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Document and Entity Information - shares	3 Months Ended
Document and Entity Information - shares	Mar. 31, 2015	Apr. 28, 2015
Document And Entity Information [Abstract]
Entity Registrant Name	INTERNATIONAL FLAVORS & FRAGRANCES INC
Entity Central Index Key	0000051253
Current Fiscal Year End Date	--12-31
Entity Filer Category	Large Accelerated Filer
Document Type	10-Q
Document Period End Date	Mar. 31, 2015
Document Fiscal Year Focus	2015
Document Fiscal Period Focus	Q1
Amendment Flag	false
Entity Common Stock, Shares Outstanding		80,886,358

Consolidated Balance Sheet - USD ($) $ in Thousands	Mar. 31, 2015	Dec. 31, 2014
Current Assets:
Cash and cash equivalents	$ 443,689	$ 478,573
Trade receivables (net of allowances of $7,795 and $9,147, respectively)	525,260	493,768
Inventories:
Raw materials	258,779	275,161
Work in process	19,845	17,705
Finished goods	257,841	275,863
Total Inventories	536,465	568,729
Deferred income taxes	17,127	27,709
Prepaid expenses and other current assets	232,569	141,248
Total Current Assets	1,755,110	1,710,027
Property, plant and equipment, at cost	1,713,269	1,766,746
Accumulated depreciation	(1,021,261)	(1,046,478)
Total Property Plant and Equipment	692,008	720,268
Goodwill	675,484	675,484
Other intangible assets, net	74,717	76,557
Deferred income taxes	178,948	183,047
Other assets	130,905	129,238
Total Assets	3,507,172	3,494,621
Current Liabilities:
Bank borrowings and overdrafts and current portion of long-term debt	8,379	8,090
Accounts payable	215,915	229,866
Accrued payroll and bonus	41,350	71,264
Dividends payable	37,959	37,968
Other current liabilities	183,717	171,620
Total Current Liabilities	487,320	518,808
Long-term debt	935,170	934,232
DEFERRED GAIN	45,815	46,535
Retirement liabilities	353,748	354,333
Other liabilities	113,022	118,024
Total Other Liabilities	1,447,755	1,453,124
Commitments and Contingencies (Note 12)
Shareholders' Equity:
Common stock 12 1/2¢ par value; authorized 500,000,000 shares; issued 115,858,190 shares as of March 31, 2015 and December 31, 2014; and outstanding 80,761,617 and 80,777,590 shares as of March 31, 2015 and December 31, 2014	14,470	14,470
Capital in excess of par value	135,619	140,008
Retained earnings	3,441,033	3,350,734
Accumulated other comprehensive loss	(573,315)	(540,430)
Treasury stock, at cost - 35,096,573 shares as of March 31, 2015 and 35,080,600 shares as of December 31, 2014	(1,450,490)	(1,446,221)
Total Shareholders' Equity	1,567,317	1,518,561
Noncontrolling interest	4,780	4,128
Total Shareholders' Equity including noncontrolling interest	1,572,097	1,522,689
Total Liabilities and Shareholders' Equity	$ 3,507,172	$ 3,494,621

Consolidated Balance Sheet (Parenthetical) - USD ($) $ in Thousands	Mar. 31, 2015	Dec. 31, 2014
Statement of Financial Position [Abstract]
Trade receivables allowances	$ 7,795	$ 9,147
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	80,761,617	80,777,590
Treasury stock, shares at cost	35,096,573	35,080,600

Consolidated Statement Of Comprehensive Income - USD ($) shares in Thousands, $ in Thousands	3 Months Ended
	Mar. 31, 2015	Mar. 31, 2014
Income Statement [Abstract]
Net sales	$ 774,907	$ 770,224
Cost of goods sold	428,630	428,812
Gross profit	346,277	341,412
Research and development expenses	63,462	61,504
Selling and administrative expenses	120,835	123,733
Restructuring and other charges, net	187	122
Operating profit	161,793	156,053
Interest expense	11,095	11,677
Other (income) expense, net	(5,710)	1,443
Income before taxes	156,408	142,933
Taxes on income	28,150	36,226
Net income	128,258	106,707
Other comprehensive income, after tax:
Foreign currency translation adjustments	(50,515)	(9,396)
Gains on derivatives qualifying as hedges	12,083	460
Pension and postretirement net liability	5,547	4,365
Net current period other comprehensive income (loss)	(32,885)	(4,571)
Total comprehensive income	$ 95,373	$ 102,136
Net income per share - basic, in dollars per share	$ 1.58	$ 1.31
Net income per share - diluted, in dollars per share	$ 1.57	$ 1.30
Average number of shares outstanding - basic	80,654	81,053
Average number of shares outstanding - diluted	81,195	81,732
Dividends declared per share, in dollars per share	$ 0.47	$ 0.39

Consolidated Statement Of Cash Flows - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2015	Mar. 31, 2014
Cash flows from operating activities:
Net income	$ 128,258	$ 106,707
Adjustments to reconcile to net cash provided by operating activities:
Depreciation and amortization	19,985	22,830
Deferred income taxes	13,932	8,246
Gain on disposal of assets	34	(811)
Stock-based compensation	5,387	4,695
Changes in assets and liabilities, net of Aromor acquisition:
Trade receivables	(62,891)	(41,569)
Inventories	13,172	(591)
Accounts payable	(3,061)	(11,989)
Accruals for incentive compensation	(27,675)	(62,282)
Other current payables and accrued expenses	20,264	1,096
Pension Contributions	(54,048)	(5,316)
Other assets/liabilities, net	(21,881)	13,977
Net cash provided by operating activities	31,476	34,993
Cash flows from investing activities:
Cash paid for acquisition, net of cash received (including $15 million of contingent consideration)	0	(102,400)
Additions to property, plant and equipment	(19,381)	(33,836)
Proceeds from life insurance contracts	0	12,308
Maturity of net investment hedges	0	(472)
Proceeds from disposal of assets	1,450	2,042
Net cash used in investing activities	(17,931)	(122,358)
Cash flows from financing activities:
Cash dividends paid to shareholders	(37,971)	(31,743)
Net change in revolving credit facility borrowings and overdrafts	265	1,309
Proceeds from issuance of stock under stock plans	227	913
Excess tax benefits on stock-based payments	8,597	315
Purchase of treasury stock	(10,660)	(20,122)
Net cash used in financing activities	(39,542)	(49,328)
Effect of exchange rate changes on cash and cash equivalents	(8,887)	(228)
Net change in cash and cash equivalents	(34,884)	(136,921)
Cash and cash equivalents at beginning of year	478,573	405,505
Cash and cash equivalents at end of period	443,689	268,584
Interest paid, net of amounts capitalized	19,697	20,033
Income taxes paid	$ 20,634	$ 18,681

Consolidated Statement Of Cash Flows (Parenthetical) $ in Millions	3 Months Ended
	Mar. 31, 2014 USD ($)
Statement of Cash Flows [Abstract]
Business acquisition contingent consideration	$ 15

Consolidated Financial Statements	3 Months Ended
Consolidated Financial Statements	Mar. 31, 2015
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 2014 Annual Report on Form 10-K (“2014 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 2015 and 2014 quarters, the actual closing dates were April 3 and March 28, 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. Recent Accounting Pronouncements In April 2015, the Financial Accounting Standards Board ("FASB") issued authoritative guidance which provides a practical expedient related to the measurement date of defined benefit plan assets and obligations. This guidance is effective for annual and interim periods beginning after December 15, 2015. The Company is currently evaluating the impact that this new standard will have on its consolidated financial statements. In April 2015, the FASB issued authoritative guidance which requires that debt issuance costs related to a recognized debt liability be presented in the balance sheet as a direct deduction from the carrying amount of that debt liability. This guidance is effective for fiscal years beginning after December 15, 2015 and interim periods within fiscal years beginning after December 15, 2016. The Company is currently evaluating the impact that this new standard will have on its consolidated financial statements. In February 2015, the FASB issued authoritative guidance related to Consolidation which will change the analysis that a reporting entity must perform to determine the criteria for consolidating certain types of entities. This guidance is effective for annual and interim periods beginning after December 15, 2015. The Company is currently evaluating the impact that this new standard will have on its consolidated financial statements. In May 2014, the FASB issued authoritative guidance to clarify the principles to be used to recognize revenue. The guidance is applicable to all entities and is effective for annual and interim periods beginning after December 15, 2016. Early adoption is not permitted. However, in April 2015, the FASB proposed a one-year deferral of the effective date. Under the proposal, the new guidance will be effective for reporting periods beginning after December 15, 2017. 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 $6.5 million for the three months ended March 31, 2015 compared to a decrease of approximately $14.3 million for the three months ended March 31, 2014. The cost of participating in these programs was immaterial to our results in all periods.

