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Employee Benefits (Tables)
3 Months Ended
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,
20252024
Interest cost on projected benefit obligation(3)
$$
Expected return on plan assets(3)
— (6)
Net amortization and deferrals(3)
— 
Net periodic benefit cost$$
(DOLLARS IN MILLIONS)Non-U.S. Plans
Three Months Ended March 31,
20252024
Service cost for benefits earned(2)
$$
Interest cost on projected benefit obligation(3)
Expected return on plan assets(3)
(11)(13)
Net amortization and deferrals(3)
Net periodic benefit cost$$
_______________________
(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)20252024
Interest cost on projected benefit obligation$$
Net amortization and deferrals(1)(1)
Total postretirement benefit (income) expense$— $—