2020 Q4 Form 8-K Financial Statement

#000088559021000032 Filed on May 04, 2021

View on sec.gov

Income Statement

Concept 2020 Q4 2020 Q3 2020 Q2
Revenue $2.213B $2.138B $1.664B
YoY Change -0.49% -3.21% -22.68%
Cost Of Revenue $645.0M $590.0M $495.0M
YoY Change 1.57% 1.03% -16.67%
Gross Profit $1.568B $1.548B $1.169B
YoY Change -1.32% -4.74% -24.97%
Gross Profit Margin 70.85% 72.4% 70.25%
Selling, General & Admin $636.0M $572.0M $526.0M
YoY Change -4.79% -11.73% -19.2%
% of Gross Profit 40.56% 36.95% 45.0%
Research & Development $119.0M $103.0M $108.0M
YoY Change 4.39% -16.26% -7.69%
% of Gross Profit 7.59% 6.65% 9.24%
Depreciation & Amortization $428.0M $436.0M $480.0M
YoY Change -13.01% -16.15% -9.6%
% of Gross Profit 27.3% 28.17% 41.06%
Operating Expenses $1.138B $675.0M $634.0M
YoY Change -6.49% -12.45% -17.45%
Operating Profit -$5.000M $460.0M -$27.00M
YoY Change -99.54% 39.82% -110.51%
Interest Expense -$381.0M -$385.0M -$383.0M
YoY Change -2.81% -2.53% -4.96%
% of Operating Profit -83.7%
Other Income/Expense, Net -$18.00M -$118.0M
YoY Change 80.0% 1375.0%
Pretax Income -$394.0M $75.00M -$437.0M
YoY Change -73.2% -213.64% 144.13%
Income Tax -$242.0M $5.000M -$112.0M
% Of Pretax Income 6.67%
Net Earnings -$153.0M $71.00M -$326.0M
YoY Change -89.91% -247.92% 91.76%
Net Earnings / Revenue -6.91% 3.32% -19.59%
Basic Earnings Per Share $0.20 -$0.92
Diluted Earnings Per Share -$429.9K $0.20 -$0.92
COMMON SHARES
Basic Shares Outstanding 355.2M shares 355.6M shares 355.3M shares
Diluted Shares Outstanding 357.8M shares 355.3M shares

Balance Sheet

Concept 2020 Q4 2020 Q3 2020 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $605.0M $977.0M $896.0M
YoY Change -81.34% 18.42% 2.05%
Cash & Equivalents $605.0M $977.0M $896.0M
Short-Term Investments
Other Short-Term Assets $2.066B $1.737B $1.787B
YoY Change 164.87% 174.41% 155.29%
Inventory $1.094B $1.224B $1.226B
Prepaid Expenses
Receivables $1.577B $1.733B $1.369B
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $5.342B $5.671B $5.278B
YoY Change -23.35% 31.73% 18.16%
LONG-TERM ASSETS
Property, Plant & Equipment $1.567B $1.550B $1.496B
YoY Change 6.89% 11.51% 9.04%
Goodwill $13.04B $13.16B $13.08B
YoY Change -0.62% 0.83% -0.58%
Intangibles $8.445B $8.923B $9.297B
YoY Change -17.21% -16.22% -16.96%
Long-Term Investments
YoY Change
Other Assets $664.0M $345.0M $367.0M
YoY Change 61.56% -14.18% 1.94%
Total Long-Term Assets $25.86B $25.89B $26.12B
YoY Change -3.86% -5.38% -6.34%
TOTAL ASSETS
Total Short-Term Assets $5.342B $5.671B $5.278B
Total Long-Term Assets $25.86B $25.89B $26.12B
Total Assets $31.20B $31.56B $31.40B
YoY Change -7.87% -0.33% -2.96%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $337.0M $379.0M $447.0M
YoY Change -33.0% -13.27% -15.18%
Accrued Expenses $4.576B $4.353B $4.270B
YoY Change 1.44% 36.12% 36.77%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $0.00 $0.00 $1.000M
YoY Change -100.0% -100.0% -98.21%
Total Short-Term Liabilities $4.913B $4.732B $4.718B
YoY Change -21.37% 26.69% 27.34%
LONG-TERM LIABILITIES
Long-Term Debt $23.93B $24.34B $24.36B
YoY Change -2.98% 3.74% 1.39%
