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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Millions
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Revenues      
Revenues $ 8,124 $ 8,434 $ 8,027
Expenses      
Selling, general and administrative 2,625 2,624 2,367
Research and development 529 465 452
Amortization of intangible assets 1,215 1,375 1,645
Goodwill impairments 824 469 0
Asset impairments, including loss on assets held for sale 15 234 114
Restructuring, integration, separation and IPO costs 63 50 22
Other expense, net 35 373 502
Total Expenses 7,670 7,984 7,351
Operating income 454 450 676
Interest income 14 7 13
Interest expense (1,464) (1,426) (1,534)
Gain (loss) on extinguishment of debt 875 (62) (59)
Foreign exchange and other (8) 7 (30)
Loss before income taxes (129) (1,024) (934)
(Provision for) benefit from income taxes (83) 87 375
Net loss (212) (937) (559)
Net income attributable to noncontrolling interest (13) (11) (1)
Net loss attributable to Bausch Health Companies Inc. $ (225) $ (948) $ (560)
Basic loss per share attributable to Bausch Health Companies Inc. (in dollars per share) $ (0.62) $ (2.64) $ (1.58)
Diluted loss per share attributable to Bausch Health Companies Inc. (in dollars per share) $ (0.62) $ (2.64) $ (1.58)
Basic weighted-average common shares (in shares) 362,000 358,900 355,000
Diluted weighted-average common shares (in shares) 362,000 358,900 355,000
Product sales      
Revenues      
Revenues $ 8,046 $ 8,342 $ 7,924
Expenses      
Cost of goods sold (excluding amortization and impairments of intangible assets) and Cost of other revenues 2,336 2,361 2,202
Other revenues      
Revenues      
Revenues 78 92 103
Expenses      
Cost of goods sold (excluding amortization and impairments of intangible assets) and Cost of other revenues $ 28 $ 33 $ 47