XML 58 R49.htm IDEA: XBRL DOCUMENT
v3.22.1

SEGMENT INFORMATION (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2021
Segment Reporting [Abstract] |
Schedule of segment revenues and profit | Segment revenues and profits for the years 2021, 2020 and 2019 were as follows:
(in millions) | 2021 |  | 2020 |  | 2019
Revenues: |  |  |  |  |
Bausch + Lomb | $ | 3,765 |  |  | $ | 3,415 |  |  | $ | 3,778 |
Salix | 2,074 |  |  | 1,904 |  |  | 2,022 |
International | 1,166 |  |  | 1,181 |  |  | 1,154 |
Solta Medical | 308 |  |  | 253 |  |  | 194 |
Diversified Products | 1,121 |  |  | 1,274 |  |  | 1,453 |
Total revenues | $ | 8,434 |  |  | $ | 8,027 |  |  | $ | 8,601 |
Segment profit: |  |  |  |  |
Bausch + Lomb | $ | 958 |  |  | $ | 909 |  |  | $ | 1,117 |
Salix | 1,493 |  |  | 1,338 |  |  | 1,349 |
International | 403 |  |  | 386 |  |  | 352 |
Solta Medical | 167 |  |  | 131 |  |  | 84 |
Diversified Products | 722 |  |  | 814 |  |  | 933 |
Total | 3,743 |  |  | 3,578 |  |  | 3,835 |
Corporate | (792) |  |  | (619) |  |  | (609) |
Amortization of intangible assets | (1,375) |  |  | (1,645) |  |  | (1,897) |
Goodwill impairments | (469) |  |  | — |  |  | — |
Asset impairments, including loss on assets held for sale | (234) |  |  | (114) |  |  | (75) |
Restructuring, integration, separation and IPO costs | (50) |  |  | (22) |  |  | (31) |
Other expense, net | (373) |  |  | (502) |  |  | (1,426) |
Operating income (loss) | 450 |  |  | 676 |  |  | (203) |
Interest income | 7 |  |  | 13 |  |  | 12 |
Interest expense | (1,426) |  |  | (1,534) |  |  | (1,612) |
Loss on extinguishment of debt | (62) |  |  | (59) |  |  | (42) |
Foreign exchange and other | 7 |  |  | (30) |  |  | 8 |
Loss before benefit from income taxes | $ | (1,024) |  |  | $ | (934) |  |  | $ | (1,837) |
Schedule of capital expenditures, depreciation and amortization by segment | Capital expenditures by segment for the years 2021, 2020 and 2019 were as follows:
(in millions) | 2021 |  | 2020 |  | 2019
Capital expenditures: |  |  |  |  |
Bausch + Lomb | $ | 201 |  |  | $ | 253 |  |  | $ | 186 |
Salix | 2 |  |  | 3 |  |  | 2 |
International | 22 |  |  | 29 |  |  | 39 |
Solta Medical | 1 |  |  | 2 |  |  | 1 |
Diversified Products | 1 |  |  | 2 |  |  | 2 |
| 227 |  |  | 289 |  |  | 230 |
Corporate | 42 |  |  | 13 |  |  | 40 |
Total capital expenditures | $ | 269 |  |  | $ | 302 |  |  | $ | 270 |
Schedule of revenues by segment and by product category | Revenues by segment and product category were as follows:
| Bausch + Lomb |  | Salix |  | International |  | Solta Medical |  | Diversified Products |  | Total
(in millions) | For the year ended December 31, 2021
Pharmaceuticals | $ | 514 |  |  | $ | 2,066 |  |  | $ | 259 |  |  | $ | — |  |  | $ | 923 |  |  | $ | 3,762 |
Devices | 1,596 |  |  | — |  |  | — |  |  | 308 |  |  | — |  |  | 1,904 |
OTC | 1,388 |  |  | — |  |  | 136 |  |  | — |  |  | 8 |  |  | 1,532 |
Branded and Other Generics | 240 |  |  | — |  |  | 737 |  |  | — |  |  | 167 |  |  | 1,144 |
Other revenues | 27 |  |  | 8 |  |  | 34 |  |  | — |  |  | 23 |  |  | 92 |
| $ | 3,765 |  |  | $ | 2,074 |  |  | $ | 1,166 |  |  | $ | 308 |  |  | $ | 1,121 |  |  | $ | 8,434 |
| Bausch + Lomb |  | Salix |  | International |  | Solta Medical |  | Diversified Products |  | Total
| For the year ended December 31, 2020
Pharmaceuticals | $ | 506 |  |  | $ | 1,899 |  |  | $ | 255 |  |  | $ | — |  |  | $ | 1,020 |  |  | $ | 3,680 |
Devices | 1,313 |  |  | — |  |  | — |  |  | 253 |  |  | — |  |  | 1,566 |
OTC | 1,311 |  |  | — |  |  | 112 |  |  | — |  |  | 7 |  |  | 1,430 |
Branded and Other Generics | 254 |  |  | — |  |  | 775 |  |  | — |  |  | 219 |  |  | 1,248 |
Other revenues | 31 |  |  | 5 |  |  | 39 |  |  | — |  |  | 28 |  |  | 103 |
| $ | 3,415 |  |  | $ | 1,904 |  |  | $ | 1,181 |  |  | $ | 253 |  |  | $ | 1,274 |  |  | $ | 8,027 |
| Bausch + Lomb |  | Salix |  | International |  | Solta Medical |  | Diversified Products |  | Total
| For the year ended December 31, 2019
Pharmaceuticals | $ | 623 |  |  | $ | 2,022 |  |  | $ | 268 |  |  | $ | — |  |  | $ | 1,165 |  |  | $ | 4,078 |
Devices | 1,524 |  |  | — |  |  | — |  |  | 194 |  |  | — |  |  | 1,718 |
OTC | 1,322 |  |  | — |  |  | 119 |  |  | — |  |  | 6 |  |  | 1,447 |
Branded and Other Generics | 260 |  |  | — |  |  | 730 |  |  | — |  |  | 256 |  |  | 1,246 |
Other revenues | 49 |  |  | — |  |  | 37 |  |  | — |  |  | 26 |  |  | 112 |
| $ | 3,778 |  |  | $ | 2,022 |  |  | $ | 1,154 |  |  | $ | 194 |  |  | $ | 1,453 |  |  | $ | 8,601 |
Schedule of revenues by geographic region | Revenues are attributed to a geographic region based on the location of the customer for the years 2021, 2020 and 2019 were as follows:
(in millions) | 2021 |  | 2020 |  | 2019
U.S. and Puerto Rico | $ | 4,887 |  |  | $ | 4,791 |  |  | $ | 5,164 |
