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INTANGIBLE ASSETS AND GOODWILL (Tables) | 9 Months Ended
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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 |

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