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CONSOLIDATED STATEMENT OF INCOME (LOSS) AND COMPREHENSIVE INCOME (LOSS) - USD ($)
shares in Millions, $ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Sep. 30, 2025
Sep. 30, 2024
Income Statement [Abstract]        
Net sales $ 2,694 $ 2,925 $ 8,301 $ 8,713
Cost of sales 1,711 1,873 5,253 5,569
Gross profit 983 1,052 3,048 3,144
Research and development expenses 174 162 520 501
Selling and administrative expenses 421 495 1,365 1,478
Amortization of acquisition-related intangibles 146 146 434 467
Impairment of goodwill 0 0 1,153 64
Restructuring and other charges 16 1 54 6
Losses (gains) on sale of assets 0 1 (1) 11
Operating profit (loss) 226 249 (479) 639
Interest expense 48 74 180 236
Gain on extinguishment of debt 0 0 (488) 0
Losses (gains) on business disposals 0 20 111 (348)
Impairment of assets to be disposed of 108 32 108 284
Other expense, net 14 28 44 44
Income (loss) before income taxes 56 95 (434) 423
Provision (benefit) for income taxes 15 36 (44) 96
Net income (loss) 41 59 (390) 327
Net income attributable to non-controlling interests 1 1 2 4
Net income (loss) attributable to IFF shareholders $ 40 $ 58 $ (392) $ 323
Net income per share - basic (in dollars per share) $ 0.16 $ 0.23 $ (1.53) $ 1.27
Net income per share - diluted (in dollars per share) $ 0.16 $ 0.23 $ (1.53) $ 1.27
Average number of shares outstanding - basic (in shares) 256 256 256 255
Average number of shares outstanding - diluted (in shares) 257 257 256 256
Other comprehensive income (loss), after tax:        
Foreign currency translation adjustments $ (47) $ 555 $ 1,115 $ 134
Gains (losses) on derivatives qualifying as hedges; net of tax 0 1 (1) (5)
Pension and postretirement liability adjustment (1) (1) (50) 7
Net current period other comprehensive income (loss) (48) 555 1,064 136
Comprehensive income (loss) (7) 614 674 463
Comprehensive income attributable to non-controlling interests 1 1 2 4
Comprehensive income (loss) attributable to IFF shareholders $ (8) $ 613 $ 672 $ 459