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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Dec. 31, 2023
Dec. 31, 2022
Current assets:    
Cash and cash equivalents $ 947 $ 564
Restricted cash and other settlement deposits 15 27
Trade receivables, net 1,998 1,790
Inventories, net 1,544 1,090
Prepaid expenses and other current assets 1,092 776
Total current assets 5,596 4,247
Property, plant and equipment, net 1,707 1,600
Intangible assets, net 6,456 5,800
Goodwill 11,183 11,547
Deferred tax assets, net 2,101 2,166
Other non-current assets 307 326
Total assets 27,350 25,686
Current liabilities:    
Accounts payable 719 521
Accrued and other current liabilities 3,133 2,988
Current portion of long-term debt 450 432
Total current liabilities 4,302 3,941
Acquisition-related contingent consideration 253 208
Non-current portion of long-term debt 21,938 20,334
Deferred tax liabilities, net 163 202
Other non-current liabilities 776 741
Total liabilities 27,432 25,426
Commitments and contingencies (Notes 20 and 21)
(Deficit) Equity    
Common shares, no par value, unlimited shares authorized, 365,238,917 and 361,898,846 issued and outstanding at December 31, 2023 and 2022, respectively 10,423 10,391
Additional paid-in capital 214 159
Accumulated deficit (9,778) (9,186)
Accumulated other comprehensive loss (1,881) (2,056)
Total Bausch Health Companies Inc. shareholders’ deficit (1,022) (692)
Noncontrolling interest 940 952
Total (deficit) equity (82) 260
Total liabilities and (deficit) equity $ 27,350 $ 25,686