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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Mar. 31, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents $ 1,134 $ 1,181
Restricted cash 23 20
Trade receivables, net 2,072 2,140
Inventories, net 1,613 1,595
Prepaid expenses and other current assets 890 838
Total current assets 5,732 5,774
Property, plant and equipment, net 1,882 1,780
Intangible assets, net 5,297 5,551
Goodwill 11,153 11,087
Deferred tax assets, net 1,977 1,968
Other non-current assets 380 363
Total assets 26,421 26,523
Current liabilities:    
Accounts payable 620 589
Accrued and other current liabilities 3,354 3,489
Current portion of long-term debt 282 2,674
Total current liabilities 4,256 6,752
Acquisition-related contingent consideration 282 310
Non-current portion of long-term debt 21,228 18,942
Deferred tax liabilities, net 134 128
Other non-current liabilities 761 713
Total liabilities 26,661 26,845
Commitments and contingencies (Note 17)
Deficit    
Common shares, no par value, unlimited shares authorized, 369,539,455 and 367,843,058 issued and outstanding at March 31, 2025 and December 31, 2024, respectively 10,508 10,490
Additional paid-in capital 220 234
Accumulated deficit (9,882) (9,824)
Accumulated other comprehensive loss (2,029) (2,179)
Total Bausch Health Companies Inc. shareholders’ deficit (1,183) (1,279)
Noncontrolling interest 943 957
Total deficit (240) (322)
Total liabilities and deficit $ 26,421 $ 26,523