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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Millions
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Revenues    
Revenues $ 2,153 $ 1,944
Expenses    
Selling, general and administrative 794 725
Research and development 151 143
Amortization of intangible assets 274 273
Asset impairments 1 13
Restructuring, integration and separation costs 12 10
Other expense, net 0 23
Total expenses 1,872 1,769
Operating income 281 175
Interest income 9 6
Interest expense (355) (307)
Gain on extinguishment of debt 11 0
Foreign exchange and other (15) (10)
Loss before income taxes (69) (136)
Provision for income taxes (8) (73)
Net loss (77) (209)
Net loss attributable to noncontrolling interest 13 8
Net loss attributable to Bausch Health Companies Inc. $ (64) $ (201)
Basic loss per share attributable to Bausch Health Companies Inc. (in usd per share) $ (0.17) $ (0.55)
Diluted loss per share attributable to Bausch Health Companies Inc. (in usd per share) $ (0.17) $ (0.55)
Basic weighted-average common shares (in shares) 366,800 363,300
Diluted weighted-average common shares (in shares) 366,800 363,300
Product sales    
Revenues    
Revenues $ 2,129 $ 1,922
Expenses    
Cost of goods sold (excluding amortization and impairments of intangible assets) and Cost of other revenues 628 572
Other revenues    
Revenues    
Revenues 24 22
Expenses    
Cost of goods sold (excluding amortization and impairments of intangible assets) and Cost of other revenues $ 12 $ 10