v3.25.4

SEGMENT INFORMATION - Segment Revenues and Profit (Details) - USD ($) $ in Millions | 12 Months Ended
--- | ---
Dec. 31, 2025 | Dec. 31, 2024 | Dec. 31, 2023
Segment reporting information |  |  |
Revenues | $ 5,101 | $ 4,791 | $ 4,146
Selling, general and administrative | 2,234 | 2,082 | 1,736
Research and development | 371 | 343 | 324
Operating income | 113 | 162 | 130
Amortization of intangible assets | (258) | (288) | (240)
Other expense, net | (75) | (44) | (74)
Interest income | 12 | 15 | 15
Interest expense | (421) | (399) | (283)
Loss on extinguishment of debt | (6) | 0 | 0
Foreign exchange and other | (15) | (12) | (28)
Loss before provision for income taxes | (317) | (234) | (166)
Product Sales |  |  |
Segment reporting information |  |  |
Revenues | 5,080 | 4,774 | 4,131
Cost of goods sold (excluding amortization and impairments of intangible assets) and Cost of other revenues | 2,045 | 1,868 | 1,640
Cost of other revenues |  |  |
Segment reporting information |  |  |
Revenues | 21 | 17 | 15
Cost of goods sold (excluding amortization and impairments of intangible assets) and Cost of other revenues | 5 | 4 | 2
Vision Care |  |  |
Segment reporting information |  |  |
Revenues | 2,923 | 2,739 | 2,543
Pharmaceuticals |  |  |
Segment reporting information |  |  |
Revenues | 1,284 | 1,209 | 836
Surgical |  |  |
Segment reporting information |  |  |
Revenues | 894 | 843 | 767
Operating Segment |  |  |
Segment reporting information |  |  |
Revenues | 5,101 | 4,791 | 4,146
Selling, general and administrative |  |  |
Research and development |  |  |
Operating income | 1,125 | 1,108 | 980
Operating Segment | Product Sales |  |  |
Segment reporting information |  |  |
Revenues | 5,080 | 4,774 | 4,131
Cost of goods sold (excluding amortization and impairments of intangible assets) and Cost of other revenues |  |  |
Operating Segment | Cost of other revenues |  |  |
Segment reporting information |  |  |
Revenues | 21 | 17 | 15
Cost of goods sold (excluding amortization and impairments of intangible assets) and Cost of other revenues |  |  |
Operating Segment | Vision Care |  |  |
Segment reporting information |  |  |
Revenues | 2,923 | 2,739 | 2,543
Selling, general and administrative | 912 | 882 | 832
Research and development | 48 | 46 | 67
Operating income | 849 | 808 | 689
Operating Segment | Vision Care | Product Sales |  |  |
Segment reporting information |  |  |
Revenues | 2,914 | 2,731 | 2,535
Cost of goods sold (excluding amortization and impairments of intangible assets) and Cost of other revenues | 1,113 | 1,002 | 954
Operating Segment | Vision Care | Cost of other revenues |  |  |
Segment reporting information |  |  |
Revenues | 9 | 8 | 8
Cost of goods sold (excluding amortization and impairments of intangible assets) and Cost of other revenues | 1 | 1 | 1
Operating Segment | Pharmaceuticals |  |  |
Segment reporting information |  |  |
Revenues | 1,284 | 1,209 | 836
Selling, general and administrative | 572 | 543 | 322
Research and development | 53 | 33 | 20
Operating income | 258 | 256 | 241
Operating Segment | Pharmaceuticals | Product Sales |  |  |
Segment reporting information |  |  |
Revenues | 1,277 | 1,206 | 834
Cost of goods sold (excluding amortization and impairments of intangible assets) and Cost of other revenues | 397 | 374 | 252
Operating Segment | Pharmaceuticals | Cost of other revenues |  |  |
Segment reporting information |  |  |
Revenues | 7 | 3 | 2
Cost of goods sold (excluding amortization and impairments of intangible assets) and Cost of other revenues | 4 | 3 | 1
Operating Segment | Surgical |  |  |
Segment reporting information |  |  |
Revenues | 894 | 843 | 767
Selling, general and administrative | 298 | 265 | 248
Research and development | 43 | 42 | 35
Operating income | 18 | 44 | 50
Operating Segment | Surgical | Product Sales |  |  |
Segment reporting information |  |  |
Revenues | 889 | 837 | 762
Cost of goods sold (excluding amortization and impairments of intangible assets) and Cost of other revenues | 535 | 492 | 434
Operating Segment | Surgical | Cost of other revenues |  |  |
Segment reporting information |  |  |
Revenues | 5 | 6 | 5
Cost of goods sold (excluding amortization and impairments of intangible assets) and Cost of other revenues | 0 | 0 | 0
Corporate |  |  |
Segment reporting information |  |  |
Operating income | $ (679) | $ (614) | $ (536)

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