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LONG-TERM DEBT (Details 3) (USD $)
1 Months Ended 3 Months Ended 6 Months Ended 1 Months Ended 6 Months Ended 1 Months Ended 6 Months Ended 1 Months Ended 6 Months Ended 1 Months Ended 6 Months Ended 1 Months Ended 3 Months Ended 6 Months Ended
May 31, 2011
Jun. 30, 2011
Jun. 30, 2011
Jun. 30, 2011
Revolving Credit Facility due in December 2012
Jun. 29, 2011
Revolving Credit Facility due in December 2012
Jun. 29, 2011
Revolving Credit Facility due in December 2012
Federal funds rate
Jun. 29, 2011
Revolving Credit Facility due in December 2012
One-month adjusted LIBOR rate
Sep. 27, 2010
Old Revolving Credit Facility
Jun. 30, 2011
Term Loan A Facility
Sep. 27, 2010
Term Loan A Facility
Sep. 27, 2010
Term Loan B Facility
Mar. 31, 2011
6.50% Senior Notes due in July 2016
Jun. 30, 2011
6.50% Senior Notes due in July 2016
Mar. 31, 2011
7.25% Senior Notes due in July 2022
Jun. 30, 2011
7.25% Senior Notes due in July 2022
Feb. 28, 2011
6.75% Senior Notes due in August 2021
Jun. 30, 2011
6.75% Senior Notes due in August 2021
May 19, 2011
4.00% Convertible Notes due in November 2013
Oct. 31, 2010
4.00% Convertible Notes due in November 2013
Jun. 30, 2011
4.00% Convertible Notes due in November 2013
Jun. 30, 2011
4.00% Convertible Notes due in November 2013
Dec. 31, 2010
4.00% Convertible Notes due in November 2013
Jun. 29, 2011
Base rate
Jun. 29, 2011
LIBOR
Long-term debt                                                
Maximum borrowing capacity         $ 200,000,000     $ 125,000,000   $ 1,000,000,000 $ 1,625,000,000                          
Principal amount borrowed       100,000,000                                        
Interest rate margin (as a percent)           0.50% 1.00%                               2.00% 3.00%
Term of credit facility (in years)         1.5     4.5   5 6                          
Percentage of capital stock of the entity and domestic subsidiaries pledged as collateral for borrowings (as a percent)         100.00%                                      
Percentage of capital stock of foreign subsidiaries pledged as collateral for borrowings (as a percent)         65.00%                                      
Percentage of capital stock of the entity and each other subsidiary of the company (other than Valeant's subsidiaries) that is owned by a guarantor (as a percent)         100.00%                                      
Numerator for leverage ratio, maximum       4.75                                        
Denominator for leverage ratio, maximum       1.00                                        
Amount borrowed                       950,000,000   550,000,000   650,000,000     200,000,000          
Interest rate on debt (as a percent)                         6.50%   7.25%   6.75%         4.00%    
Issue price as a percentage of par value (as a percent)                           98.125%                    
Effective annual yield (as a percent)       3.22%                     7.50%                  
Prepayment of Term Loan with proceeds of Notes offering                 975,000,000                              
Repurchase of common shares with proceeds of Notes offering 224,814,000 224,814,000 499,564,000                                          
Redemption price, all or a portion of the Notes, as a percentage of the principal amount (as a percent)                         100.00%   100.00%   100.00%       100.00%      
Redemption price, using proceeds from certain equity offerings, as a percentage of the principal amount (as a percent)                         106.50%   107.25%   106.75%              
Repurchase price, as a percentage of the principal amount, change of control (as a percent)                         101.00%   101.00%   101.00%              
Convertible Notes, number of shares converted into (in shares)                                   17,782,764            
Conversion rate, number of common shares per $1,000 of principal amount of notes (in shares)                                   79.0667            
Principal amount of notes used for conversion rate                                   1,000            
Conversion price of convertible notes (in dollars per share)                                   $ 12.65            
Carrying amount of notes prior to conversion                                   221,400,000            
Fair value of notes prior to conversion                                   226,000,000            
Loss on extinguishment of debt   (14,748,000) (23,010,000)                                 4,600,000        
Difference between estimated fair value of notes and fair value of common shares issued upon settlement                                   666,000,000            
Charges to additional paid-in capital for difference between estimated fair value of notes and fair value of common shares issued upon settlement                                   226,000,000            
Charges to accumulated deficit for difference between estimated fair value of notes and fair value of common shares issued upon settlement                                   440,000,000            
Convertible notes, number of shares convertible into equity consisting of purchased call options (in shares)                                     15,813,338          
Convertible notes, number of shares convertible into equity consisting of written call options (in shares)                                     15,813,338          
Convertible notes, number of shares converted into equity consisting of purchased call options (in shares)                                     11,479,365          
Fair value of common shares issued for conversion   $ (892,000,000) $ (892,000,000)                             $ 892,000,000