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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 |  | $ | 20,965 |  |  | $ | (17,758) |  |  | $ | 3,207 |  |  | $ | 20,840 |  |  | $ | (17,196) |  |  | $ | 3,644 |
Corporate brands |  | 910 |  |  | (592) |  |  | 318 |  |  | 899 |  |  | (542) |  |  | 357 |
Product rights/patents |  | 3,353 |  |  | (3,282) |  |  | 71 |  |  | 3,347 |  |  | (3,251) |  |  | 96 |
Partner relationships |  | 157 |  |  | (157) |  |  | — |  |  | 149 |  |  | (149) |  |  | — |
Technology and other |  | 204 |  |  | (199) |  |  | 5 |  |  | 201 |  |  | (196) |  |  | 5 |
Total finite-lived intangible assets |  | 25,589 |  |  | (21,988) |  |  | 3,601 |  |  | 25,436 |  |  | (21,334) |  |  | 4,102 |
B&L Trademark |  | 1,698 |  |  | — |  |  | 1,698 |  |  | 1,698 |  |  | — |  |  | 1,698 |
|  | $ | 27,287 |  |  | $ | (21,988) |  |  | $ | 5,299 |  |  | $ | 27,134 |  |  | $ | (21,334) |  |  | $ | 5,800 |
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 |  | $ | 20,965 |  |  | $ | (17,758) |  |  | $ | 3,207 |  |  | $ | 20,840 |  |  | $ | (17,196) |  |  | $ | 3,644 |
Corporate brands |  | 910 |  |  | (592) |  |  | 318 |  |  | 899 |  |  | (542) |  |  | 357 |
Product rights/patents |  | 3,353 |  |  | (3,282) |  |  | 71 |  |  | 3,347 |  |  | (3,251) |  |  | 96 |
Partner relationships |  | 157 |  |  | (157) |  |  | — |  |  | 149 |  |  | (149) |  |  | — |
Technology and other |  | 204 |  |  | (199) |  |  | 5 |  |  | 201 |  |  | (196) |  |  | 5 |
Total finite-lived intangible assets |  | 25,589 |  |  | (21,988) |  |  | 3,601 |  |  | 25,436 |  |  | (21,334) |  |  | 4,102 |
B&L Trademark |  | 1,698 |  |  | — |  |  | 1,698 |  |  | 1,698 |  |  | — |  |  | 1,698 |
|  | $ | 27,287 |  |  | $ | (21,988) |  |  | $ | 5,299 |  |  | $ | 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 |  | $ | 483 |  |  | $ | 884 |  |  | $ | 804 |  |  | $ | 677 |  |  | $ | 640 |  |  | $ | 42 |  |  | $ | 71 |  |  | $ | 3,601 |  |
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) |  |  |  | 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 |  |  |  | 8 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 8 |
Foreign exchange and other |  |  |  | 25 |  |  | — |  |  | 55 |  |  | — |  |  | — |  |  | (7) |  |  | 73 |
Balance, June 30, 2023 |  |  |  | $ | 5,279 |  |  | $ | 3,159 |  |  | $ | 844 |  |  | $ | — |  |  | $ | 115 |  |  | $ | 2,231 |  |  | $ | 11,628 |

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