International Flavors & Fragrances (IFF) 10-Q 9 May 16 2016 Q1 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	3 Months Ended
	Mar. 31, 2016	Apr. 26, 2016
Document And Entity Information [Abstract]
Entity Registrant Name	INTERNATIONAL FLAVORS & FRAGRANCES INC
Entity Central Index Key	51,253
Current Fiscal Year End Date	--12-31
Entity Filer Category	Large Accelerated Filer
Document Type	10-Q
Document Period End Date	Mar. 31, 2016
Document Fiscal Year Focus	2,016
Document Fiscal Period Focus	Q1
Amendment Flag	false
Entity Common Stock, Shares Outstanding		79,713,873

Consolidated Balance Sheet

Consolidated Balance Sheet - USD ($) $ in Thousands	Mar. 31, 2016	Dec. 31, 2015
Current Assets:
Cash and cash equivalents	$ 528,877	$ 181,988
Trade receivables (net of allowances of $8,477 and $8,229, respectively)	609,587	537,896
Inventories:
Raw materials	292,942	282,181
Work in process	15,832	17,450
Finished goods	291,922	289,388
Total Inventories	600,696	589,019
Prepaid expenses and other current assets	152,369	146,981
Total Current Assets	1,891,529	1,455,884
Property, plant and equipment, at cost	1,839,244	1,812,283
Accumulated depreciation	(1,105,305)	(1,079,489)
Total Property Plant and Equipment	733,939	732,794
Goodwill	951,177	941,389
Other intangible assets, net	302,088	306,004
Deferred income taxes	160,990	166,323
Other assets	122,737	119,060
Total Assets	4,162,460	3,721,454
Current Liabilities:
Bank borrowings and overdrafts and current portion of long-term debt	133,692	132,349
Accounts payable	276,929	302,473
Accrued payroll and bonus	39,603	48,843
Dividends payable	44,640	44,824
Other current liabilities	217,884	213,639
Total Current Liabilities	712,748	742,128
Long-term debt	1,369,955	937,844
DEFERRED GAIN	42,557	43,260
Retirement liabilities	243,690	242,383
Other liabilities	157,950	160,849
Total Other Liabilities	$ 1,814,152	$ 1,384,336
Commitments and Contingencies
Shareholders' Equity:
Common stock 12 1/2¢ par value; authorized 500,000,000 shares; issued 115,858,190 shares as of March 31, 2016 and December 31, 2015 and outstanding 79,777,759 and 80,022,291 shares as of March 31, 2016 and December 31, 2015	$ 14,470	$ 14,470
Capital in excess of par value	143,642	140,802
Retained earnings	3,678,219	3,604,254
Accumulated other comprehensive loss	(606,999)	(613,439)
Treasury stock, at cost - 36,080,431 shares as of March 31, 2016 and 35,835,899 shares as of December 31, 2015	(1,598,968)	(1,555,769)
Total Shareholders' Equity	1,630,364	1,590,318
Noncontrolling interest	5,196	4,672
Total Shareholders' Equity including noncontrolling interest	1,635,560	1,594,990
Total Liabilities and Shareholders' Equity	$ 4,162,460	$ 3,721,454

Consolidated Balance Sheet (Par

Consolidated Balance Sheet (Parenthetical) - USD ($) $ in Thousands	Mar. 31, 2016	Dec. 31, 2015
Statement of Financial Position [Abstract]
Trade receivables allowances	$ 8,477	$ 8,229
Common stock, par value, in dollars per share	$ 0.125	$ 0.125
Common stock, shares authorized	500,000,000	500,000,000
Common stock, shares issued	115,858,190	115,858,190
Common stock, shares outstanding	79,777,759	80,022,291
Treasury stock, shares at cost	36,080,431	35,835,899

Consolidated Statement Of Compr

Consolidated Statement Of Comprehensive Income - USD ($) shares in Thousands, $ in Thousands	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Income Statement [Abstract]
Net sales	$ 783,312	$ 774,907
Cost of goods sold	423,103	428,630
Gross profit	360,209	346,277
Research and development expenses	63,385	63,462
Selling and administrative expenses	123,543	118,995
Amortization of acquisition-related intangibles	6,061	1,840
Restructuring and other charges, net	0	187
Operating profit	167,220	161,793
Interest expense	12,478	11,095
Other income	(154)	(5,710)
Income before taxes	154,896	156,408
Taxes on income	36,293	28,150
Net income	118,603	128,258
Other comprehensive income, after tax:
Foreign currency translation adjustments	14,077	(50,515)
(Losses) gains on derivatives qualifying as hedges	(10,192)	12,083
Pension and postretirement net liability	2,555	5,547
Net current period other comprehensive income (loss)	6,440	(32,885)
Total comprehensive income	$ 125,043	$ 95,373
Net income per share - basic, in dollars per share	$ 1.48	$ 1.58
Net income per share - diluted, in dollars per share	$ 1.47	$ 1.57
Average number of shares outstanding - basic	79,666	80,654
Average number of shares outstanding - diluted	80,055	81,195
Dividends declared per share, in dollars per share	$ 0.56	$ 0.47

Consolidated Statement Of Cash

Consolidated Statement Of Cash Flows - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Cash flows from operating activities:
Net income	$ 118,603	$ 128,258
Adjustments to reconcile to net cash provided by operating activities:
Depreciation and amortization	26,697	19,985
Deferred income taxes	4,193	13,932
(Gain) loss on disposal of assets	(2,713)	34
Stock-based compensation	5,930	5,387
Pension contributions	(7,410)	(54,048)
Changes in assets and liabilities:
Trade receivables	(60,655)	(62,891)
Inventories	3,256	13,172
Accounts payable	(29,375)	4,618
Accruals for incentive compensation	(11,598)	(27,675)
Other current payables and accrued expenses	10,456	12,585
Other assets/liabilities, net	(25,769)	(21,881)
Net cash provided by operating activities	31,615	31,476
Cash flows from investing activities:
Additions to property, plant and equipment	(22,512)	(19,381)
Proceeds from disposal of assets	1,366	1,450
Net cash used in investing activities	(21,146)	(17,931)
Cash flows from financing activities:
Cash dividends paid to shareholders	(44,826)	(37,971)
Net change in revolving credit facility borrowings and overdrafts	(124,602)	265
Deferred financing costs	(4,796)	0
Proceeds from issuance of long-term debt	555,559	0
Loss on pre-issuance hedges	(3,244)	0
Proceeds from issuance of stock under stock plans	163	227
Excess tax benefits on stock-based payments	1,032	8,597
Purchase of treasury stock	(40,007)	(10,660)
Net cash provided by (used in) financing activities	339,279	(39,542)
Effect of exchange rate changes on cash and cash equivalents	(2,859)	(8,887)
Net change in cash and cash equivalents	346,889	(34,884)
Cash and cash equivalents at beginning of year	181,988	478,573
Cash and cash equivalents at end of period	528,877	443,689
Interest paid, net of amounts capitalized	20,729	19,697
Income taxes paid	$ 23,884	$ 20,634

Consolidated Financial Statemen

Consolidated Financial Statements	3 Months Ended
	Mar. 31, 2016
Accounting Policies [Abstract]
Consolidated Financial Statements	Consolidated Financial Statements: Basis of Presentation These interim statements and related management’s discussion and analysis should be read in conjunction with the Consolidated Financial Statements and the related notes and management’s discussion and analysis of results of operations, liquidity and capital resources included in our 2015 Annual Report on Form 10-K (“ 2015 Form 10-K”). These interim statements are unaudited. The year-end balance sheet data included in this Form 10-Q filing was derived from audited financial statements, but does not include all disclosures required by generally accepted accounting principles in the United States of America. We have historically operated and continue to operate on a 52/53 week fiscal year ending on the Friday closest to the last day of the quarter. For ease of presentation, March 31 and December 31 are used consistently throughout this Form 10-Q and these interim financial statements and related notes to represent the period-end dates. For the 2016 and 2015 quarters, the actual closing dates were April 1, and April 3, respectively. The unaudited interim financial statements include all adjustments (consisting only of normal recurring adjustments) and accruals necessary in the judgment of management for a fair statement of the results for the periods presented. When used herein, the terms “IFF,” the “Company,” “we,” “us” and “our” mean International Flavors & Fragrances Inc. and its consolidated subsidiaries. Reclassifications and Revisions Certain prior year amounts have been reclassified to conform with current year presentation. In addition, an adjustment has been made to two line items within net cash provided by operating activities for 2015 to reflect the previously recorded correction of a balance sheet classification associated with accounts payable and accruals. The adjustment was not material to the consolidated statement of cash flows. Recent Accounting Pronouncements In March 2016, the Financial Accounting Standards Board (“FASB”) issued authoritative guidance which requires changes to several aspects of the accounting for share-based payment transactions, including the treatment of income tax consequences, classification of awards as either equity or liabilities, and classification of certain items on the statement of cash flows. This guidance will be effective for annual and interim periods beginning after December 15, 2016. Early adoption will be permitted for all entities. The Company is currently evaluating the impact that this new standard will have on its consolidated financial statements. In February 2016, the FASB issued authoritative guidance which requires changes to the accounting for leases. The new guidance establishes a new lease accounting model, that, for all companies, requires entities to record assets and liabilities related to leases on the balance sheet for certain types of leases. The guidance will be effective for annual and interim periods beginning after December 31, 2018. Early adoption will be permitted for all entities. The Company expects the adoption of this guidance will result in significant increases to assets and liabilities on its consolidated Balance Sheet. In May 2014, the FASB issued authoritative guidance to clarify the principles to be used to recognize revenue and made subsequent clarifications under the new requirements during March 2016. The guidance is applicable to all entities and is effective for annual and interim periods beginning after December 15, 2017. Adoption as of the original effective date is permitted. The Company is currently evaluating the impact that this new standard will have on its consolidated financial statements. Accounts Receivable The Company sells certain accounts receivable on a non-recourse basis to unrelated financial institutions under “factoring” agreements that are sponsored, solely and individually, by certain customers. The Company accounts for these transactions as sales of receivables, removes the receivables sold from its financial statements, and records cash proceeds when received by the Company. The beneficial impact on cash from operations from participating in these programs decreased approximately $4.7 million for the three months ended March 31, 2016 compared to a decrease of approximately $6.5 million for the three months ended March 31, 2015 . The cost of participating in these programs was immaterial to our results in all periods.

Net Income Per Share

Net Income Per Share	3 Months Ended
	Mar. 31, 2016
Earnings Per Share [Abstract]
Net Income Per Share	Net Income Per Share: Net income per share is based on the weighted average number of shares outstanding. A reconciliation of the shares used in the computation of basic and diluted net income per share is as follows: Three Months Ended March 31, (SHARES IN THOUSANDS) 2016 2015 Basic 79,666 80,654 Assumed dilution under stock plans 389 541 Diluted 80,055 81,195 An immaterial amount of stock-settled appreciation rights (“SSARs”) were excluded from the computation of diluted net income per share for the three months ended March 31, 2016 . There were no stock options or SSARs excluded from the 2015 period. The Company has issued shares of purchased restricted common stock (“PRS”) which contain rights to nonforfeitable dividends while these shares are outstanding and thus are considered participating securities. Such securities are required to be included in the computation of basic and diluted earnings per share pursuant to the two-class method. The Company did not present the two-class method since the difference between basic and diluted net income per share for both unrestricted common shareholders and PRS shareholders was less than $0.01 per share for each period presented, and the number of PRS outstanding as of March 31, 2016 and 2015 was immaterial. Net income allocated to such PRS was $0.6 million during each of the three months ended March 31, 2016 and 2015 .

