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SEGMENT INFORMATION - Segment Revenues and Profit (Details) - USD ($) $ in Millions | 3 Months Ended | 9 Months Ended
--- | --- | ---
Sep. 30, 2025 | Sep. 30, 2024 | Sep. 30, 2025 | Sep. 30, 2024
Segment reporting information |  |  |  |
Revenues | $ 2,681 | $ 2,510 | $ 7,470 | $ 7,066
Selling, general and administrative | 795 | 850 | 2,556 | 2,476
Research and development | 166 | 146 | 468 | 453
Operating income | 619 | 318 | 1,339 | 988
Amortization of intangible assets | (253) | (274) | (765) | (818)
Asset impairments | (1) | 0 | (1) | (6)
Restructuring, integration and separation costs | (17) | (1) | (49) | (25)
Other expense, net | (80) | (225) | (77) | (245)
Interest income | 15 | 7 | 39 | 24
Interest expense | (412) | (346) | (1,207) | (1,051)
Gain on extinguishment of debt | 3 | 0 | 181 | 23
Foreign exchange and other | (7) | 0 | (41) | (26)
Income (loss) before income taxes | 218 | (21) | 311 | (42)
Product sales |  |  |  |
Segment reporting information |  |  |  |
Revenues | 2,657 | 2,482 | 7,388 | 6,990
Cost of goods sold and Cost of other revenues | 735 | 682 | 2,166 | 2,018
Other revenues |  |  |  |
Segment reporting information |  |  |  |
Revenues | 24 | 28 | 82 | 76
Cost of goods sold and Cost of other revenues | 15 | 14 | 49 | 37
Operating Segment |  |  |  |
Segment reporting information |  |  |  |
Revenues | 2,681 | 2,510 | 7,470 | 7,066
Operating income | 1,213 | 1,066 | 3,003 | 2,828
Operating Segment | Salix |  |  |  |
Segment reporting information |  |  |  |
Revenues | 716 | 642 | 1,885 | 1,699
Selling, general and administrative | 79 | 147 | 302 | 351
Research and development | 21 | 19 | 59 | 76
Operating income | 570 | 436 | 1,396 | 1,142
Operating Segment | Salix | Product sales |  |  |  |
Segment reporting information |  |  |  |
Cost of goods sold and Cost of other revenues | 46 | 40 | 128 | 130
Operating Segment | Salix | Other revenues |  |  |  |
Segment reporting information |  |  |  |
Cost of goods sold and Cost of other revenues | 0 | 0 | 0 | 0
Operating Segment | International |  |  |  |
Segment reporting information |  |  |  |
Revenues | 286 | 291 | 826 | 832
Selling, general and administrative | 57 | 54 | 172 | 164
Research and development | 7 | 5 | 19 | 17
Operating income | 90 | 105 | 253 | 278
Operating Segment | International | Product sales |  |  |  |
Segment reporting information |  |  |  |
Cost of goods sold and Cost of other revenues | 118 | 113 | 337 | 338
Operating Segment | International | Other revenues |  |  |  |
Segment reporting information |  |  |  |
Cost of goods sold and Cost of other revenues | 14 | 14 | 45 | 35
Operating Segment | Solta Medical |  |  |  |
Segment reporting information |  |  |  |
Revenues | 140 | 112 | 381 | 302
Selling, general and administrative | 31 | 26 | 91 | 77
Research and development | 9 | 5 | 20 | 12
Operating income | 70 | 53 | 177 | 140
Operating Segment | Solta Medical | Product sales |  |  |  |
Segment reporting information |  |  |  |
Cost of goods sold and Cost of other revenues | 30 | 28 | 93 | 73
Operating Segment | Solta Medical | Other revenues |  |  |  |
Segment reporting information |  |  |  |
Cost of goods sold and Cost of other revenues | 0 | 0 | 0 | 0
Operating Segment | Diversified |  |  |  |
Segment reporting information |  |  |  |
Revenues | 258 | 269 | 682 | 722
Selling, general and administrative | 41 | 40 | 129 | 134
Research and development | 3 | 3 | 10 | 11
Operating income | 182 | 189 | 448 | 469
Operating Segment | Diversified | Product sales |  |  |  |
Segment reporting information |  |  |  |
Cost of goods sold and Cost of other revenues | 32 | 37 | 95 | 108
Operating Segment | Diversified | Other revenues |  |  |  |
Segment reporting information |  |  |  |
Cost of goods sold and Cost of other revenues | 0 | 0 | 0 | 0
Operating Segment | Bausch + Lomb |  |  |  |
Segment reporting information |  |  |  |
Revenues | 1,281 | 1,196 | 3,696 | 3,511
Selling, general and administrative | 429 | 420 | 1,346 | 1,254
Research and development | 41 | 29 | 104 | 87
Operating income | 301 | 283 | 729 | 799
Operating Segment | Bausch + Lomb | Product sales |  |  |  |
Segment reporting information |  |  |  |
Cost of goods sold and Cost of other revenues | 509 | 464 | 1,513 | 1,369
Operating Segment | Bausch + Lomb | Other revenues |  |  |  |
Segment reporting information |  |  |  |
Cost of goods sold and Cost of other revenues | 1 | 0 | 4 | 2
Corporate |  |  |  |
Segment reporting information |  |  |  |
Operating income | $ (243) | $ (248) | $ (772) | $ (746)

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