Net Income Per Share

3 Months Ended

Mar. 31, 2015

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)	2015	2014
Basic	80,654	81,053
Assumed dilution under stock plans	541	679
Diluted	81,195	81,732

There were no stock options or stock-settled appreciation rights (“SSARs”) excluded from the computation of diluted net income per share for the three months ended March 31, 2015 and 2014.

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, 2015 and 2014 was immaterial. Net income allocated to such PRS was $0.6 million and $0.7 million during the three months ended March 31, 2015 and 2014, respectively.

Restructuring and Other Charges, Net

3 Months Ended

Mar. 31, 2015

Restructuring and Related Activities [Abstract]

Restructuring and Other Charges, Net

Restructuring and Other Charges, Net:

In 2014, the Company closed its fragrance ingredients manufacturing facility in Augusta, Georgia and consolidated production into other Company facilities. In connection with this closure, during 2014 the Company recorded total charges of $13.8 million, consisting of $2.2 million of pre-tax charges related to severance included in Restructuring and other charges, net $10.3 million of non-cash charges related to accelerated depreciation included in Cost of goods sold, and $1.3 million in plant shutdown and other related costs in connection with the Fragrance Ingredients Rationalization. During the three months ended March 31, 2015, the Company recorded an additional $0.2 million of plant shutdown and other related costs included in Restructuring and other charges. As a result of this closure, 43 positions have been eliminated.

Changes in employee-related restructuring liabilities during the three months ended March 31, 2015 related to the Fragrance Ingredients Rationalization were as follows:



(DOLLARS IN THOUSANDS)	Employee-Related Costs			Accelerated Depreciation		Other			Total
December 31, 2014	$	759		$	—	$	—		$	759
Additional charges, net	—			—		187			187
Non-cash charges	—			—		—			—
Payments and other costs	(258		)	—		(187		)	(445		)
March 31, 2015	$	501		$	—	$	—		$	501

Other Intangible Assets, Net

3 Months Ended

Mar. 31, 2015

Goodwill and Intangible Assets Disclosure [Abstract]

Other Intangible Assets, Net

Other Intangible Assets, Net:

Other intangible assets, net consist of the following amounts:



	March 31,			December 31,
(DOLLARS IN THOUSANDS)	2015			2014
Gross carrying value ⁽¹⁾	$	218,676		$	218,676
Accumulated amortization	(143,959		)	(142,119		)
Total	$	74,717		$	76,557


⁽¹⁾	Includes patents, trademarks, technological know-how and other intellectual property, valued at acquisition.

Aromor

During the first quarter of 2014, the Company completed the acquisition of 100% of the equity of Aromor Flavors and Fragrances Ltd. ("Aromor"). Aromor is part of the IFF Fragrances Ingredients business. The Company paid $102.6 million (including $0.1 million of cash acquired) for this acquisition, which was funded out of existing cash resources. The purchase price exceeded the carrying value of existing net assets by approximately $56 million. The excess was allocated principally to identifiable intangible assets (approximately $53 million), goodwill (approximately $10 million) and approximately $9 million to deferred tax liabilities. Separately identifiable intangible assets are principally related to technological know-how. The intangible assets are amortized using lives ranging from 13-19 years. Additionally, the consideration included $15 million related to post-combination contingent consideration, held in escrow, which is being expensed by the Company as it is earned by the selling shareholders.

Amortization

Amortization expense was $1.8 million and $1.2 million for the three months ended March 31, 2015 and 2014, respectively. Annual amortization is expected to be $7.2 million for the years 2015 through 2018, and $6.5 million for the years 2019 and 2020.

- Definition

The entire disclosure for the aggregate amount of goodwill and a description of intangible assets, which may include (a) for amortizable intangible assets (also referred to as finite-lived intangible assets), the carrying amount, the amount of any significant residual value, and the weighted-average amortization period, (b) for intangible assets not subject to amortization (also referred to as indefinite-lived intangible assets), the carrying amount, and (c) the amount of research and development assets acquired and written off in the period, including the line item in the income statement in which the amounts written off are aggregated, if not readily apparent from the income statement. Also discloses (a) for amortizable intangibles assets in total and by major class, the gross carrying amount and accumulated amortization, the total amortization expense for the period, and the estimated aggregate amortization expense for each of the five succeeding fiscal years, (b) for intangible assets not subject to amortization the carrying amount in total and by major class, and (c) for goodwill, in total and for each reportable segment, the changes in the carrying amount of goodwill during the period (including the aggregate amount of goodwill acquired, the aggregate amount of impairment losses recognized, and the amount of goodwill included in the gain (loss) on disposal of a reporting unit). If any part of goodwill has not been allocated to a reportable segment, discloses the unallocated amount and the reasons for not allocating. For each impairment loss recognized related to an intangible asset (excluding goodwill), discloses: (a) a description of the impaired intangible asset and the facts and circumstances leading to the impairment, (b) the amount of the impairment loss and the method for determining fair value, (c) the caption in the income statement or the statement of activities in which the impairment loss is aggregated, and (d) the segment in which the impaired intangible asset is reported. For each goodwill impairment loss recognized, discloses: (a) a description of the facts and circumstances leading to the impairment, (b) the amount of the impairment loss and the method of determining the fair value of the associated reporting unit, and (c) if a recognized impairment loss is an estimate not finalized and the reasons why the estimate is not final. May also disclose the nature and amount of any significant adjustments made to a previous estimate of an impairment loss.

+ References + Details

Borrowings

3 Months Ended

Mar. 31, 2015

Debt Disclosure [Abstract]

Borrowings

Borrowings:

Debt consists of the following:



(DOLLARS IN THOUSANDS)	Rate		Maturities	March 31, 2015			December 31, 2014
Senior notes - 2007	6.40	%	2017-27	$	500,000		$	500,000
Senior notes - 2006	6.14	%	2016	125,000			125,000
Senior notes - 2013	3.20	%	2023	299,789			299,782
Bank overdrafts and other				14,032			12,335
Deferred realized gains on interest rate swaps				4,728			5,205
				943,549			942,322
Less: Current portion of long-term debt				(8,379		)	(8,090		)
				$	935,170		$	934,232

