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Segment Information (Tables) | 3 Months Ended
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Mar. 31, 2021
Segment Reporting [Abstract] |
Reportable Segment Information |
| Three Months Ended |  |
| March 31, |  |
(DOLLARS IN MILLIONS) | 2021 |  | 2020 |  |  |  |
Net sales: |  |  |  |  |  |  |
Nourish | $ | 1,308 |  |  | $ | 772 |  |  |  |  |
Health & Biosciences | 426 |  |  | 34 |  |  |  |  |
Scent | 569 |  |  | 541 |  |  |  |  |
Pharma Solutions | 162 |  |  | — |  |  |  |  |
Consolidated | $ | 2,465 |  |  | $ | 1,347 |  |  |  |  |
Segment Adjusted Operating EBITDA |  |  |  |  |  |  |
Nourish | $ | 270 |  |  | $ | 176 |  |  |  |  |
Health & Biosciences | 128 |  |  | 9 |  |  |  |  |
Scent | 128 |  |  | 118 |  |  |  |  |
Pharma Solutions | 43 |  |  | — |  |  |  |  |
Total | 569 |  |  | 303 |  |  |  |  |
Depreciation & Amortization | (242) |  |  | (81) |  |  |  |  |
Interest Expense | (65) |  |  | (32) |  |  |  |  |
Other Income (Expense), net | 7 |  |  | (11) |  |  |  |  |
Frutarom Integration Related Costs (a) | (1) |  |  | (4) |  |  |  |  |
Restructuring and Other Charges, net (b) | (4) |  |  | (5) |  |  |  |  |
Losses on sale of assets | — |  |  | (1) |  |  |  |  |
Shareholder Activism Related Costs (c) | (7) |  |  | — |  |  |  |  |
Employee Separation Costs (d) | (3) |  |  | — |  |  |  |  |
Compliance Review & Legal Defense Costs (e) | — |  |  | (1) |  |  |  |  |
N&B Inventory Step-Up Costs | (182) |  |  | — |  |  |  |  |
N&B Transaction Related Costs (f) | (89) |  |  | (5) |  |  |  |  |
N&B Integration Related Costs (g) | (37) |  |  | (10) |  |  |  |  |
(Loss) Income Before Taxes | $ | (54) |  |  | $ | 153 |  |  |  |  |
_______________________
(a) | Represents costs related to the integration of the Frutarom acquisition. For 2021, costs primarily related to performance stock awards. For 2020, costs primarily related to advisory services, retention bonuses and performance stock awards.
(b) | For 2021, represents costs primarily related to severance as part of the Company's restructuring efforts. For 2020, represents costs primarily related to the Frutarom Integration Initiative.
(c) | Represents shareholder activist related costs, primarily professional fees.
(d) | Represents costs related to severance liabilities, including accelerated stock compensation expense, for employees who have separated from the Company.
(e) | Costs related to reviewing the nature of inappropriate payments and review of compliance in certain other countries. In addition, includes legal costs for related shareholder lawsuits.
(f) | Represents transaction costs and expenses related to the transaction with N&B, primarily includes legal and professional fees.
(g) | Represents costs primarily related to advisory services for the integration of the transaction with N&B, primarily consulting fees.
Net Sales by Destination of Product Delivery | Net sales, which are attributed to individual regions based upon the destination of product delivery, were as follows:
| Three Months Ended March 31, |  |
(DOLLARS IN MILLIONS) | 2021 |  | 2020 |  |  |  |
Europe, Africa and Middle East | $ | 873 |  |  | $ | 543 |  |  |  |  |
Greater Asia | 587 |  |  | 310 |  |  |  |  |
North America | 722 |  |  | 303 |  |  |  |  |
Latin America | 283 |  |  | 191 |  |  |  |  |
Consolidated | $ | 2,465 |  |  | $ | 1,347 |  |  |  |  |
| Three Months Ended March 31, |  |
(DOLLARS IN MILLIONS) | 2021 |  | 2020 |  |  |  |
Net sales related to the U.S. | $ | 654 |  |  | $ | 271 |  |  |  |  |
Net sales attributed to all foreign countries | 1,811 |  |  | 1,076 |  |  |  |  |

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