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Restructuring and Other Charges | 12 Months Ended
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Dec. 31, 2023
Restructuring and Related Activities [Abstract] |
Restructuring and Other Charges | 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 (Loss) Income 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, the Company closed 22 sites and expensed total costs of approximately $36 million. As of the first quarter of 2023, the Frutarom Integration Initiative was completed. 2019 Severance Program During 2019, the Company incurred severance charges related to approximately 190 headcount reductions, excluding those previously mentioned under the Frutarom Integration Initiative. The headcount reductions were primarily related to the Scent segment associated with the establishment of a new shared service center in Europe. Since the program’s inception, the Company expensed approximately $15 million. As of the third quarter of 2022, the program was completed. N&B Merger Restructuring Liability For 2023, the Company incurred 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. As of December 31, 2023, the restructuring activities were completed related to employee exits. The Company continues to evaluate its owned and leased properties following the Merger with N&B and may incur additional costs to further consolidate its footprint. 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 year ended December 31, 2023, the Company incurred approximately $70 million of charges related to severance and there have been a total of approximately 680 actual and planned headcount reductions. Changes in Restructuring Liability Changes in restructuring liabilities during 2021, 2022 and 2023 were as follows:
(DOLLARS IN MILLIONS) | Balance at January 1, 2021 |  | Additional Charges (Reversals), Net |  | Non-Cash Charges |  | Cash Payments |  | Balance at December 31, 2021
Frutarom Integration Initiative |  |  |  |  |  |  |  |  |
Severance | $ | 3 |  |  | $ | 5 |  |  | $ | — |  |  | $ | (3) |  |  | $ | 5 |
Fixed asset write down | — |  |  | 5 |  |  | (5) |  |  | — |  |  | — |
Other(1) | 3 |  |  | — |  |  | — |  |  | — |  |  | 3 |
2019 Severance Program |  |  |  |  |  |  |  |  |
Severance | 6 |  |  | — |  |  | — |  |  | (1) |  |  | 5 |
Other Restructuring Charges |  |  |  |  |  |  |  |  |
Severance | 2 |  |  | — |  |  | — |  |  | (1) |  |  | 1 |
Other(2) | — |  |  | 1 |  |  | — |  |  | (1) |  |  | — |
N&B Merger Restructuring Liability |  |  |  |  |  |  |  |  |
Severance | — |  |  | 27 |  |  | — |  |  | (12) |  |  | 15 |
Other(3) | — |  |  | 3 |  |  | (3) |  |  | — |  |  | — |
Total Restructuring and other charges | $ | 14 |  |  | $ | 41 |  |  | $ | (8) |  |  | $ | (18) |  |  | $ | 29 |
(DOLLARS IN MILLIONS) | Balance at January 1, 2022 |  | Additional Charges (Reversals), Net |  | Non-Cash Charges |  | Cash Payments |  | Balance at December 31, 2022
Frutarom Integration Initiative |  |  |  |  |  |  |  |  |
Severance | $ | 5 |  |  | $ | 1 |  |  | $ | — |  |  | $ | (2) |  |  | $ | 4 |
Fixed asset write down | — |  |  | 3 |  |  | (3) |  |  | — |  |  | — |
Other(1) | 3 |  |  | (2) |  |  | — |  |  | (1) |  |  | — |
2019 Severance Program |  |  |  |  |  |  |  |  |
Severance | 5 |  |  | (5) |  |  | — |  |  | — |  |  | — |
Other Restructuring Charges |  |  |  |  |  |  |  |  |
Severance | 1 |  |  | — |  |  | — |  |  | — |  |  | 1 |
N&B Merger Restructuring Liability |  |  |  |  |  |  |  |  |
Severance | 15 |  |  | 8 |  |  | — |  |  | (14) |  |  | 9 |
Other(3) | — |  |  | 7 |  |  | (2) |  |  | (4) |  |  | 1 |
Total Restructuring and other charges | $ | 29 |  |  | $ | 12 |  |  | $ | (5) |  |  | $ | (21) |  |  | $ | 15 |
(DOLLARS IN MILLIONS) | Balance at January 1, 2023 |  | Additional Charges (Reversals), Net |  | Non-Cash Charges |  | Cash Payments |  |  |  | Balance at December 31, 2023
Frutarom Integration Initiative |  |  |  |  |  |  |  |  |  |  |
Severance | $ | 4 |  |  | $ | (3) |  |  | $ | — |  |  | $ | (1) |  |  |  |  | $ | — |
Other Restructuring Charges |  |  |  |  |  |  |  |  |  |  |
Severance | 1 |  |  | (1) |  |  | — |  |  | — |  |  |  |  | — |
N&B Merger Restructuring Liability |  |  |  |  |  |  |  |  |  |  |
Severance | 9 |  |  | — |  |  | — |  |  | (9) |  |  |  |  | — |
Other(3) | 1 |  |  | 2 |  |  | (2) |  |  | (1) |  |  |  |  | — |
2023 Restructuring Program |  |  |  |  |  |  |  |  |  |  |
Severance | — |  |  | 70 |  |  | — |  |  | (56) |  |  |  |  | 14 |
Total Restructuring and other charges | $ | 15 |  |  | $ | 68 |  |  | $ | (2) |  |  | $ | (67) |  |  |  |  | $ | 14 |
_______________________ (1)Includes supplier contract termination costs, consulting and advisory fees. (2)Includes charges related to legal settlement costs. (3)Includes lease impairment charges and losses incurred from restructuring activities related to the Merger with N&B. Charges by Segment The following table summarizes the total amount of costs incurred in connection with these restructuring programs and activities by segment:
| December 31,
(DOLLARS IN MILLIONS) | 2023 |  | 2022 |  | 2021
Nourish | $ | 37 |  |  | $ | 8 |  |  | $ | 32 |
Health & Biosciences | 13 |  |  | 2 |  |  | 5 |
Scent | 15 |  |  | 1 |  |  | 3 |
Pharma Solutions | 3 |  |  | 1 |  |  | 1 |
Total Restructuring and other charges | $ | 68 |  |  | $ | 12 |  |  | $ | 41 |

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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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