Income Taxes	3 Months Ended
Income Taxes	Mar. 31, 2015
Income Tax Disclosure [Abstract]
Income Taxes	Income Taxes: Uncertain Tax Positions At March 31, 2015, the Company had $14.8 million of unrecognized tax benefits recorded in Other liabilities and $0.7 million recorded in Other current liabilities. If these unrecognized tax benefits were recognized, the effective tax rate would be affected. At March 31, 2015, the Company had accrued interest and penalties of $0.8 million classified in Other liabilities and $0.5 million recorded in Other current liabilities. As of March 31, 2015, the Company’s aggregate provisions for uncertain tax positions, including interest and penalties, was $16.8 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 2005 to 2014. 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 12. Spanish Tax As of December 31, 2014, the Company had one outstanding income tax case in Spain relating to fiscal year 2002, which had been previously appealed by the Company. As of December 31, 2014, the Company had fully reserved the original assessment asserted by the Spanish Tax Authority. During the first quarter of 2015, the Company received a favorable ruling on this appeal and accordingly, reversed the total reserve related to the 2002 fiscal year (with a value of Euro 1.9 million or $2.3 million). As of March 31, 2015, the Company had an aggregate value of Euro 4.7 million ($5.1 million), which was fully reserved for and reflected in income taxes payable, related to three dividend withholding tax controversies in Spain, all of which have now been resolved. The Company made payments of Euro 3.5 ($3.8 million) in April 2015 related to two of the controversies and expects to make the remaining payment during the second quarter of 2015. As of March 31, 2015, the Company had posted bank guarantees of Euro 4.7 million ($5.1 million) associated with the appeals of these matters. Effective Tax Rate The effective tax rate for the three months ended March 31, 2015 was 18.0% compared with 25.3% for the three months ended March 31, 2014. The quarter-over-quarter decrease 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.

Stock Compensation Plans

3 Months Ended

Mar. 31, 2015

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, 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)	2015			2014
Equity-based awards	$	5,387		$	4,695
Liability-based awards	1,907			1,245
Total stock-based compensation expense	7,294			5,940
Less: tax benefit	(2,187		)	(1,726		)
Total stock-based compensation expense, after tax	$	5,107		$	4,214

On May 6, 2015, the shareholders of the Company approved the 2015 Stock Award and Incentive Plan (the "2015 Plan"). The 2015 Plan replaces the 2010 Stock Award and Incentive Plan (the “2010 Plan”). The total number of shares authorized for issuance under the Plan is 1,500,000 shares plus shares that remained available for issuance under the 2010 Plan as of May 6, 2015 and any shares subject to outstanding awards under the 2010 Plan that are cancelled, forfeited or expire.

Segment Information

3 Months Ended

Mar. 31, 2015

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)	2015			2014
Net sales:
Flavors	$	377,108		$	366,505
Fragrances	397,799			403,719
Consolidated	$	774,907		$	770,224
Segment profit:
Flavors	$	92,727		$	88,063
Fragrances	81,598			87,166
Global expenses	(11,564		)	(16,435		)
Restructuring and other charges, net	(187		)	(122		)
Acquisition and related costs ⁽¹⁾	(500		)	—
Operational improvement initiative costs ⁽²⁾	(281		)	(2,619		)
Operating profit	161,793			156,053
Interest expense	(11,095		)	(11,677		)
Other income (expense), net	5,710			(1,443		)
Income before taxes	$	156,408		$	142,933


(1)	Acquisition and related costs are associated with the acquisition of Henry H. Ottens Manufacturing Co., Inc., as discussed in Note 13.


(2)	Operational improvement initiative costs relate to the closing of a smaller facility in Europe and certain manufacturing activities in Asia, while transferring production to larger facilities in each respective region.

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, 2015 and 2014 were $164 million and $159 million, respectively. Net sales attributed to all foreign countries in total for the three months ended March 31, 2015 and 2014 were $611 million in both years. No country other than the U.S. had net sales in any period presented greater than 7.1% of total consolidated net sales.

- Definition

The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments.

+ References

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-Publisher FASB
-Name Accounting Standards Codification
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-Section 50
-Paragraph 31
-URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8924-108599

Reference 14: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 30
-URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8906-108599

+ Details

Employee Benefits

3 Months Ended

Mar. 31, 2015

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)	2015			2014
Service cost for benefits earned	$	984		$	885
Interest cost on projected benefit obligation	5,953			6,232
Expected return on plan assets	(8,083		)	(6,913		)
Net amortization and deferrals	5,203			4,255
Net periodic benefit cost	4,057			4,459
Defined contribution and other retirement plans	2,135			2,112
Total expense	$	6,192		$	6,571

Non-U.S. Plans	Three Months Ended March 31,
(DOLLARS IN THOUSANDS)	2015			2014
Service cost for benefits earned	$	4,383		$	3,948
Interest cost on projected benefit obligation	6,392			8,412
Expected return on plan assets	(12,950		)	(12,481		)
Net amortization and deferrals	3,486			2,955
Loss due to settlements and special terminations	—			—
Net periodic benefit cost	1,311			2,834
Defined contribution and other retirement plans	1,595			1,177
Total expense	$	2,906		$	4,011

The Company expects to contribute a total of approximately $30 million to its non-U.S. pension plans during 2015. During the three months ended March 31, 2015, $35.0 million of contributions were made to the qualified U.S. pension plans. In the three months ended March 31, 2015, $19.1 million of contributions were made to the non-U.S. plans. In the three months ended March 31, 2015, $1.1 million of benefit payments were made with respect to the Company’s non-qualified U.S. pension plan.

Expense recognized for postretirement benefits other than pensions included the following components:



	Three Months Ended March 31,
(DOLLARS IN THOUSANDS)	2015			2014
Service cost for benefits earned	$	300		$	323
Interest cost on projected benefit obligation	1,082			1,238
Net amortization and deferrals	(711		)	(978		)
Total postretirement benefit expense	$	671		$	583

The Company expects to contribute approximately $5 million to its postretirement benefits other than pension plans during 2015. In the three months ended March 31, 2015, $1.7 million of contributions were made.

Financial Instruments

3 Months Ended

Mar. 31, 2015

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 2014 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, 2015.

The amounts recorded in the balance sheet (carrying amount) and the estimated fair values of financial instruments at March 31, 2015 and December 31, 2014 consisted of the following:



	March 31, 2015				December 31, 2014
	Carrying Amount		Fair Value		Carrying Amount		Fair Value
(DOLLARS IN THOUSANDS)
Cash and cash equivalents ⁽¹⁾	$	443,689	$	443,689	$	478,573	$	478,573
Credit facilities and bank overdrafts ⁽²⁾	14,032		14,032		12,335		12,335
Long-term debt: ⁽³⁾
Senior notes - 2007	500,000		591,713		500,000		587,650
Senior notes - 2006	125,000		131,786		125,000		133,137
Senior notes - 2013	299,789		304,294		299,782		296,290


(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

We periodically enter 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, 2015 and the year ended December 31, 2014, we entered into 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.

During the three months ended March 31, 2015 and the year ended December 31, 2014, we 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 2014, we 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, 2015.

The following table shows the notional amount of the Company’s derivative instruments outstanding as of March 31, 2015 and December 31, 2014:



(DOLLARS IN THOUSANDS)	March 31, 2015		December 31, 2014
Foreign currency contracts	$	297,050	$	191,150
Interest rate swaps	$	425,000	$	425,000

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, 2015 and December 31, 2014:



	March 31, 2015
(DOLLARS IN THOUSANDS)	Fair Value of Derivatives Designated as Hedging Instruments		Fair Value of Derivatives Not Designated as Hedging Instruments		Total Fair Value
Derivative assets ^(a)
Foreign currency contracts	$	31,972	$	17,693	$	49,665
Interest rate swaps	2,676		—		2,676
	$	34,648	$	17,693	$	52,341
Derivative liabilities ^(b)
Foreign currency contracts	$	1,193	$	9,362	$	10,555
	$	1,193	$	9,362	$	10,555



	December 31, 2014
(DOLLARS IN THOUSANDS)	Fair Value of Derivatives Designated as Hedging Instruments		Fair Value of Derivatives Not Designated as Hedging Instruments		Total Fair Value
Derivative assets ^(a)
Foreign currency contracts	$	16,637	$	4,398	$	21,035
Interest rate swaps	683		—		683
	$	17,320	$	4,398	$	21,718
Derivative liabilities ^(b)
Foreign currency contracts	$	6	$	1,055	$	1,061


(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, 2015 and 2014 (in thousands):



Derivatives Not Designated as Hedging Instruments	Amount of Gain (Loss) Recognized in Income on Derivative					Location of Gain (Loss) Recognized in Income on Derivative
	Three Months Ended March 31,
	2015		2014
Foreign currency contracts	$	9,704	$	(2,926	)	Other (income) expense, 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, 2015 and 2014 (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,
	2015		2014				2015			2014
Derivatives in Cash Flow Hedging Relationships:
Foreign currency contracts	12,014		391			Cost of goods sold	1,023			(753		)
Interest rate swaps ⁽¹⁾	69		69			Interest expense	(69		)	(69		)
Derivatives in Net Investment Hedging Relationships:
Foreign currency contracts	4,561		(375		)	N/A	—			—
Total	$	16,644	$	85			$	954		$	(822	)

(1) Interest rate swaps were entered into as pre-issuance hedges for the $300 million bond offering.