Other Long-Term Liabilities $1.012B $907.0M $802.0M
YoY Change 18.92% 19.34% 2.43%
Total Long-Term Liabilities $24.94B $25.25B $25.16B
YoY Change -2.25% 4.23% 1.42%
TOTAL LIABILITIES
Total Short-Term Liabilities $4.913B $4.732B $4.718B
Total Long-Term Liabilities $24.94B $25.25B $25.16B
Total Liabilities $30.59B $30.91B $30.85B
YoY Change -6.52% 6.18% 3.99%
SHAREHOLDERS EQUITY
Retained Earnings -$8.013B -$7.860B -$7.931B
YoY Change 7.53% 32.41% 34.72%
Common Stock $10.68B $10.65B $10.63B
YoY Change 0.75% 0.76% 0.75%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $535.0M $587.0M $474.0M
YoY Change
Total Liabilities & Shareholders Equity $31.20B $31.56B $31.40B
YoY Change -7.87% -0.33% -2.96%

Cashflow Statement

Concept 2020 Q4 2020 Q3 2020 Q2
OPERATING ACTIVITIES
Net Income -$153.0M $71.00M -$326.0M
YoY Change -89.91% -247.92% 91.76%
Depreciation, Depletion And Amortization $428.0M $436.0M $480.0M
YoY Change -13.01% -16.15% -9.6%
Cash From Operating Activities $394.0M $256.0M $200.0M
YoY Change 68.38% -50.29% -41.0%
INVESTING ACTIVITIES
Capital Expenditures -$84.00M -$82.00M -$71.00M
YoY Change -1.18% -1.2% 12.7%
Acquisitions
YoY Change
Other Investing Activities $0.00 $12.00M $4.000M
YoY Change 20.0% -20.0%
Cash From Investing Activities -$84.00M -$70.00M -$67.00M
YoY Change -1.18% -4.11% 15.52%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -503.0M -117.0M -153.0M
YoY Change -122.31% -75.32% -18.62%
NET CHANGE
Cash From Operating Activities $394.0M $256.0M $200.0M
Cash From Investing Activities -84.00M -70.00M -67.00M
Cash From Financing Activities -503.0M -117.0M -153.0M
Net Change In Cash $394.0M $256.0M $200.0M
YoY Change 68.38% -50.29% -41.0%
FREE CASH FLOW
Cash From Operating Activities $394.0M $256.0M $200.0M
Capital Expenditures -$84.00M -$82.00M -$71.00M
Free Cash Flow $478.0M $338.0M $271.0M
YoY Change 49.84% -43.48% -32.59%

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CY2020 us-gaap Nature Of Operations
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DESCRIPTION OF BUSINESSBausch Health Companies Inc. (the “Company”), formerly known as Valeant Pharmaceuticals International, Inc., is a multinational, specialty pharmaceutical and medical device company that develops, manufactures and markets a broad range of branded, generic and branded generic pharmaceuticals, over-the-counter (“OTC”) products and medical devices (contact lenses, intraocular lenses, ophthalmic surgical equipment and aesthetics devices) which are marketed directly or indirectly in approximately 100 countries. Effective August 9, 2013, the Company continued from the federal jurisdiction of Canada to the Province of British Columbia, meaning that the Company became a company registered under the laws of the Province of British Columbia as if it had been incorporated under the laws of the Province of British Columbia. As a result of this continuance, the legal domicile of the Company became the Province of British Columbia, the Canada Business Corporations Act ceased to apply to the Company and the Company became subject to the British Columbia Business Corporations Act.
