The document discusses 5 common types of bearing damage: 1) Abrasive wear from contamination like sand or fine metal particles, 2) Pitting and bruising from hard particles, 3) Grooving from heavy wear from chips or metal particles, 4) Corrosion from lack of protection from moisture, and 5) Inadequate lubrication, which can cause issues ranging from discoloration to total bearing lockup.