No ineffectiveness was experienced in the above noted cash flow hedges during the three months ended March 31, 2015 and 2014. The ineffective portion of the net investment hedges was not material during the three months ended March 31, 2015 and 2014.

The Company expects that approximately $15.2 million (net of tax) of derivative gains included in AOCI at March 31, 2015, 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 Income (Loss)

3 Months Ended

Mar. 31, 2015

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, 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	)



	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, 2013	$	(104,278	)	$	(4,012	)	$	(284,421	)	$	(392,711	)
OCI before reclassifications	(9,396		)	(361		)	—			(9,757		)
Amounts reclassified from AOCI	—			821			4,365			5,186
Net current period other comprehensive income (loss)	(9,396		)	460			4,365			(4,571		)
Accumulated other comprehensive (loss) income, net of tax, as of March 31, 2014	$	(113,674	)	$	(3,552	)	$	(280,056	)	$	(397,282	)

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, 2015			Three Months Ended March 31, 2014			Affected Line Item in the Consolidated Statement of Comprehensive Income
(DOLLARS IN THOUSANDS)
(Losses) gains on derivatives qualifying as hedges
Foreign currency contracts	1,169			(1,038		)	Cost of goods sold
Interest rate swaps	(69		)	(69		)	Interest expense
	(146		)	286			Provision for income taxes
	$	954		$	(821	)	Total, net of income taxes
(Losses) gains on pension and postretirement liability adjustments
Prior service cost	1,166			1,111			^(a)
Actuarial losses	(9,144		)	(7,343		)	^(a)
	2,431			1,867			Provision for income taxes
	$	(5,547	)	$	(4,365	)	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 13 of our 2014 Form 10-K for additional information regarding net periodic benefit cost.

Commitments and Contingencies	3 Months Ended
Commitments and Contingencies	Mar. 31, 2015
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 regarding governmental requirements associated with pending litigation in various jurisdictions and to support its ongoing business operations. At March 31, 2015, we had total bank guarantees and standby letters of credit of approximately $36 million with various financial institutions. Of this amount, Euro 4.7 million ($5.1 million) in bank guarantees are related to governmental requirements on income tax disputes in Spain, as discussed in further detail in Note 9 of our 2014 Form 10-K. Also included in the above aggregate amount is a total of $16.4 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, 2015. 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 $15.5 million as of March 31, 2015. Lines of Credit The Company has various lines of credit which are available to support its ongoing business operations. At March 31, 2015, we had available lines of credit (in addition to the Credit Facility discussed in Note 8 of our 2014 Form 10-K) of approximately $74.5 million with various financial institutions. There were no significant amounts drawn down pursuant to these lines of credit as of March 31, 2015. 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. 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 $31.9 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 mid-2016. 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, 2015, we estimate a range of reasonably possible loss related to the matters above, collectively, is $0-$31 million. Separately, the Spanish tax authorities are alleging claims for a capital tax in a case arising from similar allegations as the income tax cases (discussed in further detail in Note 9 of our 2014 Form 10-K). In connection with the 2002 income tax assessment ruling the Appellate Court rejected one of the two bases upon which we based our capital tax position. However, we believe that we still have a strong basis for our capital tax position and intend to continue to defend these claims. On January 22, 2014, we filed an appeal and in order to avoid future interest costs in the event our appeal is unsuccessful, we paid $11.2 million (representing the principal amount) during the first quarter of 2014. If there is an unfavorable ruling in this case, we estimate a reasonably possible loss of approximately $13 million, which was fully reserved as of March 31, 2015.

Subsequent Events	3 Months Ended
Subsequent Events	Mar. 31, 2015
Subsequent Events [Abstract]
Subsequent Events	Subsequent Events: On May 1, 2015, the Company acquired 100% of the outstanding shares of Henry H. Ottens Manufacturing Co., Inc. Ottens Flavors ("Ottens") for approximately $190 million from existing cash resources. Ottens was acquired in order to strengthen the Flavors business in North America. This acquisition will be accounted for as a business combination and is not expected to have a material impact on the consolidated financial statements.

Consolidated Financial Statements (Policies)	3 Months Ended
Consolidated Financial Statements (Policies)	Mar. 31, 2015
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 2014 Annual Report on Form 10-K (“2014 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 2015 and 2014 quarters, the actual closing dates were April 3 and March 28, 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.
Recent Accounting Pronouncements	Recent Accounting Pronouncements In April 2015, the Financial Accounting Standards Board ("FASB") issued authoritative guidance which provides a practical expedient related to the measurement date of defined benefit plan assets and obligations. This guidance is effective for annual and interim periods beginning after December 15, 2015. The Company is currently evaluating the impact that this new standard will have on its consolidated financial statements. In April 2015, the FASB issued authoritative guidance which requires that debt issuance costs related to a recognized debt liability be presented in the balance sheet as a direct deduction from the carrying amount of that debt liability. This guidance is effective for fiscal years beginning after December 15, 2015 and interim periods within fiscal years beginning after December 15, 2016. The Company is currently evaluating the impact that this new standard will have on its consolidated financial statements. In February 2015, the FASB issued authoritative guidance related to Consolidation which will change the analysis that a reporting entity must perform to determine the criteria for consolidating certain types of entities. This guidance is effective for annual and interim periods beginning after December 15, 2015. The Company is currently evaluating the impact that this new standard will have on its consolidated financial statements. In May 2014, the FASB issued authoritative guidance to clarify the principles to be used to recognize revenue. The guidance is applicable to all entities and is effective for annual and interim periods beginning after December 15, 2016. Early adoption is not permitted. However, in April 2015, the FASB proposed a one-year deferral of the effective date. Under the proposal, the new guidance will be effective for reporting periods beginning after December 15, 2017. 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.

- Definition

Disclosure of accounting policy for trade and other accounts receivables. This disclosure may include the basis at which such receivables are carried in the entity's statements of financial position (for example, net realizable value), how the entity determines the level of its allowance for doubtful accounts, when impairments, charge-offs or recoveries are recognized, and the entity's income recognition policies for such receivables, including its treatment of related fees and costs, its treatment of premiums, discounts or unearned income, when accrual of interest is discontinued, how the entity records payments received on nonaccrual receivables and its policy for resuming accrual of interest on such receivables. If the enterprise holds a large number of similar loans, disclosure may include the accounting policy for the anticipation of prepayments and significant assumptions underlying prepayment estimates for amortization of premiums, discounts, and nonrefundable fees and costs.

