XML 75 R66.htm IDEA: XBRL DOCUMENT
v3.22.1

Financial Instruments and Risk Management (Narrative) (Details) € in Millions, ¥ in Millions, $ in Millions | 3 Months Ended |  |
--- | --- | --- | ---
Mar. 31, 2022 USD ($) | Mar. 31, 2022 EUR (€) | Mar. 31, 2022 JPY (¥) | Mar. 31, 2022 USD ($) | Dec. 31, 2021 EUR (€) | Dec. 31, 2021 JPY (¥) | Dec. 31, 2021 USD ($)
Derivative [Line Items] |  |  |  |  |  |  |
Proceeds from sale of terminated interest rate swaps | $ | $ 45.0 |  |  |  |  |  |
Pre-tax net losses on cash flow hedges to be reclassified from AOCE into earnings in next twelve months | $ | $ 22.0 |  |  |  |  |  |
2020 Euro Senior Notes |  |  |  |  |  |  |
Derivative [Line Items] |  |  |  |  |  |  |
Long-term debt | $ |  |  |  | $ 328.7 |  |  | $ 347.6
YEN Term Loan |  |  |  |  |  |  |
Derivative [Line Items] |  |  |  |  |  |  |
Long-term debt | $ |  |  |  | $ 328.7 |  |  |
Net Investment Hedging |  |  |  |  |  |  |
Derivative [Line Items] |  |  |  |  |  |  |
Notional amount of derivative |  | € 5,850.0 | ¥ 40,000 |  | € 5,850.0 | ¥ 40,000 |
Long-term debt |  | 5,850.0 | 40,000 |  |  |  |
Net Investment Hedging | 2024 Euro Senior Notes |  |  |  |  |  |  |
Derivative [Line Items] |  |  |  |  |  |  |
Notional amount of derivative |  | 1,000.0 |  |  | 1,000.0 |  |
Long-term debt |  | 1,000.0 |  |  |  |  |
Net Investment Hedging | 2028 Euro Senior Notes |  |  |  |  |  |  |
Derivative [Line Items] |  |  |  |  |  |  |
Notional amount of derivative |  | 750.0 |  |  | 750.0 |  |
Long-term debt |  | 750.0 |  |  |  |  |
Net Investment Hedging | 2.125% Euro Senior Notes due 2025 |  |  |  |  |  |  |
Derivative [Line Items] |  |  |  |  |  |  |
Notional amount of derivative |  | 500.0 |  |  | 500.0 |  |
Long-term debt |  | 500.0 |  |  |  |  |
Net Investment Hedging | 2022 Euro Senior Notes |  |  |  |  |  |  |
Derivative [Line Items] |  |  |  |  |  |  |
Notional amount of derivative |  | 750.0 |  |  | 750.0 |  |
Long-term debt |  | 750.0 |  |  |  |  |
Net Investment Hedging | 2024 Euro Senior Notes, 1.023% |  |  |  |  |  |  |
Derivative [Line Items] |  |  |  |  |  |  |
Notional amount of derivative |  | 750.0 |  |  | 750.0 |  |
Long-term debt |  | 750.0 |  |  |  |  |
Net Investment Hedging | 2027 Euro Senior Notes |  |  |  |  |  |  |
Derivative [Line Items] |  |  |  |  |  |  |
Notional amount of derivative |  | 850.0 |  |  | 850.0 |  |
Long-term debt |  | 850.0 |  |  |  |  |
Net Investment Hedging | 2032 Euro Senior Notes |  |  |  |  |  |  |
Derivative [Line Items] |  |  |  |  |  |  |
Notional amount of derivative |  | 1,250.0 |  |  | € 1,250.0 |  |
Long-term debt |  | € 1,250.0 |  |  |  |  |
Net Investment Hedging | YEN Term Loan |  |  |  |  |  |  |
Derivative [Line Items] |  |  |  |  |  |  |
Notional amount of derivative | ¥ |  |  | 40,000 |  |  | ¥ 40,000 |
Long-term debt | ¥ |  |  | ¥ 40,000 |  |  |  |
Measurement Input, Discount Rate | Contingent consideration |  |  |  |  |  |  |
Derivative [Line Items] |  |  |  |  |  |  |
Business Combination, Contingent Consideration, Liability, Measurement Input |  | 0.080 | 0.080 | 0.080 |  |  |

