XML 44 R33.htm IDEA: XBRL DOCUMENT v3.20.2
INTANGIBLE ASSETS AND GOODWILL (Tables)
6 Months Ended
Jun. 30, 2020
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of indefinite-lived intangible assets
The major components of intangible assets consist of:
 June 30, 2020December 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$21,011  $(14,315) $6,696  $21,011  $(13,544) $7,467  
Corporate brands918  (368) 550  930  (338) 592  
Product rights/patents3,290  (2,966) 324  3,297  (2,887) 410  
Partner relationships161  (160)  166  (165)  
Technology and other206  (191) 15  209  (189) 20  
Total finite-lived intangible assets25,586  (18,000) 7,586  25,613  (17,123) 8,490  
Acquired IPR&D not in service13  —  13  13  —  13  
Bausch + Lomb Trademark1,698  —  1,698  1,698  —  1,698  
$27,297  $(18,000) $9,297  $27,324  $(17,123) $10,201  
Schedule of finite-lived intangible assets
The major components of intangible assets consist of:
 June 30, 2020December 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$21,011  $(14,315) $6,696  $21,011  $(13,544) $7,467  
Corporate brands918  (368) 550  930  (338) 592  
Product rights/patents3,290  (2,966) 324  3,297  (2,887) 410  
Partner relationships161  (160)  166  (165)  
Technology and other206  (191) 15  209  (189) 20  
Total finite-lived intangible assets25,586  (18,000) 7,586  25,613  (17,123) 8,490  
Acquired IPR&D not in service13  —  13  13  —  13  
Bausch + Lomb Trademark1,698  —  1,698  1,698  —  1,698  
$27,297  $(18,000) $9,297  $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 202020212022202320242025ThereafterTotal
Amortization$769  $1,405  $1,224  $1,053  $924  $820  $1,391  $7,586  
Schedule of changes in the carrying amount of goodwill
The changes in the carrying amounts of goodwill during the six months ended June 30, 2020 and the year ended December 31, 2019 were as follows:
(in millions)Bausch + Lomb/ InternationalSalixOrtho DermatologicsDiversified ProductsTotal
Balance, January 1, 2019$5,805  $3,156  $1,267  $2,914  $13,142  
Acquisition of certain assets of Synergy —   —  —   
Goodwill reclassified to assets held for sale (Note 4)
(18) —  —  —  (18) 
Foreign exchange and other(1) —  —  —  (1) 
Balance, December 31, 20195,786  3,159  1,267  2,914  13,126  
Assets held for sale reclassified to goodwill (Note 4)
18  —  —  —  18  
Foreign exchange and other(60) —  —  —  (60) 
Balance, June 30, 2020$5,744  $3,159  $1,267  $2,914  $13,084