+ References + Details

Net Income Per Share (Tables)

3 Months Ended

Mar. 31, 2015

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)	2015	2014
Basic	80,654	81,053
Assumed dilution under stock plans	541	679
Diluted	81,195	81,732

Restructuring and Other Charges, Net (Tables)

3 Months Ended

Mar. 31, 2015

Restructuring and Related Activities [Abstract]

Changes in Employee-Related Restructuring Liabilities

Changes in employee-related restructuring liabilities during the three months ended March 31, 2015 related to the Fragrance Ingredients Rationalization were as follows:



(DOLLARS IN THOUSANDS)	Employee-Related Costs			Accelerated Depreciation		Other			Total
December 31, 2014	$	759		$	—	$	—		$	759
Additional charges, net	—			—		187			187
Non-cash charges	—			—		—			—
Payments and other costs	(258		)	—		(187		)	(445		)
March 31, 2015	$	501		$	—	$	—		$	501

Other Intangible Assets, Net (Tables)

3 Months Ended

Mar. 31, 2015

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of Other Intangible Assets, Net

Other intangible assets, net consist of the following amounts:



	March 31,			December 31,
(DOLLARS IN THOUSANDS)	2015			2014
Gross carrying value ⁽¹⁾	$	218,676		$	218,676
Accumulated amortization	(143,959		)	(142,119		)
Total	$	74,717		$	76,557


⁽¹⁾	Includes patents, trademarks, technological know-how and other intellectual property, valued at acquisition.

Borrowings (Tables)

3 Months Ended

Mar. 31, 2015

Debt Disclosure [Abstract]

Components of Debt

Debt consists of the following:



(DOLLARS IN THOUSANDS)	Rate		Maturities	March 31, 2015			December 31, 2014
Senior notes - 2007	6.40	%	2017-27	$	500,000		$	500,000
Senior notes - 2006	6.14	%	2016	125,000			125,000
Senior notes - 2013	3.20	%	2023	299,789			299,782
Bank overdrafts and other				14,032			12,335
Deferred realized gains on interest rate swaps				4,728			5,205
				943,549			942,322
Less: Current portion of long-term debt				(8,379		)	(8,090		)
				$	935,170		$	934,232

Stock Compensation Plans (Tables)

3 Months Ended

Mar. 31, 2015

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)	2015			2014
Equity-based awards	$	5,387		$	4,695
Liability-based awards	1,907			1,245
Total stock-based compensation expense	7,294			5,940
Less: tax benefit	(2,187		)	(1,726		)
Total stock-based compensation expense, after tax	$	5,107		$	4,214

Segment Information (Tables)

3 Months Ended

Mar. 31, 2015

Segment Reporting [Abstract]

Reportable Segment Information

Reportable segment information is as follows:



	Three Months Ended March 31,
(DOLLARS IN THOUSANDS)	2015			2014
Net sales:
Flavors	$	377,108		$	366,505
Fragrances	397,799			403,719
Consolidated	$	774,907		$	770,224
Segment profit:
Flavors	$	92,727		$	88,063
Fragrances	81,598			87,166
Global expenses	(11,564		)	(16,435		)
Restructuring and other charges, net	(187		)	(122		)
Acquisition and related costs ⁽¹⁾	(500		)	—
Operational improvement initiative costs ⁽²⁾	(281		)	(2,619		)
Operating profit	161,793			156,053
Interest expense	(11,095		)	(11,677		)
Other income (expense), net	5,710			(1,443		)
Income before taxes	$	156,408		$	142,933


(1)	Acquisition and related costs are associated with the acquisition of Henry H. Ottens Manufacturing Co., Inc., as discussed in Note 13.


(2)	Operational improvement initiative costs relate to the closing of a smaller facility in Europe and certain manufacturing activities in Asia, while transferring production to larger facilities in each respective region.

Employee Benefits (Tables)

3 Months Ended

Mar. 31, 2015

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)	2015			2014
Service cost for benefits earned	$	984		$	885
Interest cost on projected benefit obligation	5,953			6,232
Expected return on plan assets	(8,083		)	(6,913		)
Net amortization and deferrals	5,203			4,255
Net periodic benefit cost	4,057			4,459
Defined contribution and other retirement plans	2,135			2,112
Total expense	$	6,192		$	6,571

Non-U.S. Plans	Three Months Ended March 31,
(DOLLARS IN THOUSANDS)	2015			2014
Service cost for benefits earned	$	4,383		$	3,948
Interest cost on projected benefit obligation	6,392			8,412
Expected return on plan assets	(12,950		)	(12,481		)
Net amortization and deferrals	3,486			2,955
Loss due to settlements and special terminations	—			—
Net periodic benefit cost	1,311			2,834
Defined contribution and other retirement plans	1,595			1,177
Total expense	$	2,906		$	4,011

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)	2015			2014
Service cost for benefits earned	$	300		$	323
Interest cost on projected benefit obligation	1,082			1,238
Net amortization and deferrals	(711		)	(978		)
Total postretirement benefit expense	$	671		$	583

Financial Instruments (Tables)

3 Months Ended

Mar. 31, 2015

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, 2015 and December 31, 2014 consisted of the following:



	March 31, 2015				December 31, 2014
	Carrying Amount		Fair Value		Carrying Amount		Fair Value
(DOLLARS IN THOUSANDS)
Cash and cash equivalents ⁽¹⁾	$	443,689	$	443,689	$	478,573	$	478,573
Credit facilities and bank overdrafts ⁽²⁾	14,032		14,032		12,335		12,335
Long-term debt: ⁽³⁾
Senior notes - 2007	500,000		591,713		500,000		587,650
Senior notes - 2006	125,000		131,786		125,000		133,137
Senior notes - 2013	299,789		304,294		299,782		296,290


(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, 2015 and December 31, 2014:



(DOLLARS IN THOUSANDS)	March 31, 2015		December 31, 2014
Foreign currency contracts	$	297,050	$	191,150
Interest rate swaps	$	425,000	$	425,000

Derivative Instruments Measured at Fair Value



	March 31, 2015
(DOLLARS IN THOUSANDS)	Fair Value of Derivatives Designated as Hedging Instruments		Fair Value of Derivatives Not Designated as Hedging Instruments		Total Fair Value
Derivative assets ^(a)
Foreign currency contracts	$	31,972	$	17,693	$	49,665
Interest rate swaps	2,676		—		2,676
	$	34,648	$	17,693	$	52,341
Derivative liabilities ^(b)
Foreign currency contracts	$	1,193	$	9,362	$	10,555
	$	1,193	$	9,362	$	10,555



	December 31, 2014
(DOLLARS IN THOUSANDS)	Fair Value of Derivatives Designated as Hedging Instruments		Fair Value of Derivatives Not Designated as Hedging Instruments		Total Fair Value
Derivative assets ^(a)
Foreign currency contracts	$	16,637	$	4,398	$	21,035
Interest rate swaps	683		—		683
	$	17,320	$	4,398	$	21,718
Derivative liabilities ^(b)
Foreign currency contracts	$	6	$	1,055	$	1,061


(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



Derivatives Not Designated as Hedging Instruments	Amount of Gain (Loss) Recognized in Income on Derivative					Location of Gain (Loss) Recognized in Income on Derivative
	Three Months Ended March 31,
	2015		2014
Foreign currency contracts	$	9,704	$	(2,926	)	Other (income) expense, net

Derivative Instruments Designated as Cash Flow and Net Investment Hedging Instruments



	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,
	2015		2014				2015			2014
Derivatives in Cash Flow Hedging Relationships:
Foreign currency contracts	12,014		391			Cost of goods sold	1,023			(753		)
Interest rate swaps ⁽¹⁾	69		69			Interest expense	(69		)	(69		)
Derivatives in Net Investment Hedging Relationships:
Foreign currency contracts	4,561		(375		)	N/A	—			—
Total	$	16,644	$	85			$	954		$	(822	)

(1) Interest rate swaps were entered into as pre-issuance hedges for the $300 million bond offering.

