Net Income Per Share (Tables)

6 Months Ended

Jun. 30, 2024

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 June 30,				Six Months Ended June 30,
(AMOUNTS IN MILLIONS EXCEPT PER SHARE AMOUNTS)	2024		2023		2024		2023
Net Income
Net income attributable to IFF shareholders	$	170	$	27	$	230	$	18
Adjustment related to (increase) in redemption value of redeemable non-controlling interests in excess of earnings allocated	—		(1)		—		(1)
Net income available to IFF shareholders	$	170	$	26	$	230	$	17
Shares
Weighted average common shares outstanding (basic)	255		255		255		255
Adjustment for assumed dilution:
Stock options and restricted stock awards	1		—		1		—
Weighted average shares assuming dilution (diluted)	256		255		256		255
Net Income per Share
Net income per share - basic(1)	$	0.67	$	0.11	$	0.90	$	0.07
Net income per share - diluted(1)	0.66		0.11		0.90		0.07

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(1)For the three months ended June 30, 2023, the basic and diluted net income per share cannot be recalculated based on the information presented in the table above due to rounding.