CY2020 us-gaap Use Of Estimates
UseOfEstimates
<div style="margin-bottom:8pt;margin-top:8pt;padding-left:18pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Use of Estimates</span></div><div style="margin-bottom:8pt;margin-top:8pt;padding-left:18pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">In preparing the Company's Consolidated Financial Statements, management is required to make estimates and assumptions. This includes estimates and assumptions regarding the nature, timing and extent of the impacts that the COVID-19 pandemic will have on its operations and cash flows. The estimates and assumptions used by the Company affect the reported amounts of assets and liabilities, the disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting periods. Significant estimates made by management include: provisions for product returns, rebates, chargebacks, discounts and allowances and distribution fees paid to certain wholesalers; useful lives of amortizable intangible assets and property, plant and equipment; expected future cash flows used in evaluating intangible assets for impairment, assessing compliance with debt covenants and making going concern assessments; reporting unit fair values for testing goodwill for impairment and allocating goodwill to new reporting unit structure on a relative fair value basis; provisions for loss contingencies; provisions for income taxes, uncertain tax positions and realizability of deferred tax assets; fair value of cross-currency swaps; and the recognition of the fair value of assets and liabilities acquired in a business combination, including the fair value of contingent consideration. Under certain product manufacturing and supply agreements, management uses information from the Company’s commercialization counterparties to arrive at estimates for future returns, rebates and chargebacks. </span></div><div style="margin-bottom:8pt;margin-top:8pt;padding-left:18pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">On an ongoing basis, management reviews its estimates to ensure that these estimates appropriately reflect changes in the Company’s business and new information as it becomes available. If historical experience and other factors used by management to make these estimates do not reasonably reflect future activity, the Company’s Consolidated Financial Statements could be materially impacted.</span></div>
CY2020 us-gaap Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
<div style="margin-bottom:8pt;margin-top:8pt;padding-left:18pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Reclassifications</span></div><div style="margin-bottom:8pt;margin-top:8pt;padding-left:18pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Certain reclassifications have been made to prior year amounts to conform to the current year presentation.</span></div>
CY2020 bhc Maximum Term Of Original Maturity To Classify Instruments As Cash And Cash Equivalents
MaximumTermOfOriginalMaturityToClassifyInstrumentsAsCashAndCashEquivalents
P3M
CY2020 us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<div style="margin-bottom:8pt;margin-top:8pt;padding-left:18pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Concentrations of Credit Risk </span></div><div style="margin-bottom:8pt;margin-top:8pt;padding-left:18pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Financial instruments that potentially subject the Company to significant concentrations of credit risk consist primarily of cash and cash equivalents, marketable securities, trade receivables, cross-currency swaps and foreign currency exchange contracts.</span></div><div style="margin-bottom:8pt;margin-top:8pt;padding-left:18pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The Company invests its excess cash in high-quality, money market instruments and term deposits with varying maturities, but typically less than three months.</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%"> </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Cash deposited at banks may exceed the amount of insurance provided on such deposits. Generally, these cash deposits may be redeemed upon demand and are maintained with financial institutions with reputable credit and therefore bear minimal credit risk. The Company seeks to mitigate such risks by spreading its risk across multiple counterparties and monitoring the risk profiles of these counterparties.</span></div>The Company’s trade receivables primarily represent amounts due from wholesale distributors, retail pharmacies, government entities and group purchasing organizations. Outside of the U.S., concentrations of credit risk with respect to trade receivables, which are typically unsecured, are limited due to the number of customers using the Company’s products, as well as their dispersion across many different geographic regions. The Company performs periodic credit evaluations of customers and does not require collateral. The Company monitors economic conditions, including volatility associated with international economies, and related impacts on the relevant financial markets and its business, especially in light of sovereign credit issues. The credit and economic conditions within Argentina, Brazil, Egypt, Greece, among other members of the European Union, Turkey, Ukraine and Venezuela have been weak in recent years.
CY2020 bhc Maximum Term Of Original Maturity To Classify Instruments As Cash And Cash Equivalents
MaximumTermOfOriginalMaturityToClassifyInstrumentsAsCashAndCashEquivalents
P3M
CY2020 bhc Concentration Risk Percentageof Net Trade Receivables
ConcentrationRiskPercentageofNetTradeReceivables
0.38 number
CY2020 us-gaap Financing Receivable Allowance For Credit Losses Policy For Uncollectible Amounts
FinancingReceivableAllowanceForCreditLossesPolicyForUncollectibleAmounts
Allowance for Credit LossesAn allowance is maintained for potential credit losses. The Company estimates the current expected credit loss on its receivables based on various factors, including historical credit loss experience, customer credit worthiness, value of collaterals (if any), and any relevant current and reasonably supportable future economic factors.  Additionally, the Company generally estimates the expected credit loss on a pool basis when customers are deemed to have similar risk characteristics. Trade receivable balances are written off against the allowance when it is deemed probable that the trade receivable will not be collected. Trade receivables, net are stated net of certain sales provisions and the allowance for credit losses.
