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Goodwill and Other Intangible Assets, Net Goodwill and Other Intangible Assets, Net (Notes) | 3 Months Ended
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Mar. 31, 2024
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 three months ended March 31, 2024 were as follows:
(DOLLARS IN MILLIONS) | Nourish |  | Health & Biosciences |  | Scent |  | Pharma Solutions |  |  |  | Total
Balance at January 1, 2024 | $ | 3,489 |  |  | $ | 4,391 |  |  | $ | 1,490 |  |  | $ | 1,265 |  |  |  |  | $ | 10,635 |
Foreign exchange | (35) |  |  | (39) |  |  | (8) |  |  | (15) |  |  |  |  | (97) |
Balance at March 31, 2024 | $ | 3,454 |  |  | $ | 4,352 |  |  | $ | 1,482 |  |  | $ | 1,250 |  |  |  |  | $ | 10,538 |
The goodwill balances at January 1, 2024 and March 31, 2024 included $2.623 billion and $2.250 billion of accumulated impairment related to the Nourish and Health & Biosciences reportable segments, respectively. The accumulated impairment relates to impairment charges recorded in 2023 and 2022. Other Intangible Assets Other intangible assets, net consisted of the following amounts:
| March 31, |  | December 31,
(DOLLARS IN MILLIONS) | 2024 |  | 2023
Asset Type |  |  |
Customer relationships | $ | 8,137 |  |  | $ | 8,211 |
Technological know-how | 2,336 |  |  | 2,355 |
Trade names & patents | 334 |  |  | 337 |
Other | 44 |  |  | 44 |
Total carrying value | 10,851 |  |  | 10,947 |
Accumulated Amortization |  |  |
Customer relationships | (1,708) |  |  | (1,619) |
Technological know-how | (863) |  |  | (813) |
Trade names & patents | (123) |  |  | (117) |
Other | (41) |  |  | (41) |
Total accumulated amortization | (2,735) |  |  | (2,590) |
Other intangible assets, net | $ | 8,116 |  |  | $ | 8,357 |
Amortization Amortization expense was $168 million and $171 million for the three months ended March 31, 2024 and 2023, respectively. Amortization expense for the next five years, based on valuations and determinations of useful lives, is expected to be as follows:
(DOLLARS IN MILLIONS) | Remainder of 2024 |  | 2025 |  | 2026 |  | 2027 |  | 2028
Estimated future intangible amortization expense | $ | 502 |  |  | $ | 668 |  |  | $ | 666 |  |  | $ | 573 |  |  | $ | 559 |

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- Definition The entire disclosure for goodwill and intangible assets. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 350 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//350/tableOfContent + Details
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