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Restructuring and Other Charges (Tables)

12 Months Ended

Dec. 31, 2024

Restructuring and Related Activities [Abstract]

Movements in Restructuring and Related Accruals

Changes in restructuring liabilities during 2022, 2023 and 2024 were as follows:

(DOLLARS IN MILLIONS)			Balance at January 1, 2022						Additional Charges (Reversals), Net						Non-Cash Charges						Cash Payments						Balance at December 31, 2022
Frutarom Integration Initiative
Severance			$	5					$	1					$	—					$	(2)					$	4
Fixed asset write down			—						3						(3)						—						—
Other(1)			3						(2)						—						(1)						—
2019 Severance Program
Severance			5						(5)						—						—						—
Other Restructuring Charges
Severance			1						—						—						—						1
N&B Merger Restructuring Liability
Severance			15						8						—						(14)						9
Other(2)			—						7						(2)						(4)						1
Total Restructuring and other charges			$	29					$	12					$	(5)					$	(21)					$	15

(DOLLARS IN MILLIONS)			Balance at January 1, 2023						Additional Charges (Reversals), Net						Non-Cash Charges						Cash Payments						Balance at December 31, 2023
Frutarom Integration Initiative
Severance			$	4					$	(3)					$	—					$	(1)					$	—
Other Restructuring Charges
Severance			1						(1)						—						—						—
N&B Merger Restructuring Liability
Severance			9						—						—						(9)						—
Other(2)			1						2						(2)						(1)						—
2023 Restructuring Program
Severance			—						70						—						(56)						14
Total Restructuring and other charges			$	15					$	68					$	(2)					$	(67)					$	14

(DOLLARS IN MILLIONS)			Balance at January 1, 2024						Additional Charges (Reversals), Net						Non-Cash Charges						Cash Payments												Balance at December 31, 2024
N&B Merger Restructuring Liability
Other(2)			$	—					$	2					$	(2)					$	—											$	—
2023 Restructuring Program
Severance			14						4						—						(18)												—
IFF Productivity Program
Severance			—						3						—						—												3
Fixed asset write down			—						20						(20)						—												—
Total Restructuring and other charges			$	14					$	29					$	(22)					$	(18)											$	3

_______________________

(1)Includes supplier contract termination costs, consulting and advisory fees.

(2)Includes lease impairment charges and losses incurred from restructuring activities related to the Merger with N&B.

Charges by Segment

The following table summarizes the total amount of costs incurred in connection with these restructuring programs and activities by segment:

			December 31,
(DOLLARS IN MILLIONS)			2024						2023						2022
Nourish			$	26					$	37					$	8
Health & Biosciences			1						13						2
Scent			1						15						1
Pharma Solutions			1						3						1
Total Restructuring and other charges			$	29					$	68					$	12

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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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