INTANGIBLE ASSETS AND GOODWILL (Tables)

9 Months Ended

Sep. 30, 2023

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of indefinite-lived intangible assets

The major components of intangible assets consist of:

	September 30, 2023						December 31, 2022
(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	$	22,537	$	(17,954)	$	4,583	$	20,840	$	(17,196)	$	3,644
Corporate brands	977		(609)		368		899		(542)		357
Product rights/patents	3,317		(3,256)		61		3,347		(3,251)		96
Partner relationships	149		(149)		—		149		(149)		—
Technology and other	209		(196)		13		201		(196)		5
Total finite-lived intangible assets	27,189		(22,164)		5,025		25,436		(21,334)		4,102
Acquired IPR&D	5		—		5		—		—		—
B&L Trademark	1,698		—		1,698		1,698		—		1,698
	$	28,892	$	(22,164)	$	6,728	$	27,134	$	(21,334)	$	5,800

Schedule of finite-lived intangible assets

The major components of intangible assets consist of:

	September 30, 2023						December 31, 2022
(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	$	22,537	$	(17,954)	$	4,583	$	20,840	$	(17,196)	$	3,644
Corporate brands	977		(609)		368		899		(542)		357
Product rights/patents	3,317		(3,256)		61		3,347		(3,251)		96
Partner relationships	149		(149)		—		149		(149)		—
Technology and other	209		(196)		13		201		(196)		5
Total finite-lived intangible assets	27,189		(22,164)		5,025		25,436		(21,334)		4,102
Acquired IPR&D	5		—		5		—		—		—
B&L Trademark	1,698		—		1,698		1,698		—		1,698
	$	28,892	$	(22,164)	$	6,728	$	27,134	$	(21,334)	$	5,800

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 2023 and each of the five succeeding years ending December 31 and thereafter is as follows:

(in millions)	Remainder of 2023		2024		2025		2026		2027		2028		Thereafter		Total
Amortization	$	281	$	1,072	$	993	$	868	$	830	$	233	$	748	$	5,025

Schedule of changes in the carrying amount of goodwill

The changes in the carrying amounts of goodwill during the nine months ended September 30, 2023 and the year ended December 31, 2022 were as follows:

(in millions)	Bausch + Lomb		Salix		International		Dermatology		Solta Medical		Diversified		Total
Balance, January 1, 2022	$	5,318	$	3,159	$	825	$	798	$	—	$	2,357	$	12,457
Realignment of segment goodwill	—		—		—		(798)		115		683		—
Additions	5		—		—		—		—		—		5
Impairment	—		—		—		—		—		(824)		(824)
Foreign exchange and other	(77)		—		(36)		—		—		22		(91)
Balance, December 31, 2022	5,246		3,159		789		—		115		2,238		11,547
Additions	31		—		—		—		—		—		31
Impairments	—		—		—		—		—		(402)		(402)
Foreign exchange and other	(15)		—		22		—		—		4		11
Balance, September 30, 2023	$	5,262	$	3,159	$	811	$	—	$	115	$	1,840	$	11,187