v3.26.1
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Jun. 30, 2026
Dec. 31, 2025
Current assets:    
Cash and cash equivalents $ 1,825 $ 1,309
Restricted cash 13 16
Trade receivables, net 2,263 2,351
Inventories, net 1,602 1,629
Prepaid expenses and other current assets 819 852
Total current assets 6,522 6,157
Property, plant and equipment, net 2,097 2,074
Intangible assets, net 4,179 4,643
Goodwill 9,793 11,271
Deferred tax assets, net 1,845 1,843
Other non-current assets 358 378
Total assets 24,794 26,366
Current liabilities:    
Accounts payable 593 600
Accrued and other current liabilities 3,070 3,344
Financial leases 15 11
Current portion of long-term debt 866 225
Total current liabilities 4,544 4,180
Acquisition-related contingent consideration 210 254
Non-current portion of financial leases 23 23
Non-current portion of long-term debt 19,875 20,592
Deferred tax liabilities, net 211 147
Other non-current liabilities 733 793
Total liabilities 25,596 25,989
Commitments and contingencies (Note 17)
(Deficit) Equity    
Common shares, no par value, unlimited shares authorized, 373,901,440 and 370,531,987 issued and outstanding at June 30, 2026 and December 31, 2025, respectively 10,544 10,516
Additional paid-in capital 342 357
Accumulated deficit (10,832) (9,667)
Accumulated other comprehensive loss (1,825) (1,760)
Total Bausch Health Companies Inc. shareholders’ deficit (1,771) (554)
Noncontrolling interest 969 931
Total (deficit) equity (802) 377
Total liabilities and equity $ 24,794 $ 26,366