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Segment Information (Tables) | 3 Months Ended
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Mar. 31, 2022
Segment Reporting [Abstract] |
Reportable Segment Information |
| Three Months Ended |  |
| March 31, |  |
(DOLLARS IN MILLIONS) | 2022 |  | 2021 |  |  |  |
Net sales: |  |  |  |  |  |  |
Nourish | $ | 1,731 |  |  | $ | 1,308 |  |  |  |  |
Health & Biosciences | 661 |  |  | 426 |  |  |  |  |
Scent | 585 |  |  | 569 |  |  |  |  |
Pharma Solutions | 249 |  |  | 162 |  |  |  |  |
Consolidated | $ | 3,226 |  |  | $ | 2,465 |  |  |  |  |
Segment Adjusted Operating EBITDA: |  |  |  |  |  |  |
Nourish | $ | 329 |  |  | $ | 270 |  |  |  |  |
Health & Biosciences | 192 |  |  | 128 |  |  |  |  |
Scent | 116 |  |  | 128 |  |  |  |  |
Pharma Solutions | 65 |  |  | 43 |  |  |  |  |
Total | 702 |  |  | 569 |  |  |  |  |
Depreciation & Amortization | (303) |  |  | (242) |  |  |  |  |
Interest Expense | (72) |  |  | (65) |  |  |  |  |
Other income, net | 16 |  |  | 7 |  |  |  |  |
Restructuring and Other Charges | (2) |  |  | (4) |  |  |  |  |
Shareholder Activism Related Costs (a) | (3) |  |  | (7) |  |  |  |  |
Business Divestiture Costs (b) | (30) |  |  | — |  |  |  |  |
Employee Separation Costs (c) | (4) |  |  | (3) |  |  |  |  |
Frutarom Acquisition Related Costs (d) | (1) |  |  | — |  |  |  |  |
N&B Inventory Step-Up Costs | — |  |  | (182) |  |  |  |  |
N&B Transaction Related Costs (e) | — |  |  | (89) |  |  |  |  |
Integration Related Costs (f) | (18) |  |  | (38) |  |  |  |  |
Income (Loss) Before Taxes | $ | 285 |  |  | $ | (54) |  |  |  |  |
_______________________
(a) | Represents shareholder activist related costs, primarily professional fees.
(b) | Represents costs related to the Company's planned sales of businesses, primarily legal and professional fees.
(c) | Represents costs related to severance, including accelerated stock compensation expense, for certain employees and executives who have been separated or will separate from the Company.
(d) | Represents transaction-related costs and expenses related to the acquisition of Frutarom.
(e) | Represents transaction costs and expenses related to the transaction with N&B, primarily includes legal and professional fees.
(f) | Represents costs related to integration activities since 2018, primarily for Frutarom and N&B. For 2022, represents costs primarily related to external consulting fees and internal integration costs, including salaries. For 2021, represents costs primarily related to performance stock awards and consulting fees for advisory services.
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) | 2022 |  | 2021 |  |  |  |
Europe, Africa and Middle East | $ | 1,128 |  |  | $ | 873 |  |  |  |  |
Greater Asia | 744 |  |  | 587 |  |  |  |  |
North America | 1,002 |  |  | 722 |  |  |  |  |
Latin America | 352 |  |  | 283 |  |  |  |  |
Consolidated | $ | 3,226 |  |  | $ | 2,465 |  |  |  |  |
| Three Months Ended March 31, |  |
(DOLLARS IN MILLIONS) | 2022 |  | 2021 |  |  |  |
Net sales related to the U.S. | $ | 901 |  |  | $ | 654 |  |  |  |  |
Net sales attributed to all foreign countries | 2,325 |  |  | 1,811 |  |  |  |  |

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- Definition Tabular disclosure of information concerning material long-lived assets (excluding financial instruments, customer relationships with financial institutions, mortgage and other servicing rights, deferred policy acquisition costs, and deferred taxes assets) located in identified geographic areas and/or the amount of revenue from external customers attributed to that country from which revenue is material. An entity may also provide subtotals of geographic information about groups of countries. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 41 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e9038-108599 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 220 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03.1) -URI http://asc.fasb.org/extlink&oid=123367319&loc=SL114868664-224227 + Details
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- Definition Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8736-108599 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8813-108599 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=121556970&loc=d3e13816-109267 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8906-108599 + Details
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