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Goodwill and Other Intangible Assets, Net Goodwill and Other Intangible Assets, Net (Notes)
 9 Months Ended
Sep. 30, 2020
Goodwill and Intangible Assets Disclosure [Abstract]  
Goodwill and Other Intangible Assets, Net GOODWILL AND OTHER INTANGIBLE ASSETS, NET
Goodwill
Movements in goodwill during 2020 were as follows:
(DOLLARS IN THOUSANDS)Goodwill
Balance at December 31, 2019$5,497,596 
Measurement period adjustments(1)
(15,283)
Foreign exchange(54,831)
Balance at September 30, 2020$5,427,482 
_______________________ 
(1)Measurement period adjustments relate to adjustments recorded in connection with completing the purchase price allocation related to the 2019 Acquisition Activity. See Note 3 for details.
Reallocation of goodwill
    In the first quarter of 2020, in connection with the reorganization of the Company's reporting structure, certain entities were moved between reporting units. As a result of the movements, Goodwill was reallocated between reporting units as follows:
(DOLLARS IN THOUSANDS)Increase (decrease) to Goodwill
Cosmetic Active Ingredients$85,235 
Natural Product Solutions(57,102)
Fine Ingredients(25,256)
Taste (2,877)
Total$— 
See Note 10 for further information on the reorganization.
Other Intangible Assets
Other intangible assets, net consisted of the following amounts: 
September 30,December 31,
(DOLLARS IN THOUSANDS)20202019
Asset Type
Customer relationships$2,639,670 $2,653,446 
Trade names & patents180,173 178,968 
Technological know-how466,154 468,256 
Other2,489 40,362 
Total carrying value 3,288,486 3,341,032 
Accumulated Amortization
Customer relationships(422,395)(302,047)
Trade names & patents(35,015)(27,213)
Technological know-how(155,893)(135,269)
Other299 (24,568)
Total accumulated amortization(613,004)(489,097)
Other intangible assets, net$2,675,482 $2,851,935 
 
Amortization
Amortization expense was $47.7 million and $48.4 million for the three months ended September 30, 2020 and 2019, respectively and $144.9 million and $144.0 million for the nine months ended September 30, 2020 and 2019, respectively.
Amortization expense for the next five years is expected to be as follows:
(DOLLARS IN THOUSANDS)20202021202220232024
Estimated future intangible amortization expense$48,270 $190,415 $186,485 $186,368 $186,368 

Potential COVID-19 Impact
Although IFF does not currently anticipate any impairment charges related to COVID-19, the continuing effects of a prolonged pandemic could result in increased risk of asset write-downs and impairments to goodwill and intangibles. Either of these events could potentially result in a material adverse impact on IFF’s business and results of operations.