INTANGIBLE ASSETS AND GOODWILL (Tables)

6 Months Ended

Jun. 30, 2023

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of indefinite-lived intangible assets

The major components of intangible assets consist of:

	June 30, 2023						December 31, 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	$	2,726	$	(2,466)	$	260	$	2,650	$	(2,373)	$	277
Corporate brands	12		(8)		4		12		(7)		5
Product rights/patents	993		(939)		54		992		(919)		73
Technology and other	67		(62)		5		66		(61)		5
Total finite-lived intangible assets	3,798		(3,475)		323		3,720		(3,360)		360
B&L Trademark	1,698		—		1,698		1,698		—		1,698
	$	5,496	$	(3,475)	$	2,021	$	5,418	$	(3,360)	$	2,058

Schedule of finite-lived intangible assets

The major components of intangible assets consist of:

	June 30, 2023						December 31, 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	$	2,726	$	(2,466)	$	260	$	2,650	$	(2,373)	$	277
Corporate brands	12		(8)		4		12		(7)		5
Product rights/patents	993		(939)		54		992		(919)		73
Technology and other	67		(62)		5		66		(61)		5
Total finite-lived intangible assets	3,798		(3,475)		323		3,720		(3,360)		360
B&L Trademark	1,698		—		1,698		1,698		—		1,698
	$	5,496	$	(3,475)	$	2,021	$	5,418	$	(3,360)	$	2,058

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 2023 and the five succeeding years ending December 31 and thereafter are as follows:

(in millions)	Remainder of 2023		2024		2025		2026		2027		2028		Thereafter		Total
Amortization	$	77	$	97	$	51	$	18	$	17	$	17	$	46	$	323

Schedule of changes in the carrying amount of goodwill

The changes in the carrying amounts of goodwill during the six months ended June 30, 2023 and the year ended December 31, 2022 were as follows:

(in millions)	Vision Care		Pharmaceuticals		Surgical		Total
Balance, January 1, 2022	$	3,596	$	675	$	315	$	4,586
Acquisitions (Note 5)	—		—		5		5
Foreign exchange and other	(47)		(30)		(7)		(84)
Balance, December 31, 2022	3,549		645		313		4,507
Acquisitions (Note 5)	—		—		8		8
Foreign exchange and other	6		16		3		25
Balance, June 30, 2023	$	3,555	$	661	$	324	$	4,540