INTANGIBLE ASSETS AND GOODWILL (Tables)

12 Months Ended

Dec. 31, 2021

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of components of finite-lived intangible assets

The major components of intangible assets as of December 31, 2021 and 2020 consist of:

	Weighted- Average Remaining Useful Lives (Years)	2021						2020
(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	5	$	20,842	$	(16,169)	$	4,673	$	20,890	$	(14,914)	$	5,976
Corporate brands	6	902		(473)		429		907		(404)		503
Product rights/patents	4	3,321		(3,174)		147		3,305		(3,055)		250
Partner relationships	0	158		(158)		—		169		(168)		1
Technology and other	1	207		(206)		1		210		(200)		10
Total finite-lived intangible assets		25,430		(20,180)		5,250		25,481		(18,741)		6,740
Acquired IPR&D not in service	NA	—		—		—		7		—		7
B&L Trademark	NA	1,698		—		1,698		1,698		—		1,698
		$	27,128	$	(20,180)	$	6,948	$	27,186	$	(18,741)	$	8,445

Schedule of components of indefinite-lived intangible assets

The major components of intangible assets as of December 31, 2021 and 2020 consist of:

	Weighted- Average Remaining Useful Lives (Years)	2021						2020
(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	5	$	20,842	$	(16,169)	$	4,673	$	20,890	$	(14,914)	$	5,976
Corporate brands	6	902		(473)		429		907		(404)		503
Product rights/patents	4	3,321		(3,174)		147		3,305		(3,055)		250
Partner relationships	0	158		(158)		—		169		(168)		1
Technology and other	1	207		(206)		1		210		(200)		10
Total finite-lived intangible assets		25,430		(20,180)		5,250		25,481		(18,741)		6,740
Acquired IPR&D not in service	NA	—		—		—		7		—		7
B&L Trademark	NA	1,698		—		1,698		1,698		—		1,698
		$	27,128	$	(20,180)	$	6,948	$	27,186	$	(18,741)	$	8,445

Schedule of estimated aggregate amortization expense for each of the five succeeding years

Estimated amortization expense of finite-lived intangible assets for the five years ending December 31 and thereafter are as follows:

(in millions)	2022		2023		2024		2025		2026		Thereafter		Total
Amortization	$	1,181	$	1,026	$	902	$	795	$	664	$	682	$	5,250

Schedule of changes in the carrying amount of goodwill

The changes in the carrying amounts of goodwill during the years ended December 31, 2021, 2020 and 2019 were as follows:

(in millions)	Bausch + Lomb/ International		Bausch + Lomb		Salix		International		Ortho Dermatologics		Diversified Products		Total
Balance, January 1, 2019	$	5,805	$	—	$	3,156	$	—	$	1,267	$	2,914	$	13,142
Acquisition of certain assets of Synergy	—		—		3		—		—		—		3
Goodwill reclassified to assets held for sale	(18)		—		—		—		—		—		(18)
Foreign exchange and other	(1)		—		—		—		—		—		(1)
Balance, December 31, 2019	5,786		—		3,159		—		1,267		2,914		13,126
Assets held for sale reclassified to goodwill	18		—		—		—		—		—		18
Goodwill reclassified to assets held for sale (Note 3)	(217)		—		—		—		—		—		(217)
Foreign exchange and other	117		—		—		—		—		—		117
Balance, December 31, 2020	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