XML 27 R11.htm IDEA: XBRL DOCUMENT
v3.22.0.1

Restructuring and Other Charges | 12 Months Ended
--- | ---
Dec. 31, 2021
Restructuring and Related Activities [Abstract] |
Restructuring and Other Charges | RESTRUCTURING AND OTHER CHARGES Restructuring and other charges primarily consist of separation costs for employees including severance, outplacement and other benefit ("Severance") costs as well as costs related to plant closures, principally related to fixed assets write-downs ("Fixed asset write-down") and all other related restructuring ("Other") costs. All restructuring and other charges, net expenses are separately stated on the Consolidated Statements of Income and Comprehensive Income (Loss). Frutarom Integration Initiative In connection with the acquisition of Frutarom, the Company has been executing an integration plan that, among other initiatives, seeks to optimize its manufacturing network (the "Frutarom Integration Initiative"). As part of the Frutarom Integration Initiative, the Company now expects to close approximately 30 manufacturing sites with most of the closures targeted to occur by the end of 2022. Between 2019 and 2020, the Company completed the closure of 21 sites. During 2021, the Company completed the closure of one site. Since the inception of the initiative through 2021, the Company has expensed $37 million. Total costs for the program are expected to be approximately $42 million including cash and non-cash charges through 2022. 2019 Severance Program During 2019, the Company incurred severance charges related to approximately 190 headcount reductions, excluding those previously mentioned under the Frutarom Integration Initiative. The headcount reductions primarily related to the Scent business unit with additional amounts related to headcount reductions in all business units associated with the establishment of a new shared service center in Europe. Since the inception of the program, the Company has expensed approximately $20 million. As of December 31, 2021, the program is largely complete. 2017 Productivity Program In connection with 2017 Productivity Program, the Company recorded $24 million of charges related to personnel costs and lease termination costs since the program's inception. As of December 31, 2021, the program is completed. Other Restructuring Charges Between 2020 and 2021, the Company incurred charges of approximately $4 million, primarily related to the severance costs in connection with the closure of a facility in Germany. N&B Merger Restructuring Liability For 2021, the Company incurred approximately $30 million of charges primarily related to severance for approximately 200 headcount reductions that have occurred in 2021. Changes in Restructuring Liability Movements in severance-related accruals during 2019, 2020 and 2021 are as follows:
(DOLLARS IN MILLIONS) | Balance at January 1, 2019 |  | Additional Charges (Reversals), Net |  | Non-Cash Charges |  | Cash Payments |  | Balance at December 31, 2019
2017 Productivity Program |  |  |  |  |  |  |  |  |
Severance | $ | 4 |  |  | $ | (2) |  |  | $ | — |  |  | $ | (1) |  |  | $ | 1 |
Other(1) | 1 |  |  | — |  |  | — |  |  | (1) |  |  | — |
Frutarom Integration Initiative |  |  |  |  |  |  |  |  |
Severance | — |  |  | 6 |  |  | — |  |  | (2) |  |  | 4 |
Fixed asset write down | — |  |  | 1 |  |  | (1) |  |  | — |  |  | — |
Other(1) | — |  |  | 4 |  |  | — |  |  | (1) |  |  | 3 |
2019 Severance Program |  |  |  |  |  |  |  |  |
Severance | — |  |  | 21 |  |  | — |  |  | (8) |  |  | 13 |
Total restructuring | $ | 5 |  |  | $ | 30 |  |  | $ | (1) |  |  | $ | (13) |  |  | $ | 21 |
(DOLLARS IN MILLIONS) | Balance at January 1, 2020 |  | Additional Charges (Reversals), Net |  | Non-Cash Charges |  | Cash Payments |  | Balance at December 31, 2020
2017 Productivity Program |  |  |  |  |  |  |  |  |
