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Restructuring and Other Charges (Tables)

6 Months Ended

Jun. 30, 2024

Restructuring and Related Activities [Abstract]

Changes in Employee-Related Restructuring Liabilities

Changes in Restructuring Liabilities

Changes in restructuring liabilities during the six months ended June 30, 2024 were as follows:

(DOLLARS IN MILLIONS)			Balance at January 1, 2024						Additional Charges (Reversals), Net						Non-Cash Charges						Cash Payments												Balance at June 30, 2024
N&B Merger Restructuring Liability
Other			$	—					$	2					$	(2)					$	—											$	—
2023 Restructuring Program
Severance			14						3						—						(14)												3
Total Restructuring and other charges			$	14					$	5					$	(2)					$	(14)											$	3

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 the restructuring programs and activities by segment:

			Three Months Ended June 30,												Six Months Ended June 30,
(DOLLARS IN MILLIONS)			2024						2023						2024						2023
Nourish			$	1					$	2					$	3					$	32
Health & Biosciences			—						1						1						11
Scent			1						4						1						14
Pharma Solutions			—						—						—						2
Total Restructuring and other charges			$	2					$	7					$	5					$	59

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- References

No definition available.

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- Definition

Tabular disclosure of an entity's restructuring reserve that occurred during the period associated with the exit from or disposal of business activities or restructurings for each major type of cost. This element may also include a description of any reversal and other adjustment made during the period to the amount of an accrued liability for restructuring activities. This element may be used to encapsulate the roll forward presentations of an entity's restructuring reserve by type of cost and in total, and explanation of changes that occurred in the period.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 420
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 2
-Subparagraph (SAB Topic 5.P.4.b.2)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479823/420-10-S99-2

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 420
-SubTopic 10
-Section 50
-Paragraph 1
-Subparagraph (b)(2)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482017/420-10-50-1

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