CY2020Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
39000000 USD
CY2019Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
48000000 USD
CY2018Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
47000000 USD
CY2019Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
48000000 USD
CY2018Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
47000000 USD
CY2017Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
97000000 USD
CY2020 bhc Accounts Receivable Effect Of Retrospective Application Of Accounting Standards Update
AccountsReceivableEffectOfRetrospectiveApplicationOfAccountingStandardsUpdate
1000000 USD
CY2019 bhc Accounts Receivable Effect Of Retrospective Application Of Accounting Standards Update
AccountsReceivableEffectOfRetrospectiveApplicationOfAccountingStandardsUpdate
0 USD
CY2018 bhc Accounts Receivable Effect Of Retrospective Application Of Accounting Standards Update
AccountsReceivableEffectOfRetrospectiveApplicationOfAccountingStandardsUpdate
0 USD
CY2020 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
2000000 USD
CY2019 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
10000000 USD
CY2018 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
4000000 USD
CY2020 us-gaap Allowance For Doubtful Accounts Receivable Write Offs
AllowanceForDoubtfulAccountsReceivableWriteOffs
12000000 USD
CY2019 us-gaap Allowance For Doubtful Accounts Receivable Write Offs
AllowanceForDoubtfulAccountsReceivableWriteOffs
10000000 USD
CY2018 us-gaap Allowance For Doubtful Accounts Receivable Write Offs
AllowanceForDoubtfulAccountsReceivableWriteOffs
50000000 USD
CY2020 us-gaap Allowance For Doubtful Accounts Receivable Recoveries
AllowanceForDoubtfulAccountsReceivableRecoveries
3000000 USD
CY2019 us-gaap Allowance For Doubtful Accounts Receivable Recoveries
AllowanceForDoubtfulAccountsReceivableRecoveries
1000000 USD
CY2018 us-gaap Allowance For Doubtful Accounts Receivable Recoveries
AllowanceForDoubtfulAccountsReceivableRecoveries
2000000 USD
CY2020 bhc Accounts Receivable Allowance For Foreign Exchange And Other
AccountsReceivableAllowanceForForeignExchangeAndOther
3000000 USD
CY2019 bhc Accounts Receivable Allowance For Foreign Exchange And Other
AccountsReceivableAllowanceForForeignExchangeAndOther
0 USD
CY2018 bhc Accounts Receivable Allowance For Foreign Exchange And Other
AccountsReceivableAllowanceForForeignExchangeAndOther
6000000 USD
CY2020Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
39000000 USD
CY2019Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
48000000 USD
CY2018Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
47000000 USD
CY2018Q4 us-gaap Valuation Allowances And Reserves Balance
ValuationAllowancesAndReservesBalance
2384000000 USD
CY2019 us-gaap Valuation Allowances And Reserves Reserves Of Businesses Acquired
ValuationAllowancesAndReservesReservesOfBusinessesAcquired
16000000 USD
CY2019 us-gaap Valuation Allowances And Reserves Charged To Other Accounts
ValuationAllowancesAndReservesChargedToOtherAccounts
5287000000 USD
CY2019 us-gaap Valuation Allowances And Reserves Deductions
ValuationAllowancesAndReservesDeductions
5637000000 USD
CY2019Q4 us-gaap Valuation Allowances And Reserves Balance
ValuationAllowancesAndReservesBalance
2050000000 USD
CY2020 us-gaap Valuation Allowances And Reserves Charged To Other Accounts
ValuationAllowancesAndReservesChargedToOtherAccounts
5036000000 USD
CY2020 us-gaap Valuation Allowances And Reserves Deductions
ValuationAllowancesAndReservesDeductions
5273000000 USD
CY2020Q4 us-gaap Valuation Allowances And Reserves Balance
ValuationAllowancesAndReservesBalance
1813000000 USD
CY2020 bhc Cash Discounts And Allowances Settlement Period
CashDiscountsAndAllowancesSettlementPeriod
P1M
CY2020 bhc Sensitivity Analysis Impact Of1 Percent Change In Estimated Return Rate Income Loss Before Tax
SensitivityAnalysisImpactOf1PercentChangeInEstimatedReturnRateIncomeLossBeforeTax
76000000 USD
CY2020 bhc Sensitivity Analysis Impact Of1 Percent Change In Volume Of Product Sold Through To Medicaid Plan Participants Income Loss Before Tax
SensitivityAnalysisImpactOf1PercentChangeInVolumeOfProductSoldThroughToMedicaidPlanParticipantsIncomeLossBeforeTax
76000000 USD
CY2019Q1 us-gaap Operating Lease Liability
OperatingLeaseLiability
302000000 USD
CY2019Q1 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
302000000 USD
CY2020 us-gaap Advertising Expense
AdvertisingExpense
451000000 USD
CY2019 us-gaap Advertising Expense
AdvertisingExpense
544000000 USD
CY2018 us-gaap Advertising Expense
AdvertisingExpense
481000000 USD
CY2020 us-gaap Interest Costs Capitalized
InterestCostsCapitalized
45000000 USD
CY2019 us-gaap Interest Costs Capitalized
InterestCostsCapitalized
34000000 USD
CY2020 bhc Tax Benefit Recognition Measurement Percentage
TaxBenefitRecognitionMeasurementPercentage
0.50 number
CY2020 bhc Minimum Period To Classify Uncertain Tax Position Liabilities As Long Term Liabilities
MinimumPeriodToClassifyUncertainTaxPositionLiabilitiesAsLongTermLiabilities
P1Y
CY2020 bhc Defined Benefit Plan Actuarial Gain Loss Amortization Threshold Percentage
DefinedBenefitPlanActuarialGainLossAmortizationThresholdPercentage
0.10 number
CY2019 bhc Number Of Other Businesses Acquired
NumberOfOtherBusinessesAcquired
0 businessCombination
CY2020 bhc Number Of Other Businesses Acquired
NumberOfOtherBusinessesAcquired
0 businessCombination
CY2018 bhc Number Of Other Businesses Acquired
NumberOfOtherBusinessesAcquired
0 businessCombination
CY2020 bhc Highly Liquid Investments Maturity Period
HighlyLiquidInvestmentsMaturityPeriod
