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Restructuring and Other Charges, Net | 9 Months Ended
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Sep. 30, 2023
Restructuring and Related Activities [Abstract] |
Restructuring and Other Charges, Net | RESTRUCTURING AND OTHER CHARGES Restructuring and other charges primarily consist of separation costs for employees including severance, outplacement and other employee benefit costs (“Severance”), charges related to the write-down of fixed assets of plants to be closed (“Fixed asset write-down”) and all other related restructuring (“Other”) costs. All restructuring and other charges are separately stated on the Consolidated Statements of Income (Loss) and Comprehensive Loss. Frutarom Integration Initiative In connection with the acquisition of Frutarom, the Company executed an integration plan that, among other initiatives, sought to optimize its manufacturing network (the “Frutarom Integration Initiative”). Since the inception of the initiative through March 31, 2023, the Company closed 22 sites and expensed total costs of approximately $36 million. As of March 31, 2023, the Frutarom Integration Initiative was completed. N&B Merger Restructuring Liability For the nine months ended September 30, 2023, the Company had approximately $2 million of charges related to a lease impairment. Since the inception of the restructuring activities, there have been a total of approximately 215 headcount reductions and the Company has expensed approximately $47 million. 2023 Restructuring Program In December 2022, the Company announced a restructuring program mainly related to headcount reduction to improve its organizational and operating structure, drive efficiencies and achieve cost savings. For the nine months ended September 30, 2023, the Company incurred approximately $63 million of charges related to severance and there have been a total of approximately 605 actual and planned headcount reductions. The Company expects to incur a majority of the costs for the 2023 Restructuring Program in the current year. Changes in Restructuring Liabilities Changes in restructuring liabilities during the nine months ended September 30, 2023 were as follows:
(DOLLARS IN MILLIONS) | Balance at December 31, 2022 |  | Additional Charges (Reversals), Net |  | Non-Cash Charges |  | Cash Payments |  |  |  | Balance at September 30, 2023
Frutarom Integration Initiative |  |  |  |  |  |  |  |  |  |  |
Severance | $ | 4 |  |  | $ | (3) |  |  | $ | — |  |  | $ | (1) |  |  |  |  | $ | — |
Other Restructuring Charges |  |  |  |  |  |  |  |  |  |  |
Severance | 1 |  |  | (1) |  |  | — |  |  | — |  |  |  |  | — |
N&B Merger Restructuring Liability |  |  |  |  |  |  |  |  |  |  |
Severance | 9 |  |  | — |  |  | — |  |  | (8) |  |  |  |  | 1 |
Other | 1 |  |  | 2 |  |  | (2) |  |  | (1) |  |  |  |  | — |
2023 Restructuring Program |  |  |  |  |  |  |  |  |  |  |
Severance | — |  |  | 63 |  |  | — |  |  | (39) |  |  |  |  | 24 |
Total Restructuring and other charges | $ | 15 |  |  | $ | 61 |  |  | $ | (2) |  |  | $ | (49) |  |  |  |  | $ | 25 |
Restructuring liabilities are presented in “Other current liabilities” on the Consolidated Balance Sheets. Charges by Segment The following table summarizes the total amount of costs incurred in connection with these restructuring programs and activities by segment:
| Three Months Ended September 30, |  | Nine Months Ended September 30,
(DOLLARS IN MILLIONS) | 2023 |  | 2022 |  | 2023 |  | 2022
Nourish | $ | 1 |  |  | $ | — |  |  | $ | 33 |  |  | $ | 3 |
Health & Biosciences | 1 |  |  | 1 |  |  | 12 |  |  | 2 |
Scent | — |  |  | (5) |  |  | 14 |  |  | — |
Pharma Solutions | — |  |  | — |  |  | 2 |  |  | — |
Total Restructuring and other charges | $ | 2 |  |  | $ | (4) |  |  | $ | 61 |  |  | $ | 5 |

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- 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 -Topic 420 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (b)(2) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482017/420-10-50-1 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 420 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482017/420-10-50-1 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 420 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//420/tableOfContent Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 420 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (e) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482017/420-10-50-1 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 420 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 2 -Subparagraph (SAB Topic 5.P.4(e)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147479823/420-10-S99-2 + Details
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