DIVESTITURES (Tables)

9 Months Ended

Sep. 30, 2017

Discontinued Operations and Disposal Groups [Abstract]

Summary of assets held for sale

At September 30, 2017, included in assets and liabilities held for sale are the assets and liabilities of Obagi, Sprout, and other smaller businesses. At December 31, 2016, included in assets and liabilities held for sale are a number of small businesses formerly included in the Bausch + Lomb/International segment.

Assets held for sale were as follows:

(in millions)	September 30, 2017		December 31, 2016
Current assets held for sale:
Cash	$	—	$	1
Trade receivables	—		86
Inventories	14		147
Other	2		27
Current assets held for sale	$	16	$	261
Non-current assets held for sale:
Intangible assets, net	$	717	$	680
Goodwill	—		1,355
Other	1		97
Non-current assets held for sale	$	718	$	2,132

Liabilities held for sale as of September 30, 2017 of $461 million consists of non-current deferred tax liabilities of $293 million and the non-current contingent consideration of $168 million. Current and Non-current liabilities held for sale as of December 31, 2016 of $57 million and $57 million, respectively, consists of deferred tax liabilities and other liabilities.