China | 490 |  |  | 341 |  |  | 368 |
Canada | 343 |  |  | 331 |  |  | 339 |
Poland | 280 |  |  | 238 |  |  | 231 |
Mexico | 256 |  |  | 225 |  |  | 228 |
Japan | 230 |  |  | 226 |  |  | 241 |
France | 208 |  |  | 179 |  |  | 201 |
Russia | 160 |  |  | 137 |  |  | 180 |
Egypt | 156 |  |  | 243 |  |  | 218 |
Germany | 154 |  |  | 144 |  |  | 150 |
United Kingdom | 116 |  |  | 86 |  |  | 115 |
Spain | 88 |  |  | 78 |  |  | 86 |
Italy | 80 |  |  | 71 |  |  | 85 |
Other | 986 |  |  | 937 |  |  | 995 |
| $ | 8,434 |  |  | $ | 8,027 |  |  | $ | 8,601 |
Schedule of long-lived assets by geographic region | Long-lived assets consisting of property, plant and equipment, net of accumulated depreciation, are attributed to geographic regions based on their physical location as of December 31, 2021 and 2020 were as follows:
(in millions) | 2021 |  | 2020
U.S. and Puerto Rico | $ | 743 |  |  | $ | 725 |
Ireland | 336 |  |  | 328 |
Canada | 123 |  |  | 110 |
Poland | 75 |  |  | 83 |
Germany | 87 |  |  | 80 |
Mexico | 45 |  |  | 49 |
France | 39 |  |  | 34 |
China | 30 |  |  | 31 |
Serbia | 25 |  |  | 30 |
Italy | 21 |  |  | 23 |
Other | 74 |  |  | 74 |
| $ | 1,598 |  |  | $ | 1,567 |
Schedule of external customers that accounted for 10% or more of total revenues | Customers that accounted for 10% or more of total revenues were as follows:
| 2021 |  | 2020 |  | 2019
AmerisourceBergen Corporation | 18% |  | 17% |  | 16%
McKesson Corporation | 16% |  | 17% |  | 17%
Cardinal Health, Inc. | 12% |  | 13% |  | 14%

X
- Definition Tabular disclosure of long-lived assets, excluding financial instruments, long-term customer relationships of a financial institution, mortgage rights, deferred policy acquisition costs, and deferred tax assets, by geographic areas located in the entity's country of domicile and foreign countries in which the entity holds assets. + 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 -Subparagraph b -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e9038-108599 + Details
Name: | us-gaap_LongLivedAssetsByGeographicAreasTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of each significant reconciling item, other than profit (loss), revenues, or assets, in the reconciliation of totals of such items in reportable segments to the entity's corresponding consolidated amount. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8924-108599 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Subparagraph (d) -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8906-108599 + Details
Name: | us-gaap_ReconciliationOfOtherSignificantReconcilingItemsFromSegmentsToConsolidatedTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of entity-wide revenues from external customers for each product or service or each group of similar products or services if the information is not provided as part of the reportable operating segment information. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 40 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e9031-108599 + Details
Name: | us-gaap_ScheduleOfEntityWideInformationRevenueFromExternalCustomersByProductsAndServicesTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the extent of the entity's reliance on its major customers, if revenues from transactions with a single external customer amount to 10 percent or more of entity revenues, including the disclosure of that fact, the total amount of revenues from each such customer, and the identity of the reportable segment or segments reporting the revenues. The entity need not disclose the identity of a major customer or the amount of revenues that each segment reports from that customer. For these purposes, a group of companies known to the entity to be under common control is considered a single customer, and the federal government, a state government, a local government such as a county or municipality, or a foreign government is each considered a single customer. + References No definition available. + Details
Name: | us-gaap_ScheduleOfRevenueByMajorCustomersByReportingSegmentsTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- 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=123359005&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=123367319&loc=SL114868664-224227 + Details
Name: | us-gaap_ScheduleOfRevenuesFromExternalCustomersAndLongLivedAssetsByGeographicalAreasTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8736-108599 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8813-108599 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=121556970&loc=d3e13816-109267 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8906-108599 + Details
Name: | us-gaap_ScheduleOfSegmentReportingInformationBySegmentTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_SegmentReportingAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration