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Revision of Previously Issued Financial Statements (Tables)
 9 Months Ended
Sep. 30, 2025
Accounting Changes and Error Corrections [Abstract]  
Schedule of Error Corrections and Prior Period Adjustments
The following tables reflect the impact of the revision to the specific line items presented in our previously reported financial information for the periods impacted by the revision. The Consolidated Statements of Income (Loss) and Comprehensive Income (Loss) and the Consolidated Statements of Cash Flows for the three months ended March 31, 2025 are not presented as the period was not impacted by the revision.
Impacts to Consolidated Statements of Income (Loss) and Comprehensive Income (Loss)
Year Ended December 31, 2024Year Ended December 31, 2023
(DOLLARS IN MILLIONS EXCEPT PER SHARE AMOUNTS)As ReportedAdjustmentsAs RevisedAs ReportedAdjustmentsAs Revised
Loss on assets classified as held for sale$347 $(30)$317 $— $— $— 
Income (loss) before income taxes278 30 308 (2,518)— (2,518)
Provision for income taxes31 10 41 45 24 69 
Net income (loss)247 20 267 (2,563)(24)(2,587)
Net income (loss) attributable to IFF shareholders243 20 263 (2,567)(24)(2,591)
Net income (loss) per share - basic$0.95 $0.09 $1.04 $(10.05)$(0.09)$(10.14)
Net income (loss) per share - diluted$0.95 $0.09 $1.04 $(10.05)$(0.09)$(10.14)
Comprehensive income (loss)(384)20 (364)(2,261)(24)(2,285)
Comprehensive income (loss) attributable to IFF shareholders $(388)$20 $(368)$(2,265)$(24)$(2,289)
Six Months Ended June 30, 2025Three Months Ended June 30, 2025
(DOLLARS IN MILLIONS EXCEPT PER SHARE AMOUNTS)As ReportedAdjustmentsAs RevisedAs ReportedAdjustmentsAs Revised
Loss on Business Disposals$81 $30 $111 $81 $30 $111 
Income (loss) before income taxes(460)(30)(490)534 (30)504 
(Benefit) for income taxes(55)(4)(59)(78)(4)(82)
Net income (loss)(405)(26)(431)612 (26)586 
Net income (loss) attributable to IFF shareholders(406)(26)(432)612 (26)586 
Net income (loss) per share - basic$(1.59)$(0.10)$(1.69)$2.39 $(0.10)$2.29 
Net income (loss) per share - diluted$(1.59)$(0.10)$(1.69)$2.38 $(0.10)$2.28 
Comprehensive income (loss)707 (26)681 1,320 (26)1,294 
Comprehensive income (loss) attributable to IFF shareholders $706 $(26)$680 $1,320 $(26)$1,294 
Three Months Ended December 31, 2024Nine Months Ended September 30, 2024
(DOLLARS IN MILLIONS EXCEPT PER SHARE AMOUNTS)As ReportedAdjustmentsAs RevisedAs ReportedAdjustmentsAs Revised
Loss on assets classified as held for sale$33 $— $33 $314 $(30)$284 
Income (loss) before income taxes(115)— (115)393 30 423 
Provision (benefit) for income taxes(69)14 (55)100 (4)96 
Net income (loss)(46)(14)(60)293 34 327 
Net income (loss) attributable to IFF shareholders(46)(14)(60)289 34 323 
Net income (loss) per share - basic$(0.18)$(0.05)$(0.23)$1.13 $0.14 $1.27 
Net income (loss) per share - diluted$(0.18)$(0.05)$(0.23)$1.13 $0.14 $1.27 
Comprehensive income (loss)(813)(14)(827)429 34 463 
Comprehensive income (loss) attributable to IFF shareholders $(813)$(14)$(827)$425 $34 $459 
Three Months Ended September 30, 2024Six Months Ended June 30, 2024
(DOLLARS IN MILLIONS EXCEPT PER SHARE AMOUNTS)As ReportedAdjustmentsAs RevisedAs ReportedAdjustmentsAs Revised