Acquisitions

Acquisitions	3 Months Ended
	Mar. 31, 2016
Business Combinations [Abstract]
Acquisitions	Acquisitions: 2015 Activity Lucas Meyer During the third quarter of 2015, the Company completed the acquisition of 100% of the outstanding shares of Lucas Meyer Cosmetics, a business of Unipex Group ("Lucas Meyer"). The total shares acquired include shares effectively acquired pursuant to put and call option agreements. The acquisition was accounted for under the purchase method. Total consideration was approximately Euro 284.0 million ( $312.0 million ), including approximately $4.8 million of cash acquired. The Company paid Euro 282.0 million (approximately $309.7 million , for this acquisition, which was funded from existing resources, and recorded a liability of approximately Euro 2.0 million (approximately $2.2 million ). The purchase price exceeded the fair value of existing net assets by approximately $289.5 million . The excess was allocated principally to identifiable intangible assets (approximately $161.5 million ), goodwill (approximately $186.8 million ) and approximately $51.0 million to deferred taxes. Goodwill represents the excess of the purchase price over the fair value of net assets acquired. Separately identifiable intangible assets are principally related to customer relationships, proprietary technology and patents. The intangible assets are being amortized using lives ranging from 10 - 28 years. The purchase price allocation is preliminary pending final valuations of intangible assets, principally related to the valuation of customer relationships, allocation of asset values by legal entity and determination of useful lives. No pro forma financial information for 2016 is presented as the impact of the acquisition was immaterial to the Consolidated Statement of Comprehensive Income. During the first quarter of 2016, the preliminary purchase price allocation was updated, however, none of the changes were material to the consolidated financial statements. The purchase price allocation is expected to be completed in the second quarter of 2016. Ottens Flavors During the second quarter of 2015, the Company completed the acquisition of 100% of the outstanding shares of Henry H. Ottens Manufacturing Co., Inc. ("Ottens Flavors"). The acquisition was accounted for under the purchase method. The Company paid $198.9 million (including $10.4 million of cash acquired) for this acquisition, which was funded from existing resources. The purchase price allocation was completed during the fourth quarter of 2015. The impact of the acquisition was not material to the consolidated financial statements.

Goodwill and Other Intangible A

Goodwill and Other Intangible Assets, Net Goodwill and Other Intangible Assets, Net (Notes)	3 Months Ended
	Mar. 31, 2016
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill and Other Intangible Assets, Net	Other Intangible Assets, Net: Goodwill Movements in goodwill during 2016 were as follows: (DOLLARS IN THOUSANDS) Goodwill Balance at December 31, 2015 $ 941,389 Foreign exchange 6,812 Other 2,976 Balance at March 31, 2016 $ 951,177 Other Intangible Assets Other intangible assets, net consist of the following amounts: March 31, December 31, (DOLLARS IN THOUSANDS) 2016 2015 Cost Customer relationships $ 288,876 $ 293,799 Trade names & patents 38,871 34,182 Technological know-how 111,886 112,393 Other 25,792 22,711 Total carrying value 465,425 463,085 Accumulated Amortization Customer relationships (70,214 ) (66,324 ) Trade names & patents (10,918 ) (10,282 ) Technological know-how (65,920 ) (65,258 ) Other (16,285 ) (15,217 ) Total accumulated amortization (163,337 ) (157,081 ) Other intangible assets, net $ 302,088 $ 306,004 Amortization Amortization expense was $6.1 million and $1.8 million for the three months ended March 31, 2016 and 2015 , respectively. Annual amortization is expected to be $23.1 million for the full year 2016 , $22.5 million for the year 2017, $21.9 million for the year 2018, $20.5 million for the year 2019 , $19.8 million for the year 2020 and $15.6 million for the year 2021 .

Restructuring and Other Charges

Restructuring and Other Charges, Net	3 Months Ended
	Mar. 31, 2016
Restructuring and Related Activities [Abstract]
Restructuring and Other Charges, Net	Restructuring and Other Charges, Net: During the fourth quarter of 2015, the Company established a series of initiatives that are intended to streamline its management structure, simplify decision-making and accountability, better leverage and align its capabilities across the organization and improve efficiency of its global manufacturing and operations network. As a result, in the fourth quarter of 2015, the Company recorded a pre-tax charge of $7.6 million , included in restructuring and other charges, net, related to severance and related costs pertaining to approximately 150 positions that will be affected. During the first quarter of 2016 , the Company made payments of $0.9 million and recorded accelerated depreciation expense of $0.1 million . The total cost of the plan is expected to be approximately $10 million with the remaining charges relating principally to accelerated depreciation. The Company expects the plan to be fully implemented in the second half of 2017. Changes in employee-related restructuring liabilities during the three months ended March 31, 2016 , were as follows: (DOLLARS IN THOUSANDS) Employee-Related Costs Accelerated Depreciation Total Balance at December 31, 2015 $ 7,882 $ — $ 7,882 Additional charges (reversals), net — 101 101 Non-cash charges — (101 ) (101 ) Payments and other costs (923 ) — (923 ) Balance at March 31, 2016 $ 6,959 $ — $ 6,959

Borrowings

Borrowings	3 Months Ended
	Mar. 31, 2016
Debt Disclosure [Abstract]
Borrowings	Borrowings: Debt consists of the following: (DOLLARS IN THOUSANDS) Rate Maturities March 31, 2016 December 31, 2015 Senior notes - 2006 6.14 % 2016 $ 125,000 $ 125,000 Senior notes - 2007 6.40 % 2017-27 500,000 500,000 Senior notes - 2013 3.20 % 2023 299,816 299,809 Euro Senior notes - 2016 (1) 1.75 % 2024 561,070 — Credit facility 2.67 % 2019 — 131,196 Bank overdrafts and other 14,965 10,909 Deferred realized gains on interest rate swaps 2,796 3,279 1,503,647 1,070,193 Less: Current portion of long-term debt (133,692 ) (132,349 ) $ 1,369,955 $ 937,844 (1) Amount is net of unamortized discount and debt issuance costs. On March 14, 2016, the Company issued Euro 500.0 million ( $556.6 million ) face amount of 1.75% Senior Notes ("Euro Senior Notes - 2016") due 2024 at a discount of Euro 0.9 million ( $1.0 million ). The Company received proceeds related to the issuance of these Euro Senior Notes - 2016 of Euro 496.0 million ( $552.1 million ) which was net of the $1.0 million discount and Euro 3.1 million ( $3.5 million ) underwriting discount (recorded as deferred financing costs). In addition, the Company incurred $1.3 million of other deferred financing costs in connection with the expected debt issuance. In connection with the debt issuance, the Company entered into pre-issuance hedging transactions which were settled upon issuance of the debt resulted in a loss of approximately $3.2 million as of March 31, 2016. The discount, deferred financing costs and pre-issuance hedge loss are being amortized as interest expense over the 8 year term of the debt. The Euro Senior Notes - 2016 bear interest at a rate of 1.75% per annum, with interest payable on March 14 of each year, commencing on March 14, 2017. The Euro Senior Notes - 2016 will mature on March 14, 2024. Upon 30 days’ notice to holders of the Euro Senior Notes - 2016 , the Company may redeem the Euro Senior Notes - 2016 for cash in whole, at any time, or in part, from time to time, prior to maturity, at redemption prices that include accrued and unpaid interest and a make-whole premium, as specified in the Indenture. However, no make-whole premium will be paid for redemptions of the Euro Senior Notes - 2016 on or after December 14, 2023. The Indenture provides for customary events of default and contains certain negative covenants that limit the ability of the Company and its subsidiaries to grant liens on assets, or to enter into sale-leaseback transactions. In addition, subject to certain limitations, in the event of the occurrence of both (1) a change of control of the Company and (2) a downgrade of the Euro Senior Notes - 2016 below investment grade rating by both Moody’s Investors Services, Inc. and Standard & Poor’s Ratings Services within a specified time period, the Company will be required to make an offer to repurchase the Notes at a price equal to 101% of the principal amount of the Euro Senior Notes - 2016, plus accrued and unpaid interest to the date of repurchase. During the first quarter of 2016, the Company repaid the full amount outstanding under the credit facility ( $131.2 million ).

Income Taxes

Income Taxes	3 Months Ended
	Mar. 31, 2016
Income Tax Disclosure [Abstract]
Income Taxes	Income Taxes: Uncertain Tax Positions At March 31, 2016 , the Company had $22.5 million of unrecognized tax benefits recorded in Other liabilities. If these unrecognized tax benefits were recognized, the effective tax rate would be affected. At March 31, 2016 , the Company had accrued interest and penalties of $0.8 million classified in Other liabilities. As of March 31, 2016 , the Company’s aggregate provisions for uncertain tax positions, including interest and penalties, was $23.3 million associated with various tax positions asserted in foreign jurisdictions, none of which is individually material. The Company regularly repatriates a portion of current year earnings from select non–U.S. subsidiaries. No provision is made for additional taxes on undistributed earnings of subsidiary companies that are intended and planned to be indefinitely invested in such subsidiaries. We intend to, and have plans to, reinvest these earnings indefinitely in our foreign subsidiaries to fund local operations and/or capital projects. The Company has ongoing income tax audits and legal proceedings which are at various stages of administrative or judicial review, of which the most significant items are discussed below. In addition, the Company has open tax years with various taxing jurisdictions that range primarily from 2006 to 2015 . Based on currently available information, we do not believe the ultimate outcome of any of these tax audits and other tax positions related to open tax years, when finalized, will have a material impact on our financial position. The Company also has other ongoing tax audits and legal proceedings that relate to indirect taxes, such as value-added taxes, capital tax, sales and use taxes and property taxes, which are discussed in Note 13. Effective Tax Rate The effective tax rate for the three months ended March 31, 2016 was 23.4% compared with 18.0% for the three months ended March 31, 2015 . The quarter-over-quarter increase is largely due to a benefit of $10.5 million recorded in the first quarter of 2015, as a result of favorable tax rulings in Spain and another jurisdiction for which reserves were previously recorded, which was partially offset by lower cost of repatriation, lower loss provisions and favorable mix of earnings in the first quarter of 2016.

