XML 30 R15.htm IDEA: XBRL DOCUMENT
v3.24.0.1

Other Assets And Liabilities, Current and Noncurrent | 12 Months Ended
--- | ---
Dec. 31, 2023
Other Assets [Abstract] |
Other Current Assets and Liabilities, and Other Assets | OTHER CURRENT ASSETS AND LIABILITIES, AND OTHER ASSETS Prepaid expenses and other current assets consisted of the following amounts:
| December 31,
(DOLLARS IN MILLIONS) | 2023 |  | 2022
Value-added tax receivable | $ | 187 |  |  | $ | 212 |
Prepaid income taxes | 178 |  |  | 129 |
Packaging materials and supplies | 161 |  |  | 148 |
Prepaid expenses | 184 |  |  | 144 |
Other | 165 |  |  | 137 |
Total | $ | 875 |  |  | $ | 770 |
Other assets consisted of the following amounts:
| December 31,
(DOLLARS IN MILLIONS) | 2023 |  | 2022
Finance lease right-of-use assets | $ | 26 |  |  | $ | 22 |
Deferred income taxes | 278 |  |  | 167 |
Overfunded pension plans | 139 |  |  | 180 |
Cash surrender value of life insurance contracts | 49 |  |  | 45 |
Equity method investments | 11 |  |  | 10 |
Other(1) | 261 |  |  | 265 |
Total | $ | 764 |  |  | $ | 689 |
_______________________ (1)Includes land usage rights in China, long-term deposits and receivables on certain derivative instruments. Other current liabilities consisted of the following amounts:
| December 31,
(DOLLARS IN MILLIONS) | 2023 |  | 2022
Rebates and incentives payable | $ | 105 |  |  | $ | 99 |
Value-added tax payable | 77 |  |  | 65 |
Interest payable | 65 |  |  | 55 |
Current pension and other postretirement benefit obligation | 13 |  |  | 10 |
Accrued insurance (including workers’ compensation) | 9 |  |  | 9 |
Earn outs payable | 32 |  |  | — |
Accrued restructuring | 14 |  |  | 15 |
Current operating lease obligation | 85 |  |  | 86 |
Accrued freight | 14 |  |  | 18 |
Accrued commissions payable | 10 |  |  | 11 |
Accrued income taxes | 194 |  |  | 313 |
Accrued expenses payable | 262 |  |  | 256 |
Other | 97 |  |  | 91 |
Total | $ | 977 |  |  | $ | 1,028 |

X
- Definition Other Assets And Liabilities Disclosure, Current And Noncurrent + References No definition available. + Details
Name: | iff_OtherAssetsAndLiabilitiesDisclosureCurrentAndNoncurrentTextBlock
Namespace Prefix: | iff_
Data Type: | dtr-types1:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_OtherAssetsAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration