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Segment Information (Tables) | 6 Months Ended
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Jun. 30, 2019
Segment Reporting [Abstract] |
Reportable Segment Information |
| Three Months Ended |  | Six Months Ended
| June 30, |  | June 30,
(DOLLARS IN THOUSANDS) | 2019 |  | 2018 |  | 2019 |  | 2018
Net sales: |  |  |  |  |  |  |
Taste | $ | 434,179 |  |  | $ | 450,540 |  |  | $ | 878,781 |  |  | $ | 899,559 |
Scent | 475,671 |  |  | 469,476 |  |  | 964,023 |  |  | 951,385 |
Frutarom | 381,718 |  |  | — |  |  | 746,166 |  |  | — |
Consolidated | $ | 1,291,568 |  |  | $ | 920,016 |  |  | $ | 2,588,970 |  |  | $ | 1,850,944 |
Segment profit: |  |  |  |  |  |  |
Taste | $ | 98,081 |  |  | $ | 109,605 |  |  | $ | 206,536 |  |  | $ | 221,169 |
Scent | 91,244 |  |  | 80,780 |  |  | 177,059 |  |  | 174,056 |
Frutarom | 37,493 |  |  | — |  |  | 66,584 |  |  | — |
Global expenses | (12,886 | ) |  | (20,572 | ) |  | (31,559 | ) |  | (44,398 | )
Operational Improvement Initiatives (a) | (534 | ) |  | (403 | ) |  | (940 | ) |  | (1,429 | )
Acquisition Related Costs (b) | — |  |  | 4 |  |  | — |  |  | 518 |
Integration Related Costs (c) | (11,417 | ) |  | (993 | ) |  | (26,314 | ) |  | (993 | )
Restructuring and Other Charges, net (d) | (2,525 | ) |  | (193 | ) |  | (18,699 | ) |  | (910 | )
Losses on Sale of Assets | (952 | ) |  | (1,264 | ) |  | (764 | ) |  | (1,195 | )
FDA Mandated Product Recall (e) | — |  |  | — |  |  | — |  |  | (5,000 | )
Frutarom Acquisition Related Costs (f) | 1,433 |  |  | (12,455 | ) |  | (8,096 | ) |  | (12,455 | )
Operating profit | 199,937 |  |  | 154,509 |  |  | 363,807 |  |  | 329,363 |
Interest expense | (32,593 | ) |  | (53,246 | ) |  | (69,165 | ) |  | (69,841 | )
Other income (expense) | 2,137 |  |  | 20,655 |  |  | 9,415 |  |  | 21,232 |
Income before taxes | $ | 169,481 |  |  | $ | 121,918 |  |  | $ | 304,057 |  |  | $ | 280,754 |
(a) | Represents accelerated depreciation related to a plant relocation in India and China, as well as a lab closure in Taiwan for 2018.
(b) | For 2018, represents adjustments to the contingent consideration payable for PowderPure, and transaction costs related to Fragrance Resources and PowderPure within Selling and administrative expenses.
(c) | For 2019, represents costs related to the integration of the Frutarom acquisition, principally advisory services. For 2018, represents costs related to the integration of David Michael.
(d) | For 2019, represents severance costs related primarily to Scent. For 2018, represents severance costs related to the 2017 Productivity Program.
(e) | Represents losses related to the FDA mandated recall.
(f) | Represents transaction-related costs and expenses related to the acquisition of Frutarom, including adjustments that reduce the contingent consideration payable related to certain acquisitions made by Frutarom. For 2019, amount primarily includes $2.3 million of adjustments to the contingent consideration payable for the three months ended June 30, 2019 and $7.9 million of amortization for inventory "step-up" costs in the six months ended June 30, 2019. For 2018, amount includes $12.5 million of transaction costs included in administrative expenses.
Net Sales by Destination of Product Delivery | Net sales are attributed to individual regions based upon the destination of product delivery are as follows:
| Three Months Ended June 30, |  | Six Months Ended June 30,
(DOLLARS IN THOUSANDS) | 2019 |  | 2018 |  | 2019 |  | 2018
Europe, Africa and Middle East | $ | 528,094 |  |  | $ | 292,848 |  |  | $ | 1,057,700 |  |  | $ | 602,161 |
Greater Asia | 293,257 |  |  | 242,221 |  |  | 581,219 |  |  | 485,779 |
North America | 293,918 |  |  | 249,054 |  |  | 594,977 |  |  | 490,199 |
Latin America | 176,299 |  |  | 135,893 |  |  | 355,074 |  |  | 272,805 |
Consolidated | $ | 1,291,568 |  |  | $ | 920,016 |  |  | $ | 2,588,970 |  |  | $ | 1,850,944 |
Net sales related to the U.S. for the three months ended June 30, 2019 and 2018 were $268.3 million and $234.1 million, respectively and for the six months ended June 30, 2019 and 2018 were $541.1 million and $464.3 million, respectively. Net sales attributed to all foreign countries in total for the three months ended June 30, 2019 and 2018 were $1.0 billion and $685.9 million, respectively and for the six months ended June 30, 2019 and 2018 were $2.0 billion and $1.4 billion, respectively. No non-U.S. country had net sales in any period presented greater than 6% of total consolidated net sales.

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