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Goodwill and Other Intangible Assets, Net (Tables) | 12 Months Ended
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Dec. 31, 2022
Goodwill and Intangible Assets Disclosure [Abstract] |
Schedule of Goodwill by Operating Segment | Goodwill In the first quarter of 2021, in connection to the Merger, the Company reorganized its reporting structure. In connection with this reorganization, goodwill was reassigned among reporting units using a relative fair value approach based on the fair value of the elements transferred and the fair value of the elements remaining within the original reporting units. The Company tested goodwill for impairment on a pre-reorganization basis and determined there was no impairment for the affected reporting units. In connection with the reorganization, $985 million of goodwill previously included in the legacy Taste segment, now the Nourish segment, was moved to the Scent and Health & Biosciences segments amounting to $257 million and $728 million, respectively. Movements in goodwill attributable to each reportable segment during the years ended December 31, 2021 and 2022 were as follows:
(DOLLARS IN MILLIONS) | Nourish |  | Health & Biosciences |  | Scent |  | Pharma Solutions |  | Total
Balance at December 31, 2020 | $ | 4,859 |  |  | $ | — |  |  | $ | 734 |  |  | $ | — |  |  | $ | 5,593 |
Acquisitions(1) | 2,900 |  |  | 6,712 |  |  | 876 |  |  | 1,329 |  |  | 11,817 |
Transferred to assets held for sale(2) | — |  |  | (536) |  |  | — |  |  | — |  |  | (536) |
Reduction from business divestiture | (27) |  |  | — |  |  | — |  |  | — |  |  | (27) |
Foreign exchange | (192) |  |  | (155) |  |  | (39) |  |  | (47) |  |  | (433) |
Reallocation | (985) |  |  | 728 |  |  | 257 |  |  | — |  |  | — |
Balance at December 31, 2021 | 6,555 |  |  | 6,749 |  |  | 1,828 |  |  | 1,282 |  |  | 16,414 |
Acquisitions(3) | — |  |  | 45 |  |  | — |  |  | — |  |  | 45 |
Impairment | — |  |  | (2,250) |  |  | — |  |  | — |  |  | (2,250) |
Transferred to assets held for sale(4) | (306) |  |  | — |  |  | (42) |  |  | — |  |  | (348) |
Foreign exchange | (199) |  |  | (223) |  |  | (41) |  |  | (43) |  |  | (506) |
Balance at December 31, 2022 | $ | 6,050 |  |  | $ | 4,321 |  |  | $ | 1,745 |  |  | $ | 1,239 |  |  | $ | 13,355 |
_______________________ (1)Acquisitions relate to the Merger with N&B. See Note 3 for additional information. (2)Transferred to assets held for sale relate to the Microbial Control business unit that was classified as “held for sale” as of December 31, 2021. (3)Acquisitions relate to the acquisition of Health Wright. See Note 3 for additional information. (4)Transferred to assets held for sale relate to the portion of the Savory Solutions business and Flavor Specialty Ingredients business that were classified as “held for sale” as of December 31, 2022. See Note 21 for additional information.
Schedule of Other Intangible Assets | Other intangible assets, net consisted of the following amounts:
| December 31,
(DOLLARS IN MILLIONS) | 2022 |  | 2021
Asset Type |  |  |
Customer relationships | $ | 8,318 |  |  | $ | 8,935 |
Technological know-how | 2,339 |  |  | 2,494 |
Trade names & patents | 358 |  |  | 411 |
Other | 47 |  |  | 50 |
Total carrying value | 11,062 |  |  | 11,890 |
Accumulated Amortization |  |  |
Customer relationships | (1,252) |  |  | (887) |
Technological know-how | (589) |  |  | (388) |
Trade names & patents | (97) |  |  | (68) |
Other | (42) |  |  | (41) |
Total accumulated amortization | (1,980) |  |  | (1,384) |
Other intangible assets, net | $ | 9,082 |  |  | $ | 10,506 |
Schedule of Finite-Lived Intangible Assets, Future Amortization Expense | Amortization expense for the next five years and thereafter, based on valuations and determinations of useful lives, is expected to be as follows:
| December 31,
(DOLLARS IN MILLIONS) | 2023 |  | 2024 |  | 2025 |  | 2026 |  | 2027
Estimated future intangible amortization expense | $ | 703 |  |  | $ | 702 |  |  | $ | 699 |  |  | $ | 697 |  |  | $ | 598 |

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