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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, 2024December 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 brands978 (686)292 985 (633)352 
Product rights/patents3,265 (3,231)34 3,323 (3,270)53 
Partner relationships164 (164)— 161 (161)— 
Technology and other217 (204)13 214 (202)12 
Total finite-lived intangible assets27,119 (23,170)3,949 27,262 (22,509)4,753 
Acquired in-process research and development— — 
B&L Trademark1,698 — 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, 2024December 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 brands978 (686)292 985 (633)352 
Product rights/patents3,265 (3,231)34 3,323 (3,270)53 
Partner relationships164 (164)— 161 (161)— 
Technology and other217 (204)13 214 (202)12 
Total finite-lived intangible assets27,119 (23,170)3,949 27,262 (22,509)4,753 
Acquired in-process research and development— — 
B&L Trademark1,698 — 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 202420252026202720282029ThereafterTotal
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 + LombSalixInternationalSolta MedicalDiversifiedTotal
Balance, January 1, 2023$5,246 $3,159 $789 $115 $2,238 $11,547 
Additions31 — — — — 31 
Impairment— — — — (493)(493)
Foreign exchange and other37 — 73 — (12)98 
Balance, December 31, 20235,314 3,159 862 115 1,733 11,183 
Additions— — — — 
Foreign exchange and other— (16)— (2)(14)
Balance, September 30, 2024$5,320 $3,159 $846 $115 $1,731 $11,171