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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Millions, $ in Millions
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Revenues    
Revenues $ 1,918 $ 2,027
Expenses    
Selling, general and administrative 622 606
Research and development 127 112
Amortization of intangible assets 310 357
Goodwill impairments 0 469
Asset impairments, including loss on assets held for sale 8 148
Restructuring, integration, separation and IPO costs 13 12
Other expense (income), net 2 (30)
Total expenses 1,633 2,248
Operating income (loss) 285 (221)
Interest income 2 2
Interest expense (362) (368)
Loss on extinguishment of debt 0 (5)
Foreign exchange and other (7) 1
Loss before provision for income taxes (82) (591)
Benefit from (provision for) income taxes 16 (16)
Net loss (66) (607)
Net income attributable to noncontrolling interest (3) (3)
Net loss attributable to Bausch Health Companies Inc. $ (69) $ (610)
Basic loss per share attributable to Bausch Health Companies Inc. (in usd per share) $ (0.19) $ (1.71)
Diluted loss per share attributable to Bausch Health Companies Inc. (in usd per share) $ (0.19) $ (1.71)
Basic weighted-average common shares (in shares) 360.8 356.8
Diluted weighted-average common shares (in shares) 360.8 356.8
Product sales    
Revenues    
Revenues $ 1,898 $ 2,003
Expenses    
Cost of goods sold (excluding amortization and impairments of intangible assets) and Cost of other revenues 543 564
Other revenues    
Revenues    
Revenues 20 24
Expenses    
Cost of goods sold (excluding amortization and impairments of intangible assets) and Cost of other revenues $ 8 $ 10