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INTANGIBLE ASSETS AND GOODWILL (Tables) | 6 Months Ended
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Jun. 30, 2023
Goodwill and Intangible Assets Disclosure [Abstract] |
Schedule of indefinite-lived intangible assets | The major components of intangible assets consist of:
| June 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 | $ | 2,726 |  |  | $ | (2,466) |  |  | $ | 260 |  |  | $ | 2,650 |  |  | $ | (2,373) |  |  | $ | 277 |
Corporate brands | 12 |  |  | (8) |  |  | 4 |  |  | 12 |  |  | (7) |  |  | 5 |
Product rights/patents | 993 |  |  | (939) |  |  | 54 |  |  | 992 |  |  | (919) |  |  | 73 |
Technology and other | 67 |  |  | (62) |  |  | 5 |  |  | 66 |  |  | (61) |  |  | 5 |
Total finite-lived intangible assets | 3,798 |  |  | (3,475) |  |  | 323 |  |  | 3,720 |  |  | (3,360) |  |  | 360 |
B&L Trademark | 1,698 |  |  | — |  |  | 1,698 |  |  | 1,698 |  |  | — |  |  | 1,698 |
| $ | 5,496 |  |  | $ | (3,475) |  |  | $ | 2,021 |  |  | $ | 5,418 |  |  | $ | (3,360) |  |  | $ | 2,058 |
Schedule of finite-lived intangible assets | The major components of intangible assets consist of:
| June 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 | $ | 2,726 |  |  | $ | (2,466) |  |  | $ | 260 |  |  | $ | 2,650 |  |  | $ | (2,373) |  |  | $ | 277 |
Corporate brands | 12 |  |  | (8) |  |  | 4 |  |  | 12 |  |  | (7) |  |  | 5 |
Product rights/patents | 993 |  |  | (939) |  |  | 54 |  |  | 992 |  |  | (919) |  |  | 73 |
Technology and other | 67 |  |  | (62) |  |  | 5 |  |  | 66 |  |  | (61) |  |  | 5 |
Total finite-lived intangible assets | 3,798 |  |  | (3,475) |  |  | 323 |  |  | 3,720 |  |  | (3,360) |  |  | 360 |
B&L Trademark | 1,698 |  |  | — |  |  | 1,698 |  |  | 1,698 |  |  | — |  |  | 1,698 |
| $ | 5,496 |  |  | $ | (3,475) |  |  | $ | 2,021 |  |  | $ | 5,418 |  |  | $ | (3,360) |  |  | $ | 2,058 |
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 the five succeeding years ending December 31 and thereafter are as follows:
(in millions) |  | Remainder of 2023 |  | 2024 |  | 2025 |  | 2026 |  | 2027 |  | 2028 |  | Thereafter |  | Total
Amortization |  | $ | 77 |  |  | $ | 97 |  |  | $ | 51 |  |  | $ | 18 |  |  | $ | 17 |  |  | $ | 17 |  |  | $ | 46 |  |  | $ | 323 |
Schedule of changes in the carrying amount of goodwill | The changes in the carrying amounts of goodwill during the six months ended June 30, 2023 and the year ended December 31, 2022 were as follows:
(in millions) |  |  |  | Vision Care |  | Pharmaceuticals |  | Surgical |  | Total
Balance, January 1, 2022 |  |  |  | $ | 3,596 |  |  | $ | 675 |  |  | $ | 315 |  |  | $ | 4,586 |
Acquisitions (Note 5) |  |  |  | — |  |  | — |  |  | 5 |  |  | 5 |
Foreign exchange and other |  |  |  | (47) |  |  | (30) |  |  | (7) |  |  | (84) |
Balance, December 31, 2022 |  |  |  | 3,549 |  |  | 645 |  |  | 313 |  |  | 4,507 |
Acquisitions (Note 5) |  |  |  | — |  |  | — |  |  | 8 |  |  | 8 |
Foreign exchange and other |  |  |  | 6 |  |  | 16 |  |  | 3 |  |  | 25 |
Balance, June 30, 2023 |  |  |  | $ | 3,555 |  |  | $ | 661 |  |  | $ | 324 |  |  | $ | 4,540 |

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