X
- Definition Value of input used to measure contingent consideration liability from business combination. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (bbb)(2) -URI http://asc.fasb.org/extlink&oid=123874694&loc=d3e19207-110258 + Details
Name: | us-gaap_BusinessCombinationContingentConsiderationLiabilityMeasurementInput
Namespace Prefix: | us-gaap_
Data Type: | xbrli:decimalItemType
Balance Type: | na
Period Type: | instant

X
- Definition The estimated net amount of existing gains or losses on cash flow hedges at the reporting date expected to be reclassified to earnings within the next 12 months. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 30 -Section 50 -Paragraph 1 -Subparagraph (c) -URI http://asc.fasb.org/extlink&oid=121549185&loc=d3e80748-113994 + Details
Name: | us-gaap_CashFlowHedgeGainLossToBeReclassifiedWithinTwelveMonths
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- Definition Nominal or face amount used to calculate payments on the derivative asset. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 1A -Subparagraph (d) -URI http://asc.fasb.org/extlink&oid=125515794&loc=SL5579245-113959 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 1B -URI http://asc.fasb.org/extlink&oid=125515794&loc=SL5580258-113959 Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 1A -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=125515794&loc=SL5579245-113959 + Details
Name: | us-gaap_DerivativeAssetNotionalAmount
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | na
Period Type: | instant

X
- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. + References No definition available. + Details
Name: | us-gaap_DerivativeLineItems
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Amount, after unamortized (discount) premium and debt issuance costs, of long-term debt. Includes, but not limited to, notes payable, bonds payable, debentures, mortgage loans and commercial paper. Excludes capital lease obligations. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 470 -SubTopic 20 -Section 50 -Paragraph 4 -Subparagraph (b)(3) -URI http://asc.fasb.org/extlink&oid=123466204&loc=SL6031897-161870 Reference 2: http://www.xbrl.org/2003/role/exampleRef -Publisher FASB -Name Accounting Standards Codification -Topic 470 -SubTopic 20 -Section 55 -Paragraph 69C -URI http://asc.fasb.org/extlink&oid=123466577&loc=SL123495737-112612 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 944 -SubTopic 210 -Section S99 -Paragraph 1 -Subparagraph (SX 210.7-03(a)(16)) -URI http://asc.fasb.org/extlink&oid=120400017&loc=d3e572229-122910 Reference 4: http://www.xbrl.org/2003/role/exampleRef -Publisher FASB -Name Accounting Standards Codification -Topic 470 -SubTopic 20 -Section 55 -Paragraph 69B -URI http://asc.fasb.org/extlink&oid=123466577&loc=SL123495735-112612 Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 210 -Section S99 -Paragraph 1 -Subparagraph (SX 210.9-03(16)) -URI http://asc.fasb.org/extlink&oid=120398452&loc=d3e534808-122878 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 470 -SubTopic 20 -Section 50 -Paragraph 1D -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=123466505&loc=SL123495340-112611 Reference 7: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(22)) -URI http://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682 + Details
Name: | us-gaap_LongTermDebt
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | instant

X
- Definition Cash received from sale of investments in debt and equity securities, classified as operating activities, during the period; includes trading securities and any other investments classified as operating. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 230 -SubTopic 10 -Section 45 -Paragraph 25 -Subparagraph (c) -URI http://asc.fasb.org/extlink&oid=123570139&loc=d3e3536-108585 + Details
Name: | us-gaap_ProceedsFromSaleOfSecuritiesOperatingActivities
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | duration

X
- Details
Name: | us-gaap_DebtInstrumentAxis=vtrs_A2020EuroSeniorNotesMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_DebtInstrumentAxis=vtrs_YENTermLoanMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_DerivativeInstrumentRiskAxis=us-gaap_NetInvestmentHedgingMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_DebtInstrumentAxis=vtrs_A2024EuroSeniorNotesMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_DebtInstrumentAxis=vtrs_A2028EuroSeniorNotesMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_DebtInstrumentAxis=vtrs_A2025EuroSeniorNotesMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_DebtInstrumentAxis=vtrs_A2022EuroSeniorNotesMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_DebtInstrumentAxis=vtrs_A2024EuroSeniorNotes1023Member
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_DebtInstrumentAxis=vtrs_A2027EuroSeniorNotesMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_DebtInstrumentAxis=vtrs_A2032EuroSeniorNotesMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_MeasurementInputTypeAxis=us-gaap_MeasurementInputDiscountRateMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_BalanceSheetLocationAxis=vtrs_ContingentConsiderationMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |