XML 16 R4.htm IDEA: XBRL DOCUMENT v3.25.1
CONSOLIDATED STATEMENT OF INCOME (LOSS) AND COMPREHENSIVE INCOME (LOSS) - USD ($)
shares in Millions, $ in Millions
 3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Income Statement [Abstract]    
Net sales $ 2,843 $ 2,899
Cost of sales 1,808 1,875
Gross profit 1,035 1,024
Research and development expenses 164 166
Selling and administrative expenses 461 490
Amortization of acquisition-related intangibles 143 168
Impairment of goodwill 1,153 0
Restructuring and other charges 17 3
Gains on sales of assets 0 2
Operating (loss) profit (903) 199
Interest expense 71 83
Other expense, net 20 1
(Loss) income before taxes (994) 115
Provision for income taxes 23 54
Net (loss) income (1,017) 61
Net income attributable to non-controlling interests 1 1
Net (loss) income attributable to IFF shareholders $ (1,018) $ 60
Net income per share - basic (in dollars per share) $ (3.98) $ 0.23
Net income per share - diluted (in dollars per share) $ (3.98) $ 0.23
Average number of shares outstanding - basic (in shares) 256 255
Average number of shares outstanding - diluted (in shares) 256 256
Other comprehensive income (loss), after tax:    
Foreign currency translation adjustments $ 404 $ (293)
Gains (losses) on derivatives qualifying as hedges; net of tax (1) (7)
Pension and postretirement liability adjustment 1 5
Net current period other comprehensive (loss) income 404 (295)
Comprehensive loss (613) (234)
Comprehensive Income (Loss), Net of Tax, Attributable to Noncontrolling Interest 1 1
Comprehensive loss attributable to IFF shareholders $ (614) $ (235)