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Redeemable Noncontrolling Interests | 12 Months Ended
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Dec. 31, 2024
Noncontrolling Interest [Abstract] |
Redeemable Noncontrolling Interests | REDEEMABLE NON-CONTROLLING INTERESTS Through certain subsidiaries of the Company’s Frutarom acquisition, there were certain non-controlling interests that carried redemption features. The non-controlling interest holders had the right, over a stipulated period of time, to sell their respective interests to Frutarom, and Frutarom had the option to purchase these interests (subject to the same timing). In most cases, these options carried similar price and conditions of exercise, and were settled on a pre-agreed formula based on a multiple of the average EBITDA of consecutive quarters to be achieved during the period ending prior to the exercise date. The following table sets forth the details of the Company’s redeemable non-controlling interests:
(DOLLARS IN MILLIONS) |  | Redeemable Non-controlling Interests
Balance at December 31, 2021 |  | $ | 105 |
Impact of foreign exchange translation |  | (6) |
Share of profit or loss attributable to redeemable non-controlling interests |  | 4 |
Redemption value adjustment for the current period |  | 5 |
Exercises of redeemable non-controlling interests |  | (49) |
Balance at December 31, 2022 |  | $ | 59 |
Impact of foreign exchange translation |  | (8) |
Redemption value adjustment for the current period |  | (2) |
Dividends paid |  | (13) |
Exercises of redeemable non-controlling interests |  | (25) |
Disposal of redeemable non-controlling interests(1) |  | (11) |
Balance at December 31, 2023 |  | $ | — |
Balance at December 31, 2024 |  | $ | — |
_______________________ (1)The disposal of redeemable non-controlling interests was related to the sale of the Company’s investment in the Sonarome business.

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- Definition The entire disclosure for noncontrolling interest in consolidated subsidiaries, which could include the name of the subsidiary, the ownership percentage held by the parent, the ownership percentage held by the noncontrolling owners, the amount of the noncontrolling interest, the location of this amount on the balance sheet (when not reported separately), an explanation of the increase or decrease in the amount of the noncontrolling interest, the noncontrolling interest share of the net Income or Loss of the subsidiary, the location of this amount on the income statement (when not reported separately), the nature of the noncontrolling interest such as background information and terms, the amount of the noncontrolling interest represented by preferred stock, a description of the preferred stock, and the dividend requirements of the preferred stock. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 810 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/810/tableOfContent + Details
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- References No definition available. + Details
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