XML 45 R31.htm IDEA: XBRL DOCUMENT
v3.24.3

INTANGIBLE ASSETS AND GOODWILL (Tables) | 9 Months Ended
--- | ---
Sep. 30, 2024
Goodwill and Intangible Assets Disclosure [Abstract] |
Schedule of finite-lived intangible assets | The major components of intangible assets consist of:
|  | September 30, 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 |  | $ | 22,495 |  |  | $ | (18,885) |  |  | $ | 3,610 |  |  | $ | 22,579 |  |  | $ | (18,243) |  |  | $ | 4,336 |
Corporate brands |  | 978 |  |  | (686) |  |  | 292 |  |  | 985 |  |  | (633) |  |  | 352 |
Product rights/patents |  | 3,265 |  |  | (3,231) |  |  | 34 |  |  | 3,323 |  |  | (3,270) |  |  | 53 |
Partner relationships |  | 164 |  |  | (164) |  |  | — |  |  | 161 |  |  | (161) |  |  | — |
Technology and other |  | 217 |  |  | (204) |  |  | 13 |  |  | 214 |  |  | (202) |  |  | 12 |
Total finite-lived intangible assets |  | 27,119 |  |  | (23,170) |  |  | 3,949 |  |  | 27,262 |  |  | (22,509) |  |  | 4,753 |
Acquired in-process research and development |  | 5 |  |  | — |  |  | 5 |  |  | 5 |  |  | — |  |  | 5 |
B&L Trademark |  | 1,698 |  |  | — |  |  | 1,698 |  |  | 1,698 |  |  | — |  |  | 1,698 |
|  | $ | 28,822 |  |  | $ | (23,170) |  |  | $ | 5,652 |  |  | $ | 28,965 |  |  | $ | (22,509) |  |  | $ | 6,456 |
Schedule of indefinite-lived intangible assets | The major components of intangible assets consist of:
|  | September 30, 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 |  | $ | 22,495 |  |  | $ | (18,885) |  |  | $ | 3,610 |  |  | $ | 22,579 |  |  | $ | (18,243) |  |  | $ | 4,336 |
Corporate brands |  | 978 |  |  | (686) |  |  | 292 |  |  | 985 |  |  | (633) |  |  | 352 |
Product rights/patents |  | 3,265 |  |  | (3,231) |  |  | 34 |  |  | 3,323 |  |  | (3,270) |  |  | 53 |
Partner relationships |  | 164 |  |  | (164) |  |  | — |  |  | 161 |  |  | (161) |  |  | — |
Technology and other |  | 217 |  |  | (204) |  |  | 13 |  |  | 214 |  |  | (202) |  |  | 12 |
Total finite-lived intangible assets |  | 27,119 |  |  | (23,170) |  |  | 3,949 |  |  | 27,262 |  |  | (22,509) |  |  | 4,753 |
Acquired in-process research and development |  | 5 |  |  | — |  |  | 5 |  |  | 5 |  |  | — |  |  | 5 |
B&L Trademark |  | 1,698 |  |  | — |  |  | 1,698 |  |  | 1,698 |  |  | — |  |  | 1,698 |
|  | $ | 28,822 |  |  | $ | (23,170) |  |  | $ | 5,652 |  |  | $ | 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 |  | $ | 261 |  |  | $ | 993 |  |  | $ | 871 |  |  | $ | 833 |  |  | $ | 235 |  |  | $ | 216 |  |  | $ | 540 |  |  | $ | 3,949 |  |
Schedule of changes in the carrying amount of goodwill | The changes in the carrying amounts of goodwill during the nine months ended September 30, 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 |
Additions |  |  |  | 2 |  |  | — |  |  | — |  |  |  |  | — |  |  | — |  |  | 2 |
Foreign exchange and other |  |  |  | 4 |  |  | — |  |  | (16) |  |  |  |  | — |  |  | (2) |  |  | (14) |
Balance, September 30, 2024 |  |  |  | $ | 5,320 |  |  | $ | 3,159 |  |  | $ | 846 |  |  |  |  | $ | 115 |  |  | $ | 1,731 |  |  | $ | 11,171 |

X
- References No definition available. + Details
Name: | us-gaap_GoodwillAndIntangibleAssetsDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of assets, excluding financial assets and goodwill, lacking physical substance with a finite life, by either major class or business segment. + References Reference 1: http://www.xbrl.org/2003/role/exampleRef -Topic 350 -SubTopic 30 -Name Accounting Standards Codification -Section 55 -Paragraph 40 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482640/350-30-55-40 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 30 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482665/350-30-50-2 + Details
Name: | us-gaap_ScheduleOfFiniteLivedIntangibleAssetsTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of goodwill by reportable segment and in total which includes a rollforward schedule. + References Reference 1: http://www.xbrl.org/2003/role/exampleRef -Topic 350 -SubTopic 20 -Name Accounting Standards Codification -Section 55 -Paragraph 24 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482548/350-20-55-24 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482573/350-20-50-1 Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (h) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482573/350-20-50-1 Reference 4: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482573/350-20-50-1 Reference 5: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482573/350-20-50-1 Reference 6: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482573/350-20-50-1 Reference 7: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482573/350-20-50-1 Reference 8: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (e) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482573/350-20-50-1 Reference 9: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (f) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482573/350-20-50-1 Reference 10: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (g) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482573/350-20-50-1 Reference 11: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 1A -Publisher FASB -URI https://asc.fasb.org/1943274/2147482573/350-20-50-1A Reference 12: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482573/350-20-50-2 + Details
Name: | us-gaap_ScheduleOfGoodwillTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of assets, excluding financial assets and goodwill, lacking physical substance and exist in perpetuity, by either major class or business segment. + References Reference 1: http://www.xbrl.org/2003/role/exampleRef -Topic 350 -SubTopic 30 -Name Accounting Standards Codification -Section 55 -Paragraph 40 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482640/350-30-55-40 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 30 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482665/350-30-50-2 + Details
Name: | us-gaap_ScheduleOfIndefiniteLivedIntangibleAssetsTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the amount of amortization expense expected to be recorded in succeeding fiscal years for finite-lived intangible assets. + References Reference 1: http://www.xbrl.org/2003/role/exampleRef -Topic 350 -SubTopic 30 -Name Accounting Standards Codification -Section 55 -Paragraph 40 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482640/350-30-55-40 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 30 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (a)(3) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482665/350-30-50-2 + Details
Name: | us-gaap_ScheduleofFiniteLivedIntangibleAssetsFutureAmortizationExpenseTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration