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Goodwill and Other Intangible Assets, Net Goodwill and Other Intangible Assets, Net (Notes)
6 Months Ended
Jun. 30, 2023
Goodwill and Intangible Assets Disclosure [Abstract]  
Goodwill and Other Intangible Assets, Net GOODWILL AND OTHER INTANGIBLE ASSETS, NET
Goodwill
Movements in goodwill attributable to each reportable segment for the six months ended June 30, 2023 were as follows:
(DOLLARS IN MILLIONS)NourishHealth & BiosciencesScentPharma SolutionsTotal
Balance at December 31, 2022$6,050 $4,321 $1,745 $1,239 $13,355 
Reduction from business divestitures(4)— — — (4)
Foreign exchange56 59 13 19 147 
Balance at June 30, 2023$6,102 $4,380 $1,758 $1,258 $13,498 
The goodwill balances at June 30, 2023 and December 31, 2022 include $2.250 billion of accumulated impairment related to the Health & Biosciences reportable segment. The accumulated impairment relates entirely to an impairment charge recorded in 2022.
Other Intangible Assets
Other intangible assets, net consisted of the following amounts:
June 30,December 31,
(DOLLARS IN MILLIONS)20232022
Asset Type
Customer relationships$8,375 $8,318 
Technological know-how2,359 2,339 
Trade names & patents360 358 
Other50 47 
Total carrying value 11,144 11,062 
Accumulated Amortization
Customer relationships(1,470)(1,252)
Technological know-how(704)(589)
Trade names & patents(113)(97)
Other(44)(42)
Total accumulated amortization(2,331)(1,980)
Other intangible assets, net$8,813 $9,082 
Amortization
Amortization expense was $172 million and $184 million for the three months ended June 30, 2023 and 2022, respectively, and $343 million and $370 million for the six months ended June 30, 2023 and 2022, respectively.
Amortization expense for the next five years is expected to be as follows:
(DOLLARS IN MILLIONS)20232024202520262027
Estimated future intangible amortization expense$351 $702 $700 $697 $598 
Impairment of Intangible Assets
As discussed in Note 1, during the three and six months ended June 30, 2022, an impairment charge of approximately $92 million was recorded in connection with intangible assets, primarily customer relationships and technological know-how, of an asset group that operated primarily in Russia.