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CONSOLIDATED STATEMENT OF INCOME (LOSS) AND COMPREHENSIVE INCOME (LOSS) - USD ($)
shares in Millions, $ in Millions
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Income Statement [Abstract]    
Net sales $ 3,226 $ 2,465
Cost of goods sold 2,081 1,711
Gross profit 1,145 754
Research and development expenses 157 143
Selling and administrative expenses 459 451
Amortization of acquisition-related intangibles 186 152
Restructuring and other charges 2 4
Operating profit 341 4
Interest expense 72 65
Other income, net (16) (7)
Income (loss) before taxes 285 (54)
Provision for (benefit from) income taxes 39 (14)
Net income (loss) 246 (40)
Net income attributable to noncontrolling interests 2 2
Net income (loss) attributable to IFF stockholders 244 (42)
Other comprehensive loss, after tax:    
Foreign currency translation adjustments (199) (417)
Gains on derivatives qualifying as hedges 0 4
Pension and postretirement liability adjustment 0 9
Net current period other comprehensive income (loss) (199) (404)
Comprehensive Income (Loss), Net of Tax, Including Portion Attributable to Noncontrolling Interest 47 (444)
Comprehensive income (loss) attributable to IFF stockholders $ 45 $ (446)
Net income per share - basic (in dollars per share) $ 0.96 $ (0.21)
Net income per share - diluted (in dollars per share) $ 0.96 $ (0.21)
Average number of shares outstanding - basic (in shares) 255 206
Average number of shares outstanding - diluted (in shares) 255 206
Dividends declared per share, in dollars per share $ 0.79 $ 0.77