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SEGMENT INFORMATION (Tables) | 9 Months Ended
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Sep. 30, 2020
Segment Reporting [Abstract] |
Schedule of segment revenues and profit | Segment revenues and profits were as follows:
| Three Months Ended September 30, |  | Nine Months Ended September 30,
(in millions) | 2020 |  | 2019 |  | 2020 |  | 2019
Revenues: |  |  |  |  |  |  |
Bausch + Lomb/International | $ | 1,169 |  |  | $ | 1,175 |  |  | $ | 3,166 |  |  | $ | 3,501 |
Salix | 496 |  |  | 551 |  |  | 1,377 |  |  | 1,505 |
Ortho Dermatologics | 144 |  |  | 147 |  |  | 393 |  |  | 407 |
Diversified Products | 329 |  |  | 336 |  |  | 878 |  |  | 964 |
| $ | 2,138 |  |  | $ | 2,209 |  |  | $ | 5,814 |  |  | $ | 6,377 |
Segment profits: |  |  |  |  |  |  |
Bausch + Lomb/International | $ | 336 |  |  | $ | 333 |  |  | $ | 830 |  |  | $ | 989 |
Salix | 360 |  |  | 375 |  |  | 968 |  |  | 995 |
Ortho Dermatologics | 70 |  |  | 58 |  |  | 156 |  |  | 156 |
Diversified Products | 248 |  |  | 246 |  |  | 634 |  |  | 714 |
| 1,014 |  |  | 1,012 |  |  | 2,588 |  |  | 2,854 |
Corporate | (141) |  |  | (158) |  |  | (442) |  |  | (435) |
Amortization of intangible assets | (391) |  |  | (475) |  |  | (1,263) |  |  | (1,452) |
Asset impairments | (2) |  |  | (33) |  |  | (17) |  |  | (49) |
Restructuring, integration and separation costs | (2) |  |  | (4) |  |  | (13) |  |  | (28) |
Acquisition-related contingent consideration | (2) |  |  | (3) |  |  | (26) |  |  | (2) |
Other expense, net | (16) |  |  | (10) |  |  | (146) |  |  | (15) |
Operating income | 460 |  |  | 329 |  |  | 681 |  |  | 873 |
Interest income | 2 |  |  | 2 |  |  | 11 |  |  | 9 |
Interest expense | (374) |  |  | (406) |  |  | (1,155) |  |  | (1,221) |
Loss on extinguishment of debt | — |  |  | — |  |  | (51) |  |  | (40) |
Foreign exchange and other | (13) |  |  | 9 |  |  | (26) |  |  | 12 |
Income (loss) before (provision for) benefit from income taxes | $ | 75 |  |  | $ | (66) |  |  | $ | (540) |  |  | $ | (367) |
Schedule of revenues by segment and product category | Revenues by segment and product category were as follows:
| Three Months Ended September 30, 2020 |  | Three Months Ended September 30, 2019
(in millions) | Bausch + Lomb/ International |  | Salix |  | Ortho Dermatologics |  | Diversified Products |  | Total |  | Bausch + Lomb/ International |  | Salix |  | Ortho Dermatologics |  | Diversified Products |  | Total
Pharmaceuticals | $ | 200 |  |  | $ | 494 |  |  | $ | 65 |  |  | $ | 217 |  |  | $ | 976 |  |  | $ | 217 |  |  | $ | 551 |  |  | $ | 97 |  |  | $ | 207 |  |  | $ | 1,072 |
Devices | 360 |  |  | — |  |  | 72 |  |  | — |  |  | 432 |  |  | 375 |  |  | — |  |  | 46 |  |  | — |  |  | 421 |
OTC | 374 |  |  | — |  |  | — |  |  | — |  |  | 374 |  |  | 371 |  |  | — |  |  | — |  |  | — |  |  | 371 |
Branded and Other Generics | 219 |  |  | — |  |  | — |  |  | 110 |  |  | 329 |  |  | 197 |  |  | — |  |  | — |  |  | 119 |  |  | 316 |
Other revenues | 16 |  |  | 2 |  |  | 7 |  |  | 2 |  |  | 27 |  |  | 15 |  |  | — |  |  | 4 |  |  | 10 |  |  | 29 |
| $ | 1,169 |  |  | $ | 496 |  |  | $ | 144 |  |  | $ | 329 |  |  | $ | 2,138 |  |  | $ | 1,175 |  |  | $ | 551 |  |  | $ | 147 |  |  | $ | 336 |  |  | $ | 2,209 |
| Nine Months Ended September 30, 2020 |  | Nine Months Ended September 30, 2019
