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INTANGIBLE ASSETS AND GOODWILL (Tables)
12 Months Ended
Dec. 31, 2024
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of components of finite-lived intangible assets
The major components of intangible assets as of December 31, 2024 and 2023 consist of:
 Weighted-
Average
Remaining
Useful
Lives
(Years)
20242023
(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 brands2$22,446 $(19,026)$3,420 $22,579 $(18,243)$4,336 
Corporate brands5988 (701)287 985 (633)352 
Product rights/patents43,255 (3,224)31 3,323 (3,270)53 
Partner relationships, technology and other6370 (355)15 375 (363)12 
Total finite-lived intangible assets27,059 (23,306)3,753 27,262 (22,509)4,753 
Acquired IPR&DNA100 — 100 — 
B&L TrademarkNA1,698 — 1,698 1,698 — 1,698 
 $28,857 $(23,306)$5,551 $28,965 $(22,509)$6,456 
Schedule of components of indefinite-lived intangible assets
The major components of intangible assets as of December 31, 2024 and 2023 consist of:
 Weighted-
Average
Remaining
Useful
Lives
(Years)
20242023
(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 brands2$22,446 $(19,026)$3,420 $22,579 $(18,243)$4,336 
Corporate brands5988 (701)287 985 (633)352 
Product rights/patents43,255 (3,224)31 3,323 (3,270)53 
Partner relationships, technology and other6370 (355)15 375 (363)12 
Total finite-lived intangible assets27,059 (23,306)3,753 27,262 (22,509)4,753 
Acquired IPR&DNA100 — 100 — 
B&L TrademarkNA1,698 — 1,698 1,698 — 1,698 
 $28,857 $(23,306)$5,551 $28,965 $(22,509)$6,456 
Schedule of amortization expense
Estimated amortization expense of finite-lived intangible assets for the five years ending December 31 and thereafter are as follows:
(in millions)20252026202720282029ThereafterTotal
Amortization$989 $874 $837 $239 $223 $591 $3,753 
Schedule of changes in the carrying amount of goodwill
The changes in the carrying amounts of goodwill during the years ended December 31, 2024 and 2023 were as follows:
(in millions)SalixInternationalSolta MedicalDiversifiedBausch +
Lomb
Total
Balance, January 1, 2023
3,159 789 115 2,238 5,246 11,547 
Additions— — — — 31 31 
Impairment— — — (493)— (493)
Foreign exchange and other— 73 — (12)37 98 
Balance, December 31, 2023
3,159 862 115 1,733 5,314 11,183 
Additions— — — — 29 29 
Foreign exchange and other— (70)— 26 (81)(125)
Balance, December 31, 2024
$3,159 $792 $115 $1,759 $5,262 $11,087