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Segment and Geographic Area Information (Tables) | 12 Months Ended
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Dec. 31, 2020
Segment Reporting [Abstract] |
Schedule of Net Sales by Segment | The table below reports net sales and operating profit by segment, as well as a reconciliation to income before income tax expense, for the last three years.
|  | Years Ended December 31,
(in thousands) |  | 2020 |  | 2019 |  | 2018
Net sales |  |  |  |  |  |
Petroleum additives |  |  |  |  |  |
Lubricant additives |  | $ | 1,686,649 |  |  | $ | 1,778,473 |  |  | $ | 1,870,803 |
Fuel additives |  | 314,918 |  |  | 397,431 |  |  | 410,000 |
Total |  | 2,001,567 |  |  | 2,175,904 |  |  | 2,280,803 |
All other |  | 9,364 |  |  | 14,391 |  |  | 8,872 |
Net sales (a) |  | $ | 2,010,931 |  |  | $ | 2,190,295 |  |  | $ | 2,289,675 |
Segment operating profit |  |  |  |  |  |
Petroleum additives |  | $ | 333,241 |  |  | $ | 359,228 |  |  | $ | 311,019 |
All other |  | (100) |  |  | (1,562) |  |  | (3,256) |
Segment operating profit |  | 333,141 |  |  | 357,666 |  |  | 307,763 |
Corporate, general, and administrative expenses |  | (21,744) |  |  | (20,345) |  |  | (19,651) |
Interest and financing expenses, net |  | (26,328) |  |  | (29,241) |  |  | (26,723) |
Other income (expense), net |  | 46,218 |  |  | 23,510 |  |  | 28,896 |
Income before income tax expense |  | $ | 331,287 |  |  | $ | 331,590 |  |  | $ | 290,285 |
(a)No single customer accounted for 10% or more of our total net sales in 2020, 2019, or 2018.
Schedule Of Segment Operating Profit | The table below reports net sales and operating profit by segment, as well as a reconciliation to income before income tax expense, for the last three years.
|  | Years Ended December 31,
(in thousands) |  | 2020 |  | 2019 |  | 2018
Net sales |  |  |  |  |  |
Petroleum additives |  |  |  |  |  |
Lubricant additives |  | $ | 1,686,649 |  |  | $ | 1,778,473 |  |  | $ | 1,870,803 |
Fuel additives |  | 314,918 |  |  | 397,431 |  |  | 410,000 |
Total |  | 2,001,567 |  |  | 2,175,904 |  |  | 2,280,803 |
All other |  | 9,364 |  |  | 14,391 |  |  | 8,872 |
Net sales (a) |  | $ | 2,010,931 |  |  | $ | 2,190,295 |  |  | $ | 2,289,675 |
Segment operating profit |  |  |  |  |  |
Petroleum additives |  | $ | 333,241 |  |  | $ | 359,228 |  |  | $ | 311,019 |
All other |  | (100) |  |  | (1,562) |  |  | (3,256) |
Segment operating profit |  | 333,141 |  |  | 357,666 |  |  | 307,763 |
Corporate, general, and administrative expenses |  | (21,744) |  |  | (20,345) |  |  | (19,651) |
Interest and financing expenses, net |  | (26,328) |  |  | (29,241) |  |  | (26,723) |
Other income (expense), net |  | 46,218 |  |  | 23,510 |  |  | 28,896 |
Income before income tax expense |  | $ | 331,287 |  |  | $ | 331,590 |  |  | $ | 290,285 |
(a)No single customer accounted for 10% or more of our total net sales in 2020, 2019, or 2018.