Severance | $ | 1 |  |  | $ | (1) |  |  | $ | — |  |  | $ | — |  |  | $ | — |
Frutarom Integration Initiative |  |  |  |  |  |  |  |  |
Severance | 4 |  |  | 2 |  |  | — |  |  | (3) |  |  | 3 |
Fixed asset write down | — |  |  | 12 |  |  | (12) |  |  | — |  |  | — |
Other(1) | 3 |  |  | 2 |  |  | — |  |  | (2) |  |  | 3 |
2019 Severance Program |  |  |  |  |  |  |  |  |
Severance | 13 |  |  | (1) |  |  | — |  |  | (6) |  |  | 6 |
Other Restructuring Charges |  |  |  |  |  |  |  |  |
Severance | — |  |  | 3 |  |  | — |  |  | (1) |  |  | 2 |
Total restructuring | $ | 21 |  |  | $ | 17 |  |  | $ | (12) |  |  | $ | (12) |  |  | $ | 14 |
(DOLLARS IN MILLIONS) | Balance at January 1, 2021 |  | Additional Charges (Reversals), Net |  | Non-Cash Charges |  | Cash Payments |  |  |  | Balance at December 31, 2021
Frutarom Integration Initiative |  |  |  |  |  |  |  |  |  |  |
Severance | $ | 3 |  |  | $ | 5 |  |  | $ | — |  |  | $ | (3) |  |  |  |  | $ | 5 |
Fixed asset write down | — |  |  | 5 |  |  | (5) |  |  | — |  |  |  |  | — |
Other(1) | 3 |  |  | — |  |  | — |  |  | — |  |  |  |  | 3 |
2019 Severance Program |  |  |  |  |  |  |  |  |  |  |
Severance | 6 |  |  | — |  |  | — |  |  | (1) |  |  |  |  | 5 |
Other Restructuring Charges |  |  |  |  |  |  |  |  |  |  |
Severance | 2 |  |  | — |  |  | — |  |  | (1) |  |  |  |  | 1 |
Other(2) | — |  |  | 1 |  |  | — |  |  | (1) |  |  |  |  | — |
N&B Merger Restructuring Liability |  |  |  |  |  |  |  |  |  |  |
Severance | — |  |  | 27 |  |  | — |  |  | (12) |  |  |  |  | 15 |
Other(3) | — |  |  | 3 |  |  | (3) |  |  | — |  |  |  |  | — |
Total restructuring | $ | 14 |  |  | $ | 41 |  |  | $ | (8) |  |  | $ | (18) |  |  |  |  | $ | 29 |
_______________________ (1)Includes supplier contract termination costs, consulting and advisory fees. (2)Includes charges related to legal settlement costs. (3)Includes lease impairment charges incurred from the Merger with N&B. Charges by Segment The following table summarizes the total amount of costs incurred in connection with these restructuring programs by segment:
| December 31,
(DOLLARS IN MILLIONS) | 2021 |  | 2020 |  | 2019
Nourish | $ | 32 |  |  | $ | 10 |  |  | $ | 17 |
Health & Biosciences | 5 |  |  | — |  |  | 1 |
Scent | 3 |  |  | 7 |  |  | 12 |
Pharma Solutions | 1 |  |  | — |  |  | — |
Total Restructuring and other charges | $ | 41 |  |  | $ | 17 |  |  | $ | 30 |

X
- References No definition available. + Details
Name: | us-gaap_RestructuringAndRelatedActivitiesAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for restructuring and related activities. Description of restructuring activities such as exit and disposal activities, include facts and circumstances leading to the plan, the expected plan completion date, the major types of costs associated with the plan activities, total expected costs, the accrual balance at the end of the period, and the periods over which the remaining accrual will be settled. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 420 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SAB Topic 5.P.4(e)) -URI http://asc.fasb.org/extlink&oid=115931487&loc=d3e140904-122747 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 420 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=6394359&loc=d3e17939-110869 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 420 -URI http://asc.fasb.org/topic&trid=2175745 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 420 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (e) -URI http://asc.fasb.org/extlink&oid=6394359&loc=d3e17939-110869 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 420 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (b)(2) -URI http://asc.fasb.org/extlink&oid=6394359&loc=d3e17939-110869 + Details
Name: | us-gaap_RestructuringAndRelatedActivitiesDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration