Acquisitions (Tables)

12 Months Ended

Dec. 31, 2018

Business Combinations [Abstract]

Schedule of purchase price, business acquisition

The following table summarizes the aggregate purchase price consideration paid to acquire Frutarom (in thousands, except share and per share data):

Frutarom’s shares outstanding as of the Closing	59,576,323
Cash consideration per share	71.19
Total cash paid to shareholders of Frutarom	$	4,241,238
Cash paid to vested stock option holders	19,229
Cash in escrow for unvested stock option holders	7,048
Cash paid for closing dividend	21,065
Cash in lieu of fractional shares	15
Cash portion of the purchase consideration	$	4,288,595
Frutarom’s shares outstanding as of the Closing	59,576,323
Exchange ratio	0.249
Total common shares of IFF issued	14,834,504
IFF’s share price as of the Closing	137.39
Total equity consideration paid to shareholders of Frutarom	2,038,113
Equity consideration paid to vested stock Frutarom option holders (representing 67,046 shares)	9,211
Equity portion of purchase consideration	$	2,047,324
Repayment of existing credit facilities of Frutarom	694,975
Total purchase consideration	$	7,030,894

Schedule of assets acquired and liabilities assumed

The following table summarizes the preliminary estimated fair values of the assets acquired and liabilities assumed (in thousands).

Cash and cash equivalents	$	140,747
Other current assets	699,627
Identifiable intangible assets	2,690,000
Other assets	353,710
Equity method investments	25,791
Current liabilities	(311,325		)
Debt assumed	(77,037		)
Other liabilities	(632,488		)
Redeemable noncontrolling interest	(97,510		)
Noncontrolling interest	(3,700		)
Excess attributable to Goodwill	4,243,079
Total Purchase Consideration	$	7,030,894

Schedule of intangible assets acquired

The preliminary amounts of the components of intangible assets have been recorded as follows:

(IN THOUSANDS)	Estimated Amounts		Weighted-Average Useful Life
Intangible assets with finite lives:
Product formula	$	290,000	10 to 12 years
Customer relationships	2,260,000		18 to 23 years
Trade names	140,000		23 to 26 years
Total	$	2,690,000

Unaudited pro forma information

The unaudited pro forma results for the years ended December 31, 2018 and December 31, 2017 is as follows:

	Year Ended December 31,
(IN THOUSANDS)	2018		2017
Unaudited pro forma net sales	$	5,135,906	$	4,761,115
Unaudited pro forma net income attributable to the Company	474,498		240,784