P3M
CY2020 us-gaap Payments For Proceeds From Hedge Investing Activities
PaymentsForProceedsFromHedgeInvestingActivities
23000000 USD
CY2019Q4 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliations Recurring Basis Liability Value
FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue
316000000 USD
CY2018Q4 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliations Recurring Basis Liability Value
FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue
339000000 USD
CY2020 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Gain Loss Included In Earnings
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityGainLossIncludedInEarnings
48000000 USD
CY2019 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Gain Loss Included In Earnings
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityGainLossIncludedInEarnings
12000000 USD
CY2020 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Settlements
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilitySettlements
36000000 USD
CY2019 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Settlements
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilitySettlements
36000000 USD
CY2020 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Gain Loss Included In Other Comprehensive Income
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityGainLossIncludedInOtherComprehensiveIncome
0 USD
CY2019 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Gain Loss Included In Other Comprehensive Income
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityGainLossIncludedInOtherComprehensiveIncome
1000000 USD
CY2020Q4 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliations Recurring Basis Liability Value
FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue
328000000 USD
CY2019Q4 us-gaap Inventory Work In Process
InventoryWorkInProcess
149000000 USD
CY2019Q4 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliations Recurring Basis Liability Value
FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue
316000000 USD
CY2020Q4 us-gaap Business Combination Contingent Consideration Liability Current
BusinessCombinationContingentConsiderationLiabilityCurrent
112000000 USD
CY2019Q4 us-gaap Business Combination Contingent Consideration Liability Current
BusinessCombinationContingentConsiderationLiabilityCurrent
54000000 USD
CY2020Q4 us-gaap Business Combination Contingent Consideration Liability Noncurrent
BusinessCombinationContingentConsiderationLiabilityNoncurrent
216000000 USD
CY2019Q4 us-gaap Business Combination Contingent Consideration Liability Noncurrent
BusinessCombinationContingentConsiderationLiabilityNoncurrent
262000000 USD
CY2020Q4 us-gaap Inventory Raw Materials
InventoryRawMaterials
286000000 USD
CY2019Q4 us-gaap Inventory Raw Materials
InventoryRawMaterials
319000000 USD
CY2020Q4 us-gaap Inventory Work In Process
InventoryWorkInProcess
143000000 USD
CY2020Q4 us-gaap Inventory Finished Goods
InventoryFinishedGoods
665000000 USD
CY2019Q4 us-gaap Inventory Finished Goods
InventoryFinishedGoods
639000000 USD
CY2020Q4 us-gaap Inventory Net
InventoryNet
1094000000 USD
CY2019Q4 us-gaap Inventory Net
InventoryNet
1107000000 USD
CY2020Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
3348000000 USD
CY2019Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
3107000000 USD
CY2020Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
1781000000 USD
CY2019Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
1641000000 USD
CY2020Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
1567000000 USD
CY2019Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
1466000000 USD
CY2020 us-gaap Depreciation
Depreciation
180000000 USD
CY2019 us-gaap Depreciation
Depreciation
178000000 USD
CY2018 us-gaap Depreciation
Depreciation
175000000 USD
CY2020Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
25481000000 USD
CY2020Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
18741000000 USD
CY2020Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
6740000000 USD
CY2019Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
25613000000 USD
CY2019Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
17123000000 USD
CY2019Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
8490000000 USD
CY2020Q4 us-gaap Intangible Assets Gross Excluding Goodwill
IntangibleAssetsGrossExcludingGoodwill
27186000000 USD
CY2020Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
18741000000 USD
CY2020Q4 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
8445000000 USD
CY2019Q4 us-gaap Intangible Assets Gross Excluding Goodwill
IntangibleAssetsGrossExcludingGoodwill
27324000000 USD
CY2019Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
17123000000 USD
CY2019Q4 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
10201000000 USD
CY2020Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
1389000000 USD
CY2020Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
1204000000 USD
CY2020Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
1030000000 USD
CY2020Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
905000000 USD
CY2020Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseYearFive
822000000 USD
CY2020Q4 us-gaap Finite Lived Intangible Assets Amortization Expense After Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseAfterYearFive
1390000000 USD
CY2020Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
6740000000 USD
CY2017Q4 us-gaap Goodwill
Goodwill
15593000000 USD
CY2018 us-gaap Goodwill Written Off Related To Sale Of Business Unit
GoodwillWrittenOffRelatedToSaleOfBusinessUnit
