v3.26.3
Goodwill and Other Intangible Assets, Net Goodwill and Other Intangible Assets, Net
 9 Months Ended
Sep. 30, 2026
Intangible Asset, Goodwill and Other [Abstract]  
Goodwill and Other Intangible Assets, Net GOODWILL AND OTHER INTANGIBLE ASSETS, NET
Goodwill
Movements in goodwill attributable to each reportable segment for the nine months ended September 30, 2026 were as follows:
(DOLLARS IN MILLIONS)TasteScent
Health & Biosciences
Total
Balance at January 1, 2026$2,296 $1,508 $4,422 $8,226 
Transferred to assets held for sale(1)
(7)(8)(30)(45)
Foreign exchange(39)(16)(43)(98)
Balance at September 30, 2026$2,250 $1,484 $4,349 $8,083 
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(1)Recognized $23 million of impairment related to the Botanicals & Food Enhancements disposal group classified as held for sale as of September 30, 2026. See Note 4 for additional information.
Other Intangible Assets
Other intangible assets, net consisted of the following amounts:
September 30,December 31,
(DOLLARS IN MILLIONS)20262025
Asset Type
Customer relationships$4,249 $4,625 
Technological know-how1,306 1,354 
Trade names & patents154 170 
Other24 25 
Total carrying value 5,733 6,174 
Accumulated Amortization
Customer relationships(1,520)(1,507)
Technological know-how(628)(592)
Trade names & patents(94)(90)
Other(21)(21)
Total accumulated amortization(2,263)(2,210)
Other intangible assets, net$3,470 $3,964 
Amortization
Amortization expense was $78 million and $84 million for the three months ended September 30, 2026 and 2025, respectively, and $244 million and $246 million for the nine months ended September 30, 2026 and 2025, 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 20262027202820292030
Estimated future intangible amortization expense$78 $310 $305 $280 $277