XML 15 R3.htm IDEA: XBRL DOCUMENT v3.22.4
CONSOLIDATED STATEMENT OF INCOME AND COMPREHENSIVE INCOME - USD ($)
shares in Millions, $ in Millions
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Income Statement [Abstract]      
Net sales $ 12,440 $ 11,656 $ 5,084
Cost of goods sold 8,289 7,921 2,998
Gross profit 4,151 3,735 2,086
Research and development expenses 603 629 357
Selling and administrative expenses 1,768 1,749 949
Restructuring and other charges 12 41 17
Amortization of acquisition-related intangibles 727 732 193
Impairment of goodwill 2,250 0 0
Impairment of long-lived assets 120 0 0
(Gains) losses on sale of fixed assets (3) (1) 4
Operating (loss) profit (1,326) 585 566
Interest expense 336 289 132
Other income, net (37) (58) (7)
(Loss) income before taxes (1,625) 354 441
Provision for income taxes 239 75 74
Net (loss) income (1,864) 279 367
Net income attributable to non-controlling interest 7 9 4
Net income available to IFF common shareholders (1,871) 270 363
Other comprehensive (loss) income , after tax:      
Foreign currency translation adjustments (904) (848) 88
Gains (losses) on derivatives qualifying as hedges 0 8 (9)
Pension and postretirement liability adjustment 158 115 (60)
Other comprehensive (loss) income (746) (725) 19
Comprehensive (loss) income (2,610) (446) 386
Comprehensive (loss) income attributable to IFF shareholders $ (2,617) $ (455) $ 382
Net income per share - basic (in dollars per share) $ (7.32) $ 1.11 $ 3.25
Net income per share - diluted (in dollars per share) $ (7.32) $ 1.10 $ 3.21
Average number of shares outstanding - basic (in shares) 255 243 112
Average number of shares outstanding - diluted (in shares) 255 243 114