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Segment Information
 9 Months Ended
Sep. 30, 2013
Segment Reporting [Abstract]  
Segment Information
Segment Information:
The Company is organized into two operating segments: Flavors and Fragrances. These segments align with the internal structure of the Company used to manage these businesses. Performance of these operating segments is evaluated based on segment profit which is defined as operating profit before Restructuring and certain non-recurring items, Interest expense, Other expense, net and Taxes on income.
The Global expenses caption below represents corporate and headquarters-related expenses which include legal, finance, human resources, certain incentive compensation expenses and other R&D and administrative expenses that are not allocated to individual operating segments.
Reportable segment information is as follows:
 
 
Three Months Ended September 30,
 
Nine Months Ended September 30,
(DOLLARS IN THOUSANDS)
2013
 
2012
 
2013
 
2012
Net sales:
 
 
 
 
 
 
 
Flavors
$
349,385

 
$
340,674

 
$
1,079,786

 
$
1,051,932

Fragrances
392,871

 
368,281

 
1,147,941

 
1,088,956

Consolidated
$
742,256

 
$
708,955

 
$
2,227,727

 
$
2,140,888

Segment profit:
 
 
 
 
 
 
 
Flavors
$
81,101

 
$
76,145

 
$
254,055

 
$
236,458

Fragrances
81,309

 
65,331

 
221,577

 
185,049

Global expenses
(18,313
)
 
(7,301
)
 
(47,236
)
 
(32,450
)
Restructuring and other charges, net
—

 
—

 
(2,105
)
 
(1,668
)
Operational improvement initiative costs (1)
(2,568
)
 
—

 
(4,761
)
 
—

Operating profit
141,529

 
134,175

 
421,530

 
387,389

Interest expense
(11,625
)
 
(9,907
)
 
(35,637
)
 
(31,330
)
Other income, net (2)
4,080

 
(2,424
)
 
16,359

 
(1,333
)
Income before taxes
$
133,984

 
$
121,844

 
$
402,252

 
$
354,726


 
(1)
Operational improvement initiative costs relate to the closing of a smaller facility in Europe and certain manufacturing activities in Asia, while transferring production to larger facilities in each respective region.
(2)
Other income, net includes a $16.1 million gain on the sale of a non-operating asset for the nine months ended September 30, 2013.
Net sales are attributed to individual regions based upon the destination of product delivery. Net sales related to the U.S. for the three months ended September 30, 2013 and 2012 were $171 million in each respective period and for the nine months ended September 30, 2013 and 2012 were $504 million and $506 million, respectively. Net sales attributed to all foreign countries in total for the three months ended September 30, 2013 and 2012 were $571 million and $538 million, respectively and for the nine months ended September 30, 2013 and 2012 were $1,724 million and $1,635 million, respectively. No non-U.S. country had net sales in any period presented greater than 8% of total consolidated net sales.