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Goodwill and Other Intangible Assets, Net (Tables) | 12 Months Ended
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Dec. 31, 2024
Goodwill and Intangible Assets Disclosure [Abstract] |
Schedule of Goodwill by Operating Segment | Goodwill Movements in goodwill attributable to each reportable segment during the years ended December 31, 2023 and 2024 were as follows:
(DOLLARS IN MILLIONS) | Nourish |  | Health & Biosciences |  | Scent |  | Pharma Solutions |  | Total
Balance at December 31, 2022 | $ | 6,054 |  |  | $ | 4,335 |  |  | $ | 1,745 |  |  | $ | 1,239 |  |  | $ | 13,373 |
Impairment | (2,623) |  |  | — |  |  | — |  |  | — |  |  | (2,623) |
Transferred to assets held for sale(1) | — |  |  | — |  |  | (267) |  |  | — |  |  | (267) |
Reduction from business divestitures | (14) |  |  | — |  |  | — |  |  | — |  |  | (14) |
Foreign Exchange | 72 |  |  | 56 |  |  | 12 |  |  | 26 |  |  | 166 |
Balance at December 31, 2023 | 3,489 |  |  | 4,391 |  |  | 1,490 |  |  | 1,265 |  |  | 10,635 |
Transferred to assets held for sale(2) | (55) |  |  | — |  |  | — |  |  | (1,248) |  |  | (1,303) |
Reduction from business divestiture(3) | (10) |  |  | — |  |  | — |  |  | — |  |  | (10) |
Foreign exchange | (104) |  |  | (96) |  |  | (25) |  |  | (17) |  |  | (242) |
Balance at December 31, 2024 | $ | 3,320 |  |  | $ | 4,295 |  |  | $ | 1,465 |  |  | $ | — |  |  | $ | 9,080 |
_______________________ (1)Related to the Cosmetic Ingredients business that was classified as held for sale as of December 31, 2023. See Note 4 for additional information. (2)Related to the Pharma Solutions disposal group and the Nitrocellulose business. The Company recognized $64 million of impairment related to the Pharma Solutions disposal group classified as held for sale as of December 31, 2024. See Note 4 for additional information. (3)Relates to the divestiture of the Flavors & Essences UK business. See Note 4 for additional information.
Schedule of Other Intangible Assets | Other intangible assets, net consisted of the following amounts:
| December 31,
(DOLLARS IN MILLIONS) | 2024 |  | 2023
Asset Type |  |  |
Customer relationships | $ | 7,004 |  |  | $ | 8,211 |
Technological know-how | 1,937 |  |  | 2,355 |
Trade names & patents | 268 |  |  | 337 |
Other | 25 |  |  | 44 |
Total carrying value | 9,234 |  |  | 10,947 |
Accumulated Amortization |  |  |
Customer relationships | (1,765) |  |  | (1,619) |
Technological know-how | (875) |  |  | (813) |
Trade names & patents | (128) |  |  | (117) |
Other | (21) |  |  | (41) |
Total accumulated amortization | (2,789) |  |  | (2,590) |
Other intangible assets, net | $ | 6,445 |  |  | $ | 8,357 |
Schedule of Finite-Lived Intangible Assets, Future Amortization Expense | Amortization expense for the next five years, based on valuations and determinations of useful lives, is expected to be as follows:
| December 31, |  |
(DOLLARS IN MILLIONS) | 2025 |  | 2026 |  | 2027 |  | 2028 |  | 2029 |  |
Estimated future intangible amortization expense | $ | 567 |  |  | $ | 564 |  |  | $ | 479 |  |  | $ | 467 |  |  | $ | 432 |  |  |

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