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INTANGIBLE ASSETS AND GOODWILL (Tables) | 12 Months Ended
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Dec. 31, 2023
Goodwill and Intangible Assets Disclosure [Abstract] |
Schedule of components of finite-lived intangible assets | The major components of intangible assets as of December 31, 2023 and 2022 consist of:
| Weighted- Average Remaining Useful Lives (Years) |  | 2023 |  | 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 | 3 |  | $ | 22,579 |  |  | $ | (18,243) |  |  | $ | 4,336 |  |  | $ | 20,840 |  |  | $ | (17,196) |  |  | $ | 3,644 |
Corporate brands | 6 |  | 985 |  |  | (633) |  |  | 352 |  |  | 899 |  |  | (542) |  |  | 357 |
Product rights/patents | 4 |  | 3,323 |  |  | (3,270) |  |  | 53 |  |  | 3,347 |  |  | (3,251) |  |  | 96 |
Partner relationships | 0 |  | 161 |  |  | (161) |  |  | — |  |  | 149 |  |  | (149) |  |  | — |
Technology and other | 7 |  | 214 |  |  | (202) |  |  | 12 |  |  | 201 |  |  | (196) |  |  | 5 |
Total finite-lived intangible assets |  |  | 27,262 |  |  | (22,509) |  |  | 4,753 |  |  | 25,436 |  |  | (21,334) |  |  | 4,102 |
Acquired IPR&D | NA |  | 5 |  |  | — |  |  | 5 |  |  | — |  |  | — |  |  | — |
B&L Trademark | NA |  | 1,698 |  |  | — |  |  | 1,698 |  |  | 1,698 |  |  | — |  |  | 1,698 |
|  |  | $ | 28,965 |  |  | $ | (22,509) |  |  | $ | 6,456 |  |  | $ | 27,134 |  |  | $ | (21,334) |  |  | $ | 5,800 |
Schedule of components of indefinite-lived intangible assets | The major components of intangible assets as of December 31, 2023 and 2022 consist of:
| Weighted- Average Remaining Useful Lives (Years) |  | 2023 |  | 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 | 3 |  | $ | 22,579 |  |  | $ | (18,243) |  |  | $ | 4,336 |  |  | $ | 20,840 |  |  | $ | (17,196) |  |  | $ | 3,644 |
Corporate brands | 6 |  | 985 |  |  | (633) |  |  | 352 |  |  | 899 |  |  | (542) |  |  | 357 |
Product rights/patents | 4 |  | 3,323 |  |  | (3,270) |  |  | 53 |  |  | 3,347 |  |  | (3,251) |  |  | 96 |
Partner relationships | 0 |  | 161 |  |  | (161) |  |  | — |  |  | 149 |  |  | (149) |  |  | — |
Technology and other | 7 |  | 214 |  |  | (202) |  |  | 12 |  |  | 201 |  |  | (196) |  |  | 5 |
Total finite-lived intangible assets |  |  | 27,262 |  |  | (22,509) |  |  | 4,753 |  |  | 25,436 |  |  | (21,334) |  |  | 4,102 |
Acquired IPR&D | NA |  | 5 |  |  | — |  |  | 5 |  |  | — |  |  | — |  |  | — |
B&L Trademark | NA |  | 1,698 |  |  | — |  |  | 1,698 |  |  | 1,698 |  |  | — |  |  | 1,698 |
|  |  | $ | 28,965 |  |  | $ | (22,509) |  |  | $ | 6,456 |  |  | $ | 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 five years ending December 31 and thereafter are as follows:
(in millions) |  | 2024 |  | 2025 |  | 2026 |  | 2027 |  | 2028 |  | Thereafter |  | Total |
Amortization |  | $ | 1,076 |  |  | $ | 995 |  |  | $ | 869 |  |  | $ | 831 |  |  | $ | 234 |  |  | $ | 748 |  |  | $ | 4,753 |  |
Schedule of changes in the carrying amount of goodwill | The changes in the carrying amounts of goodwill during the years ended December 31, 2023 and 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 |
Impairment |  |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | (493) |  |  | (493) |
Foreign exchange and other |  |  |  | 37 |  |  | — |  |  | 73 |  |  | — |  |  | — |  |  | (12) |  |  | 98 |
Balance, December 31, 2023 |  |  |  | $ | 5,314 |  |  | $ | 3,159 |  |  | $ | 862 |  |  | $ | — |  |  | $ | 115 |  |  | $ | 1,733 |  |  | $ | 11,183 |

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