Stock Compensation Plans

Stock Compensation Plans	3 Months Ended
	Mar. 31, 2016
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Stock Compensation Plans	Stock Compensation Plans: The Company has various plans under which its officers, senior management, other key employees and directors may be granted equity-based awards. Equity awards outstanding under the plans include PRS, purchased restricted stock units, restricted stock units ("RSUs"), stock options, SSARs and Long-Term Incentive Plan awards; liability-based awards outstanding under the plans are cash-settled RSUs. Stock-based compensation expense and related tax benefits were as follows: Three Months Ended March 31, (DOLLARS IN THOUSANDS) 2016 2015 Equity-based awards $ 5,930 $ 5,387 Liability-based awards 593 1,907 Total stock-based compensation expense 6,523 7,294 Less: tax benefit (1,973 ) (2,187 ) Total stock-based compensation expense, after tax $ 4,550 $ 5,107

Segment Information

Segment Information	3 Months Ended
	Mar. 31, 2016
Segment Reporting [Abstract]
Segment Information	Segment Information: The Company is organized into two operating segments: Flavors and Fragrances. These segments align with the internal structure of the Company used to manage these businesses. Performance of these operating segments is evaluated based on segment profit which is defined as operating profit before Restructuring and other charges, net, Global expenses (as discussed below) and certain non-recurring items, Interest expense, Other income (expense), net and Taxes on income. The Global expenses caption below 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) 2016 2015 Net sales: Flavors $ 372,508 $ 377,108 Fragrances 410,804 397,799 Consolidated $ 783,312 $ 774,907 Segment profit: Flavors $ 91,813 $ 92,727 Fragrances 89,237 81,598 Global expenses (13,870 ) (11,564 ) Restructuring and other charges, net (1) (101 ) (187 ) Acquisition and related costs (2) (1,037 ) (500 ) Operational improvement initiative costs (3) (268 ) (281 ) Spanish capital tax settlement (4) 1,446 — Operating profit 167,220 161,793 Interest expense (12,478 ) (11,095 ) Other income 154 5,710 Income before taxes $ 154,896 $ 156,408 (1) Restructuring and other charges, net relate to accelerated depreciation costs in Europe recorded in Cost of goods sold. (2) Acquisition and related costs are associated with the 2015 acquisition of Lucas Meyer as discussed in Note 3, including inventory step-up charges related to the inventory acquired. (3) Operational improvement initiative costs relate to accelerated depreciation costs in Asia in both the 2016 and 2015 periods. (4) The Spanish capital tax settlement represents interest received from the Spanish government related to the reversal of the unfavorable ruling the Spanish capital tax case from 2002, which was reversed during the year ended December 31, 2015. 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, 2016 and 2015 were $180.4 million and $163.6 million , respectively. Net sales attributed to all foreign countries in total for the three months ended March 31, 2016 and 2015 were $602.9 million and $611.3 million , respectively. No country other than the U.S. had net sales in any period presented greater than 10% of total consolidated net sales.

Employee Benefits

Employee Benefits	3 Months Ended
	Mar. 31, 2016
Compensation and Retirement Disclosure [Abstract]
Employee Benefits	Employee Benefits: Pension and other defined contribution retirement plan expenses included the following components: U.S. Plans Three Months Ended March 31, (DOLLARS IN THOUSANDS) 2016 2015 Service cost for benefits earned $ 771 $ 984 Interest cost on projected benefit obligation 6,007 5,953 Expected return on plan assets (8,069 ) (8,083 ) Net amortization and deferrals 1,387 5,203 Net periodic benefit cost 96 4,057 Defined contribution and other retirement plans 2,402 2,135 Total expense $ 2,498 $ 6,192 Non-U.S. Plans Three Months Ended March 31, (DOLLARS IN THOUSANDS) 2016 2015 Service cost for benefits earned $ 3,775 $ 4,383 Interest cost on projected benefit obligation 6,366 6,392 Expected return on plan assets (11,949 ) (12,950 ) Net amortization and deferrals 3,264 3,486 Loss due to settlements and special terminations — — Net periodic benefit cost 1,456 1,311 Defined contribution and other retirement plans 1,707 1,595 Total expense $ 3,163 $ 2,906 The Company expects to contribute a total of approximately $24 million to its non-U.S. pension plans during 2016 . During the three months ended March 31, 2016 , there were no contributions made to the qualified U.S. pension plans. In the three months ended March 31, 2016 , $6.3 million of contributions were made to the non-U.S. plans and $1.1 million of contributions were made to the U.S. non-qualified plans. Expense recognized for postretirement benefits other than pensions included the following components: Three Months Ended March 31, (DOLLARS IN THOUSANDS) 2016 2015 Service cost for benefits earned $ 215 $ 300 Interest cost on projected benefit obligation 787 1,082 Net amortization and deferrals (1,355 ) (711 ) Total postretirement benefit expense $ (353 ) $ 671 The Company expects to contribute approximately $5 million to its postretirement benefits other than pension plans during 2016 . In the three months ended March 31, 2016 , $1.3 million of contributions were made.

Financial Instruments

Financial Instruments	3 Months Ended
	Mar. 31, 2016
Investments, All Other Investments [Abstract]
Financial Instruments	Financial Instruments: Fair Value Accounting guidance on fair value measurements specifies a hierarchy of valuation techniques based on whether the inputs to those valuation techniques are observable or unobservable. Observable inputs reflect market data obtained from independent sources, while unobservable inputs reflect our market assumptions. These two types of inputs create the following fair value hierarchy: • Level 1–Quoted prices for identical instruments in active markets. • Level 2–Quoted prices for similar instruments in active markets; quoted prices for identical or similar instruments in markets that are not active; and model-derived valuations in which all significant inputs and significant value drivers are observable in active markets. • Level 3–Valuations derived from valuation techniques in which one or more significant inputs or significant value drivers are unobservable . This hierarchy requires us to use observable market data, when available, and to minimize the use of unobservable inputs when determining fair value. We determine the fair value of structured liabilities (where performance is linked to structured interest rates, inflation or currency risks) using the LIBOR swap curve and forward interest and exchange rates at period end. Such instruments are classified as Level 2 based on the observability of significant inputs to the model. We do not have any instruments classified as Level 1 or Level 3, other than those included in pension asset trusts as discussed in Note 13 of our 2015 Form 10-K. These valuations take into consideration our credit risk and our counterparties’ credit risk. The estimated change in the fair value of these instruments due to such changes in our own credit risk (or instrument-specific credit risk) was immaterial as of March 31, 2016 . The amounts recorded in the balance sheet (carrying amount) and the estimated fair values of financial instruments at March 31, 2016 and December 31, 2015 consisted of the following: March 31, 2016 December 31, 2015 Carrying Fair Carrying Fair (DOLLARS IN THOUSANDS) Cash and cash equivalents (1) $ 528,877 $ 528,877 $ 181,988 $ 181,988 Credit facilities and bank overdrafts (2) 14,965 14,965 142,105 142,105 Long-term debt: (3) Senior notes - 2006 125,000 126,861 125,000 127,717 Senior notes - 2007 500,000 572,663 500,000 563,855 Senior notes - 2013 299,816 301,249 299,809 290,830 Senior notes - 2016 561,070 578,271 — — (1) The carrying amount of cash and cash equivalents approximates fair value due to the short maturity of those instruments. (2) The carrying amount of our credit facilities and bank overdrafts approximates fair value as the interest rate is reset frequently based on current market rates as well as the short maturity of those instruments. (3) The fair value of our long-term debt was calculated using discounted cash flows applying current interest rates and current credit spreads based on our own credit risk. Derivatives The Company periodically enters into foreign currency forward contracts with the objective of reducing exposure to cash flow volatility associated with our intercompany loans, foreign currency receivables and payables, and anticipated purchases of certain raw materials used in operations. These contracts generally involve the exchange of one currency for a second currency at a future date, have maturities not exceeding twelve months and are with counterparties which are major international financial institutions. During the three months ended March 31, 2016 and the year ended December 31, 2015 , the Company entered into several forward currency contracts which qualified as net investment hedges, in order to mitigate a portion of our net European investments from foreign currency risk. The effective portions of net investment hedges are recorded in Other comprehensive income (“OCI”) as a component of Foreign currency translation adjustments in the accompanying Consolidated Statement of Comprehensive Income. Realized gains (losses) are deferred in accumulated other comprehensive income ("AOCI") where they will remain until the net investments in our European subsidiaries are divested. The outstanding forward currency contracts have remaining maturities of approximately one year. There were no maturities of these forward currency contracts during the three months ended March 31, 2016 . During the three months ended March 31, 2016 and the year ended December 31, 2015 , the Company entered into several forward currency contracts which qualified as cash flow hedges. The objective of these hedges is to protect against the currency risk associated with forecasted U.S. dollar (USD) denominated raw material purchases made by Euro (EUR) functional currency entities which result from changes in the EUR/USD exchange rate. The effective portions of cash flow hedges are recorded in OCI as a component of Gains/(losses) on derivatives qualifying as hedges in the accompanying Consolidated Statement of Comprehensive Income. Realized gains/(losses) in AOCI related to cash flow hedges of raw material purchases are recognized as a component of Cost of goods sold in the accompanying Consolidated Statement of Comprehensive Income in the same period as the related costs are recognized. During 2015 and 2014, the Company entered into interest rate swap agreements that effectively converted the fixed rate on a portion of our long-term borrowings to a variable short-term rate based on the LIBOR plus an interest markup. These swaps are designated as fair value hedges. Amounts recognized in Interest expense were immaterial for the three months ended March 31, 2016 . During the first quarter of 2016, the Company entered into and terminated two Euro interest rate swap agreements to hedge the anticipated issuance of fixed-rate debt. These swaps were designated as cash flow hedges. The effective portions of cash flow hedges are recorded in OCI as a component of Losses on derivatives qualifying as hedges in the accompanying Consolidated Statement of Comprehensive Income. The Company incurred a loss of Euro 2.9 million ( $3.2 million ) due to the termination of these swaps. The loss will be amortized as interest expense over the life of the Euro Senior Notes - 2016 as discussed in Note 6. The following table shows the notional amount of the Company’s derivative instruments outstanding as of March 31, 2016 and December 31, 2015 : (DOLLARS IN THOUSANDS) March 31, 2016 December 31, 2015 Foreign currency contracts $ 298,000 $ 256,200 Interest rate swaps $ 775,000 $ 775,000 The following tables show the Company’s derivative instruments measured at fair value (Level 2 of the fair value hierarchy), as reflected in the Consolidated Balance Sheets as of March 31, 2016 and December 31, 2015 : March 31, 2016 (DOLLARS IN THOUSANDS) Fair Value of Fair Value of Total Fair Derivative assets (a) Foreign currency contracts $ 1,912 $ 3,340 $ 5,252 Interest rate swaps 3,692 — 3,692 $ 5,604 $ 3,340 $ 8,944 Derivative liabilities (b) Foreign currency contracts $ 7,530 $ 4,174 $ 11,704 $ 7,530 $ 4,174 $ 11,704 December 31, 2015 (DOLLARS IN THOUSANDS) Fair Value of Fair Value of Total Fair Derivative assets (a) Foreign currency contracts $ 6,560 $ 3,700 $ 10,260 Interest rate swaps 1,210 — 1,210 $ 7,770 $ 3,700 $ 11,470 Derivative liabilities (b) Foreign currency contracts $ 2,106 $ 3,022 $ 5,128 (a) Derivative assets are recorded to Prepaid expenses and other current assets in the Consolidated Balance Sheet. (b) Derivative liabilities are recorded as Other current liabilities in the Consolidated Balance Sheet. The following table shows the effect of the Company’s derivative instruments which were not designated as hedging instruments in the Consolidated Statement of Comprehensive Income for the three months ended March 31, 2016 and 2015 (in thousands): Derivatives Not Designated as Hedging Instruments Amount of Gain (Loss) Location of Gain (Loss) Recognized in Income on Derivative Three Months Ended March 31, 2016 2015 Foreign currency contracts $ (4,943 ) $ 9,704 Other expense (income), net Most of these net gains (losses) offset any recognized gains (losses) arising from the revaluation of the related intercompany loans during the same respective periods. The following table shows the effect of the Company’s derivative instruments designated as cash flow and net investment hedging instruments in the Consolidated Statements of Comprehensive Income for the three months ended March 31, 2016 and 2015 (in thousands): Amount of (Loss) Gain Recognized in OCI on Derivative (Effective Portion) Location of (Loss) Gain Reclassified from AOCI into Income (Effective Portion) Amount of (Loss) Gain Reclassified from Accumulated OCI into Income (Effective Portion) Three Months Ended March 31, Three Months Ended March 31, 2016 2015 2016 2015 Derivatives in Cash Flow Hedging Relationships: Foreign currency contracts (7,003 ) 12,014 Cost of goods sold 2,616 1,023 Interest rate swaps (1) (3,175 ) 69 Interest expense (86 ) (69 ) Derivatives in Net Investment Hedging Relationships: Foreign currency contracts (2,404 ) 4,561 N/A — — Total $ (12,582 ) $ 16,644 $ 2,530 $ 954 (1) Interest rate swaps were entered into as pre-issuance hedges. No ineffectiveness was experienced in the above noted cash flow hedges during the three months ended March 31, 2016 and 2015 . The ineffective portion of the net investment hedges was not material during the three months ended March 31, 2016 and 2015 . The Company expects that approximately $3.0 million (net of tax) of derivative gains included in AOCI at March 31, 2016 , based on current market rates, will be reclassified into earnings within the next 12 months. The majority of this amount will vary due to fluctuations in foreign currency exchange rates.

