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CONSOLIDATED STATEMENT OF INCOME AND COMPREHENSIVE INCOME - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
Income Statement [Abstract]        
Net sales $ 1,198,773 $ 1,291,568 $ 2,546,090 $ 2,588,970
Cost of goods sold 716,931 745,329 1,498,381 1,511,472
Gross profit 481,842 546,239 1,047,709 1,077,498
Research and development expenses 80,948 84,816 166,857 175,412
Selling and administrative expenses 230,407 210,100 460,121 423,282
Amortization of acquisition-related intangibles 48,834 47,909 97,184 95,534
Restructuring and other charges, net 1,884 2,525 6,802 18,699
Losses on sales of fixed assets 399 952 1,153 764
Operating profit 119,370 199,937 315,592 363,807
Interest expense 32,062 32,593 64,202 69,165
Other income, net (15,757) (2,137) (5,183) (9,415)
Income before taxes 103,065 169,481 256,573 304,057
Taxes on income 15,699 30,612 41,996 53,974
Net income 87,366 138,869 214,577 250,083
Net income attributable to noncontrolling interests 1,162 2,492 3,766 4,877
Net income attributable to IFF stockholders 86,204 136,377 210,811 245,206
Other comprehensive income (loss), net, after tax:        
Foreign currency translation adjustments 146,468 (14,014) (305,810) 28,363
(Losses) gains on derivatives qualifying as hedges (3,101) 415 (1,654) 318
Pension and postretirement net liability 3,375 2,594 6,892 5,187
Net current period other comprehensive income (loss) 146,742 (11,005) (300,572) 33,868
Comprehensive income (loss) attributable to IFF stockholders $ 232,946 $ 125,372 $ (89,761) $ 279,074
Net income per share - basic (in dollars per share) $ 0.75 $ 1.21 $ 1.91 $ 2.19
Net income per share - diluted (in dollars per share) $ 0.74 $ 1.20 $ 1.89 $ 2.16
Average number of shares outstanding - basic (in shares) 112,177 111,996 112,130 111,930
Average number of shares outstanding - diluted (in shares) 113,675 112,872 113,635 113,131