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Goodwill and Other Intangible Assets, Net (Tables) | 6 Months Ended
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Jun. 30, 2019
Goodwill and Intangible Assets Disclosure [Abstract] |
Schedule of Movements in Goodwill | Movements in goodwill during 2019 were as follows:
(DOLLARS IN THOUSANDS) | Goodwill
Balance at December 31, 2018 | $ | 5,378,388 |
Acquisitions(1) | 86,702 |
Frutarom measurement period adjustment | 40,857 |
Foreign exchange | 370 |
Balance at June 30, 2019 | $ | 5,506,317 |
_______________________ (1) Additions relate to the 2019 Acquisition Activity. See Note 3 for details.
Schedule of Other Intangible Assets, Net | Other intangible assets, net consisted of the following amounts:
| June 30, |  | December 31,
(DOLLARS IN THOUSANDS) | 2019 |  | 2018
Asset Type |  |  |
Customer relationships | $ | 2,650,432 |  |  | $ | 2,658,659 |
Trade names & patents | 177,800 |  |  | 177,770 |
Technological know-how | 470,294 |  |  | 451,016 |
Other | 26,526 |  |  | 43,766 |
Total carrying value | 3,325,052 |  |  | 3,331,211 |
Accumulated Amortization |  |  |
Customer relationships | (229,103 | ) |  | (156,906 | )
Trade names & patents | (23,937 | ) |  | (19,593 | )
Technological know-how | (115,959 | ) |  | (93,051 | )
Other | (11,386 | ) |  | (22,339 | )
Total accumulated amortization | (380,385 | ) |  | (291,889 | )
Other intangible assets, net | $ | 2,944,667 |  |  | $ | 3,039,322 |
Schedule of Finite-Lived Intangible Assets, Future Amortization Expense | Amortization expense for the next five years and thereafter, based on preliminary valuations and determinations of useful lives, is expected to be as follows:
(DOLLARS IN THOUSANDS) | 2019 |  | 2020 |  | 2021 |  | 2022 |  | 2023
Estimated future intangible amortization expense | $ | 96,198 |  |  | $ | 185,650 |  |  | $ | 180,819 |  |  | $ | 176,863 |  |  | $ | 176,749 |

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