Accumulated Other Comprehensive

Accumulated Other Comprehensive Income (Loss)	3 Months Ended
	Mar. 31, 2016
Equity [Abstract]
Accumulated Other Comprehensive Income (Loss)	Accumulated Other Comprehensive Income (Loss): The following tables present changes in the accumulated balances for each component of other comprehensive income, including current period other comprehensive income and reclassifications out of accumulated other comprehensive income: Foreign Currency Translation Adjustments (Losses) Gains on Derivatives Qualifying as Hedges Pension and Postretirement Liability Adjustment Total (DOLLARS IN THOUSANDS) Accumulated other comprehensive (loss) income, net of tax, as of December 31, 2015 $ (297,498 ) $ 9,401 $ (325,342 ) $ (613,439 ) OCI before reclassifications 14,077 (7,662 ) — 6,415 Amounts reclassified from AOCI — (2,530 ) 2,555 25 Net current period other comprehensive income (loss) 14,077 (10,192 ) 2,555 6,440 Accumulated other comprehensive (loss) income, net of tax, as of March 31, 2016 $ (283,421 ) $ (791 ) $ (322,787 ) $ (606,999 ) Foreign Currency Translation Adjustments (Losses) Gains on Derivatives Qualifying as Hedges Pension and Postretirement Liability Adjustment Total (DOLLARS IN THOUSANDS) Accumulated other comprehensive (loss) income, net of tax, as of December 31, 2014 $ (173,342 ) $ 12,371 $ (379,459 ) $ (540,430 ) OCI before reclassifications (50,515 ) 13,037 — (37,478 ) Amounts reclassified from AOCI — (954 ) 5,547 4,593 Net current period other comprehensive income (loss) (50,515 ) 12,083 5,547 (32,885 ) Accumulated other comprehensive (loss) income, net of tax, as of March 31, 2015 $ (223,857 ) $ 24,454 $ (373,912 ) $ (573,315 ) The following table provides details about reclassifications out of accumulated other comprehensive income to the Consolidated Statement of Comprehensive Income: Three Months Ended March 31, 2016 Three Months Ended March 31, 2015 Affected Line Item in the (DOLLARS IN THOUSANDS) (Losses) gains on derivatives qualifying as hedges Foreign currency contracts $ 2,990 $ 1,169 Cost of goods sold Interest rate swaps (86 ) (69 ) Interest expense (374 ) (146 ) Provision for income taxes $ 2,530 $ 954 Total, net of income taxes (Losses) gains on pension and postretirement liability adjustments Prior service cost $ 1,864 $ 1,166 (a) Actuarial losses (5,160 ) (9,144 ) (a) 741 2,431 Provision for income taxes $ (2,555 ) $ (5,547 ) Total, net of income taxes (a) The amortization of prior service cost and actuarial loss is included in the computation of net periodic benefit cost. Refer to Note 14 of our 2015 Form 10-K for additional information regarding net periodic benefit cost.

Commitments and Contingencies

Commitments and Contingencies	3 Months Ended
	Mar. 31, 2016
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Commitments and Contingencies: Guarantees and Letters of Credit The Company has various bank guarantees and letters of credit which are available for use to support its ongoing business operations and to satisfy governmental requirements associated with pending litigation in various jurisdictions. At March 31, 2016 , we had total bank guarantees and standby letters of credit of approximately $40 million with various financial institutions. Included in the above aggregate amount is a total of $14.4 million in bank guarantees which the Company has posted for certain assessments in Brazil for other diverse income tax and indirect tax disputes related to fiscal years 1998-2011. There were no material amounts utilized under the standby letters of credit as of March 31, 2016 . In order to challenge the assessments in these cases in Brazil, the Company has been required to, and has separately pledged assets, principally property, plant and equipment, to cover assessments in the amount of approximately $12.0 million as of March 31, 2016 . Lines of Credit The Company has various lines of credit which are available to support its ongoing business operations. At March 31, 2016 , we had available lines of credit (in addition to the Credit Facility discussed in Note 8 of our 2015 Form 10-K) of approximately $72.4 million with various financial institutions. There were no significant amounts drawn down pursuant to these lines of credit as of March 31, 2016 . Litigation The Company assesses contingencies related to litigation and/or other matters to determine the degree of probability and range of possible loss. A loss contingency is accrued in the Company’s consolidated financial statements if it is probable that a liability has been incurred and the amount of the loss can be reasonably estimated. Because litigation is inherently unpredictable and unfavorable resolutions could occur, assessing contingencies is highly sensitive and requires judgments about future events. On at least a quarterly basis, the Company reviews contingencies related to litigation to determine the adequacy of accruals. The amount of ultimate loss may differ from these estimates and further events may require the Company to increase or decrease the amounts it has accrued on any matter. Periodically, we assess our insurance coverage for all known claims, where applicable, taking into account aggregate coverage by occurrence, limits of coverage, self-insured retentions and deductibles, historical claims experience and claims experience with our insurance carriers. The liabilities are recorded at management’s best estimate of the probable outcome of the lawsuits and claims, taking into consideration the facts and circumstances of the individual matters as well as past experience on similar matters. At each balance sheet date, the key issues that management assesses are whether it is probable that a loss as to asserted or unasserted claims has been incurred and if so, whether the amount of loss can be reasonably estimated. We record the expected liability with respect to claims in Other liabilities and expected recoveries from our insurance carriers in Other assets. We recognize a receivable when we believe that realization of the insurance receivable is probable under the terms of the insurance policies and our payment experience to date. Environmental Over the past 20 years, various federal and state authorities and private parties have claimed that we are a Potentially Responsible Party (“PRP”) as a generator of waste materials for alleged pollution at a number of waste sites operated by third parties located principally in New Jersey and have sought to recover costs incurred and to be incurred to clean up the sites. We have been identified as a PRP at eight facilities operated by third parties at which investigation and/or remediation activities may be ongoing. We analyze our potential liability on at least a quarterly basis. We accrue for environmental liabilities when they are probable and estimable. We estimate our share of the total future cost for these sites to be less than $5 million . While joint and several liability is authorized under federal and state environmental laws, we believe the amounts we have paid and anticipate paying in the future for clean-up costs and damages at all sites are not material and will not have a material adverse effect on our financial condition, results of operations or liquidity. This assessment is based upon, among other things, the involvement of other PRPs at most of the sites, the status of the proceedings, including various settlement agreements and consent decrees, and the extended time period over which payments will likely be made. There can be no assurance, however, that future events will not require us to materially increase the amounts we anticipate paying for clean-up costs and damages at these sites, and that such increased amounts will not have a material adverse effect on our financial condition, results of operations or cash flows. China Facilities Guangzhou Flavors plant During 2015, the Company was notified by Chinese authorities of compliance issues pertaining to the emission of odors from several of its plants in China. As a result, the Company's Flavors facility in China was temporarily idled. Accordingly, the Company invested approximately $6.5 million in odor-abatement equipment at these facilities to address these issues. If the Company is required to close a plant, or operate one at significantly reduced production levels on a permanent basis, the Company may be required to record charges that could have a material impact on its consolidated financial results of operations, financial position and cash flows in future periods. Zhejiang Ingredients plant The Company has received a request from the Chinese government to relocate its Fragrance Ingredients plant in Zhejiang, China. The Company has made investments in the Ingredients plant to comply with applicable regulations and would prefer to remain at the existing site. The Company is in discussions with the government regarding the intent, purpose and timing of the requested relocation. If we were ultimately required to move, the Company and government authorities would need to agree upon the amount and nature of government compensation. Depending upon the outcome of these discussions, we may be required, at some point, to adjust depreciation or the carrying value of the current site. The current site amounts to less than 5% of property, plant and equipment, net. Other Contingencies The Company has contingencies involving third parties (such as labor, contract, technology or product-related claims or litigation) as well as government-related items in various jurisdictions in which we operate pertaining to such items as value-added taxes, other indirect taxes, customs and duties and sales and use taxes. It is possible that cash flows or results of operations, in any period, could be materially affected by the unfavorable resolution of one or more of these contingencies. The most significant government-related contingencies exist in Brazil. With regard to the Brazilian matters, we believe we have valid defenses for the underlying positions under dispute; however, in order to pursue these defenses, we are required to, and have provided, bank guarantees and pledged assets in the aggregate amount of $26.4 million . The Brazilian matters take an extended period of time to proceed through the judicial process and there are a limited number of rulings to date. In March 2012, ZoomEssence, Inc. filed a complaint against the Company in the U.S. District Court of New Jersey alleging trade secret misappropriation, breach of contract and unjust enrichment in connection with certain spray dry technology disclosed to the Company. In connection with the claims, ZoomEssence is seeking an injunction and monetary damages. ZoomEssence initially sought a temporary restraining order and preliminary injunction, but the Court denied these applications in an order entered on September 27, 2013, finding that ZoomEssence had not demonstrated a likelihood of success on the merits of its claims. The Court subsequently referred the matter to mediation, however the private mediation session did not result in a resolution of the dispute. On November 3, 2014, ZoomEssence amended its complaint against the Company to include allegations of breach of the duty of good faith and fair dealing, fraud in the inducement, and misappropriation of confidential and proprietary information. On November 13, 2014, the Company filed a counterclaim against ZoomEssence alleging trade secret misappropriation, breach of contract, breach of the implied covenant of good faith and fair dealing, unjust enrichment, misappropriation of confidential and proprietary information, common law unfair competition, tortious interference with contractual relations, and conversion. The case is currently proceeding through discovery with a trial on the merits anticipated in early 2017. The Company denies the allegations and will vigorously defend and pursue its position in Court. At this stage of the litigation, based on the information currently available to the Company, management does not believe that this matter represents a material loss contingency. Based on the information available as of March 31, 2016 , we estimate a range of reasonably possible loss related to the matters above, collectively, is $0 - $31 million . Separately, the Spanish tax authorities alleged claims for a capital tax, the Appellate Court rejected one of the two bases upon which we based our capital tax position. On January 22, 2014, we filed an appeal and in order to avoid future interest costs in the event our appeal was unsuccessful, we paid Euro 9.8 million ( $11.2 million , representing the principal amount) during the first quarter of 2014. On February 24, 2016, we received a favorable ruling on our appeal from the Spanish Supreme Court which overruled a lower court ruling. As a result of this decision, we have reversed the previously recorded provision of Euro 9.8 million ( $10.5 million ) for the year ended December 31, 2015. During the first quarter of 2016 , we recorded additional income of $1.4 million related to amounts expected to be received from the authorities. This amount has been reflected as a reduction of administrative expense.

