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Goodwill and Other Intangible Assets, Net (Tables) | 6 Months Ended
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Jun. 30, 2022
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, 2022 were as follows:
(DOLLARS IN MILLIONS) | Nourish |  | Health & Biosciences |  | Scent |  | Pharma Solutions |  |  |  | Total
Balance at December 31, 2021 | $ | 6,555 |  |  | $ | 6,749 |  |  | $ | 1,828 |  |  | $ | 1,282 |  |  |  |  | $ | 16,414 |
Acquisitions | — |  |  | 45 |  |  | — |  |  | — |  |  |  |  | 45 |
Transferred to assets held for sale | — |  |  | 11 |  |  | — |  |  | — |  |  |  |  | 11 |
Foreign exchange | (131) |  |  | (179) |  |  | (42) |  |  | (47) |  |  |  |  | (399) |
Balance at June 30, 2022 | $ | 6,424 |  |  | $ | 6,626 |  |  | $ | 1,786 |  |  | $ | 1,235 |  |  |  |  | $ | 16,071 |
Schedule of Other Intangible Assets, Net | Other intangible assets, net consisted of the following amounts:
| June 30, |  | December 31,
(DOLLARS IN MILLIONS) | 2022 |  | 2021
Asset Type |  |  |
Customer relationships | $ | 8,794 |  |  | $ | 8,935 |
Technological know-how | 2,430 |  |  | 2,494 |
Trade names & patents | 399 |  |  | 411 |
Other | 48 |  |  | 50 |
Total carrying value | 11,671 |  |  | 11,890 |
Accumulated Amortization |  |  |
Customer relationships | (1,162) |  |  | (887) |
Technological know-how | (505) |  |  | (388) |
Trade names & patents | (90) |  |  | (68) |
Other | (47) |  |  | (41) |
Total accumulated amortization | (1,804) |  |  | (1,384) |
Other intangible assets, net | $ | 9,867 |  |  | $ | 10,506 |
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) | 2022 |  | 2023 |  | 2024 |  | 2025 |  | 2026
Estimated future intangible amortization expense | $ | 372 |  |  | $ | 738 |  |  | $ | 737 |  |  | $ | 734 |  |  | $ | 732 |

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