2000000 USD
CY2018 us-gaap Goodwill Foreign Currency Translation Gain Loss
GoodwillForeignCurrencyTranslationGainLoss
-127000000 USD
CY2018Q4 us-gaap Goodwill
Goodwill
13142000000 USD
CY2019 us-gaap Goodwill Acquired During Period
GoodwillAcquiredDuringPeriod
3000000 USD
CY2019 us-gaap Goodwill Written Off Related To Sale Of Business Unit
GoodwillWrittenOffRelatedToSaleOfBusinessUnit
18000000 USD
CY2019 us-gaap Goodwill Foreign Currency Translation Gain Loss
GoodwillForeignCurrencyTranslationGainLoss
-1000000 USD
CY2019Q4 us-gaap Goodwill
Goodwill
13126000000 USD
CY2020 bhc Goodwill Transfers Related To Sale Of Business Unit
GoodwillTransfersRelatedToSaleOfBusinessUnit
18000000 USD
CY2020 us-gaap Goodwill Written Off Related To Sale Of Business Unit
GoodwillWrittenOffRelatedToSaleOfBusinessUnit
217000000 USD
CY2020 us-gaap Goodwill Foreign Currency Translation Gain Loss
GoodwillForeignCurrencyTranslationGainLoss
117000000 USD
CY2020Q4 us-gaap Goodwill
Goodwill
13044000000 USD
CY2019Q4 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
0 USD
CY2020Q4 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
2213000000 USD
CY2019Q4 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
2224000000 USD
CY2020Q4 bhc Increase Decrease In Year Over Year Revenue From Contract With Customer Excluding Assessed Tax
IncreaseDecreaseInYearOverYearRevenueFromContractWithCustomerExcludingAssessedTax
-11000000 USD
CY2020Q4 bhc Increase Decrease In Year Over Year Revenue From Contract With Customer Excluding Assessed Tax Percentage
IncreaseDecreaseInYearOverYearRevenueFromContractWithCustomerExcludingAssessedTaxPercentage
-0.01 number
CY2020Q2 bhc Increase Decrease In Year Over Year Revenue From Contract With Customer Excluding Assessed Tax Percentage
IncreaseDecreaseInYearOverYearRevenueFromContractWithCustomerExcludingAssessedTaxPercentage
-0.23 number
CY2020Q3 bhc Increase Decrease In Year Over Year Revenue From Contract With Customer Excluding Assessed Tax Percentage
IncreaseDecreaseInYearOverYearRevenueFromContractWithCustomerExcludingAssessedTaxPercentage
-0.03 number
CY2020Q4 us-gaap Goodwill Impaired Accumulated Impairment Loss
GoodwillImpairedAccumulatedImpairmentLoss
3711000000 USD
CY2020Q4 us-gaap Accrued Income Taxes Current
AccruedIncomeTaxesCurrent
158000000 USD
CY2020Q4 bhc Legalsettlementsandrelatedfees
Legalsettlementsandrelatedfees
1672000000 USD
CY2019Q4 bhc Legalsettlementsandrelatedfees
Legalsettlementsandrelatedfees
1397000000 USD
CY2020Q4 bhc Accrued Product Rebate Current
AccruedProductRebateCurrent
747000000 USD
CY2019Q4 bhc Accrued Product Rebate Current
AccruedProductRebateCurrent
898000000 USD
CY2020Q4 bhc Accrued Product Return Current
AccruedProductReturnCurrent
575000000 USD
CY2019Q4 bhc Accrued Product Return Current
AccruedProductReturnCurrent
691000000 USD
CY2020Q4 us-gaap Interest Payable Current
InterestPayableCurrent
341000000 USD
CY2019Q4 us-gaap Interest Payable Current
InterestPayableCurrent
305000000 USD
CY2020Q4 us-gaap Accrued Employee Benefits Current
AccruedEmployeeBenefitsCurrent
316000000 USD
CY2019Q4 us-gaap Accrued Employee Benefits Current
AccruedEmployeeBenefitsCurrent
304000000 USD
CY2018Q4 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
25000000 USD
CY2019Q4 us-gaap Accrued Income Taxes Current
AccruedIncomeTaxesCurrent
196000000 USD
CY2020Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
767000000 USD
CY2019Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
720000000 USD
CY2020Q4 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
4576000000 USD
CY2019Q4 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
4511000000 USD
CY2020Q4 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
24185000000 USD
CY2020Q4 us-gaap Long Term Debt
LongTermDebt
23925000000 USD
CY2019Q4 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
26188000000 USD
CY2019Q4 us-gaap Long Term Debt
LongTermDebt
25895000000 USD
CY2020Q4 us-gaap Long Term Debt Current
LongTermDebtCurrent
0 USD
CY2019Q4 us-gaap Long Term Debt Current
LongTermDebtCurrent
1234000000 USD
CY2020Q4 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
23925000000 USD
CY2019Q4 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
24661000000 USD
CY2018Q2 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
74000000 USD
CY2018Q2 us-gaap Payments Of Debt Restructuring Costs
PaymentsOfDebtRestructuringCosts
4000000 USD
CY2020 bhc Debt Instrument Redemption Price Percentage Changein Control
DebtInstrumentRedemptionPricePercentageChangeinControl
1.01 number
CY2019Q1 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
-8000000 USD
CY2020Q2 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
-27000000 USD
CY2020Q4 us-gaap Debt Weighted Average Interest Rate
DebtWeightedAverageInterestRate
0.0602 number
CY2019Q4 us-gaap Debt Weighted Average Interest Rate
DebtWeightedAverageInterestRate
0.0621 number
CY2020Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Next Twelve Months
LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths
0 USD
CY2020Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
0 USD
CY2020Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
0 USD
CY2020Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour
2291000000 USD
CY2020Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive
10632000000 USD
CY2020Q4 us-gaap Long Term Debt Maturities Repayments Of Principal After Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearFive
11262000000 USD
CY2020Q4 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
24185000000 USD
