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Goodwill and Other Intangible Assets, Net (Tables)
12 Months Ended
Dec. 31, 2019
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Goodwill by Operating Segment
Goodwill
Movements in goodwill during the years ended December 31, 2017, 2018 and 2019 were as follows:
(DOLLARS IN THOUSANDS)
Goodwill
Balance at January 1, 2017
$
1,000,123

Acquisitions
87,865

Foreign exchange
32,920

Other(a)
35,380

Balance at December 31, 2017
1,156,288

Acquisitions(b)
4,253,541

Disposals
(19,069
)
Foreign exchange
(12,372
)
Balance at December 31, 2018
5,378,388

Acquisitions(c)
98,411

Frutarom measurement period adjustment
30,876

Foreign exchange
(10,079
)
Balance at December 31, 2019
$
5,497,596

_______________________ 
(a)
Other above principally represents the increase to Goodwill associated with the update of certain customer relationship assumptions in the final purchase price allocation of David Michael.
(b)
Primarily relates to the Company's acquisition of Frutarom.
(c)
Additions primarily relate to the 2019 Acquisition Activity. See Note 3 for details.
Goodwill by segment was as follows: 
 
December 31,
(DOLLARS IN THOUSANDS)
2019
 
2018
Taste
$
527,785

 
$
525,060

Scent
623,373

 
618,878

Frutarom
4,346,438

 
4,224,010

Unallocated

 
10,440

Total
$
5,497,596

 
$
5,378,388


Schedule of Reporting Units Based On Assumptions
Using the income approach and holding other assumptions constant, the following table provides the impact on the headroom by hypothetically changing key assumptions on a standalone basis for the Company's Savory and Taste reporting units as of November 30, 2019:
 
Goodwill
 
Key Assumptions
 
Existing Headroom
 
Resulting Headroom
(DOLLARS IN MILLIONS)
 
Discount Rate
 
Terminal Growth
 
 
50 bps Increase in Discount Rate
 
50 bps Decline in Terminal Growth
Savory
$
1,205

 
7.5
%
 
3.0
%
 
8.3
%
 
(3.4
)%
 
(0.3
)%
Taste
1,662

 
7.5
%
 
3.0
%
 
7.5
%
 
(3.6
)%
 
(0.9
)%

Schedule of Other Intangible Assets
Other intangible assets, net consisted of the following amounts:
 
December 31,
(DOLLARS IN THOUSANDS)
2019
 
2018
Asset Type
 
 
 
Customer relationships
$
2,653,446

 
$
2,658,659

Technological know-how
468,256

 
451,016

Trade names & patents
178,968

 
177,770

Other
40,362

 
43,766

Total carrying value
3,341,032

 
3,331,211

Accumulated Amortization
 
 
 
Customer relationships
(302,047
)
 
(156,906
)
Technological know-how
(135,269
)
 
(93,051
)
Trade names & patents
(27,213
)
 
(19,593
)
Other
(24,568
)
 
(22,339
)
Total accumulated amortization
(489,097
)
 
(291,889
)
Other intangible assets, net
$
2,851,935

 
$
3,039,322


Schedule of Finite-Lived Intangible Assets, Future Amortization Expense Amortization expense for the next five years and thereafter, based on preliminary valuations and determinations of useful lives, is expected to be as follows:
 
December 31,
(DOLLARS IN THOUSANDS)
2020
 
2021
 
2022
 
2023
 
2024
Estimated future intangible amortization expense
$
189,896

 
$
185,510

 
$
181,698

 
$
181,586

 
$
181,586