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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Millions, $ in Millions
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Revenues    
Revenues $ 1,944 $ 1,918
Expenses    
Selling, general and administrative 725 622
Research and development 143 127
Amortization of intangible assets 273 310
Asset impairments 13 8
Restructuring, integration, separation and IPO costs 10 13
Other expense, net 23 2
Total expenses 1,769 1,633
Operating income 175 285
Interest income 6 2
Interest expense (307) (362)
Foreign exchange and other (10) (7)
Loss before income taxes (136) (82)
(Provision for) benefit from income taxes (73) 16
Net loss (209) (66)
Net loss (income) attributable to noncontrolling interest 8 (3)
Net loss attributable to Bausch Health Companies Inc. $ (201) $ (69)
Basic loss per share attributable to Bausch Health Companies Inc. (in usd per share) $ (0.55) $ (0.19)
Diluted loss per share attributable to Bausch Health Companies Inc. (in usd per share) $ (0.55) $ (0.19)
Basic weighted-average common shares (in shares) 363.3 360.8
Diluted weighted-average common shares (in shares) 363.3 360.8
Product sales    
Revenues    
Revenues $ 1,922 $ 1,891
Expenses    
Cost of goods sold (excluding amortization and impairments of intangible assets) and Cost of other revenues 572 536
Other revenues    
Revenues    
Revenues 22 27
Expenses    
Cost of goods sold (excluding amortization and impairments of intangible assets) and Cost of other revenues $ 10 $ 15