CY2020Q4 us-gaap Debt Instrument Unamortized Discount
DebtInstrumentUnamortizedDiscount
260000000 USD
CY2020Q4 us-gaap Long Term Debt
LongTermDebt
23925000000 USD
CY2020 bhc Defined Benefit Plan Estimated Future Benefit Payments Period
DefinedBenefitPlanEstimatedFutureBenefitPaymentsPeriod
P10Y
CY2020 us-gaap Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
43000000 USD
CY2019 us-gaap Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
41000000 USD
CY2018 us-gaap Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
36000000 USD
CY2020Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
259000000 USD
CY2019Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
271000000 USD
CY2020Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
52000000 USD
CY2019Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
53000000 USD
CY2020Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
227000000 USD
CY2019Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
240000000 USD
CY2020Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
279000000 USD
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P8Y2M12D
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47000000 USD
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34000000 USD
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227000000 USD
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279000000 USD
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52000000 USD
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27000000 USD
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32000000 USD
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41000000 USD
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1000000 USD
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1000000 USD
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31000000 USD
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CY2019 us-gaap Business Combination Acquisition Related Costs
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27000000 USD
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CY2019 us-gaap Interest Paid Net
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CY2018 us-gaap Interest Paid Net
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CY2020 us-gaap Income Taxes Paid
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CY2019 us-gaap Income Taxes Paid
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172000000 USD
CY2018 us-gaap Income Taxes Paid
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CY2020Q4 bhc Legalsettlementsandrelatedfees
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1672000000 USD
CY2020Q4 us-gaap Contractual Obligation
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54000000 USD
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360000000 USD
CY2020 bhc Amortization Of Intangible Assets Excluding Amortization Allocated To Revenues Cost Of Good Sold
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1645000000 USD
CY2019 bhc Amortization Of Intangible Assets Excluding Amortization Allocated To Revenues Cost Of Good Sold
AmortizationOfIntangibleAssetsExcludingAmortizationAllocatedToRevenuesCostOfGoodSold
1897000000 USD
CY2018 bhc Amortization Of Intangible Assets Excluding Amortization Allocated To Revenues Cost Of Good Sold
AmortizationOfIntangibleAssetsExcludingAmortizationAllocatedToRevenuesCostOfGoodSold
2644000000 USD
CY2020 bhc Goodwill Impairment Loss Not Included In Asset Impairment Charges
GoodwillImpairmentLossNotIncludedInAssetImpairmentCharges
0 USD
CY2019 bhc Goodwill Impairment Loss Not Included In Asset Impairment Charges
GoodwillImpairmentLossNotIncludedInAssetImpairmentCharges
0 USD
CY2018 bhc Goodwill Impairment Loss Not Included In Asset Impairment Charges
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2322000000 USD
CY2020 us-gaap Asset Impairment Charges
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CY2019 us-gaap Asset Impairment Charges
AssetImpairmentCharges
75000000 USD
CY2018 us-gaap Asset Impairment Charges
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CY2020 us-gaap Restructuring Charges
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CY2019 us-gaap Restructuring Charges
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CY2018 us-gaap Restructuring Charges
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CY2020 us-gaap Business Combination Contingent Consideration Arrangements Change In Amount Of Contingent Consideration Asset1
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CY2019 us-gaap Business Combination Contingent Consideration Arrangements Change In Amount Of Contingent Consideration Asset1
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9000000 USD
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CY2019 us-gaap Investment Income Interest
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CY2019 us-gaap Interest And Debt Expense
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1685000000 USD
CY2020 us-gaap Gains Losses On Extinguishment Of Debt
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CY2018 us-gaap Foreign Currency Transaction Gain Loss Before Tax
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23000000 USD
CY2020 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
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CY2018 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
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CY2020 us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
302000000 USD
CY2019 us-gaap Payments To Acquire Productive Assets
