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Net Income Per Share (Tables) | 9 Months Ended
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Sep. 30, 2021
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 September 30, |  | Nine Months Ended September 30,
(AMOUNTS IN MILLIONS EXCEPT PER SHARE AMOUNTS) | 2021 |  | 2020 |  | 2021 |  | 2020
Net Income |  |  |  |  |  |  |
Net income attributable to IFF stockholders | $ | 194 |  |  | $ | 85 |  |  | $ | 180 |  |  | $ | 296 |
Adjustment related to (increase) decrease in redemption value of redeemable noncontrolling interests in excess of earnings allocated | (1) |  |  | 1 |  |  | (1) |  |  | 5 |
Net income available to IFF stockholders | $ | 193 |  |  | $ | 86 |  |  | $ | 179 |  |  | $ | 301 |
Shares |  |  |  |  |  |  |
Weighted average common shares outstanding (basic)(1) | 254 |  |  | 112 |  |  | 239 |  |  | 112 |
Adjustment for assumed dilution(2): |  |  |  |  |  |  |
Stock options and restricted stock awards | 1 |  |  | 1 |  |  | — |  |  | 1 |
SPC portion of TEUs | — |  |  | 1 |  |  | — |  |  | 1 |
Weighted average shares assuming dilution (diluted) | 255 |  |  | 114 |  |  | 239 |  |  | 114 |
Net Income per Share |  |  |  |  |  |  |
Net income per share - basic(3) | $ | 0.76 |  |  | $ | 0.76 |  |  | $ | 0.75 |  |  | $ | 2.68 |
Net income per share - diluted | 0.76 |  |  | 0.75 |  |  | 0.75 |  |  | 2.64 |
_______________________ (1)On September 15, 2021, additional shares of IFF's common stock were issued in settlement of the stock purchase contract ("SPC") portion of the tangible equity units ("TEUs"). For the three and nine months ended September 30, 2020, the TEUs were assumed to be outstanding at the minimum settlement amount for basic earnings per share ("EPS"). See below for additional information. (2)Effect of dilutive securities includes dilution under stock plans and incremental impact of TEUs. See below for additional information. (3)For the three and nine months ended September 30, 2020, the basic net income per share cannot be recalculated based on the information presented in the table above due to the effects of rounding and change in presentation from thousands to millions between 2020 and 2021, respectively.

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- Definition Tabular disclosure of the weighted average number of shares used in calculating basic net earnings per share (or unit) and diluted earnings per share (or unit). + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=124432515&loc=d3e3550-109257 + Details
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