(in millions) | Bausch + Lomb/ International |  | Salix |  | Ortho Dermatologics |  | Diversified Products |  | Total |  | Bausch + Lomb/ International |  | Salix |  | Ortho Dermatologics |  | Diversified Products |  | Total
Pharmaceuticals | $ | 552 |  |  | $ | 1,374 |  |  | $ | 213 |  |  | $ | 557 |  |  | $ | 2,696 |  |  | $ | 670 |  |  | $ | 1,505 |  |  | $ | 265 |  |  | $ | 617 |  |  | $ | 3,057 |
Devices | 921 |  |  | — |  |  | 165 |  |  | — |  |  | 1,086 |  |  | 1,127 |  |  | — |  |  | 130 |  |  | — |  |  | 1,257 |
OTC | 1,043 |  |  | — |  |  | — |  |  | — |  |  | 1,043 |  |  | 1,063 |  |  | — |  |  | — |  |  | — |  |  | 1,063 |
Branded and Other Generics | 597 |  |  | — |  |  | — |  |  | 312 |  |  | 909 |  |  | 582 |  |  | — |  |  | — |  |  | 332 |  |  | 914 |
Other revenues | 53 |  |  | 3 |  |  | 15 |  |  | 9 |  |  | 80 |  |  | 59 |  |  | — |  |  | 12 |  |  | 15 |  |  | 86 |
| $ | 3,166 |  |  | $ | 1,377 |  |  | $ | 393 |  |  | $ | 878 |  |  | $ | 5,814 |  |  | $ | 3,501 |  |  | $ | 1,505 |  |  | $ | 407 |  |  | $ | 964 |  |  | $ | 6,377 |
Schedule of revenue attributed to a geographic region | Revenues are attributed to a geographic region based on the location of the customer and were as follows:
| Three Months Ended September 30, |  | Nine Months Ended September 30,
(in millions) | 2020 |  | 2019 |  | 2020 |  | 2019
U.S. and Puerto Rico | $ | 1,301 |  |  | $ | 1,369 |  |  | $ | 3,522 |  |  | $ | 3,851 |
China | 94 |  |  | 85 |  |  | 231 |  |  | 275 |
Canada | 87 |  |  | 85 |  |  | 244 |  |  | 252 |
Mexico | 68 |  |  | 58 |  |  | 157 |  |  | 164 |
Egypt | 59 |  |  | 55 |  |  | 175 |  |  | 157 |
Poland | 57 |  |  | 53 |  |  | 168 |  |  | 168 |
Japan | 57 |  |  | 67 |  |  | 159 |  |  | 181 |
France | 42 |  |  | 45 |  |  | 131 |  |  | 156 |
Germany | 32 |  |  | 33 |  |  | 108 |  |  | 119 |
Russia | 32 |  |  | 47 |  |  | 89 |  |  | 124 |
Spain | 21 |  |  | 18 |  |  | 53 |  |  | 62 |
United Kingdom | 21 |  |  | 28 |  |  | 58 |  |  | 86 |
Other | 267 |  |  | 266 |  |  | 719 |  |  | 782 |
| $ | 2,138 |  |  | $ | 2,209 |  |  | $ | 5,814 |  |  | $ | 6,377 |
Schedule of customers that accounted for 10% or more of total revenue | Customers that accounted for 10% or more of total revenues were as follows:
| Nine Months Ended September 30,
| 2020 |  | 2019
AmerisourceBergen Corporation | 17% |  | 17%
McKesson Corporation (including McKesson Specialty) | 17% |  | 17%
Cardinal Health, Inc. | 13% |  | 14%

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- Definition Tabular disclosure of information concerning material long-lived assets (excluding financial instruments, customer relationships with financial institutions, mortgage and other servicing rights, deferred policy acquisition costs, and deferred taxes assets) located in identified geographic areas and/or the amount of revenue from external customers attributed to that country from which revenue is material. An entity may also provide subtotals of geographic information about groups of countries. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 41 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e9038-108599 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 220 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03.1) -URI http://asc.fasb.org/extlink&oid=120395209&loc=SL114868664-224227 + Details
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