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Segment Information (Tables)

12 Months Ended

Dec. 31, 2020

Segment Reporting [Abstract]

Reportable Segment Information

Reportable segment information is as follows:

			December 31,
(DOLLARS IN THOUSANDS)			2020						2019						2018
Net sales
Taste			$	3,109,781					$	3,200,520					$	2,091,635
Scent			1,974,458						1,939,564						1,885,904
Consolidated			$	5,084,239					$	5,140,084					$	3,977,539

			December 31,
(DOLLARS IN THOUSANDS)			2020						2019
Segment assets
Taste			$	10,356,936					$	10,319,779
Scent			3,056,211						2,757,491
Global assets			142,524						210,141
Consolidated			$	13,555,671					$	13,287,411

			December 31,
(DOLLARS IN THOUSANDS)			2020						2019						2018
Segment profit:
Taste			$	436,387					$	482,394					$	419,264
Scent			357,281						349,445						325,901
Global expenses			(63,982)						(38,759)						(67,799)
Operational Improvement Initiatives (a)			—						(2,267)						(2,169)
Acquisition Related Costs (b)			—						—						1,289
Frutarom Integration Related Costs (c)			(9,849)						(55,160)						(7,188)
Restructuring and Other Charges, net (d)			(17,295)						(29,765)						(4,086)
(Losses) gains on Sale of Assets			(3,784)						(2,367)						1,177
Employee Separation Costs (e)			(2,813)						—						—
FDA Mandated Product Recall (f)			—						(250)						7,125
Frutarom Acquisition Related Costs (g)			(1,465)						(5,940)						(89,632)
Compliance Review & Legal Defense Costs (h)			(3,278)						(11,314)						—
N&B Transaction Related Costs (i)			(28,100)						(20,747)						—
N&B Integration Related Costs (j)			(96,618)						—						—
Operating Profit			566,484						665,270						583,882
Interest expense			(131,802)						(138,221)						(132,558)
Loss on extinguishment of debt			—						—						(38,810)
Other income, net			6,689						30,403						35,243
Income before taxes			$	441,371					$	557,452					$	447,757
Profit margin:
Taste			14.0		%				15.1		%				20.0		%
Scent			18.1		%				18.0		%				17.3		%
Consolidated			11.1		%				12.9		%				14.7		%

(a)			Represents accelerated depreciation related to plant relocations in India and China.
(b)			Represents adjustments to the fair value for an equity method investment in Canada which we began consolidating in the second quarter of 2019.
(c)			Represents costs related to the integration of the Frutarom acquisition. For 2020, costs primarily related to advisory services, retention bonuses and performance stock awards. For 2019, costs principally related to advisory services.
(d)			For 2020, represents costs primarily related to the Frutarom Integration Initiative. For 2019, represents costs primarily related to the Frutarom Integration Initiative and the 2019 Severance Program.

(e)			Represents costs related to severance liabilities for two executives who have announced their retirement.
(f)			Represents additional claims that management paid to co-packers.
(g)			Represents transaction-related costs and expenses related to the acquisition of Frutarom. For 2020, amount primarily includes earn-out payments, net of adjustments, amortization for inventory "step-up" costs and transaction costs principally related to the 2019 Acquisition Activity. For 2019, amount primarily includes amortization for inventory "step-up" costs and transaction costs.
(h)			Costs related to reviewing the nature of inappropriate payments and review of compliance in certain other countries. In addition, includes legal costs for related shareholder lawsuits.
(i)			Represents transaction costs and expenses related to the transaction with N&B, principally related to legal and professional fees for capital raising activities.
(j)			Represents costs primarily related to advisory services for the integration of the transaction with N&B, principally consulting fees.

			Capital Expenditures																		Depreciation and Amortization
(DOLLARS IN THOUSANDS)			2020						2019						2018						2020						2019						2018
Taste			$	107,322					$	135,421					$	82,712					$	244,704					$	247,791					$	101,224
Scent			77,192						92,279						82,400						73,801						69,225						65,066
Global assets			7,280						8,278						4,982						6,855						6,314						7,502
Consolidated			$	191,794					$	235,978					$	170,094					$	325,360					$	323,330					$	173,792

Net Sales by Geographic Area

			Net Sales by Geographic Area
(DOLLARS IN THOUSANDS)			2020						2019						2018
Europe, Africa and Middle East			$	1,987,398					$	2,081,758					$	1,396,316
Greater Asia			1,161,660						1,162,992						991,015
North America			1,228,243						1,170,497						1,010,126
Latin America			706,938						724,837						580,082
Consolidated			$	5,084,239					$	5,140,084					$	3,977,539

			Net Sales by Geographic Area
(DOLLARS IN THOUSANDS)			2020						2019						2018
Net sales related to the U.S.			$	1,093,031					$	1,052,654					$	952,550
Net sales attributed to all foreign countries			3,991,208						4,087,430						3,024,989

X

- Definition

Tabular disclosure of revenue from external customers by geographic areas attributed to the entity's country of domicile and to foreign countries from which the entity derives revenue.

+ References

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Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss.

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