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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Sep. 30, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents $ 1,308 $ 1,181
Restricted cash 32 20
Trade receivables, net 2,417 2,140
Inventories, net 1,598 1,595
Prepaid expenses and other current assets 894 838
Total current assets 6,249 5,774
Property, plant and equipment, net 2,026 1,780
Intangible assets, net 4,830 5,551
Goodwill 11,287 11,087
Deferred tax assets, net 2,050 1,968
Other non-current assets 382 363
Total assets 26,824 26,523
Current liabilities:    
Accounts payable 616 589
Accrued and other current liabilities 3,598 3,489
Current portion of long-term debt 579 2,674
Total current liabilities 4,793 6,752
Acquisition-related contingent consideration 224 310
Non-current portion of long-term debt 20,463 18,942
Deferred tax liabilities, net 145 128
Other non-current liabilities 843 713
Total liabilities 26,468 26,845
Commitments and contingencies (Note 18)
Equity (Deficit)    
Common shares, no par value, unlimited shares authorized, 370,473,221 and 367,843,058 issued and outstanding at September 30, 2025 and December 31, 2024, respectively 10,515 10,490
Additional paid-in capital 275 234
Accumulated deficit (9,555) (9,824)
Accumulated other comprehensive loss (1,800) (2,179)
Total Bausch Health Companies Inc. shareholders’ deficit (565) (1,279)
Noncontrolling interest 921 957
Total equity (deficit) 356 (322)
Total liabilities and equity (deficit) $ 26,824 $ 26,523