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Employee Benefits (Tables) | 3 Months Ended
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Mar. 31, 2025
Retirement Benefits [Abstract] |
Pension and Other Defined Contribution Retirement Plan Expenses | Pension and other defined contribution retirement plan expenses included the following components:
(DOLLARS IN MILLIONS) | U.S. Plans(1)
Three Months Ended March 31, |  |
2025 |  | 2024 |  |  |  |
Interest cost on projected benefit obligation(3) | $ | 1 |  |  | $ | 6 |  |  |  |  |
Expected return on plan assets(3) | — |  |  | (6) |  |  |  |  |
Net amortization and deferrals(3) | — |  |  | 1 |  |  |  |  |
Net periodic benefit cost | $ | 1 |  |  | $ | 1 |  |  |  |  |
(DOLLARS IN MILLIONS) | Non-U.S. Plans
Three Months Ended March 31, |  |
2025 |  | 2024 |  |  |  |
Service cost for benefits earned(2) | $ | 5 |  |  | $ | 6 |  |  |  |  |
Interest cost on projected benefit obligation(3) | 9 |  |  | 9 |  |  |  |  |
Expected return on plan assets(3) | (11) |  |  | (13) |  |  |  |  |
Net amortization and deferrals(3) | 1 |  |  | 2 |  |  |  |  |
Net periodic benefit cost | $ | 4 |  |  | $ | 4 |  |  |  |  |
_______________________ (1)The International Flavors & Fragrances Inc. Pension Plan (the “Plan”) was formally terminated on April 1, 2024, and settlements of the terminated Plan occurred during November 2024. The Company continues to administer several smaller non-qualified U.S. pension plans. (2)Included as a component of Operating (loss) profit. (3)Included as a component of Other expense, net.
Postretirement Benefits Other Than Pension Expenses | (Income) expense recognized for post-retirement benefits other than pensions included the following components:
| Three Months Ended March 31, |  |
(DOLLARS IN MILLIONS) | 2025 |  | 2024 |  |  |  |
Interest cost on projected benefit obligation | $ | 1 |  |  | $ | 1 |  |  |  |  |
Net amortization and deferrals | (1) |  |  | (1) |  |  |  |  |
Total postretirement benefit (income) expense | $ | — |  |  | $ | — |  |  |  |  |

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- Definition Table for Net Periodic Benefit Cost and Changes in Plan Assets and Benefit Obligations Recognized in OCI. + References No definition available. + Details
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- Definition Tabular disclosure of the components of net benefit costs for pension plans and/or other employee benefit plans including service cost, interest cost, expected return on plan assets, gain (loss), prior service cost or credit, transition asset or obligation, and gain (loss) recognized due to settlements or curtailments. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 715 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 5 -Subparagraph (q) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480506/715-20-50-5 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 715 -SubTopic 20 -Subparagraph (h) -Name Accounting Standards Codification -Paragraph 1 -Section 50 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480506/715-20-50-1 + Details
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