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Goodwill and Other Intangible Assets, Net (Tables)
 6 Months Ended
Jun. 30, 2021
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Movements in Goodwill
Movements in goodwill attributable to each reportable segment for the six months ended June 30, 2021 were as follows:
(DOLLARS IN MILLIONS)NourishHealth & BiosciencesScentPharma SolutionsTotal
Balance at December 31, 2020$4,859 $— $734 $— $5,593 
Acquisitions(1)
2,393 7,694 — 1,701 11,788 
Transferred to assets held for sale(27)— — — (27)
Foreign exchange(32)(53)(8)(11)(104)
Reallocation(985)728 257 — — 
Balance at June 30, 2021$6,208 $8,369 $983 $1,690 $17,250 
_______________________ 
(1)Acquisitions relate to the Merger with N&B. The amount of goodwill, and allocation of goodwill among reporting units, from the Merger with the N&B Business is preliminary and may materially change in future periods as a result of purchase accounting being finalized. See Note 3 for additional information.
Schedule of Other Intangible Assets, Net
Other intangible assets, net consisted of the following amounts:
June 30,December 31,
(DOLLARS IN MILLIONS)20212020
Asset Type
Customer relationships$9,421 $2,728 
Trade names & patents446 187 
Technological know-how2,574 479 
Other30 38 
Total carrying value 12,471 3,432 
Accumulated Amortization
Customer relationships(660)(470)
Trade names & patents(84)(38)
Technological know-how(251)(168)
Other(28)(29)
Total accumulated amortization(1,023)(705)
Other intangible assets, net$11,448 $2,727 
Schedule of Finite-Lived Intangible Assets, Future Amortization Expense
Amortization expense for the next five years is expected to be as follows:
(DOLLARS IN MILLIONS)20212022202320242025
Estimated future intangible amortization expense$391 $779 $779 $779 $777