v3.26.1
Divestitures
6 Months Ended
Jun. 30, 2026
Discontinued Operations and Disposal Groups [Abstract]  
Divestitures Divestitures
By the end of 2024, the Company had substantially completed the previously announced divestitures of its OTC Business, its women’s healthcare business primarily related to oral and injectable contraceptives, its API business in India, its rights to two women’s healthcare products in certain countries, and commercialization rights in the majority of the Upjohn Distributor Markets.

During the six months ended June 30, 2026, the Company recorded additional pre-tax charges of approximately $13.9 million, and during the three and six months ended June 30, 2025, the Company recorded pre-tax charges of approximately $43.8 million and $80.7 million, respectively, primarily related to the divestitures of the OTC and API businesses. The additional charges were recorded as a component of Other (Income) Expense, Net in the condensed consolidated statements of operations, and were primarily due to an increase in estimated transaction related costs, including the assumption of additional contractual obligations, as well as the impact of working capital and other transaction-related adjustments.

In conjunction with these transactions, Viatris and the respective buyers entered into various agreements to provide a framework for our relationship with the respective buyers after the closing of the divestitures, including transition services agreements, manufacturing and supply agreements, and distribution agreements, some of which include various on-going financial obligations. The transition services and distribution agreements were substantially concluded as of December 31, 2025.

Sale of Tyrvaya® Product Rights

On August 3, 2026, the Company entered into a definitive agreement to sell the product rights for Tyrvaya® for upfront cash consideration of $30 million and potential contingent sales milestones of up to $70 million. During the second quarter of 2026, the Company determined that the intangible asset related to Tyrvaya® should be classified as held for sale. Upon classification as held for sale, the Company recognized a charge of $177.8 million to write down the intangible asset to fair value, less cost to sell. The charge is included in SG&A on the condensed consolidated statements of operations. The assets reclassified as held for sale are included in Prepaid Expenses and Other Current Assets in the condensed consolidated balance sheet.