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CONSOLIDATED STATEMENT OF INCOME AND COMPREHENSIVE INCOME - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
Income Statement [Abstract]      
Net sales $ 5,084,239 $ 5,140,084 $ 3,977,539
Cost of goods sold 2,998,373 3,027,336 2,294,832
Gross profit 2,085,866 2,112,748 1,682,707
Research and development expenses 356,863 346,128 311,583
Selling and administrative expenses 948,833 876,121 707,461
Restructuring and other charges, net 17,295 29,765 5,079
Amortization of acquisition-related intangibles 192,607 193,097 75,879
Losses (gains) on sale of fixed assets 3,784 2,367 (1,177)
Operating profit 566,484 665,270 583,882
Interest expense 131,802 138,221 132,558
Loss on extinguishment of debt 0 0 38,810
Other income, net (6,689) (30,403) (35,243)
Income before taxes 441,371 557,452 447,757
Taxes on income 73,999 97,184 107,976
Net income 367,372 460,268 339,781
Net income attributable to noncontrolling interests 4,144 4,395 2,479
Net income available to IFF common shareholders 363,228 455,873 337,302
Other comprehensive income:      
Foreign currency translation adjustments 88,132 23,953 (99,580)
(Losses) gains on derivatives qualifying as hedges (8,938) (2,678) 15,078
Pension and postretirement liability adjustment (59,841) (35,942) 19,757
Comprehensive income attributable to IFF stockholders $ 382,581 $ 441,206 $ 272,557
Net income per share - basic (in dollars per share) $ 3.25 $ 4.05 $ 3.81
Net income per share - diluted (in dollars per share) $ 3.21 $ 4.00 $ 3.79
Average number of shares outstanding - basic (in shares) 112,162 111,966 87,551
Average number of shares outstanding - diluted (in shares) 113,630 113,307 88,121