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Goodwill and Other Intangible Assets, Net (Tables) | 12 Months Ended
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Dec. 31, 2023
Goodwill and Intangible Assets Disclosure [Abstract] |
Schedule of Goodwill by Operating Segment | Goodwill Movements in goodwill attributable to each reportable segment during the years ended December 31, 2022 and 2023 were as follows:
(DOLLARS IN MILLIONS) | Nourish |  | Health & Biosciences |  | Scent |  | Pharma Solutions |  | Total
Balance at December 31, 2021 | $ | 6,559 |  |  | $ | 6,763 |  |  | $ | 1,828 |  |  | $ | 1,282 |  |  | $ | 16,432 |
Acquisitions(1) | — |  |  | 45 |  |  | — |  |  | — |  |  | 45 |
Impairment | — |  |  | (2,250) |  |  | — |  |  | — |  |  | (2,250) |
Transferred to assets held for sale(2) | (306) |  |  | — |  |  | (42) |  |  | — |  |  | (348) |
Foreign exchange | (199) |  |  | (223) |  |  | (41) |  |  | (43) |  |  | (506) |
Balance at December 31, 2022 | 6,054 |  |  | 4,335 |  |  | 1,745 |  |  | 1,239 |  |  | 13,373 |
Impairment | (2,623) |  |  | — |  |  | — |  |  | — |  |  | (2,623) |
Transferred to assets held for sale(3) | — |  |  | — |  |  | (267) |  |  | — |  |  | (267) |
Reduction from business divestiture | (14) |  |  | — |  |  | — |  |  | — |  |  | (14) |
Foreign exchange | 72 |  |  | 56 |  |  | 12 |  |  | 26 |  |  | 166 |
Balance at December 31, 2023 | $ | 3,489 |  |  | $ | 4,391 |  |  | $ | 1,490 |  |  | $ | 1,265 |  |  | $ | 10,635 |
_______________________ (1)Related to the acquisition of Health Wright. See Note 3 for additional information. (2)Related to the portion of the Savory Solutions business and FSI business that were classified as held for sale as of December 31, 2022. The Company completed the divestitures of the businesses on May 31, 2023 and August 1, 2023, respectively. See Note 4 and Note 21 for additional information. (3)Related to the Cosmetic Ingredients business that was classified as held for sale as of December 31, 2023. 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) | 2023 |  | 2022
Asset Type |  |  |
Customer relationships | $ | 8,211 |  |  | $ | 8,318 |
Technological know-how | 2,355 |  |  | 2,339 |
Trade names & patents | 337 |  |  | 358 |
Other | 44 |  |  | 47 |
Total carrying value | 10,947 |  |  | 11,062 |
Accumulated Amortization |  |  |
Customer relationships | (1,619) |  |  | (1,252) |
Technological know-how | (813) |  |  | (589) |
Trade names & patents | (117) |  |  | (97) |
Other | (41) |  |  | (42) |
Total accumulated amortization | (2,590) |  |  | (1,980) |
Other intangible assets, net | $ | 8,357 |  |  | $ | 9,082 |
Schedule of Finite-Lived Intangible Assets, Future Amortization Expense | Amortization expense for the next five years, based on valuations and determinations of useful lives, is expected to be as follows:
| December 31, |  |
(DOLLARS IN MILLIONS) | 2024 |  | 2025 |  | 2026 |  | 2027 |  | 2028 |  |
Estimated future intangible amortization expense | $ | 678 |  |  | $ | 676 |  |  | $ | 674 |  |  | $ | 577 |  |  | $ | 558 |  |  |

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