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Goodwill and Other Intangible Assets, Net (Tables)
 12 Months Ended
Dec. 31, 2020
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Goodwill by Operating Segment
Goodwill
Movements in goodwill during the years ended December 31, 2018, 2019 and 2020 were as follows:
(DOLLARS IN THOUSANDS)Goodwill
Balance at January 1, 2018$1,156,288 
Acquisitions(a)
4,253,541 
Disposals(19,069)
Foreign exchange(12,372)
Balance at December 31, 20185,378,388 
Acquisitions(b)
98,411 
Frutarom measurement period adjustment30,876 
Foreign exchange(10,079)
Balance at December 31, 20195,497,596 
Measurement period adjustments(c)
(15,283)
Foreign exchange110,939 
Balance at December 31, 2020$5,593,252 
_______________________ 
(a)Primarily relates to the Company's acquisition of Frutarom.
(b)Additions primarily relate to the 2019 Acquisition Activity. See Note 3 for details.
(c)Measurement period adjustments relate to adjustments recorded in connection with completing the purchase price allocation related to the 2019 Acquisition Activity. See Note 3 for details.
Reallocation of goodwill
In the first quarter of 2020, in connection with the reorganization of the Company's reporting structure, certain entities were moved between reporting units. As a result of the movements, Goodwill was reallocated between reporting units as follows:
(DOLLARS IN THOUSANDS)Increase (decrease) to Goodwill
Cosmetic Active Ingredients85,235 
Natural Product Solutions(57,102)
Fine Ingredients (25,256)
Taste(2,877)
Total— 
See Note 15 for further information on the reorganization.
Goodwill by segment was as follows: 
December 31,
(DOLLARS IN THOUSANDS)20202019
Taste$4,859,531 $4,788,988 
Scent733,721 708,608 
Total$5,593,252 $5,497,596 
Schedule of Other Intangible Assets
Other intangible assets, net consisted of the following amounts:
 December 31,
(DOLLARS IN THOUSANDS)20202019
Asset Type
Customer relationships$2,728,100 $2,653,446 
Technological know-how479,254 468,256 
Trade names & patents186,716 178,968 
Other38,431 40,362 
Total carrying value 3,432,501 3,341,032 
Accumulated Amortization
Customer relationships(470,514)(302,047)
Technological know-how(168,069)(135,269)
Trade names & patents(37,935)(27,213)
Other(28,808)(24,568)
Total accumulated amortization(705,326)(489,097)
Other intangible assets, net$2,727,175 $2,851,935 
Schedule of Finite-Lived Intangible Assets, Future Amortization Expense Amortization expense for the next five years and thereafter, based on valuations and determinations of useful lives, is expected to be as follows:
December 31,
(DOLLARS IN THOUSANDS)20212022202320242025
Estimated future intangible amortization expense$196,358 $192,303 $192,180 $192,180 $191,679