Schedule Of Asset Information By Segment | The following tables show asset information by segment and the reconciliation to consolidated assets. Segment assets consist of accounts receivable, inventory, and long-lived assets. Long-lived assets included in the petroleum additives segment amounts in the table below include property, plant, and equipment (net of depreciation), intangibles (net of amortization) and goodwill, and lease right-of-use assets. The additions to long-lived assets include property, plant, and equipment for all years and lease right-of-use assets for 2020 and 2019.
|  | December 31,
(in thousands) |  | 2020 |  | 2019
Segment assets |  |  |  |
Petroleum additives |  | $ | 1,557,834 |  |  | $ | 1,506,690 |
All other |  | 18,383 |  |  | 14,519 |
|  | 1,576,217 |  |  | 1,521,209 |
Cash and cash equivalents |  | 125,172 |  |  | 144,397 |
Other accounts receivable |  | 13,566 |  |  | 6,068 |
Prepaid expenses and other current assets |  | 35,480 |  |  | 33,237 |
Non-segment property, plant, and equipment, net |  | 31,839 |  |  | 34,648 |
Prepaid pension cost |  | 137,069 |  |  | 133,848 |
Lease right-of-use assets |  | 198 |  |  | 302 |
Deferred charges and other assets |  | 14,334 |  |  | 11,423 |
Total assets |  | $ | 1,933,875 |  |  | $ | 1,885,132 |
Additions To Long-lived Assets And Depreciation And Amortization By Segment |
|  | Years Ended December 31,
(in thousands) |  | 2020 |  | 2019 |  | 2018
Additions to long-lived assets |  |  |  |  |  |
Petroleum additives |  | $ | 109,536 |  |  | $ | 85,711 |  |  | $ | 72,829 |
All other |  | 3 |  |  | 28 |  |  | 0 |
Corporate |  | 2,453 |  |  | 3,076 |  |  | 1,809 |
Total additions to long-lived assets |  | $ | 111,992 |  |  | $ | 88,815 |  |  | $ | 74,638 |
Depreciation and amortization |  |  |  |  |  |
Petroleum additives |  | $ | 80,811 |  |  | $ | 84,872 |  |  | $ | 69,029 |
All other |  | 52 |  |  | 52 |  |  | 11 |
Corporate |  | 3,139 |  |  | 2,636 |  |  | 2,719 |
Total depreciation and amortization |  | $ | 84,002 |  |  | $ | 87,560 |  |  | $ | 71,759 |
Schedule Of Net Sales, Total Assets, And Long-Lived Assets By Geographic Area | The tables below report net sales, total assets, and long-lived assets by geographic area, as well as by country for those countries with significant net sales or long-lived assets. Since our foreign operations are significant to our overall business, we are also presenting net sales in the table below by the major regions in which we operate. NewMarket assigns net sales to geographic areas based on the location to which the product was shipped to a third party. Long-lived assets in the table below include property, plant, and equipment, net of depreciation, and lease right-of-use assets.
|  | Years Ended December 31,
(in thousands) |  | 2020 |  | 2019 |  | 2018
Net sales |  |  |  |  |  |
United States |  | $ | 650,654 |  |  | $ | 728,125 |  |  | $ | 722,576 |
China |  | 213,788 |  |  | 225,498 |  |  | 239,406 |
Europe, Middle East, Africa, India |  | 651,645 |  |  | 700,081 |  |  | 756,258 |
Asia Pacific, except China |  | 279,847 |  |  | 311,469 |  |  | 335,119 |
Other foreign |  | 214,997 |  |  | 225,122 |  |  | 236,316 |
Net sales |  | $ | 2,010,931 |  |  | $ | 2,190,295 |  |  | $ | 2,289,675 |
|  | December 31,
(in thousands) |  | 2020 |  | 2019
Total assets |  |  |  |
United States |  | $ | 763,642 |  |  | $ | 728,571 |
Foreign |  | 1,170,233 |  |  | 1,156,561 |
Total assets |  | $ | 1,933,875 |  |  | $ | 1,885,132 |
Long-lived assets |  |  |  |
United States |  | $ | 312,586 |  |  | $ | 275,646 |
Singapore |  | 271,135 |  |  | 287,276 |
Other foreign |  | 153,529 |  |  | 145,862 |
Total long-lived assets |  | $ | 737,250 |  |  | $ | 708,784 |

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