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Segment Information (Tables)
6 Months Ended
Jun. 30, 2020
Segment Reporting [Abstract]  
Reportable Segment Information
 Three Months EndedSix Months Ended
June 30,June 30,
(DOLLARS IN THOUSANDS)2020201920202019
Net sales:
Taste$748,324  $811,319  $1,578,646  $1,616,121  
Scent450,449  480,249  967,444  972,849  
Consolidated$1,198,773  $1,291,568  $2,546,090  $2,588,970  
Segment profit:
Taste$107,276  $130,623  $244,623  $262,025  
Scent70,373  94,214  175,768  184,167  
Global expenses(19,549) (10,905) (39,942) (27,572) 
Operational Improvement Initiatives (a)—  (534) —  (940) 
Frutarom Integration Related Costs (b)(3,283) (11,417) (6,933) (26,314) 
Restructuring and Other Charges, net (c)(1,884) (2,525) (6,802) (18,699) 
Losses on sale of assets (399) (952) (1,153) (764) 
Frutarom Acquisition Related Costs (d)239  1,433  (574) (8,096) 
Compliance Review & Legal Defense Costs (e)25  —  (624) —  
N&B Transaction Related Costs (f)(10,926) —  (16,125) —  
N&B Integration Related Costs (g)(22,502) —  (32,646) —  
Operating profit119,370  199,937  315,592  363,807  
Interest expense(32,062) (32,593) (64,202) (69,165) 
Other income, net15,757  2,137  5,183  9,415  
Income before taxes$103,065  $169,481  $256,573  $304,057  
(a)Represents accelerated depreciation related to a plant relocation in India and China.
(b)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.
(c)For 2020, represents costs primarily related to the Frutarom Integration Initiative. For 2019, represents costs primarily related to the 2019 Severance Program.
(d)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, including an adjustment to reverse an earnout liability in the second quarter of 2020. For 2019, amount primarily includes amortization for inventory "step-up" costs and transaction costs, offset by a reduction in contingent consideration included in Selling and administrative expense.
(e)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.
(f)Represents transaction costs and expenses related to the pending transaction with N&B, principally related to legal and professional fees for capital raising activities.
(g)Represents costs primarily related to advisory services for the integration of the pending transaction with N&B, principally consulting fees.
Net Sales by Destination of Product Delivery
Net sales, which are attributed to individual regions based upon the destination of product delivery, were as follows:
 Three Months Ended June 30,Six Months Ended June 30,
(DOLLARS IN THOUSANDS)2020201920202019
Europe, Africa and Middle East$463,320  $528,094  $1,006,450  $1,057,700  
Greater Asia275,313  293,257  584,821  581,219  
North America300,521  293,918  603,908  594,977  
Latin America159,619  176,299  350,911  355,074  
Consolidated$1,198,773  $1,291,568  $2,546,090  $2,588,970  
 Three Months Ended June 30,Six Months Ended June 30,
(DOLLARS IN THOUSANDS)2020201920202019
Net sales related to the U.S.$267,756  $268,302  $538,442  $541,105  
Net sales attributed to all foreign countries931,017  1,023,266  2,007,648  2,047,865