Consolidated Financial Statem19

Consolidated Financial Statements (Policies)	3 Months Ended
	Mar. 31, 2016
Accounting Policies [Abstract]
Basis of Presentation	Basis of Presentation These interim statements and related management’s discussion and analysis should be read in conjunction with the Consolidated Financial Statements and the related notes and management’s discussion and analysis of results of operations, liquidity and capital resources included in our 2015 Annual Report on Form 10-K (“ 2015 Form 10-K”). These interim statements are unaudited. The year-end balance sheet data included in this Form 10-Q filing was derived from audited financial statements, but does not include all disclosures required by generally accepted accounting principles in the United States of America. We have historically operated and continue to operate on a 52/53 week fiscal year ending on the Friday closest to the last day of the quarter. For ease of presentation, March 31 and December 31 are used consistently throughout this Form 10-Q and these interim financial statements and related notes to represent the period-end dates. For the 2016 and 2015 quarters, the actual closing dates were April 1, and April 3, respectively. The unaudited interim financial statements include all adjustments (consisting only of normal recurring adjustments) and accruals necessary in the judgment of management for a fair statement of the results for the periods presented. When used herein, the terms “IFF,” the “Company,” “we,” “us” and “our” mean International Flavors & Fragrances Inc. and its consolidated subsidiaries.
Reclassifications and Revisions	Reclassifications and Revisions Certain prior year amounts have been reclassified to conform with current year presentation. In addition, an adjustment has been made to two line items within net cash provided by operating activities for 2015 to reflect the previously recorded correction of a balance sheet classification associated with accounts payable and accruals. The adjustment was not material to the consolidated statement of cash flows.
Recent Accounting Pronouncements	Recent Accounting Pronouncements In March 2016, the Financial Accounting Standards Board (“FASB”) issued authoritative guidance which requires changes to several aspects of the accounting for share-based payment transactions, including the treatment of income tax consequences, classification of awards as either equity or liabilities, and classification of certain items on the statement of cash flows. This guidance will be effective for annual and interim periods beginning after December 15, 2016. Early adoption will be permitted for all entities. The Company is currently evaluating the impact that this new standard will have on its consolidated financial statements. In February 2016, the FASB issued authoritative guidance which requires changes to the accounting for leases. The new guidance establishes a new lease accounting model, that, for all companies, requires entities to record assets and liabilities related to leases on the balance sheet for certain types of leases. The guidance will be effective for annual and interim periods beginning after December 31, 2018. Early adoption will be permitted for all entities. The Company expects the adoption of this guidance will result in significant increases to assets and liabilities on its consolidated Balance Sheet. In May 2014, the FASB issued authoritative guidance to clarify the principles to be used to recognize revenue and made subsequent clarifications under the new requirements during March 2016. The guidance is applicable to all entities and is effective for annual and interim periods beginning after December 15, 2017. Adoption as of the original effective date is permitted. The Company is currently evaluating the impact that this new standard will have on its consolidated financial statements.
Accounts Receivable	Accounts Receivable The Company sells certain accounts receivable on a non-recourse basis to unrelated financial institutions under “factoring” agreements that are sponsored, solely and individually, by certain customers. The Company accounts for these transactions as sales of receivables, removes the receivables sold from its financial statements, and records cash proceeds when received by the Company.

Net Income Per Share (Tables)

Net Income Per Share (Tables)	3 Months Ended
	Mar. 31, 2016
Earnings Per Share [Abstract]
Reconciliation of Shares Used in Computation of Basic and Diluted Net Income Per Share	A reconciliation of the shares used in the computation of basic and diluted net income per share is as follows: Three Months Ended March 31, (SHARES IN THOUSANDS) 2016 2015 Basic 79,666 80,654 Assumed dilution under stock plans 389 541 Diluted 80,055 81,195

Goodwill and Other Intangible21

Goodwill and Other Intangible Assets, Net (Tables)	3 Months Ended
	Mar. 31, 2016
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of Movements in Goodwill	Movements in goodwill during 2016 were as follows: (DOLLARS IN THOUSANDS) Goodwill Balance at December 31, 2015 $ 941,389 Foreign exchange 6,812 Other 2,976 Balance at March 31, 2016 $ 951,177
Schedule of Other Intangible Assets, Net	Other intangible assets, net consist of the following amounts: March 31, December 31, (DOLLARS IN THOUSANDS) 2016 2015 Cost Customer relationships $ 288,876 $ 293,799 Trade names & patents 38,871 34,182 Technological know-how 111,886 112,393 Other 25,792 22,711 Total carrying value 465,425 463,085 Accumulated Amortization Customer relationships (70,214 ) (66,324 ) Trade names & patents (10,918 ) (10,282 ) Technological know-how (65,920 ) (65,258 ) Other (16,285 ) (15,217 ) Total accumulated amortization (163,337 ) (157,081 ) Other intangible assets, net $ 302,088 $ 306,004

Restructuring and Other Charg22

Restructuring and Other Charges, Net (Tables)	3 Months Ended
	Mar. 31, 2016
Restructuring and Related Activities [Abstract]
Changes in Employee-Related Restructuring Liabilities	Changes in employee-related restructuring liabilities during the three months ended March 31, 2016 , were as follows: (DOLLARS IN THOUSANDS) Employee-Related Costs Accelerated Depreciation Total Balance at December 31, 2015 $ 7,882 $ — $ 7,882 Additional charges (reversals), net — 101 101 Non-cash charges — (101 ) (101 ) Payments and other costs (923 ) — (923 ) Balance at March 31, 2016 $ 6,959 $ — $ 6,959

Borrowings (Tables)

Borrowings (Tables)	3 Months Ended
	Mar. 31, 2016
Debt Disclosure [Abstract]
Components of Debt	Debt consists of the following: (DOLLARS IN THOUSANDS) Rate Maturities March 31, 2016 December 31, 2015 Senior notes - 2006 6.14 % 2016 $ 125,000 $ 125,000 Senior notes - 2007 6.40 % 2017-27 500,000 500,000 Senior notes - 2013 3.20 % 2023 299,816 299,809 Euro Senior notes - 2016 (1) 1.75 % 2024 561,070 — Credit facility 2.67 % 2019 — 131,196 Bank overdrafts and other 14,965 10,909 Deferred realized gains on interest rate swaps 2,796 3,279 1,503,647 1,070,193 Less: Current portion of long-term debt (133,692 ) (132,349 ) $ 1,369,955 $ 937,844

Stock Compensation Plans (Table

Stock Compensation Plans (Tables)	3 Months Ended
	Mar. 31, 2016
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Stock-Based Compensation Expense and Related Tax Benefits	Stock-based compensation expense and related tax benefits were as follows: Three Months Ended March 31, (DOLLARS IN THOUSANDS) 2016 2015 Equity-based awards $ 5,930 $ 5,387 Liability-based awards 593 1,907 Total stock-based compensation expense 6,523 7,294 Less: tax benefit (1,973 ) (2,187 ) Total stock-based compensation expense, after tax $ 4,550 $ 5,107

Segment Information (Tables)

Segment Information (Tables)	3 Months Ended
	Mar. 31, 2016
Segment Reporting [Abstract]
Reportable Segment Information	Reportable segment information is as follows: Three Months Ended March 31, (DOLLARS IN THOUSANDS) 2016 2015 Net sales: Flavors $ 372,508 $ 377,108 Fragrances 410,804 397,799 Consolidated $ 783,312 $ 774,907 Segment profit: Flavors $ 91,813 $ 92,727 Fragrances 89,237 81,598 Global expenses (13,870 ) (11,564 ) Restructuring and other charges, net (1) (101 ) (187 ) Acquisition and related costs (2) (1,037 ) (500 ) Operational improvement initiative costs (3) (268 ) (281 ) Spanish capital tax settlement (4) 1,446 — Operating profit 167,220 161,793 Interest expense (12,478 ) (11,095 ) Other income 154 5,710 Income before taxes $ 154,896 $ 156,408 (1) Restructuring and other charges, net relate to accelerated depreciation costs in Europe recorded in Cost of goods sold. (2) Acquisition and related costs are associated with the 2015 acquisition of Lucas Meyer as discussed in Note 3, including inventory step-up charges related to the inventory acquired. (3) Operational improvement initiative costs relate to accelerated depreciation costs in Asia in both the 2016 and 2015 periods. (4) The Spanish capital tax settlement represents interest received from the Spanish government related to the reversal of the unfavorable ruling the Spanish capital tax case from 2002, which was reversed during the year ended December 31, 2015.

Employee Benefits (Tables)

Employee Benefits (Tables)	3 Months Ended
	Mar. 31, 2016
Compensation and Retirement Disclosure [Abstract]
Pension and Other Defined Contribution Retirement Plan Expenses	Pension and other defined contribution retirement plan expenses included the following components: U.S. Plans Three Months Ended March 31, (DOLLARS IN THOUSANDS) 2016 2015 Service cost for benefits earned $ 771 $ 984 Interest cost on projected benefit obligation 6,007 5,953 Expected return on plan assets (8,069 ) (8,083 ) Net amortization and deferrals 1,387 5,203 Net periodic benefit cost 96 4,057 Defined contribution and other retirement plans 2,402 2,135 Total expense $ 2,498 $ 6,192 Non-U.S. Plans Three Months Ended March 31, (DOLLARS IN THOUSANDS) 2016 2015 Service cost for benefits earned $ 3,775 $ 4,383 Interest cost on projected benefit obligation 6,366 6,392 Expected return on plan assets (11,949 ) (12,950 ) Net amortization and deferrals 3,264 3,486 Loss due to settlements and special terminations — — Net periodic benefit cost 1,456 1,311 Defined contribution and other retirement plans 1,707 1,595 Total expense $ 3,163 $ 2,906
Postretirement Benefits Other Than Pension Expenses	Expense recognized for postretirement benefits other than pensions included the following components: Three Months Ended March 31, (DOLLARS IN THOUSANDS) 2016 2015 Service cost for benefits earned $ 215 $ 300 Interest cost on projected benefit obligation 787 1,082 Net amortization and deferrals (1,355 ) (711 ) Total postretirement benefit expense $ (353 ) $ 671

Financial Instruments (Tables)

