XML 62 R45.htm IDEA: XBRL DOCUMENT v3.25.0.1
Goodwill and Other Intangible Assets, Net (Tables)
 12 Months Ended
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)NourishHealth & BiosciencesScentPharma SolutionsTotal
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 Exchange72 56 12 26 166 
Balance at December 31, 20233,489 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)20242023
Asset Type
Customer relationships$7,004 $8,211 
Technological know-how1,937 2,355 
Trade names & patents268 337 
Other25 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)20252026202720282029
Estimated future intangible amortization expense$567 $564 $479 $467 $432