Segment Information

3 Months Ended

Mar. 31, 2012

Segment Information [Abstract]

Segment Information

Note 8. Segment Information:

The Company is organized into two operating segments: Flavors and Fragrances. These segments align with the internal structure used to manage these businesses. Performance of these operating segments is evaluated based on profit before restructuring and other charges, net, Interest expense, Other (income) expense, net and Taxes on income.

The Global caption represents corporate and headquarters-related expenses which include legal, finance, human resources, certain incentive compensation expenses and other R&D and administrative expenses that are not allocated to individual operating segments.

Reportable segment information is as follows:

	Three months Ended March 31,
(DOLLARS IN THOUSANDS)	2012			2011
Net sales:
Flavors	$	349,887		$	338,587
Fragrances		360,729			375,684
Consolidated	$	710,616		$	714,271
Segment profit:
Flavors	$	79,680		$	78,954
Fragrances		56,081			68,704
Global		(13,186	)		(14,273	)
Restructuring and other charges, net		(1,668	)		(28	)
Operating profit		120,907			133,357
Interest expense		(10,811	)		(11,680	)
Other income (expense), net		246			(6,056	)
Income before taxes	$	110,342		$	115,621

The 2011 amounts have been conformed to the 2012 presentation.

Net sales are attributed to individual regions based upon the destination of product delivery. Net sales related to the U.S. for the three months ended March 31, 2012 and 2011 were $167.7 million and $162.7 million, respectively. Net sales attributed to all foreign countries in total for the three months ended March 31, 2012 and 2011 were $542.9 million and $551.6 million, respectively. No non-U.S. country had net sales in any period presented greater than 7% of total consolidated net sales.