Loss on assets classified as held for sale$32 $— $32 $282 $(30)$252 
Income (loss) before income taxes95 — 95 298 30 328 
Provision (benefit) for income taxes35 1 36 65 (5)60 
Net income (loss)60 (1)59 233 35 268 
Net income (loss) attributable to IFF shareholders59 (1)58 230 35 265 
Net income (loss) per share - basic$0.23 $— $0.23 $0.90 $0.14 $1.04 
Net income (loss) per share - diluted$0.23 $— $0.23 $0.90 $0.14 $1.04 
Comprehensive income (loss)615 (1)614 (186)35 (151)
Comprehensive income (loss) attributable to IFF shareholders $614 $(1)$613 $(189)$35 $(154)
Three Months Ended June 30, 2024Three Months Ended March 31, 2024
(DOLLARS IN MILLIONS EXCEPT PER SHARE AMOUNTS)As ReportedAdjustmentsAs RevisedAs ReportedAdjustmentsAs Revised
Loss on assets classified as held for sale$282 $(30)$252 $— $— $— 
Income (loss) before income taxes183 30 213 115 — 115 
Provision (benefit) for income taxes11 6 17 54 (11)43 
Net income (loss)172 24 196 61 11 72 
Net income (loss) attributable to IFF shareholders170 24 194 60 11 71 
Net income (loss) per share - basic$0.67 $0.09 $0.76 $0.23 $0.05 $0.28 
Net income (loss) per share - diluted$0.66 $0.10 $0.76 $0.23 $0.05 $0.28 
Comprehensive income (loss)48 24 72 (234)11 (223)
Comprehensive income (loss) attributable to IFF shareholders $46 $24 $70 $(235)$11 $(224)
Impacts to Consolidated Balance Sheets
December 31, 2024December 31, 2023
(DOLLARS IN MILLIONS)As ReportedAdjustmentsAs RevisedAs ReportedAdjustmentsAs Revised
Assets held for sale$3,030 $26 $3,056 $506 $— $506 
Prepaid expenses and other current assets737 (51)686 875 (8)867 
Total Current Assets7,993 (25)7,968 6,293 (8)6,285 
Goodwill9,080 (5)9,075 10,635 (9)10,626 
Operating lease right-of-use assets573 16 589 689 — 689 
Other Assets837 70 907 764 50 814 
Total Assets28,667 56 28,723 30,978 33 31,011 
Other current liabilities783 19 802 977 11 988 
Total Current Liabilities4,333 19 4,352 3,758 11 3,769 
Deferred income taxes1,592 2 1,594 1,937 (7)1,930 
Operating lease liabilities534 16 550 642 — 642 
Other Liabilities566 61 627 560 91 651 
Total Other Liabilities10,423 79 10,502 12,578 84 12,662 
Accumulated deficit(2,605)(42)(2,647)(2,439)(62)(2,501)
Total Shareholders’ Equity13,876 (42)13,834 14,611 (62)14,549 
Total Shareholders’ Equity including Non-controlling interests13,911 (42)13,869 14,642 (62)14,580 
Total Liabilities and Shareholders’ Equity$28,667 $56 $28,723 $30,978 $33 $31,011 
Impacts to Consolidated Statements of Shareholders’ Equity
As ReportedAdjustmentsAs Revised
(DOLLARS IN MILLIONS)Retained Earnings (Accumulated Deficit)TotalRetained Earnings (Accumulated Deficit)Retained Earnings (Accumulated Deficit)Total
Balance at January 1, 2023$955 $17,685 $(38)$917 $17,647 
Net income (loss)(2,567)(2,563)(24)(2,591)(2,587)
Balance at December 31, 2023(2,439)14,642 (62)(2,501)14,580 
Balance at January 1, 2024(2,439)14,642 (62)(2,501)14,580 
Net income (loss)243 247 20 263 267 
Balance at December 31, 2024$(2,605)$13,911 $(42)$(2,647)$13,869 
The Company’s Consolidated Statements of Shareholders’ Equity for the interim periods were also affected by the revised retained earnings (accumulated deficit) amounts for the periods presented above.
Impacts to Consolidated Statements of Cash Flows