v3.26.1
INTANGIBLE ASSETS AND GOODWILL (Tables)
 3 Months Ended
Mar. 31, 2026
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of indefinite-lived intangible assets
The major components of intangible assets consist of:
 March 31, 2026December 31, 2025
(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$4,382 $(3,056)$1,326 $4,441 $(3,064)$1,377 
Corporate brands102 (29)73 102 (26)76 
Product rights/patents999 (988)11 999 (988)11 
Other87 (69)18 87 (68)19 
Total finite-lived intangible assets5,570 (4,142)1,428 5,629 (4,146)1,483 
Acquired in-process research and development intangible asset100 — 100 100 — 100 
B&L Trademark1,698 — 1,698 1,698 — 1,698 
$7,368 $(4,142)$3,226 $7,427 $(4,146)$3,281 
Schedule of finite-lived intangible assets
The major components of intangible assets consist of:
 March 31, 2026December 31, 2025
(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$4,382 $(3,056)$1,326 $4,441 $(3,064)$1,377 
Corporate brands102 (29)73 102 (26)76 
Product rights/patents999 (988)11 999 (988)11 
Other87 (69)18 87 (68)19 
Total finite-lived intangible assets5,570 (4,142)1,428 5,629 (4,146)1,483 
Acquired in-process research and development intangible asset100 — 100 100 — 100 
B&L Trademark1,698 — 1,698 1,698 — 1,698 
$7,368 $(4,142)$3,226 $7,427 $(4,146)$3,281 
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 2026 and the five succeeding years ending December 31 and thereafter are as follows:
(in millions)Remainder of 202620272028202920302031ThereafterTotal
Amortization$168 $222 $221 $219 $216 $215 $167 $1,428 
Schedule of changes in the carrying amount of goodwill
The changes in the carrying amounts of goodwill during the three months ended March 31, 2026 and the year ended December 31, 2025 were as follows:
(in millions)Vision CarePharmaceuticalsSurgicalTotal
Balance, January 1, 2025$3,529 $644 $350 $4,523 
Acquisitions (Note 5)— — 97 97 
Foreign exchange and other26 100 12 138 
Balance, December 31, 20253,555 744 459 4,758 
Foreign exchange and other(5)(13)(3)(21)
Balance, March 31, 2026
$3,550 $731 $456 $4,737