Accumulated Other Comprehensive Income (Loss) (Tables)

3 Months Ended

Mar. 31, 2015

Equity [Abstract]

Schedule of Changes in Accumulated Other Comprehensive Income (Loss)



	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	)



	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, 2013	$	(104,278	)	$	(4,012	)	$	(284,421	)	$	(392,711	)
OCI before reclassifications	(9,396		)	(361		)	—			(9,757		)
Amounts reclassified from AOCI	—			821			4,365			5,186
Net current period other comprehensive income (loss)	(9,396		)	460			4,365			(4,571		)
Accumulated other comprehensive (loss) income, net of tax, as of March 31, 2014	$	(113,674	)	$	(3,552	)	$	(280,056	)	$	(397,282	)

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, 2015			Three Months Ended March 31, 2014			Affected Line Item in the Consolidated Statement of Comprehensive Income
(DOLLARS IN THOUSANDS)
(Losses) gains on derivatives qualifying as hedges
Foreign currency contracts	1,169			(1,038		)	Cost of goods sold
Interest rate swaps	(69		)	(69		)	Interest expense
	(146		)	286			Provision for income taxes
	$	954		$	(821	)	Total, net of income taxes
(Losses) gains on pension and postretirement liability adjustments
Prior service cost	1,166			1,111			^(a)
Actuarial losses	(9,144		)	(7,343		)	^(a)
	2,431			1,867			Provision for income taxes
	$	(5,547	)	$	(4,365	)	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 13 of our 2014 Form 10-K for additional information regarding net periodic benefit cost.

Consolidated Financial Statements Consolidated Financial Statements (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2015	Mar. 31, 2014
Accounting Policies [Abstract]
Proceeds from sale of finance receivables	$ 6.5	$ 14.3

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, 2015	Mar. 31, 2014
Earnings Per Share [Abstract]
Basic (shares)	80,654	81,053
Assumed dilution under stock plans (shares)	541	679
Diluted (shares)	81,195	81,732

Net Income Per Share - Additional Information (Detail) - USD ($) $ / shares in Units, $ in Millions	3 Months Ended
	Mar. 31, 2015	Mar. 31, 2014
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Net income allocated to PRS	$ 0.6	$ 0.7
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

Restructuring and Other Charges, Net - Additional Information (Detail) $ in Thousands	3 Months Ended		12 Months Ended
	Mar. 31, 2015 USD ($) Positions	Mar. 31, 2014 USD ($)	Dec. 31, 2014 USD ($)
Restructuring Cost and Reserve [Line Items]
Restructuring charge	$ 187	$ 122
Fragrance Ingredients Rationalization [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring charge	187		$ 13,800
Restructuring, personnel-related costs			2,200
Restructuring, accelerated depreciation of fixed assets			10,300
Restructuring, plant shutdown and other related costs	$ 200
Expected number of positions eliminated \| Positions	43
Facility Closing [Member] \| Fragrance Ingredients Rationalization [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring Costs			$ 1,300

Restructuring and Other Charges, Net - Changes in Employee-Related Restructuring Liabilities (Detail) - USD ($) $ in Thousands	3 Months Ended		12 Months Ended
	Mar. 31, 2015	Mar. 31, 2014	Dec. 31, 2014
Restructuring Reserve [Roll Forward]
Additional charges, net	$ 187	$ 122
Fragrance Ingredients Rationalization [Member]
Restructuring Reserve [Roll Forward]
Beginning Balance	759
Additional charges, net	187		$ 13,800
Restructuring Reserve, Settled without Cash	0
Payments and other costs	(445)
Ending Balance	501		759
Fragrance Ingredients Rationalization [Member] \| Employee -Related Costs [Member]
Restructuring Reserve [Roll Forward]
Beginning Balance	759
Additional charges, net	0
Payments and other costs	(258)
Ending Balance	501		$ 759
Fragrance Ingredients Rationalization [Member] \| Accelerated Depreciation [Member]
Restructuring Reserve [Roll Forward]
Additional charges, net	0
Restructuring Reserve, Settled without Cash	0
Fragrance Ingredients Rationalization [Member] \| Other Restructuring [Member]
Restructuring Reserve [Roll Forward]
Additional charges, net	187
Payments and other costs	$ (187)

Other Intangible Assets, Net - Schedule of Other Intangible Assets, Net (Detail) - USD ($)
$ in Thousands

Mar. 31, 2015

Dec. 31, 2014

Goodwill and Intangible Assets Disclosure [Abstract]

Gross carrying value

^[1]

$ 218,676

Accumulated amortization

(143,959)

(142,119)

Total

$ 74,717

$ 76,557

[1]	Includes patents, trademarks, technological know-how and other intellectual property, valued at acquisition.

Other Intangible Assets, Net - Additional Information (Detail) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2015	Mar. 31, 2014	Dec. 31, 2014
Acquired Finite-Lived Intangible Assets [Line Items]
Goodwill	$ 675,484		$ 675,484
Business acquisition contingent consideration		$ 15,000
Amortization expense	1,800	$ 1,200
Estimated annual amortization, 2015	7,200
Estimated annual amortization, 2016	7,500
Estimated annual amortization, 2017	7,500
Estimated annual amortization, 2018	7,500
Estimated annual amortization, 2019	6,500
Estimated annual amortization, 2020	$ 6,500
Aromor [Member]
Acquired Finite-Lived Intangible Assets [Line Items]
Percentage of interests acquired		100.00%
Payments to acquire businesses		$ 102,600
Cash Acquired from Acquisition		100
Purchase price over carrying value of net assets		56,000
Intangible assets acquired		53,000
Goodwill		10,000
Deferred tax liabilities		9,000
Business acquisition contingent consideration		$ 15,000
Aromor [Member] \| Minimum [Member]
Acquired Finite-Lived Intangible Assets [Line Items]
Acquired intangible assets useful life		13 years
Aromor [Member] \| Maximum [Member]
Acquired Finite-Lived Intangible Assets [Line Items]
Acquired intangible assets useful life		19 years

Borrowings - Components of Debt (Detail) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2015	Dec. 31, 2014
Debt Instrument [Line Items]
Total debt	$ 943,549	$ 942,322
Less: Current portion of long-term debt	(8,379)	(8,090)
Total long-term debt	$ 935,170	934,232
Senior Notes 2007 [Member]
Debt Instrument [Line Items]
Rate	6.40%
Credit facilities	$ 500,000	500,000
Senior Notes 2007 [Member] \| Minimum [Member]
Debt Instrument [Line Items]
Maturities	2017
Senior Notes 2007 [Member] \| Maximum [Member]
Debt Instrument [Line Items]
Maturities	2027
Senior Notes 2006 [Member]
Debt Instrument [Line Items]
Rate	6.14%
Maturities	2016
Credit facilities	$ 125,000	125,000
Senior Notes 2013 [Member]
Debt Instrument [Line Items]
Rate	3.20%
Maturities	2023
Credit facilities	$ 299,789
Bank overdrafts and other [Member]
Debt Instrument [Line Items]
Bank overdrafts and other	14,032	12,335
Deferred realized gains on interest rate swaps [Member]
Debt Instrument [Line Items]
Deferred realized gains on interest rate swaps	$ 4,728	$ 5,205

Income Taxes - Additional Information (Detail) € in Millions, $ in Millions	3 Months Ended
	Mar. 31, 2015 EUR (€)	Mar. 31, 2015 USD ($)	Mar. 31, 2014	Mar. 31, 2015 USD ($)
Income Taxes [Line Items]
Provision for uncertain tax positions				$ 16.8
Settlements	€ 3.5	$ 3.8
Tax settlement		$ 10.5
Spanish tax settlement [Member]
Income Taxes [Line Items]
Effective tax rate	18.00%	18.00%	25.30%
1995-2001 [Member]
Income Taxes [Line Items]
Bank guarantees needed to be posted to proceed with tax appeals	€ 4.7			5.1
2007-2012 [Member] \| Minimum [Member]
Income Taxes [Line Items]
Income tax examination, years under examination	2005	2005
2007-2012 [Member] \| Maximum [Member]
Income Taxes [Line Items]
Income tax examination, years under examination	2014	2014
Other Liabilities [Member]
Income Taxes [Line Items]
Unrecognized tax benefits that would impact effective tax rate				14.8
Accrued interest and penalties				0.8
Other Current Liabilities [Member]
Income Taxes [Line Items]
Unrecognized tax benefits that would impact effective tax rate				0.7
Accrued interest and penalties				$ 0.5

