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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Mar. 31, 2023
Dec. 31, 2022
Current assets:    
Cash and cash equivalents $ 518 $ 564
Restricted cash 13 27
Trade receivables, net 1,688 1,790
Inventories, net 1,222 1,090
Prepaid expenses and other current assets 796 776
Total current assets 4,237 4,247
Property, plant and equipment, net 1,596 1,600
Intangible assets, net 5,552 5,800
Goodwill 11,579 11,547
Deferred tax assets, net 2,163 2,166
Other non-current assets 318 326
Total assets 25,445 25,686
Current liabilities:    
Accounts payable 561 521
Accrued and other current liabilities 2,916 2,988
Current portion of long-term debt 446 432
Total current liabilities 3,923 3,941
Acquisition-related contingent consideration 219 208
Non-current portion of long-term debt 20,207 20,334
Deferred tax liabilities, net 205 202
Other non-current liabilities 746 741
Total liabilities 25,300 25,426
Commitments and contingencies (Note 18)
Equity (Deficit)    
Common shares, no par value, unlimited shares authorized, 363,607,062 and 361,898,846 issued and outstanding at March 31, 2023 and December 31, 2022, respectively 10,405 10,391
Additional paid-in capital 171 159
Accumulated deficit (9,387) (9,186)
Accumulated other comprehensive loss (1,989) (2,056)
Total Bausch Health Companies Inc. shareholders’ deficit (800) (692)
Noncontrolling interest 945 952
Total equity 145 260
Total liabilities and equity $ 25,445 $ 25,686