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INTANGIBLE ASSETS AND GOODWILL (Tables) | 6 Months Ended
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Jun. 30, 2020
Goodwill and Intangible Assets Disclosure [Abstract] |
Schedule of indefinite-lived intangible assets | The major components of intangible assets consist of:
|  | June 30, 2020 |  |  |  |  |  | December 31, 2019 |  |  |  |
(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 |  | $ | 21,011 |  |  | $ | (14,315) |  |  | $ | 6,696 |  |  | $ | 21,011 |  |  | $ | (13,544) |  |  | $ | 7,467 |
Corporate brands |  | 918 |  |  | (368) |  |  | 550 |  |  | 930 |  |  | (338) |  |  | 592 |
Product rights/patents |  | 3,290 |  |  | (2,966) |  |  | 324 |  |  | 3,297 |  |  | (2,887) |  |  | 410 |
Partner relationships |  | 161 |  |  | (160) |  |  | 1 |  |  | 166 |  |  | (165) |  |  | 1 |
Technology and other |  | 206 |  |  | (191) |  |  | 15 |  |  | 209 |  |  | (189) |  |  | 20 |
Total finite-lived intangible assets |  | 25,586 |  |  | (18,000) |  |  | 7,586 |  |  | 25,613 |  |  | (17,123) |  |  | 8,490 |
Acquired IPR&D not in service |  | 13 |  |  | — |  |  | 13 |  |  | 13 |  |  | — |  |  | 13 |
Bausch + Lomb Trademark |  | 1,698 |  |  | — |  |  | 1,698 |  |  | 1,698 |  |  | — |  |  | 1,698 |
|  | $ | 27,297 |  |  | $ | (18,000) |  |  | $ | 9,297 |  |  | $ | 27,324 |  |  | $ | (17,123) |  |  | $ | 10,201 |
Schedule of finite-lived intangible assets | The major components of intangible assets consist of:
|  | June 30, 2020 |  |  |  |  |  | December 31, 2019 |  |  |  |
(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 |  | $ | 21,011 |  |  | $ | (14,315) |  |  | $ | 6,696 |  |  | $ | 21,011 |  |  | $ | (13,544) |  |  | $ | 7,467 |
Corporate brands |  | 918 |  |  | (368) |  |  | 550 |  |  | 930 |  |  | (338) |  |  | 592 |
Product rights/patents |  | 3,290 |  |  | (2,966) |  |  | 324 |  |  | 3,297 |  |  | (2,887) |  |  | 410 |
Partner relationships |  | 161 |  |  | (160) |  |  | 1 |  |  | 166 |  |  | (165) |  |  | 1 |
Technology and other |  | 206 |  |  | (191) |  |  | 15 |  |  | 209 |  |  | (189) |  |  | 20 |
Total finite-lived intangible assets |  | 25,586 |  |  | (18,000) |  |  | 7,586 |  |  | 25,613 |  |  | (17,123) |  |  | 8,490 |
Acquired IPR&D not in service |  | 13 |  |  | — |  |  | 13 |  |  | 13 |  |  | — |  |  | 13 |
Bausch + Lomb Trademark |  | 1,698 |  |  | — |  |  | 1,698 |  |  | 1,698 |  |  | — |  |  | 1,698 |
|  | $ | 27,297 |  |  | $ | (18,000) |  |  | $ | 9,297 |  |  | $ | 27,324 |  |  | $ | (17,123) |  |  | $ | 10,201 |
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 2020 and each of the five succeeding years ending December 31 and thereafter is as follows:
(in millions) |  | Remainder of 2020 |  | 2021 |  | 2022 |  | 2023 |  | 2024 |  | 2025 |  | Thereafter |  | Total |
Amortization |  | $ | 769 |  |  | $ | 1,405 |  |  | $ | 1,224 |  |  | $ | 1,053 |  |  | $ | 924 |  |  | $ | 820 |  |  | $ | 1,391 |  |  | $ | 7,586 |  |
Schedule of changes in the carrying amount of goodwill | The changes in the carrying amounts of goodwill during the six months ended June 30, 2020 and the year ended December 31, 2019 were as follows:
(in millions) |  | Bausch + Lomb/ International |  | Salix |  | 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 (Note 4) |  | (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 (Note 4) |  | 18 |  |  | — |  |  | — |  |  | — |  |  | 18 |
Foreign exchange and other |  | (60) |  |  | — |  |  | — |  |  | — |  |  | (60) |
Balance, June 30, 2020 |  | $ | 5,744 |  |  | $ | 3,159 |  |  | $ | 1,267 |  |  | $ | 2,914 |  |  | $ | 13,084 |

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