Expenses      
Cost of goods sold (excluding amortization and impairments of intangible assets) and Cost of other revenues 2,361 2,202 2,297
Other revenues      
Revenues      
Revenues 92 103 112
Expenses      
Cost of goods sold (excluding amortization and impairments of intangible assets) and Cost of other revenues $ 33 $ 47 $ 53