Goodwill and Other Intangible Assets, Net (Tables)

9 Months Ended

Sep. 30, 2019

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of Movements in Goodwill

Movements in goodwill during 2019 were as follows:

(DOLLARS IN THOUSANDS)	Goodwill
Balance at December 31, 2018	$	5,378,388
Acquisitions(1)	98,094
Frutarom measurement period adjustment	30,878
Foreign exchange	(125,913		)
Balance at September 30, 2019	$	5,381,447

_______________________ 

(1)

Additions relate to the 2019 Acquisition Activity. See Note 3 for details.

Schedule of Other Intangible Assets, Net

Other intangible assets, net consisted of the following amounts: 

	September 30,			December 31,
(DOLLARS IN THOUSANDS)	2019			2018
Asset Type
Customer relationships	$	2,584,701		$	2,658,659
Trade names & patents	173,319			177,770
Technological know-how	462,113			451,016
Other	36,325			43,766
Total carrying value	3,256,458			3,331,211
Accumulated Amortization
Customer relationships	(265,396		)	(156,906		)
Trade names & patents	(25,288		)	(19,593		)
Technological know-how	(125,100		)	(93,051		)
Other	(10,743		)	(22,339		)
Total accumulated amortization	(426,527		)	(291,889		)
Other intangible assets, net	$	2,829,931		$	3,039,322

Schedule of Finite-Lived Intangible Assets, Future Amortization Expense

Amortization expense for the next five years and thereafter is expected to be as follows:

(DOLLARS IN THOUSANDS)	2019		2020		2021		2022		2023
Estimated future intangible amortization expense	$	48,127	$	186,272	$	181,441	$	177,583	$	177,473