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Goodwill and Other Intangible Assets, Net Goodwill and Other Intangible Assets, Net (Notes) | 6 Months Ended
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Jun. 30, 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 six months ended June 30, 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 |
Transferred to assets held for sale(1) | (55) |  |  | — |  |  | — |  |  | (1,172) |  |  |  |  | (1,227) |
Foreign exchange | (45) |  |  | (49) |  |  | (12) |  |  | (20) |  |  |  |  | (126) |
Balance at June 30, 2024 | $ | 3,389 |  |  | $ | 4,342 |  |  | $ | 1,478 |  |  | $ | 73 |  |  |  |  | $ | 9,282 |
_______________________ (1)Recognized $64 million of impairment related to the Pharma Solutions disposal group classified as held for sale as of June 30, 2024. See Note 3 for additional information. The goodwill balances at January 1, 2024 and June 30, 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:
| June 30, |  | December 31,
(DOLLARS IN MILLIONS) | 2024 |  | 2023
Asset Type |  |  |
Customer relationships | $ | 7,176 |  |  | $ | 8,211 |
Technological know-how | 1,987 |  |  | 2,355 |
Trade names & patents | 280 |  |  | 337 |
Other | 25 |  |  | 44 |
Total carrying value | 9,468 |  |  | 10,947 |
Accumulated Amortization |  |  |
Customer relationships | (1,642) |  |  | (1,619) |
Technological know-how | (804) |  |  | (813) |
Trade names & patents | (119) |  |  | (117) |
Other | (22) |  |  | (41) |
Total accumulated amortization | (2,587) |  |  | (2,590) |
Other intangible assets, net | $ | 6,881 |  |  | $ | 8,357 |
Amortization Amortization expense was $153 million and $172 million for the three months ended June 30, 2024 and 2023, respectively, and $321 million and $343 million for the six months ended June 30, 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 | $ | 291 |  |  | $ | 580 |  |  | $ | 578 |  |  | $ | 492 |  |  | $ | 479 |

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- Definition The entire disclosure for goodwill and intangible assets. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 30 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/350-30/tableOfContent Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 20 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/350-20/tableOfContent + Details
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