XML 31 R19.htm IDEA: XBRL DOCUMENT
v3.25.1

Other Assets and Liabilities, Current and Noncurrent | 3 Months Ended
--- | ---
Mar. 31, 2025
Other Assets [Abstract] |
Other Assets and Liabilities, Current and Noncurrent | OTHER CURRENT ASSETS AND LIABILITIES, AND OTHER ASSETS Prepaid expenses and other current assets consisted of the following amounts:
(DOLLARS IN MILLIONS) | March 31, 2025 |  | December 31, 2024
Value-added tax receivable | $ | 152 |  |  | $ | 152 |
Prepaid income taxes | 217 |  |  | 193 |
Packaging materials and supplies | 126 |  |  | 123 |
Prepaid expenses | 213 |  |  | 203 |
Other | 67 |  |  | 66 |
Total | $ | 775 |  |  | $ | 737 |
Other assets consisted of the following amounts:
(DOLLARS IN MILLIONS) | March 31, 2025 |  | December 31, 2024
Deferred income taxes | $ | 259 |  |  | $ | 240 |
Overfunded pension plans | 153 |  |  | 144 |
Cash surrender value of life insurance contracts | 52 |  |  | 52 |
Finance lease right-of-use assets | 29 |  |  | 27 |
Equity method investments | 11 |  |  | 10 |
Long-term receivables(1) | 171 |  |  | 171 |
Other(2) | 194 |  |  | 193 |
Total | $ | 869 |  |  | $ | 837 |
_______________________ (1)Primarily relates to receivables from certain government authorities, which the Company has corresponding payables to DuPont in relation to the N&B Transaction in 2021. (2)Includes deposits and land usage rights in China. Other current liabilities consisted of the following amounts:
(DOLLARS IN MILLIONS) | March 31, 2025 |  | December 31, 2024
Rebates and incentives payable | $ | 94 |  |  | $ | 111 |
Value-added tax payable | 42 |  |  | 58 |
Interest payable | 79 |  |  | 42 |
Current pension and other postretirement benefit obligation | 13 |  |  | 12 |
Accrued restructuring | 17 |  |  | 3 |
Current operating lease obligation | 86 |  |  | 82 |
Accrued income taxes | 141 |  |  | 131 |
Accrued expenses payable | 226 |  |  | 203 |
Other | 134 |  |  | 141 |
Total | $ | 832 |  |  | $ | 783 |

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