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INTANGIBLE ASSETS AND GOODWILL (Tables)
 6 Months Ended
Jun. 30, 2017
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of components of intangible assets
The major components of intangible assets were as follows:
 
 
June 30, 2017
 
December 31, 2016
(in millions)
 
Gross
Carrying
Amount
 
Accumulated
Amortization,
Including
Impairments
 
Net
Carrying
Amount
 
Gross
Carrying
Amount
 
Accumulated
Amortization,
Including
 Impairments
 
Net
Carrying
Amount
Finite-lived intangible assets:
 
 
 
 
 
 
 
 
 
 
 
 
Product brands
 
$
20,702

 
$
(7,930
)
 
$
12,772

 
$
20,725

 
$
(6,883
)
 
$
13,842

Corporate brands
 
940

 
(155
)
 
785

 
999

 
(146
)
 
853

Product rights/patents
 
4,259

 
(2,339
)
 
1,920

 
4,240

 
(2,118
)
 
2,122

Partner relationships
 
169

 
(150
)
 
19

 
152

 
(128
)
 
24

Technology and other
 
210

 
(137
)
 
73

 
252

 
(160
)
 
92

Total finite-lived intangible assets
 
26,280

 
(10,711
)
 
15,569

 
26,368

 
(9,435
)
 
16,933

Acquired IPR&D not in service
 
250

 
(1
)
 
249

 
253

 
—

 
253

B&L Trademark
 
1,698

 
—

 
1,698

 
1,698

 
—

 
1,698

 
 
$
28,228

 
$
(10,712
)
 
$
17,516

 
$
28,319

 
$
(9,435
)
 
$
18,884
Schedule of estimated aggregate amortization expense for each of the five succeeding years
Estimated amortization expense, for the remainder of 2017 and each of the five succeeding years ending December 31 and thereafter is as follows:
(in millions)
 
 
July through December 2017
 
$
1,220

2018
 
2,373

2019
 
2,157

2020
 
2,067

2021
 
1,882

2022
 
1,742

Thereafter
 
4,128

Total
 
$
15,569
Schedule of changes in the carrying amount of goodwill
The changes in the carrying amounts of goodwill during the six months ended June 30, 2017 and the year ended December 31, 2016 were as follows:
(in millions)
 
Developed Markets
 
Emerging Markets
 
Bausch + Lomb/ International
 
Branded Rx
 
U.S. Diversified Products
 
Total
Balance, January 1, 2016
 
$
16,141

 
$
2,412

 
$
—

 
$
—

 
$
—

 
$
18,553

Acquisitions
 
1

 
—

 
—

 
—

 
—

 
1

Divestiture of a portfolio of neurology medical device products
 
(36
)
 
—

 
—

 
—

 
—

 
(36
)
Goodwill related to Ruconest® reclassified to assets held for sale
 
(37
)
 
—

 
—

 
—

 
—

 
(37
)
Foreign exchange and other
 
47

 
(12
)
 
—

 
—

 
—

 
35

Impairment to goodwill of the former U.S. reporting unit
 
(905
)
 
—

 
—

 
—

 
—

 
(905
)
Realignment of segment goodwill
 
(15,211
)
 
(2,400
)
 
6,708

 
7,873

 
3,030

 
—

Impairment to goodwill of the Salix reporting unit
 
—

 
—

 
—

 
(172
)
 
—

 
(172
)
Divestitures
 
—

 
—

 
(5
)
 
—

 
—

 
(5
)
Goodwill reclassified to assets held for sale
 
—

 
—

 
(947
)
 
(431
)
 
—

 
(1,378
)
Foreign exchange and other
 
—

 
—

 
(257
)
 
(5
)
 
—

 
(262
)
Balance, December 31, 2016
 
—

 
—

 
5,499

 
7,265

 
3,030

 
15,794

Realignment of segment goodwill
 
—

 
—

 
264

 
(264
)
 
—

 
—

Balance, January 1, 2017
 
—

 
—

 
5,763

 
7,001

 
3,030

 
15,794

Goodwill reclassified to assets held for sale
 
—

 
—

 
(16
)
 
(3
)
 
(74
)
 
(93
)
Foreign exchange and other
 
—

 
—

 
192

 
(1
)
 
—

 
191

Balance, June 30, 2017
 
$
—

 
$
—

 
$
5,939

 
$
6,997

 
$
2,956

 
$
15,892