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Segment Information
 9 Months Ended
Sep. 30, 2015
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 other charges, net, Global expenses (as discussed below) and certain non-recurring items, Interest expense, Other income (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)
2015
 
2014
 
2015
 
2014
Net sales:
 
 
 
 
 
 
 
Flavors
$
359,103

 
$
358,708

 
$
1,108,689

 
$
1,100,726

Fragrances
405,989

 
415,105

 
1,198,851

 
1,231,725

Consolidated
$
765,092

 
$
773,813

 
$
2,307,540

 
$
2,332,451

Segment profit:
 
 
 
 
 
 
 
Flavors
$
79,803

 
$
79,747

 
$
256,546

 
$
258,614

Fragrances
90,893

 
86,615

 
252,416

 
259,253

Global expenses
(6,874
)
 
(12,882
)
 
(27,067
)
 
(49,182
)
Restructuring and other charges, net
—

 
(608
)
 
170

 
(912
)
Acquisition and related costs (1)
(6,830
)
 
—

 
(13,896
)
 
—

Operational improvement initiative costs (2)
(279
)
 
(282
)
 
(841
)
 
(6,014
)
Operating profit
156,713

 
152,590

 
467,328

 
461,759

Interest expense
(11,855
)
 
(10,968
)
 
(34,357
)
 
(34,048
)
Other (expense) income, net
(1,959
)
 
563

 
3,315

 
3,761

Income before taxes
$
142,899

 
$
142,185

 
$
436,286

 
$
431,472


 
(1)
Acquisition and related costs are associated with the acquisitions of Ottens Flavors and Lucas Meyer as discussed in Note 3, including inventory step-up charges related to the inventory acquired.
(2)
Operational improvement initiative costs relate to the closing of a smaller facility in Europe in the 2014 period and certain manufacturing activities in Asia in both the 2015 and 2014 periods, while transferring production to larger facilities in each respective region.
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, 2015 and 2014 were $182 million and $162 million, respectively and for the nine months ended September 30, 2015 and 2014 were $520 million and $495 million, respectively. Net sales attributed to all foreign countries in total for the three months ended September 30, 2015 and 2014 were $583 million and $612 million, respectively and for the nine months ended September 30, 2015 and 2014 were $1,788 million and $1,837 million, respectively. No country other than the U.S. had net sales in any period presented greater than 9.0% of total consolidated net sales.