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SEGMENT INFORMATION (Tables)

12 Months Ended

Dec. 31, 2022

Segment Reporting [Abstract]

Schedule of segment revenues and profit

Segment revenues and profits for the years 2022, 2021 and 2020 were as follows:

(in millions)			2022						2021						2020
Revenues:
Salix			$	2,090					$	2,074					$	1,904
International			988						1,166						1,181
Solta Medical			300						308						253
Diversified Products			978						1,121						1,274
Bausch + Lomb			3,768						3,765						3,415
Total revenues			$	8,124					$	8,434					$	8,027
Segment profit:
Salix			$	1,489					$	1,493					$	1,338
International			324						403						386
Solta Medical			135						167						131
Diversified Products			612						722						814
Bausch + Lomb			874						958						909
Total			3,434						3,743						3,578
Corporate			(828)						(792)						(619)
Amortization of intangible assets			(1,215)						(1,375)						(1,645)
Goodwill impairments			(824)						(469)						—
Asset impairments, including loss on assets held for sale			(15)						(234)						(114)
Restructuring, integration, separation and IPO costs			(63)						(50)						(22)
Other expense, net			(35)						(373)						(502)
Operating income			454						450						676
Interest income			14						7						13
Interest expense			(1,464)						(1,426)						(1,534)
Gain (loss) on extinguishment of debt			875						(62)						(59)
Foreign exchange and other			(8)						7						(30)
Loss before income taxes			$	(129)					$	(1,024)					$	(934)

Schedule of capital expenditures, depreciation and amortization by segment

Capital expenditures by segment for the years 2022, 2021 and 2020 were as follows:

(in millions)			2022						2021						2020
Capital expenditures:
Salix			$	3					$	2					$	3
International			21						22						29
Solta Medical			3						2						4
Diversified Products			1						—						—
Bausch + Lomb			178						201						253
			206						227						289
Corporate			14						42						13
Total capital expenditures			$	220					$	269					$	302

Schedule of revenues by segment and by product category

Revenues by segment and product category were as follows:

			Salix						International						Solta Medical						Diversified Products						Bausch + Lomb						Total
(in millions)			For the year ended December 31, 2022
Pharmaceuticals			$	2,090					$	279					$	—					$	826					$	481					$	3,676
Devices			—						—						300						—						1,572						1,872
OTC			—						151						—						7						1,453						1,611
Branded and Other Generics			—						527						—						120						240						887
Other revenues			—						31						—						25						22						78
			$	2,090					$	988					$	300					$	978					$	3,768					$	8,124

			Salix						International						Solta Medical						Diversified Products						Bausch + Lomb						Total
			For the year ended December 31, 2021
Pharmaceuticals			$	2,066					$	259					$	—					$	924					$	514					$	3,763
Devices			—						—						308						—						1,595						1,903
OTC			—						136						—						7						1,389						1,532
Branded and Other Generics			—						738						—						167						239						1,144
Other revenues			8						33						—						23						28						92
			$	2,074					$	1,166					$	308					$	1,121					$	3,765					$	8,434

			Salix						International						Solta Medical						Diversified Products						Bausch + Lomb						Total
			For the year ended December 31, 2020
Pharmaceuticals			$	1,899					$	255					$	—					$	1,020					$	506					$	3,680
Devices			—						—						253						—						1,313						1,566
OTC			—						112						—						7						1,311						1,430
Branded and Other Generics			—						775						—						219						254						1,248
Other revenues			5						39						—						28						31						103
			$	1,904					$	1,181					$	253					$	1,274					$	3,415					$	8,027

Schedule of revenues by geographic region

Revenues are attributed to a geographic region based on the location of the customer for the years 2022, 2021 and 2020 were as follows:

(in millions)			2022						2021						2020
U.S. and Puerto Rico			$	4,836					$	4,887					$	4,791
China			413						490						341
Canada			351						343						331
Poland			278						280						238
Mexico			276						256						225
Japan			200						230						226
France			203						208						179
Russia			181						160						137
Germany			147						154						144
United Kingdom			115						116						86
Spain			84						88						78
South Korea			77						76						68
Italy			76						80						71
Other			887						1,066						1,112
			$	8,124					$	8,434					$	8,027

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, 2022 and 2021 were as follows:

(in millions)			2022						2021
U.S. and Puerto Rico			$	725					$	743
Ireland			363						336
Canada			126						123
Germany			89						87
Poland			65						75
Mexico			46						45
France			44						39
China			26						30
Serbia			23						25
Italy			20						21
Other			73						74
			$	1,600					$	1,598

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:

			2022						2021						2020
AmerisourceBergen Corporation			18%						18%						17%
McKesson Corporation			15%						16%						17%
Cardinal Health, Inc.			13%						12%						13%

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