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INTANGIBLE ASSETS AND GOODWILL (Tables) | 3 Months Ended
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Mar. 31, 2024
Goodwill and Intangible Assets Disclosure [Abstract] |
Schedule of finite-lived intangible assets | The major components of intangible assets consist of:
|  | March 31, 2024 |  | December 31, 2023
(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 |  | $ | 22,570 |  |  | $ | (18,480) |  |  | $ | 4,090 |  |  | $ | 22,579 |  |  | $ | (18,243) |  |  | $ | 4,336 |
Corporate brands |  | 986 |  |  | (653) |  |  | 333 |  |  | 985 |  |  | (633) |  |  | 352 |
Product rights/patents |  | 3,319 |  |  | (3,274) |  |  | 45 |  |  | 3,323 |  |  | (3,270) |  |  | 53 |
Partner relationships |  | 160 |  |  | (160) |  |  | — |  |  | 161 |  |  | (161) |  |  | — |
Technology and other |  | 213 |  |  | (201) |  |  | 12 |  |  | 214 |  |  | (202) |  |  | 12 |
Total finite-lived intangible assets |  | 27,248 |  |  | (22,768) |  |  | 4,480 |  |  | 27,262 |  |  | (22,509) |  |  | 4,753 |
Acquired IPR&D |  | 5 |  |  | — |  |  | 5 |  |  | 5 |  |  | — |  |  | 5 |
B&L Trademark |  | 1,698 |  |  | — |  |  | 1,698 |  |  | 1,698 |  |  | — |  |  | 1,698 |
|  | $ | 28,951 |  |  | $ | (22,768) |  |  | $ | 6,183 |  |  | $ | 28,965 |  |  | $ | (22,509) |  |  | $ | 6,456 |
Schedule of indefinite-lived intangible assets | The major components of intangible assets consist of:
|  | March 31, 2024 |  | December 31, 2023
(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 |  | $ | 22,570 |  |  | $ | (18,480) |  |  | $ | 4,090 |  |  | $ | 22,579 |  |  | $ | (18,243) |  |  | $ | 4,336 |
Corporate brands |  | 986 |  |  | (653) |  |  | 333 |  |  | 985 |  |  | (633) |  |  | 352 |
Product rights/patents |  | 3,319 |  |  | (3,274) |  |  | 45 |  |  | 3,323 |  |  | (3,270) |  |  | 53 |
Partner relationships |  | 160 |  |  | (160) |  |  | — |  |  | 161 |  |  | (161) |  |  | — |
Technology and other |  | 213 |  |  | (201) |  |  | 12 |  |  | 214 |  |  | (202) |  |  | 12 |
Total finite-lived intangible assets |  | 27,248 |  |  | (22,768) |  |  | 4,480 |  |  | 27,262 |  |  | (22,509) |  |  | 4,753 |
Acquired IPR&D |  | 5 |  |  | — |  |  | 5 |  |  | 5 |  |  | — |  |  | 5 |
B&L Trademark |  | 1,698 |  |  | — |  |  | 1,698 |  |  | 1,698 |  |  | — |  |  | 1,698 |
|  | $ | 28,951 |  |  | $ | (22,768) |  |  | $ | 6,183 |  |  | $ | 28,965 |  |  | $ | (22,509) |  |  | $ | 6,456 |
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 2024 and each of the five succeeding years ending December 31 and thereafter is as follows:
(in millions) |  | Remainder of 2024 |  | 2025 |  | 2026 |  | 2027 |  | 2028 |  | 2029 |  | Thereafter |  | Total |
Amortization |  | $ | 801 |  |  | $ | 994 |  |  | $ | 870 |  |  | $ | 831 |  |  | $ | 234 |  |  | $ | 216 |  |  | $ | 534 |  |  | $ | 4,480 |  |
Schedule of changes in the carrying amount of goodwill | The changes in the carrying amounts of goodwill during the three months ended March 31, 2024 and the year ended December 31, 2023 were as follows:
(in millions) |  |  |  | Bausch + Lomb |  | Salix |  | International |  |  |  | Solta Medical |  | Diversified |  | Total
Balance, January 1, 2023 |  |  |  | $ | 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 |
Foreign exchange and other |  |  |  | (28) |  |  | — |  |  | (4) |  |  |  |  | — |  |  | 9 |  |  | (23) |
Balance, March 31, 2024 |  |  |  | $ | 5,286 |  |  | $ | 3,159 |  |  | $ | 858 |  |  |  |  | $ | 115 |  |  | $ | 1,742 |  |  | $ | 11,160 |

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