INTANGIBLE ASSETS AND GOODWILL (Tables)

3 Months Ended

Mar. 31, 2020

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of indefinite-lived intangible assets

The major components of intangible assets consist of:

	March 31, 2020							December 31, 2019
(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	$	20,989	$	(13,924	)	$	7,065	$	21,011	$	(13,544	)	$	7,467
Corporate brands	914		(348		)	566		930		(338		)	592
Product rights/patents	3,284		(2,918		)	366		3,297		(2,887		)	410
Partner relationships	155		(154		)	1		166		(165		)	1
Technology and other	203		(186		)	17		209		(189		)	20
Total finite-lived intangible assets	25,545		(17,530		)	8,015		25,613		(17,123		)	8,490
Acquired IPR&D not in service	13		—			13		13		—			13
Bausch + Lomb Trademark	1,698		—			1,698		1,698		—			1,698
	$	27,256	$	(17,530	)	$	9,726	$	27,324	$	(17,123	)	$	10,201

Schedule of finite-lived intangible assets

The major components of intangible assets consist of:

	March 31, 2020							December 31, 2019
(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	$	20,989	$	(13,924	)	$	7,065	$	21,011	$	(13,544	)	$	7,467
Corporate brands	914		(348		)	566		930		(338		)	592
Product rights/patents	3,284		(2,918		)	366		3,297		(2,887		)	410
Partner relationships	155		(154		)	1		166		(165		)	1
Technology and other	203		(186		)	17		209		(189		)	20
Total finite-lived intangible assets	25,545		(17,530		)	8,015		25,613		(17,123		)	8,490
Acquired IPR&D not in service	13		—			13		13		—			13
Bausch + Lomb Trademark	1,698		—			1,698		1,698		—			1,698
	$	27,256	$	(17,530	)	$	9,726	$	27,324	$	(17,123	)	$	10,201

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 2020 and each of the five succeeding years ending December 31 and thereafter is as follows:

(in millions)	Remainder of 2020		2021		2022		2023		2024		2025		Thereafter		Total
Amortization	$	1,188	$	1,374	$	1,217	$	1,071	$	942	$	832	$	1,391	$	8,015

Schedule of changes in the carrying amount of goodwill

The changes in the carrying amounts of goodwill during the three months ended March 31, 2020 and the year ended December 31, 2019 were as follows:

(in millions)	Bausch + Lomb/ International			Salix		Ortho Dermatologics		Diversified Products		Total
Balance, January 1, 2019	$	5,805		$	3,156	$	1,267	$	2,914	$	13,142
Acquisition of certain assets of Synergy	—			3		—		—		3
Goodwill reclassified to assets held for sale (Note 4)	(18		)	—		—		—		(18		)
Foreign exchange and other	(1		)	—		—		—		(1		)
Balance, December 31, 2019	5,786			3,159		1,267		2,914		13,126
Assets held for sale reclassified to goodwill (Note 4)	18			—		—		—		18
Foreign exchange and other	(110		)	—		—		—		(110		)
Balance, March 31, 2020	$	5,694		$	3,159	$	1,267	$	2,914	$	13,034