Stock Compensation Plans - Stock-Based Compensation Expense and Related Tax Benefits (Detail) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2015	Mar. 31, 2014
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Authorized	1,500,000
Total stock-based compensation expense	$ 7,294	$ 5,940
Less: tax benefit	(2,187)	(1,726)
Total stock-based compensation expense, after tax	5,107	4,214
Equity-based awards [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total stock-based compensation expense	5,387	4,695
Liability-based awards [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total stock-based compensation expense	$ 1,907	$ 1,245

Segment Information - Additional Information (Detail) $ in Millions	3 Months Ended
	Mar. 31, 2015 USD ($) segment	Mar. 31, 2014 USD ($)
Segment Reporting [Abstract]
Number of segments \| segment	2
US
Revenues from External Customers and Long-Lived Assets [Line Items]
Net sales	$ 164	$ 159
Foreign Countries
Revenues from External Customers and Long-Lived Assets [Line Items]
Net sales	$ 611	$ 611
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	7.10%

Segment Information - Reportable Segment Information (Detail) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2015	Mar. 31, 2014
Net sales:
Net sales	$ 774,907	$ 770,224
Segment profit:
Operating profit	161,793	156,053
Restructuring and other charges, net	(187)	(122)
Acquisition and related costs	(500)	0
Operational improvement initiative costs	(281)	(2,619)
Interest expense	(11,095)	(11,677)
Other income, net	5,710	(1,443)
Income before taxes	156,408	142,933
Flavors [Member]
Net sales:
Net sales	377,108	366,505
Segment profit:
Operating profit	92,727	88,063
Fragrances [Member]
Net sales:
Net sales	397,799	403,719
Segment profit:
Operating profit	81,598	87,166
Global expenses [Member]
Segment profit:
Operating profit	$ (11,564)	$ (16,435)

Employee Benefits - Pension and Other Defined Contribution Retirement Plan Expenses (Detail) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2015	Mar. 31, 2014
U.S. Pension Plans [Member]
Defined Benefit Plan Disclosure [Line Items]
Service cost for benefits earned	$ 984	$ 885
Interest cost on projected benefit obligation	5,953	6,232
Expected return on plan assets	(8,083)	(6,913)
Net amortization and deferrals	5,203	4,255
Net periodic benefit cost	4,057	4,459
Defined contribution and other retirement plans	2,135	2,112
Total expense	6,192	6,571
Non-U.S. Pension Plans [Member]
Defined Benefit Plan Disclosure [Line Items]
Service cost for benefits earned	4,383	3,948
Interest cost on projected benefit obligation	6,392	8,412
Expected return on plan assets	(12,950)	(12,481)
Net amortization and deferrals	3,486	2,955
Loss due to settlements and special terminations	0	0
Net periodic benefit cost	1,311	2,834
Defined contribution and other retirement plans	1,595	1,177
Total expense	$ 2,906	$ 4,011

Employee Benefits - Additional Information (Detail) $ in Millions	3 Months Ended
	Mar. 31, 2015 USD ($)
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	19.1
Postretirement Benefit Plan [Member]
Defined Benefit Plan Disclosure [Line Items]
Expected contribution to the plan	5.0
Contribution to other postretirement plans	1.7
Maximum [Member] \| Non-Qualified U.S. Pension Plan [Member]
Defined Benefit Plan Disclosure [Line Items]
Expected contribution to the plan	35.0
Maximum [Member] \| Non-U.S. Pension Plans [Member]
Defined Benefit Plan Disclosure [Line Items]
Expected contribution to the plan	$ 30.0

Employee Benefits - Postretirement Benefits Other Than Pension Expenses (Detail) - Postretirement Benefit Plan [Member] - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2015	Mar. 31, 2014
Defined Benefit Plan Disclosure [Line Items]
Service cost for benefits earned	$ 300	$ 323
Interest cost on projected benefit obligation	1,082	1,238
Net amortization and deferrals	711	978
Net periodic benefit cost	$ 671	$ 583

Financial Instruments - Carrying Amount and Estimated Fair Values of Financial Instruments (Detail) - USD ($) $ in Thousands	Mar. 31, 2015	Dec. 31, 2014
Reported Value Measurement [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Cash and cash equivalents, at fair value	$ 443,689	$ 478,573
Credit facilities and bank overdrafts	14,032	12,335
Senior Notes, Noncurrent		299,782
Reported Value Measurement [Member] \| Senior Notes 2007 [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Senior Notes, Noncurrent	500,000	500,000
Reported Value Measurement [Member] \| Senior Notes 2006 [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Senior Notes, Noncurrent	125,000	125,000
Reported Value Measurement [Member] \| Senior Notes 2013 [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Senior Notes, Noncurrent	299,789
Estimate of Fair Value Measurement [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Cash and cash equivalents, at fair value	443,689	478,573
Credit facilities and bank overdrafts	14,032	12,335
Estimate of Fair Value Measurement [Member] \| Senior Notes 2007 [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Senior Notes, Noncurrent	591,713	587,650
Estimate of Fair Value Measurement [Member] \| Senior Notes 2006 [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Senior Notes, Noncurrent	131,786	133,137
Estimate of Fair Value Measurement [Member] \| Senior Notes 2013 [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Senior Notes, Noncurrent	$ 304,294	$ 296,290

Financial Instruments - Additional Information (Detail) $ in Millions	3 Months Ended
	Mar. 31, 2015 USD ($)
Derivatives, Fair Value [Line Items]
Derivative losses included in AOCI	$ 15.2
Derivatives in Cash Flow Hedging Relationships [Member] \| Cross currency swap [Member]
Derivatives, Fair Value [Line Items]
Derivative instrument maturity period (years)	10 years
Senior Notes 2013 [Member]
Derivatives, Fair Value [Line Items]
Senior Notes	$ 300.0

Financial Instruments - Derivative Instruments Notional Amount Outstanding (Detail) - USD ($) $ in Thousands	Mar. 31, 2015	Dec. 31, 2014
Foreign currency contracts [Member]
Schedule Of Information By Major Category Of Credit Derivatives Contracts [Line Items]
Derivative instruments outstanding	$ 297,050	$ 191,150
Interest rate swaps [Member]
Schedule Of Information By Major Category Of Credit Derivatives Contracts [Line Items]
Derivative instruments outstanding	$ 425,000	$ 425,000