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270000000 USD
CY2018 us-gaap Payments To Acquire Productive Assets
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157000000 USD
CY2020 bhc Concentration Risk Number Of Products
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10 product
CY2018 bhc Concentration Risk Number Of Products
ConcentrationRiskNumberOfProducts
10 product
CY2019 bhc Concentration Risk Number Of Products
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CY2020 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
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8027000000 USD
CY2019 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
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8601000000 USD
CY2018 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
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CY2020 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
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8027000000 USD
CY2019 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
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8601000000 USD
CY2018 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
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8380000000 USD
CY2020Q4 us-gaap Noncurrent Assets
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CY2019Q4 us-gaap Noncurrent Assets
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CY2020Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
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CY2020Q1 us-gaap Costs And Expenses
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CY2020Q2 us-gaap Costs And Expenses
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CY2020Q3 us-gaap Costs And Expenses
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CY2020Q1 us-gaap Operating Income Loss
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248000000 USD
CY2020Q2 us-gaap Operating Income Loss
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460000000 USD
CY2020Q4 us-gaap Operating Income Loss
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CY2020Q1 us-gaap Net Income Loss Available To Common Stockholders Basic
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CY2020Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
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CY2020Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
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71000000 USD
CY2020Q4 us-gaap Net Income Loss Available To Common Stockholders Basic
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CY2020Q1 us-gaap Earnings Per Share Basic And Diluted
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0.20
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EarningsPerShareBasicAndDiluted
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CY2020Q1 us-gaap Net Cash Provided By Used In Operating Activities
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261000000 USD
CY2020Q2 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
200000000 USD
CY2020Q3 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
256000000 USD
CY2020Q4 us-gaap Net Cash Provided By Used In Operating Activities
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394000000 USD
CY2019Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
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2016000000 USD
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2152000000 USD
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RevenueFromContractWithCustomerExcludingAssessedTax
2209000000 USD
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2224000000 USD
CY2019Q1 us-gaap Costs And Expenses
CostsAndExpenses
1729000000 USD
CY2019Q2 us-gaap Costs And Expenses
CostsAndExpenses
1895000000 USD
CY2019Q3 us-gaap Costs And Expenses
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1880000000 USD
CY2019Q4 us-gaap Costs And Expenses
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3300000000 USD
CY2019Q1 us-gaap Operating Income Loss
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CY2019Q3 us-gaap Operating Income Loss
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329000000 USD
CY2019Q4 us-gaap Operating Income Loss
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CY2019Q1 us-gaap Net Income Loss Available To Common Stockholders Basic
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CY2019Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
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-171000000 USD
CY2019Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
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CY2019Q4 us-gaap Net Income Loss Available To Common Stockholders Basic
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CY2019Q1 us-gaap Earnings Per Share Basic And Diluted
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EarningsPerShareBasicAndDiluted
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CY2019Q3 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
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CY2019Q4 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
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CY2019Q1 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
413000000 USD
CY2019Q2 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
339000000 USD
CY2019Q3 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
515000000 USD
CY2019Q4 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
234000000 USD

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