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INTANGIBLE ASSETS AND GOODWILL (Tables)
3 Months Ended
Mar. 31, 2019
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of indefinite-lived intangible assets
The major components of intangible assets consist of:
 
 
March 31, 2019
 
December 31, 2018
(in millions)
 
Gross
Carrying
Amount
 
Accumulated
Amortization
and
Impairments
 
Net
Carrying
Amount
 
Gross
Carrying
Amount
 
Accumulated
Amortization
and
Impairments
 
Net
Carrying
Amount
Finite-lived intangible assets:
 
 
 
 
 
 
 
 
 
 
 
 
Product brands
 
$
21,066

 
$
(12,376
)
 
$
8,690

 
$
20,891

 
$
(11,958
)
 
$
8,933

Corporate brands
 
927

 
(281
)
 
646

 
926

 
(263
)
 
663

Product rights/patents
 
3,293

 
(2,713
)
 
580

 
3,292

 
(2,658
)
 
634

Partner relationships
 
165

 
(163
)
 
2

 
168

 
(166
)
 
2

Technology and other
 
208

 
(177
)
 
31

 
208

 
(173
)
 
35

Total finite-lived intangible assets
 
25,659

 
(15,710
)
 
9,949

 
25,485

 
(15,218
)
 
10,267

Acquired IPR&D not in service
 
36

 

 
36

 
36

 

 
36

Bausch + Lomb Trademark
 
1,698

 

 
1,698

 
1,698

 

 
1,698

 
 
$
27,393

 
$
(15,710
)
 
$
11,683

 
$
27,219

 
$
(15,218
)
 
$
12,001

Schedule of finite-lived intangible assets
The major components of intangible assets consist of:
 
 
March 31, 2019
 
December 31, 2018
(in millions)
 
Gross
Carrying
Amount
 
Accumulated
Amortization
and
Impairments
 
Net
Carrying
Amount
 
Gross
Carrying
Amount
 
Accumulated
Amortization
and
Impairments
 
Net
Carrying
Amount
Finite-lived intangible assets:
 
 
 
 
 
 
 
 
 
 
 
 
Product brands
 
$
21,066

 
$
(12,376
)
 
$
8,690

 
$
20,891

 
$
(11,958
)
 
$
8,933

Corporate brands
 
927

 
(281
)
 
646

 
926

 
(263
)
 
663

Product rights/patents
 
3,293

 
(2,713
)
 
580

 
3,292

 
(2,658
)
 
634

Partner relationships
 
165

 
(163
)
 
2

 
168

 
(166
)
 
2

Technology and other
 
208

 
(177
)
 
31

 
208

 
(173
)
 
35

Total finite-lived intangible assets
 
25,659

 
(15,710
)
 
9,949

 
25,485

 
(15,218
)
 
10,267

Acquired IPR&D not in service
 
36

 

 
36

 
36

 

 
36

Bausch + Lomb Trademark
 
1,698

 

 
1,698

 
1,698

 

 
1,698

 
 
$
27,393

 
$
(15,710
)
 
$
11,683

 
$
27,219

 
$
(15,218
)
 
$
12,001

Schedule of estimated aggregate amortization expense for each of the five succeeding years
Estimated amortization expense of finite-lived intangible assets for the remainder of 2019 and each of the five succeeding years ending December 31 and thereafter is as follows:
(in millions)
 
 
April through December 2019
 
$
1,410

2020
 
1,639

2021
 
1,389

2022
 
1,237

2023
 
1,088

2024
 
954

Thereafter
 
2,232

Total
 
$
9,949

Schedule of changes in the carrying amount of goodwill
The changes in the carrying amounts of goodwill during the three months ended March 31, 2019 and the year ended December 31, 2018 were as follows:
(in millions)
 
Bausch + Lomb/ International
 
Branded Rx
 
U.S. Diversified Products
 
Salix
 
Ortho Dermatologics
 
Diversified Products
 
Total
Balance, January 1, 2018
 
$
6,016

 
$
6,631

 
$
2,946

 
$

 
$

 
$

 
$
15,593

Impairment of the Salix and Ortho Dermatologics reporting units
 

 
(2,213
)
 

 

 

 

 
(2,213
)
Realignment of Global Solta reporting unit goodwill
 
(82
)
 
115

 
(33
)
 

 

 

 

Goodwill reclassified to assets held for sale and subsequently disposed
 
(2
)
 

 

 

 

 

 
(2
)
Realignment of segment goodwill
 

 
(4,533
)
 
(2,913
)
 
3,156

 
1,267

 
3,023

 

Impairment of the Dentistry reporting unit
 

 

 

 

 

 
(109
)
 
(109
)
Foreign exchange and other
 
(127
)
 

 

 

 

 

 
(127
)
Balance, December 31, 2018
 
5,805

 

 

 
3,156

 
1,267

 
2,914

 
13,142

Acquisition of certain assets of Synergy
 

 

 

 
3

 

 

 
3

Foreign exchange and other
 
(24
)
 

 

 

 

 

 
(24
)
Balance, March 31, 2019
 
$
5,781

 
$

 
$

 
$
3,159

 
$
1,267

 
$
2,914

 
$
13,121