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Net Income Per Share (Tables)
 12 Months Ended
Dec. 31, 2020
Earnings Per Share [Abstract]  
Reconciliation of Shares Used in Computations of Basic and Diluted Net Income Per Share
Basic and diluted net income per share is based on the weighted average number of shares outstanding. A reconciliation of shares used in the computation of basic and diluted net income per share is as follows:
December 31,
(DOLLARS IN THOUSANDS)202020192018
Net Income
Net income attributable to IFF stockholders$363,228 $455,873 $337,302 
Adjustment related to (increase) decrease in redemption value of redeemable noncontrolling interests in excess of earnings allocated1,803 (2,097)(2,848)
Net income available to IFF stockholders$365,031 $453,776 $334,454 
Shares
Weighted average common shares outstanding (basic)(1)
112,162 111,966 87,551 
Adjustment for assumed dilution(2):
Stock options and restricted stock awards305 356 303 
SPC portion of the TEUs1,163 985 267 
Weighted average shares assuming dilution (diluted)113,630 113,307 88,121 
Net Income per Share
Net income per share - basic$3.25 $4.05 $3.81 
Net income per share - dilutive3.21 4.00 3.79 
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(1)For the year ended December 31, 2020 and 2019, the TEUs were assumed to be outstanding at the minimum settlement amount for weighted-average shares for basic earnings per share. See below for details.
(2)Effect of dilutive securities includes dilution under stock plans and incremental impact of TEUs. See below for details.