Financial Instruments (Tables)	3 Months Ended
	Mar. 31, 2016
Investments, All Other Investments [Abstract]
Carrying Amount and Estimated Fair Values of Financial Instruments	The amounts recorded in the balance sheet (carrying amount) and the estimated fair values of financial instruments at March 31, 2016 and December 31, 2015 consisted of the following: March 31, 2016 December 31, 2015 Carrying Fair Carrying Fair (DOLLARS IN THOUSANDS) Cash and cash equivalents (1) $ 528,877 $ 528,877 $ 181,988 $ 181,988 Credit facilities and bank overdrafts (2) 14,965 14,965 142,105 142,105 Long-term debt: (3) Senior notes - 2006 125,000 126,861 125,000 127,717 Senior notes - 2007 500,000 572,663 500,000 563,855 Senior notes - 2013 299,816 301,249 299,809 290,830 Senior notes - 2016 561,070 578,271 — — (1) The carrying amount of cash and cash equivalents approximates fair value due to the short maturity of those instruments. (2) The carrying amount of our credit facilities and bank overdrafts approximates fair value as the interest rate is reset frequently based on current market rates as well as the short maturity of those instruments. (3) The fair value of our long-term debt was calculated using discounted cash flows applying current interest rates and current credit spreads based on our own credit risk.
Derivative Instruments Notional Amount Outstanding	The following table shows the notional amount of the Company’s derivative instruments outstanding as of March 31, 2016 and December 31, 2015 : (DOLLARS IN THOUSANDS) March 31, 2016 December 31, 2015 Foreign currency contracts $ 298,000 $ 256,200 Interest rate swaps $ 775,000 $ 775,000
Derivative Instruments Measured at Fair Value	The following tables show the Company’s derivative instruments measured at fair value (Level 2 of the fair value hierarchy), as reflected in the Consolidated Balance Sheets as of March 31, 2016 and December 31, 2015 : March 31, 2016 (DOLLARS IN THOUSANDS) Fair Value of Fair Value of Total Fair Derivative assets (a) Foreign currency contracts $ 1,912 $ 3,340 $ 5,252 Interest rate swaps 3,692 — 3,692 $ 5,604 $ 3,340 $ 8,944 Derivative liabilities (b) Foreign currency contracts $ 7,530 $ 4,174 $ 11,704 $ 7,530 $ 4,174 $ 11,704 December 31, 2015 (DOLLARS IN THOUSANDS) Fair Value of Fair Value of Total Fair Derivative assets (a) Foreign currency contracts $ 6,560 $ 3,700 $ 10,260 Interest rate swaps 1,210 — 1,210 $ 7,770 $ 3,700 $ 11,470 Derivative liabilities (b) Foreign currency contracts $ 2,106 $ 3,022 $ 5,128 (a) Derivative assets are recorded to Prepaid expenses and other current assets in the Consolidated Balance Sheet. (b) Derivative liabilities are recorded as Other current liabilities in the Consolidated Balance Sheet.
Derivative Instruments Which Were Not Designated as Hedging Instruments	The following table shows the effect of the Company’s derivative instruments which were not designated as hedging instruments in the Consolidated Statement of Comprehensive Income for the three months ended March 31, 2016 and 2015 (in thousands): Derivatives Not Designated as Hedging Instruments Amount of Gain (Loss) Location of Gain (Loss) Recognized in Income on Derivative Three Months Ended March 31, 2016 2015 Foreign currency contracts $ (4,943 ) $ 9,704 Other expense (income), net
Derivative Instruments Designated as Cash Flow and Net Investment Hedging Instruments	The following table shows the effect of the Company’s derivative instruments designated as cash flow and net investment hedging instruments in the Consolidated Statements of Comprehensive Income for the three months ended March 31, 2016 and 2015 (in thousands): Amount of (Loss) Gain Recognized in OCI on Derivative (Effective Portion) Location of (Loss) Gain Reclassified from AOCI into Income (Effective Portion) Amount of (Loss) Gain Reclassified from Accumulated OCI into Income (Effective Portion) Three Months Ended March 31, Three Months Ended March 31, 2016 2015 2016 2015 Derivatives in Cash Flow Hedging Relationships: Foreign currency contracts (7,003 ) 12,014 Cost of goods sold 2,616 1,023 Interest rate swaps (1) (3,175 ) 69 Interest expense (86 ) (69 ) Derivatives in Net Investment Hedging Relationships: Foreign currency contracts (2,404 ) 4,561 N/A — — Total $ (12,582 ) $ 16,644 $ 2,530 $ 954 (1) Interest rate swaps were entered into as pre-issuance hedges.

Accumulated Other Comprehensi28

Accumulated Other Comprehensive Income (Loss) (Tables)	3 Months Ended
	Mar. 31, 2016
Equity [Abstract]
Schedule of Changes in Accumulated Other Comprehensive Income (Loss)	The following tables present changes in the accumulated balances for each component of other comprehensive income, including current period other comprehensive income and reclassifications out of accumulated other comprehensive income: Foreign Currency Translation Adjustments (Losses) Gains on Derivatives Qualifying as Hedges Pension and Postretirement Liability Adjustment Total (DOLLARS IN THOUSANDS) Accumulated other comprehensive (loss) income, net of tax, as of December 31, 2015 $ (297,498 ) $ 9,401 $ (325,342 ) $ (613,439 ) OCI before reclassifications 14,077 (7,662 ) — 6,415 Amounts reclassified from AOCI — (2,530 ) 2,555 25 Net current period other comprehensive income (loss) 14,077 (10,192 ) 2,555 6,440 Accumulated other comprehensive (loss) income, net of tax, as of March 31, 2016 $ (283,421 ) $ (791 ) $ (322,787 ) $ (606,999 ) Foreign Currency Translation Adjustments (Losses) Gains on Derivatives Qualifying as Hedges Pension and Postretirement Liability Adjustment Total (DOLLARS IN THOUSANDS) Accumulated other comprehensive (loss) income, net of tax, as of December 31, 2014 $ (173,342 ) $ 12,371 $ (379,459 ) $ (540,430 ) OCI before reclassifications (50,515 ) 13,037 — (37,478 ) Amounts reclassified from AOCI — (954 ) 5,547 4,593 Net current period other comprehensive income (loss) (50,515 ) 12,083 5,547 (32,885 ) Accumulated other comprehensive (loss) income, net of tax, as of March 31, 2015 $ (223,857 ) $ 24,454 $ (373,912 ) $ (573,315 )
Reclassifications of Accumulated Other Comprehensive Income to Consolidated Statement of Comprehensive Income	The following table provides details about reclassifications out of accumulated other comprehensive income to the Consolidated Statement of Comprehensive Income: Three Months Ended March 31, 2016 Three Months Ended March 31, 2015 Affected Line Item in the (DOLLARS IN THOUSANDS) (Losses) gains on derivatives qualifying as hedges Foreign currency contracts $ 2,990 $ 1,169 Cost of goods sold Interest rate swaps (86 ) (69 ) Interest expense (374 ) (146 ) Provision for income taxes $ 2,530 $ 954 Total, net of income taxes (Losses) gains on pension and postretirement liability adjustments Prior service cost $ 1,864 $ 1,166 (a) Actuarial losses (5,160 ) (9,144 ) (a) 741 2,431 Provision for income taxes $ (2,555 ) $ (5,547 ) Total, net of income taxes (a) The amortization of prior service cost and actuarial loss is included in the computation of net periodic benefit cost. Refer to Note 14 of our 2015 Form 10-K for additional information regarding net periodic benefit cost.

Consolidated Financial Statem29

Consolidated Financial Statements Consolidated Financial Statements (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Accounting Policies [Abstract]
Proceeds from sale of finance receivables	$ 4.7	$ 6.5

Net Income Per Share - Reconcil

Net Income Per Share - Reconciliation of Shares Used in Computation of Basic and Diluted Net Income Per Share (Detail) - shares shares in Thousands	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Earnings Per Share [Abstract]
Basic (shares)	79,666	80,654
Assumed dilution under stock plans (shares)	389	541
Diluted (shares)	80,055	81,195

Net Income Per Share - Addition

Net Income Per Share - Additional Information (Detail) - USD ($) $ / shares in Units, $ in Millions	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Net income allocated to PRS	$ 0.6	$ 0.6
Maximum [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Difference amount between basic and diluted net income per share	$ 0.01	$ 0.01

Acquisitions (Details)

Acquisitions (Details) $ in Thousands, € in Millions	3 Months Ended
	Sep. 30, 2015EUR (€)	Sep. 30, 2015USD ($)	Jun. 30, 2015USD ($)	Mar. 31, 2016USD ($)	Dec. 31, 2015USD ($)
Business Acquisition [Line Items]
Goodwill				$ 951,177	$ 941,389
Lucas Meyer [Member]
Business Acquisition [Line Items]
Percentage of interests acquired		100.00%
Total consideration for acquisition	€ 284	$ 312,000
Cash Acquired from Acquisition		4,800
Cash paid for acquisition, net of cash received	282	309,700
Liability recorded for acquisition consideration	€ 2	2,200
Purchase price over carrying value of net assets		289,500
Intangible assets acquired		161,500
Goodwill		186,800
Deferred tax liabilities		$ 51,000
Henry H Ottens Manufacturing Co [Member]
Business Acquisition [Line Items]
Percentage of interests acquired			100.00%
Cash Acquired from Acquisition			$ 10,400
Cash paid for acquisition, net of cash received			$ 198,900
Minimum [Member] | Lucas Meyer [Member]
Business Acquisition [Line Items]
Acquired intangible assets useful life	10 years	10 years
Maximum [Member] | Lucas Meyer [Member]
Business Acquisition [Line Items]
Acquired intangible assets useful life	28 years	28 years

Goodwill and Other Intangible33

Goodwill and Other Intangible Assets, Net - Schedule of Movements in Goodwill (Details) $ in Thousands	3 Months Ended
	Mar. 31, 2016USD ($)
Goodwill and Intangible Assets Disclosure [Abstract]
Balance at December 31, 2015	$ 941,389
Foreign exchange	6,812
Other	2,976
Balance at March 31, 2016	$ 951,177

Restructuring and Other Charg34

Restructuring and Other Charges, Net - Additional Information (Detail) $ in Thousands	3 Months Ended
	Mar. 31, 2016USD ($)	Dec. 31, 2015USD ($)Position	Mar. 31, 2015USD ($)
Restructuring Cost and Reserve [Line Items]
Restructuring charge	$ 0		$ 187
Fragrance Ingredients Rationalization [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring charge	101
Payments for Restructuring and Other Costs	923
Expected restructuring costs	10,000
Accelerated Depreciation [Member] | Fragrance Ingredients Rationalization [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring charge	101
Payments for Restructuring and Other Costs	0
Restructuring, accelerated depreciation of fixed assets	$ 100
Employee Severance [Member] | 2015 Severance Initiatives [Member]
Restructuring Cost and Reserve [Line Items]
Number of positions expected to be eliminated | Position		150
Other Expense [Member] | Employee Severance [Member] | 2015 Severance Initiatives [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring charge		$ 7,600

Goodwill and Other Intangible35

Goodwill and Other Intangible Assets, Net - Schedule of Other Intangible Assets, Net (Detail) - USD ($) $ in Thousands	Mar. 31, 2016	Dec. 31, 2015
Finite-Lived Intangible Assets [Line Items]
Total carrying value	$ 465,425	$ 463,085
Total accumulated amortization	(163,337)	(157,081)
Other intangible assets, net	302,088	306,004
Customer relationships
Finite-Lived Intangible Assets [Line Items]
Total carrying value	288,876	293,799
Total accumulated amortization	(70,214)	(66,324)
Trade names & patents
Finite-Lived Intangible Assets [Line Items]
Total carrying value	38,871	34,182
Total accumulated amortization	(10,918)	(10,282)
Technological know-how
Finite-Lived Intangible Assets [Line Items]
Total carrying value	111,886	112,393
Total accumulated amortization	(65,920)	(65,258)
Other
Finite-Lived Intangible Assets [Line Items]
Total carrying value	25,792	22,711
Total accumulated amortization	$ (16,285)	$ (15,217)

