Goodwill and Other Intangible Assets, Net (Tables)

6 Months Ended

Jun. 30, 2022

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of Movements in Goodwill

Movements in goodwill attributable to each reportable segment for the six months ended June 30, 2022 were as follows:

(DOLLARS IN MILLIONS)	Nourish		Health & Biosciences		Scent		Pharma Solutions		Total
Balance at December 31, 2021	$	6,555	$	6,749	$	1,828	$	1,282	$	16,414
Acquisitions	—		45		—		—		45
Transferred to assets held for sale	—		11		—		—		11
Foreign exchange	(131)		(179)		(42)		(47)		(399)
Balance at June 30, 2022	$	6,424	$	6,626	$	1,786	$	1,235	$	16,071

Schedule of Other Intangible Assets, Net

Other intangible assets, net consisted of the following amounts:

	June 30,		December 31,
(DOLLARS IN MILLIONS)	2022		2021
Asset Type
Customer relationships	$	8,794	$	8,935
Technological know-how	2,430		2,494
Trade names & patents	399		411
Other	48		50
Total carrying value	11,671		11,890
Accumulated Amortization
Customer relationships	(1,162)		(887)
Technological know-how	(505)		(388)
Trade names & patents	(90)		(68)
Other	(47)		(41)
Total accumulated amortization	(1,804)		(1,384)
Other intangible assets, net	$	9,867	$	10,506

Schedule of Finite-Lived Intangible Assets, Future Amortization Expense

Amortization expense for the next five years is expected to be as follows:

(DOLLARS IN MILLIONS)	2022		2023		2024		2025		2026
Estimated future intangible amortization expense	$	372	$	738	$	737	$	734	$	732