Financial Instruments - Derivative Instruments Measured at Fair Value (Detail) - USD ($) $ in Thousands	Mar. 31, 2015	Dec. 31, 2014
Derivatives, Fair Value [Line Items]
Total Fair Value, Derivative Assets	$ 52,341	$ 21,718
Total Fair Value, Derivative Liabilities	10,555
Foreign currency contracts [Member]
Derivatives, Fair Value [Line Items]
Total Fair Value, Derivative Assets	49,665	21,035
Total Fair Value, Derivative Liabilities	10,555	1,061
Interest rate swaps [Member]
Derivatives, Fair Value [Line Items]
Total Fair Value, Derivative Assets	2,676	683
Fair Value of Derivatives Designated as Hedging Instruments [Member]
Derivatives, Fair Value [Line Items]
Total Fair Value, Derivative Assets	34,648	17,320
Total Fair Value, Derivative Liabilities	1,193
Fair Value of Derivatives Designated as Hedging Instruments [Member] \| Foreign currency contracts [Member]
Derivatives, Fair Value [Line Items]
Total Fair Value, Derivative Assets	31,972	16,637
Total Fair Value, Derivative Liabilities	1,193	6
Fair Value of Derivatives Designated as Hedging Instruments [Member] \| Interest rate swaps [Member]
Derivatives, Fair Value [Line Items]
Total Fair Value, Derivative Assets	2,676	683
Fair Value of Derivatives Not Designated as Hedging Instruments [Member]
Derivatives, Fair Value [Line Items]
Total Fair Value, Derivative Assets	17,693	4,398
Total Fair Value, Derivative Liabilities	9,362
Fair Value of Derivatives Not Designated as Hedging Instruments [Member] \| Foreign currency contracts [Member]
Derivatives, Fair Value [Line Items]
Total Fair Value, Derivative Assets	17,693	4,398
Total Fair Value, Derivative Liabilities	9,362	1,055
Fair Value of Derivatives Not Designated as Hedging Instruments [Member] \| Interest rate swaps [Member]
Derivatives, Fair Value [Line Items]
Total Fair Value, Derivative Assets	$ 0	$ 0

Financial Instruments - Derivative Instruments Which Were Not Designated as Hedging Instruments (Detail) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2015	Mar. 31, 2014
Fair Value of Derivatives Not Designated as Hedging Instruments [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	$ 9,704	$ (2,926)

Financial Instruments - Derivative Instruments Designated as Cash Flow and Net Investment Hedging Instruments (Detail) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2015	Mar. 31, 2014
Derivative Instruments, Gain (Loss) [Line Items]
Amount of (Loss) Gain Recognized in OCI on Derivative (Effective Portion)	$ 16,644	$ 85
Amount of (Loss) Gain Reclassified from Accumulated OCI into Income (Effective Portion)	954	(822)
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)	12,014	391
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)	4,561	(375)
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)	1,023	(753)
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)	69	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)	$ (69)	$ (69)

Financial Instruments - Derivative Instruments Designated as Cash Flow and Net Investment Hedging Instruments-additional information (Detail) - Derivatives in Cash Flow Hedging Relationships [Member]	3 Months Ended
	Mar. 31, 2015 USD ($)
Cross currency swap [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Derivative instrument maturity period (years)	10 years
Interest rate swaps [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Senior Notes	$ 300,000,000

Accumulated Other Comprehensive Income (Loss) - Schedule of Changes in Accumulated Other Comprehensive Income (Loss) (Detail) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2015	Mar. 31, 2014
Accumulated Other Comprehensive Income (Loss) [Roll Forward]
Accumulated other comprehensive loss (income), net of tax, beginning balance	$ (540,430)	$ (392,711)
OCI before reclassifications	(37,478)	(9,757)
Amounts reclassified from AOCI	4,593	5,186
Net current period other comprehensive income (loss)	(32,885)	(4,571)
Accumulated other comprehensive loss (income), net of tax, ending balance	(573,315)
Accumulated Translation Adjustment [Member]
Accumulated Other Comprehensive Income (Loss) [Roll Forward]
Accumulated other comprehensive loss (income), net of tax, beginning balance	(173,342)	(104,278)
OCI before reclassifications	(50,515)	(9,396)
Amounts reclassified from AOCI	0	0
Net current period other comprehensive income (loss)	(50,515)	(9,396)
Accumulated other comprehensive loss (income), net of tax, ending balance	(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	12,371	(4,012)
OCI before reclassifications	13,037	(361)
Amounts reclassified from AOCI	(954)	821
Net current period other comprehensive income (loss)	12,083	460
Accumulated other comprehensive loss (income), net of tax, ending balance	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	(379,459)	(284,421)
OCI before reclassifications	0	0
Amounts reclassified from AOCI	5,547	4,365
Net current period other comprehensive income (loss)	5,547	$ 4,365
Accumulated other comprehensive loss (income), net of tax, ending balance	$ (373,912)

- Definition

Accumulated change in equity from transactions and other events and circumstances from non-owner sources, net of tax effect, at period end. Excludes Net Income (Loss), and accumulated changes in equity from transactions resulting from investments by owners and distributions to owners. Includes foreign currency translation items, certain pension adjustments, unrealized gains and losses on certain investments in debt and equity securities, other than temporary impairment (OTTI) losses related to factors other than credit losses on available-for-sale and held-to-maturity debt securities that an entity does not intend to sell and it is not more likely than not that the entity will be required to sell before recovery of the amortized cost basis, as well as changes in the fair value of derivatives related to the effective portion of a designated cash flow hedge.

+ References + Details

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, 2015

Mar. 31, 2014

Schedule Of Reclassification Of Accumulated Other Comprehensive Income Loss [Line Items]

(Losses) gains on derivatives qualifying as hedges, net of tax

$ 954

$ (821)

Prior service cost

^[1]

1,166

1,111

Actuarial losses

^[1]

(9,144)

(7,343)

(Losses) gains on pension and postretirement liability adjustments, net of tax

(5,547)

(4,365)

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

1,169

(1,038)

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

(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

(146)

286

Provision for income taxes for gains (Losses) on pension and postretirement liability adjustments

$ 2,431

$ 1,867

[1]	The amortization of prior service cost and actuarial loss is included in the computation of net periodic benefit cost. Refer to Note 13 of our 2014 Form 10-K for additional information regarding net periodic benefit cost.

Commitments and Contingencies - Additional Information (Detail) - 3 months ended Mar. 31, 2015 € in Millions	EUR (€) property	USD ($) property
Commitments And Contingencies [Line Items]
Bank guarantees related to appeals on income tax and indirect tax cases		$ 16,400,000
Available lines of credit		$ 74,500,000
Duration as potentially responsible party, years	20 years	20 years
Number of facilities under potentially responsible party investigation \| property	8	8
Estimation of possible loss		$ 5,000,000
Bank guarantees and pledged assets to pursue defenses related to other contingencies		31,900,000
Estimate range of possible loss from other contingencies, minimum		0
Estimate range of possible loss from other contingencies, maximum		31,000,000
Bank guarantees and standby letters of credit [Member]
Commitments And Contingencies [Line Items]
Bank guarantees and letters of credit outstanding		36,000,000
Bank guarantees [Member]
Commitments And Contingencies [Line Items]
The amount of bank guarantees related to government requirements on income tax disputes	€ 4.7	5,100,000
Pledged assets [Member]
Commitments And Contingencies [Line Items]
The amount of pledged assets, principally PP&E to cover income tax and indirect tax assessments		15,500,000
Tax Contingencies [Member]
Commitments And Contingencies [Line Items]
Estimation of possible loss		13,000,000
Spanish Matter [Member]
Commitments And Contingencies [Line Items]
Payment of Litigation Settlement		$ 11,200,000

Subsequent Events (Details) - Henry H Ottens Manufacturing Co [Member] - Subsequent Event [Member] $ in Millions	May 01, 2015 USD ($)
Subsequent Event [Line Items]
Percentage of interests acquired	100.00%
Payments to acquire business	$ 190

Label	Element	Value
Accumulated Foreign Currency Adjustment Attributable to Parent [Member]
Accumulated Other Comprehensive Income (Loss), Net of Tax	us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax	$ (113,674,000)
Accumulated Defined Benefit Plans Adjustment Attributable to Parent [Member]
Accumulated Other Comprehensive Income (Loss), Net of Tax	us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax	(280,056,000)
Accumulated Net Gain (Loss) from Cash Flow Hedges Attributable to Parent [Member]
Accumulated Other Comprehensive Income (Loss), Net of Tax	us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax	$ (3,552,000)

- Definition

+ References + Details