Goodwill and Other Intangible Assets, Net (Tables)

9 Months Ended

Sep. 30, 2020

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of Movements in 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

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(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.

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.

Schedule of Other Intangible Assets, Net

Other intangible assets, net consisted of the following amounts: 

	September 30,		December 31,
(DOLLARS IN THOUSANDS)	2020		2019
Asset Type
Customer relationships	$	2,639,670	$	2,653,446
Trade names & patents	180,173		178,968
Technological know-how	466,154		468,256
Other	2,489		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)
Other	299		(24,568)
Total accumulated amortization	(613,004)		(489,097)
Other intangible assets, net	$	2,675,482	$	2,851,935

Schedule of Finite-Lived Intangible Assets, Future Amortization Expense

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

(DOLLARS IN THOUSANDS)	2020		2021		2022		2023		2024
Estimated future intangible amortization expense	$	48,270	$	190,415	$	186,485	$	186,368	$	186,368