Restructuring and Other Charg36

Restructuring and Other Charges, Net - Changes in Employee-Related Restructuring Liabilities (Detail) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Restructuring Reserve [Roll Forward]
Additional charges (reversals), net	$ 0	$ 187
Fragrance Ingredients Rationalization [Member]
Restructuring Reserve [Roll Forward]
Beginning Balance	7,882
Additional charges (reversals), net	101
Non-cash charges	(101)
Payments and other costs	(923)
Ending Balance	6,959
Fragrance Ingredients Rationalization [Member] | Employee -Related Costs [Member]
Restructuring Reserve [Roll Forward]
Beginning Balance	7,882
Additional charges (reversals), net	0
Non-cash charges	0
Payments and other costs	(923)
Ending Balance	6,959
Fragrance Ingredients Rationalization [Member] | Accelerated Depreciation [Member]
Restructuring Reserve [Roll Forward]
Beginning Balance	0
Additional charges (reversals), net	101
Non-cash charges	(101)
Payments and other costs	0
Ending Balance	$ 0

Goodwill and Other Intangible37

Goodwill and Other Intangible Assets, Net - Additional Information (Detail) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Goodwill and Intangible Assets Disclosure [Abstract]
Amortization of acquisition-related intangibles	$ 6,061	$ 1,840
Estimated annual amortization, 2016	23,100
Estimated annual amortization, 2017	22,500
Estimated annual amortization, 2018	21,900
Estimated annual amortization, 2019	20,500
Estimated annual amortization, 2020	19,800
Estimated annual amortization, 2021	$ 15,600

Borrowings - Components of Debt

Borrowings - Components of Debt (Detail) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2016	Mar. 14, 2016	Dec. 31, 2015
Debt Instrument [Line Items]
Total debt	$ 1,503,647		$ 1,070,193
Less: Current portion of long-term debt	(133,692)		(132,349)
Total long-term debt	$ 1,369,955		937,844
Senior Notes 2006 [Member]
Debt Instrument [Line Items]
Rate	6.14%
Maturities	2,016
Credit facilities	$ 125,000		125,000
Senior Notes 2007 [Member]
Debt Instrument [Line Items]
Rate	6.40%
Maturities	2017-27
Credit facilities	$ 500,000		500,000
Senior Notes 2007 [Member] | Minimum [Member]
Debt Instrument [Line Items]
Maturities	2,017
Senior Notes 2007 [Member] | Maximum [Member]
Debt Instrument [Line Items]
Maturities	2,027
Senior Notes 2013 [Member]
Debt Instrument [Line Items]
Rate	3.20%
Maturities	2,023
Credit facilities	$ 299,816		299,809
Senior Notes 2016 [Member]
Debt Instrument [Line Items]
Rate	1.75%	1.75%
Maturities	2,024
Credit facilities	$ 561,070		0
Revolver Borrowings [Member]
Debt Instrument [Line Items]
Rate	2.67%
Maturities	2,019
Credit facilities	$ 0		131,196
Bank overdrafts and other [Member]
Debt Instrument [Line Items]
Bank overdrafts and other	14,965		10,909
Deferred realized gains on interest rate swaps [Member]
Debt Instrument [Line Items]
Deferred realized gains on interest rate swaps	$ 2,796		$ 3,279

Borrowings Narrative (Details)

Borrowings Narrative (Details) $ in Millions	Mar. 14, 2016EUR (€)	Mar. 14, 2016USD ($)	Mar. 31, 2016USD ($)	Mar. 14, 2016USD ($)
Debt Instrument [Line Items]
Loss upon settlement of hedges			$ 3.2
Senior Notes 2016 [Member]
Debt Instrument [Line Items]
Debt face amount	€ 500,000,000			$ 556.6
Debt instrument stated rate (percent)	1.75%		1.75%	1.75%
Debt discount	€ 900,000			$ 1
Proceeds from debt issuance	496,000,000	$ 552.1
Debt underwriting discount	€ 3,100,000	$ 3.5
Other deferred financing costs				$ 1.3
Repurchase price of the principal amount outstanding (percent)	101.00%	101.00%
Repayment of debt			$ 131.2

Income Taxes - Additional Infor

Income Taxes - Additional Information (Detail) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Income Taxes [Line Items]
Tax settlement	$ 10.5
Spanish tax settlement [Member]
Income Taxes [Line Items]
Effective tax rate	23.40%	18.00%
Foreign Tax Authority [Member]
Income Taxes [Line Items]
Provision for uncertain tax positions	$ 23.3
2007-2012 [Member] | Minimum [Member]
Income Taxes [Line Items]
Income tax examination, years under examination	2,006
2007-2012 [Member] | Maximum [Member]
Income Taxes [Line Items]
Income tax examination, years under examination	2,015
Other Liabilities [Member]
Income Taxes [Line Items]
Unrecognized tax benefits that would impact effective tax rate	$ 22.5
Accrued interest and penalties	$ 0.8

Stock Compensation Plans - Stoc

Stock Compensation Plans - Stock-Based Compensation Expense and Related Tax Benefits (Detail) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total stock-based compensation expense	$ 6,523	$ 7,294
Less: tax benefit	(1,973)	(2,187)
Total stock-based compensation expense, after tax	4,550	5,107
Equity-based awards [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total stock-based compensation expense	5,930	5,387
Liability-based awards [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total stock-based compensation expense	$ 593	$ 1,907

Segment Information - Additiona

Segment Information - Additional Information (Detail) $ in Millions	3 Months Ended
	Mar. 31, 2016USD ($)segment	Mar. 31, 2015USD ($)
Revenues from External Customers and Long-Lived Assets [Line Items]
Number of segments | segment	2
US
Revenues from External Customers and Long-Lived Assets [Line Items]
Net sales	$ 180.4	$ 163.6
Foreign Countries
Revenues from External Customers and Long-Lived Assets [Line Items]
Net sales	$ 602.9	$ 611.3
Sales [Member] | Foreign Countries
Revenues from External Customers and Long-Lived Assets [Line Items]
Maximum percentage of total consolidated net sales attributed to any non-U.S. country	10.00%

Segment Information - Reportabl

Segment Information - Reportable Segment Information (Detail) - USD ($) $ in Thousands		3 Months Ended
		Mar. 31, 2016	Mar. 31, 2015
Net sales:
Net sales		$ 783,312	$ 774,907
Segment profit:
Operating profit		167,220	161,793
Interest expense		(12,478)	(11,095)
Other income, net		154	5,710
Income before taxes		154,896	156,408
Flavors [Member]
Net sales:
Net sales		372,508	377,108
Segment profit:
Operating profit		91,813	92,727
Fragrances [Member]
Net sales:
Net sales		410,804	397,799
Segment profit:
Operating profit		89,237	81,598
Global expenses [Member]
Segment profit:
Operating profit		(13,870)	(11,564)
Restructuring and other charges, net
Segment profit:
Operating profit	[1]	(101)	(187)
Acquisition and related costs
Segment profit:
Operating profit	[2]	(1,037)	(500)
Operational improvement initiative costs
Segment profit:
Operating profit	[3]	(268)	(281)
Spanish capital tax settlement
Segment profit:
Operating profit	[4]	$ 1,446	$ 0
[1]	Restructuring and other charges, net relate to accelerated depreciation costs in Europe recorded in Cost of goods sold.
[2]	Acquisition and related costs are associated with the 2015 acquisition of Lucas Meyer as discussed in Note 3, including inventory step-up charges related to the inventory acquired
[3]	Operational improvement initiative costs relate to accelerated depreciation costs in Asia in both the 2016 and 2015 periods.
[4]	The Spanish capital tax settlement represents interest received from the Spanish government related to the reversal of the unfavorable ruling the Spanish capital tax case from 2002, which was reversed during the year ended December 31, 2015.

Employee Benefits - Pension and

Employee Benefits - Pension and Other Defined Contribution Retirement Plan Expenses (Detail) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
U.S. Pension Plans [Member]
Defined Benefit Plan Disclosure [Line Items]
Service cost for benefits earned	$ 771	$ 984
Interest cost on projected benefit obligation	6,007	5,953
Expected return on plan assets	(8,069)	(8,083)
Net amortization and deferrals	1,387	5,203
Total postretirement benefit expense	96	4,057
Total expense	2,498	6,192
Non-U.S. Pension Plans [Member]
Defined Benefit Plan Disclosure [Line Items]
Service cost for benefits earned	3,775	4,383
Interest cost on projected benefit obligation	6,366	6,392
Expected return on plan assets	(11,949)	(12,950)
Net amortization and deferrals	3,264	3,486
Defined Benefit Plan, Recognized Net Gain (Loss) Due to Settlements and Curtailments	0	0
Total postretirement benefit expense	1,456	1,311
Total expense	3,163	2,906
United States Postretirement Benefit Plan of US Entity [Member]
Defined Benefit Plan Disclosure [Line Items]
Defined contribution and other retirement plans	2,402	2,135
Non-U.S. Pension Plans [Member]
Defined Benefit Plan Disclosure [Line Items]
Defined contribution and other retirement plans	$ 1,707	$ 1,595

Employee Benefits - Additional

Employee Benefits - Additional Information (Detail) $ in Millions	3 Months Ended
	Mar. 31, 2016USD ($)
Non-Qualified U.S. Pension Plan [Member]
Defined Benefit Plan Disclosure [Line Items]
Contribution to the plans	$ 1.1
Non-U.S. Pension Plans [Member]
Defined Benefit Plan Disclosure [Line Items]
Contribution to the plans	6.3
Postretirement Benefit Plan [Member]
Defined Benefit Plan Disclosure [Line Items]
Expected contribution to the plan	5
Contribution to other postretirement plans	1.3
Maximum [Member] | Non-U.S. Pension Plans [Member]
Defined Benefit Plan Disclosure [Line Items]
Expected contribution to the plan	$ 24

Employee Benefits - Postretirem

Employee Benefits - Postretirement Benefits Other Than Pension Expenses (Detail) - Postretirement Benefit Plan [Member] - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Defined Benefit Plan Disclosure [Line Items]
Service cost for benefits earned	$ 215	$ 300
Interest cost on projected benefit obligation	787	1,082
Net amortization and deferrals	(1,355)	(711)
Total postretirement benefit expense	$ (353)	$ 671

Financial Instruments - Carryin

Financial Instruments - Carrying Amount and Estimated Fair Values of Financial Instruments (Detail) - USD ($) $ in Thousands		Mar. 31, 2016	Dec. 31, 2015
Reported Value Measurement [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Cash and cash equivalents, at fair value	[1]	$ 528,877	$ 181,988
Credit facilities and bank overdrafts	[2]	14,965	142,105
Reported Value Measurement [Member] | Senior Notes 2006 [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Senior Notes, Noncurrent	[3]	125,000	125,000
Reported Value Measurement [Member] | Senior Notes 2007 [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Senior Notes, Noncurrent	[3]	500,000	500,000
Reported Value Measurement [Member] | Senior Notes 2013 [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Senior Notes, Noncurrent	[3]	299,816	299,809
Reported Value Measurement [Member] | Senior Notes 2016 [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Senior Notes, Noncurrent	[3]	561,070	0
Estimate of Fair Value Measurement [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Cash and cash equivalents, at fair value	[1]	528,877	181,988
Credit facilities and bank overdrafts	[2]	14,965	142,105
Estimate of Fair Value Measurement [Member] | Senior Notes 2006 [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Senior Notes, Noncurrent	[3]	126,861	127,717
Estimate of Fair Value Measurement [Member] | Senior Notes 2007 [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Senior Notes, Noncurrent	[3]	572,663	563,855
Estimate of Fair Value Measurement [Member] | Senior Notes 2013 [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Senior Notes, Noncurrent	[3]	301,249	290,830
Estimate of Fair Value Measurement [Member] | Senior Notes 2016 [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Senior Notes, Noncurrent	[3]	$ 578,271	$ 0
[1]	The carrying amount of cash and cash equivalents approximates fair value due to the short maturity of those instruments.
[2]	The carrying amount of our credit facilities and bank overdrafts approximates fair value as the interest rate is reset frequently based on current market rates as well as the short maturity of those instruments.
[3]	The fair value of our long-term debt was calculated using discounted cash flows applying current interest rates and current credit spreads based on our own credit risk.

