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INTANGIBLE ASSETS AND GOODWILL (Tables)
3 Months Ended
Mar. 31, 2022
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of indefinite-lived intangible assets
The major components of intangible assets consist of:
 March 31, 2022December 31, 2021
(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$20,845 $(16,452)$4,393 $20,842 $(16,169)$4,673 
Corporate brands900 (489)411 902 (473)429 
Product rights/patents3,321 (3,191)130 3,321 (3,174)147 
Partner relationships154 (154)— 158 (158)— 
Technology and other199 (199)— 207 (206)
Total finite-lived intangible assets25,419 (20,485)4,934 25,430 (20,180)5,250 
Bausch + Lomb Trademark1,698 — 1,698 1,698 — 1,698 
$27,117 $(20,485)$6,632 $27,128 $(20,180)$6,948 
Schedule of finite-lived intangible assets
The major components of intangible assets consist of:
 March 31, 2022December 31, 2021
(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$20,845 $(16,452)$4,393 $20,842 $(16,169)$4,673 
Corporate brands900 (489)411 902 (473)429 
Product rights/patents3,321 (3,191)130 3,321 (3,174)147 
Partner relationships154 (154)— 158 (158)— 
Technology and other199 (199)— 207 (206)
Total finite-lived intangible assets25,419 (20,485)4,934 25,430 (20,180)5,250 
Bausch + Lomb Trademark1,698 — 1,698 1,698 — 1,698 
$27,117 $(20,485)$6,632 $27,128 $(20,180)$6,948 
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 2022 and each of the five succeeding years ending December 31 and thereafter is as follows:
(in millions)Remainder of 202220232024202520262027ThereafterTotal
Amortization$870 $1,023 $901 $794 $664 $627 $55 $4,934 
Schedule of changes in the carrying amount of goodwill
The changes in the carrying amounts of goodwill during the three months ended March 31, 2022 and the year ended December 31, 2021 were as follows:
(in millions)Bausch + Lomb/ InternationalBausch + LombSalixInternationalOrtho DermatologicsSolta MedicalDiversified ProductsTotal
Balance, January 1, 2021$5,704 $— $3,159 $— $1,267 $— $2,914 $13,044 
Realignment of segment goodwill(5,704)5,395 — 887 — — (578)— 
Impairment— — — — (469)— — (469)
Foreign exchange and other— (77)— (62)— — 21 (118)
Balance, December 31, 2021— 5,318 3,159 825 798 — 2,357 12,457 
Realignment of segment goodwill— — — — (798)115 683 — 
Foreign exchange and other— (26)— (14)— — 10 (30)
Balance, March 31, 2022$— $5,292 $3,159 $811 $— $115 $3,050 $12,427