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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Millions, $ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Sep. 30, 2023
Sep. 30, 2022
Revenues        
Revenues $ 2,238 $ 2,046 $ 6,349 $ 5,931
Expenses        
Selling, general and administrative 715 661 2,151 1,959
Research and development 153 133 452 387
Amortization of intangible assets 253 290 795 902
Goodwill impairments 402 119 402 202
Asset impairments 4 1 54 15
Restructuring, integration, separation and IPO costs 14 10 40 58
Other expense, net 60 4 0 6
Total expenses 2,224 1,802 5,748 5,241
Operating income 14 244 601 690
Interest income 6 3 19 8
Interest expense (339) (385) (965) (1,157)
Gain on extinguishment of debt 0 570 0 683
Foreign exchange and other (7) 7 (38) 4
(Loss) income before income taxes (326) 439 (383) 228
Provision for income taxes (56) (36) (181) (30)
Net (loss) income (382) 403 (564) 198
Net loss (income) attributable to noncontrolling interest 4 (4) 11 (13)
Net (loss) income attributable to Bausch Health Companies Inc. $ (378) $ 399 $ (553) $ 185
(Loss) earnings per share attributable to Bausch Health Companies Inc.        
Basic (in usd per share) $ (1.03) $ 1.10 $ (1.52) $ 0.51
Diluted (in usd per share) $ (1.03) $ 1.10 $ (1.52) $ 0.51
Weighted-average common shares        
Basic (in shares) 365.4 362.5 364.5 361.8
Diluted (in shares) 365.4 363.4 364.5 363.7
Product sales        
Revenues        
Revenues $ 2,213 $ 2,022 $ 6,281 $ 5,857
Expenses        
Cost of goods sold (excluding amortization and impairments of intangible assets) and Cost of other revenues 612 573 1,824 1,677
Other revenues        
Revenues        
Revenues 25 24 68 74
Expenses        
Cost of goods sold (excluding amortization and impairments of intangible assets) and Cost of other revenues $ 11 $ 11 $ 30 $ 35