Financial Instruments - Additio

Financial Instruments - Additional Information (Detail) - 3 months ended Mar. 31, 2016 € in Millions, $ in Millions	EUR (€)	USD ($)
Derivative [Line Items]
Derivative losses included in AOCI		$ 3
Interest rate swaps [Member] | Swap [Member]
Derivative [Line Items]
Loss on settlement of derivatives	€ (2.9)	$ 3.2

Financial Instruments - Derivat

Financial Instruments - Derivative Instruments Notional Amount Outstanding (Detail) - USD ($) $ in Thousands	Mar. 31, 2016	Dec. 31, 2015
Foreign currency contracts [Member]
Schedule Of Information By Major Category Of Credit Derivatives Contracts [Line Items]
Derivative instruments outstanding	$ 298,000	$ 256,200
Interest rate swaps [Member]
Schedule Of Information By Major Category Of Credit Derivatives Contracts [Line Items]
Derivative instruments outstanding	$ 775,000	$ 775,000

Financial Instruments - Deriv50

Financial Instruments - Derivative Instruments Measured at Fair Value (Detail) - USD ($) $ in Thousands		Mar. 31, 2016	Dec. 31, 2015
Derivatives, Fair Value [Line Items]
Total Fair Value, Derivative Assets	[1]	$ 8,944	$ 11,470
Total Fair Value, Derivative Liabilities	[2]	11,704
Foreign currency contracts [Member]
Derivatives, Fair Value [Line Items]
Total Fair Value, Derivative Assets	[1]	5,252	10,260
Total Fair Value, Derivative Liabilities	[2]	11,704	5,128
Interest rate swaps [Member]
Derivatives, Fair Value [Line Items]
Total Fair Value, Derivative Assets	[1]	3,692	1,210
Fair Value of Derivatives Designated as Hedging Instruments [Member]
Derivatives, Fair Value [Line Items]
Total Fair Value, Derivative Assets	[1]	5,604	7,770
Total Fair Value, Derivative Liabilities	[2]	7,530
Fair Value of Derivatives Designated as Hedging Instruments [Member] | Foreign currency contracts [Member]
Derivatives, Fair Value [Line Items]
Total Fair Value, Derivative Assets	[1]	1,912	6,560
Total Fair Value, Derivative Liabilities	[2]	7,530	2,106
Fair Value of Derivatives Designated as Hedging Instruments [Member] | Interest rate swaps [Member]
Derivatives, Fair Value [Line Items]
Total Fair Value, Derivative Assets	[1]	3,692	1,210
Fair Value of Derivatives Not Designated as Hedging Instruments [Member]
Derivatives, Fair Value [Line Items]
Total Fair Value, Derivative Assets	[1]	3,340	3,700
Total Fair Value, Derivative Liabilities	[2]	4,174
Fair Value of Derivatives Not Designated as Hedging Instruments [Member] | Foreign currency contracts [Member]
Derivatives, Fair Value [Line Items]
Total Fair Value, Derivative Assets	[1]	3,340	3,700
Total Fair Value, Derivative Liabilities	[2]	4,174	3,022
Fair Value of Derivatives Not Designated as Hedging Instruments [Member] | Interest rate swaps [Member]
Derivatives, Fair Value [Line Items]
Total Fair Value, Derivative Assets	[1]	$ 0	$ 0
[1]	Derivative assets are recorded to Prepaid expenses and other current assets in the Consolidated Balance Sheet.
[2]	Derivative liabilities are recorded as Other current liabilities in the Consolidated Balance Sheet.

Financial Instruments - Deriv51

Financial Instruments - Derivative Instruments Which Were Not Designated as Hedging Instruments (Detail) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Not Designated as Hedging Instrument [Member] | Foreign currency contracts [Member] | Other income (expense), net [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Amount of (Loss) Gain Recognized in Income on Derivative	$ (4,943)	$ 9,704

Financial Instruments - Deriv52

Financial Instruments - Derivative Instruments Designated as Cash Flow and Net Investment Hedging Instruments (Detail) - USD ($) $ in Thousands		3 Months Ended
		Mar. 31, 2016	Mar. 31, 2015
Derivative Instruments, Gain (Loss) [Line Items]
Amount of (Loss) Gain Recognized in OCI on Derivative (Effective Portion)		$ (12,582)	$ 16,644
Amount of (Loss) Gain Reclassified from Accumulated OCI into Income (Effective Portion)		2,530	954
Foreign currency contracts [Member] | Derivatives in Cash Flow Hedging Relationships [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Amount of (Loss) Gain Recognized in OCI on Derivative (Effective Portion)		(7,003)	12,014
Foreign currency contracts [Member] | Derivatives in Net Investment Hedging Relationships [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Amount of (Loss) Gain Recognized in OCI on Derivative (Effective Portion)		(2,404)	4,561
Foreign currency contracts [Member] | Cost of goods sold [Member] | Derivatives in Cash Flow Hedging Relationships [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Amount of (Loss) Gain Reclassified from Accumulated OCI into Income (Effective Portion)		2,616	1,023
Interest rate swaps [Member] | Derivatives in Cash Flow Hedging Relationships [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Amount of (Loss) Gain Recognized in OCI on Derivative (Effective Portion)	[1]	(3,175)	69
Interest rate swaps [Member] | Interest expense [Member] | Derivatives in Cash Flow Hedging Relationships [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Amount of (Loss) Gain Reclassified from Accumulated OCI into Income (Effective Portion)	[1]	$ (86)	$ (69)
[1]	Interest rate swaps were entered into as pre-issuance hedges.

Accumulated Other Comprehensi53

Accumulated Other Comprehensive Income (Loss) - Schedule of Changes in Accumulated Other Comprehensive Income (Loss) (Detail) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Accumulated Other Comprehensive Income (Loss) [Roll Forward]
Accumulated other comprehensive loss (income), net of tax, beginning balance	$ (613,439)	$ (540,430)
OCI before reclassifications	6,415	(37,478)
Amounts reclassified from AOCI	25	4,593
Net current period other comprehensive income (loss)	6,440	(32,885)
Accumulated other comprehensive loss (income), net of tax, ending balance	(606,999)	(573,315)
Accumulated Translation Adjustment [Member]
Accumulated Other Comprehensive Income (Loss) [Roll Forward]
Accumulated other comprehensive loss (income), net of tax, beginning balance	(297,498)	(173,342)
OCI before reclassifications	14,077	(50,515)
Amounts reclassified from AOCI	0	0
Net current period other comprehensive income (loss)	14,077	(50,515)
Accumulated other comprehensive loss (income), net of tax, ending balance	(283,421)	(223,857)
Accumulated Net Gain (Loss) from Designated or Qualifying Cash Flow Hedges [Member]
Accumulated Other Comprehensive Income (Loss) [Roll Forward]
Accumulated other comprehensive loss (income), net of tax, beginning balance	9,401	12,371
OCI before reclassifications	(7,662)	13,037
Amounts reclassified from AOCI	(2,530)	(954)
Net current period other comprehensive income (loss)	(10,192)	12,083
Accumulated other comprehensive loss (income), net of tax, ending balance	(791)	24,454
Accumulated Defined Benefit Plans Adjustment [Member]
Accumulated Other Comprehensive Income (Loss) [Roll Forward]
Accumulated other comprehensive loss (income), net of tax, beginning balance	(325,342)	(379,459)
OCI before reclassifications	0	0
Amounts reclassified from AOCI	2,555	5,547
Net current period other comprehensive income (loss)	2,555	5,547
Accumulated other comprehensive loss (income), net of tax, ending balance	$ (322,787)	$ (373,912)

Accumulated Other Comprehensi54

Accumulated Other Comprehensive Income (Loss) - Reclassifications of Accumulated Other Comprehensive Income to Consolidated Statement of Comprehensive Income (Detail) - USD ($) $ in Thousands		3 Months Ended
		Mar. 31, 2016	Mar. 31, 2015
Schedule Of Reclassification Of Accumulated Other Comprehensive Income Loss [Line Items]
(Losses) gains on derivatives qualifying as hedges, net of tax		$ 2,530	$ 954
Prior service cost	[1]	1,864	1,166
Actuarial losses	[1]	(5,160)	(9,144)
(Losses) gains on pension and postretirement liability adjustments, net of tax		(2,555)	(5,547)
Cost of goods sold [Member] | Foreign currency contracts [Member]
Schedule Of Reclassification Of Accumulated Other Comprehensive Income Loss [Line Items]
(Losses) gains on derivatives qualifying as hedges		2,990	1,169
Interest expense [Member] | Interest rate swaps [Member]
Schedule Of Reclassification Of Accumulated Other Comprehensive Income Loss [Line Items]
(Losses) gains on derivatives qualifying as hedges		(86)	(69)
Provision for income taxes [Member]
Schedule Of Reclassification Of Accumulated Other Comprehensive Income Loss [Line Items]
Provision for income taxes for (Losses) gains on derivatives qualifying as hedges		(374)	(146)
Provision for income taxes for gains (Losses) on pension and postretirement liability adjustments		$ 741	$ 2,431
[1]	The amortization of prior service cost and actuarial loss is included in the computation of net periodic benefit cost. Refer to Note 14 of our 2015 Form 10-K for additional information regarding net periodic benefit cost.

Commitments and Contingencies -

Commitments and Contingencies - Additional Information (Detail) € in Millions	3 Months Ended
	Mar. 31, 2016USD ($)property	Mar. 31, 2014EUR (€)	Mar. 31, 2014USD ($)	Dec. 31, 2015EUR (€)	Dec. 31, 2015USD ($)
Commitments And Contingencies [Line Items]
Bank guarantees related to appeals on income tax and indirect tax cases	$ 14,400,000
Available lines of credit	$ 72,400,000
Duration as potentially responsible party, years	20 years
Number of facilities under potentially responsible party investigation | property	8
Estimation of possible loss	$ 5,000,000
Bank guarantees and pledged assets to pursue defenses related to other contingencies	26,400,000
Estimate range of possible loss from other contingencies, minimum	0
Estimate range of possible loss from other contingencies, maximum	31,000,000
Payment of Litigation Settlement | €		€ 9.8
Bank guarantees and standby letters of credit [Member]
Commitments And Contingencies [Line Items]
Bank guarantees and letters of credit outstanding	40,000,000
Pledged assets [Member]
Commitments And Contingencies [Line Items]
The amount of pledged assets, principally PP&E to cover income tax and indirect tax assessments	12,000,000
Spanish capital tax settlement
Commitments And Contingencies [Line Items]
Payment of Litigation Settlement			$ 11,200,000
Estimated Litigation Liability				€ (9.8)	$ (10,500,000)
Additional income recorded related to amounts to be received	$ 1,400,000
Zhejiang Ingredients Plant [Member] | CHINA | Property, Plant and Equipment [Member]
Commitments And Contingencies [Line Items]
Percentage of PP&E (percent)	5.00%