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Goodwill and Other Intangible Assets, Net Goodwill and Other Intangible Assets, Net (Notes)
 3 Months Ended
Mar. 31, 2024
Goodwill and Intangible Assets Disclosure [Abstract]  
Goodwill and Other Intangible Assets, Net GOODWILL AND OTHER INTANGIBLE ASSETS, NET
Goodwill
Movements in goodwill attributable to each reportable segment for the three months ended March 31, 2024 were as follows:
(DOLLARS IN MILLIONS)NourishHealth & BiosciencesScentPharma SolutionsTotal
Balance at January 1, 2024$3,489 $4,391 $1,490 $1,265 $10,635 
Foreign exchange(35)(39)(8)(15)(97)
Balance at March 31, 2024$3,454 $4,352 $1,482 $1,250 $10,538 
The goodwill balances at January 1, 2024 and March 31, 2024 included $2.623 billion and $2.250 billion of accumulated impairment related to the Nourish and Health & Biosciences reportable segments, respectively. The accumulated impairment relates to impairment charges recorded in 2023 and 2022.
Other Intangible Assets
Other intangible assets, net consisted of the following amounts:
March 31,December 31,
(DOLLARS IN MILLIONS)20242023
Asset Type
Customer relationships$8,137 $8,211 
Technological know-how2,336 2,355 
Trade names & patents334 337 
Other44 44 
Total carrying value 10,851 10,947 
Accumulated Amortization
Customer relationships(1,708)(1,619)
Technological know-how(863)(813)
Trade names & patents(123)(117)
Other(41)(41)
Total accumulated amortization(2,735)(2,590)
Other intangible assets, net$8,116 $8,357 
Amortization
Amortization expense was $168 million and $171 million for the three months ended March 31, 2024 and 2023, respectively.
Amortization expense for the next five years, based on valuations and determinations of useful lives, is expected to be as follows:
(DOLLARS IN MILLIONS)Remainder of 20242025202620272028
Estimated future intangible amortization expense$502 $668 $666 $573 $559