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INTANGIBLE ASSETS AND GOODWILL (Tables)
9 Months Ended
Sep. 30, 2020
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of indefinite-lived intangible assets
The major components of intangible assets consist of:
 September 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$21,057 $(14,673)$6,384 $21,011 $(13,544)$7,467 
Corporate brands921 (388)533 930 (338)592 
Product rights/patents3,295 (3,013)282 3,297 (2,887)410 
Partner relationships164 (163)166 (165)
Technology and other207 (195)12 209 (189)20 
Total finite-lived intangible assets25,644 (18,432)7,212 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 
$27,355 $(18,432)$8,923 $27,324 $(17,123)$10,201 
Schedule of finite-lived intangible assets
The major components of intangible assets consist of:
 September 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$21,057 $(14,673)$6,384 $21,011 $(13,544)$7,467 
Corporate brands921 (388)533 930 (338)592 
Product rights/patents3,295 (3,013)282 3,297 (2,887)410 
Partner relationships164 (163)166 (165)
Technology and other207 (195)12 209 (189)20 
Total finite-lived intangible assets25,644 (18,432)7,212 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 
$27,355 $(18,432)$8,923 $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$380 $1,410 $1,227 $1,055 $925 $821 $1,394 $7,212 
Schedule of changes in the carrying amount of goodwill
The changes in the carrying amounts of goodwill during the nine months ended September 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 other16 — — — 16 
Balance, September 30, 2020$5,820 $3,159 $1,267 $2,914 $13,160