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Net Income Per Share | 6 Months Ended
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Jun. 30, 2025
Earnings Per Share [Abstract] |
Net Income Per Share | NET INCOME (LOSS) PER SHARE A reconciliation of the shares used in the computation of basic and diluted net income (loss) per share is as follows:
| Three Months Ended June 30, |  | Six Months Ended June 30,
(AMOUNTS IN MILLIONS EXCEPT PER SHARE AMOUNTS) | 2025 |  | 2024 |  | 2025 |  | 2024
Net Income |  |  |  |  |  |  |
Net income (loss) available to IFF shareholders | $ | 612 |  |  | $ | 170 |  |  | $ | (406) |  |  | $ | 230 |
Shares |  |  |  |  |  |  |
Weighted average common shares outstanding (basic) | 256 |  |  | 255 |  |  | 256 |  |  | 255 |
Adjustment for assumed dilution: |  |  |  |  |  |  |
Stock options and restricted stock awards | 1 |  |  | 1 |  |  | — |  |  | 1 |
Weighted average shares assuming dilution (diluted) | 257 |  |  | 256 |  |  | 256 |  |  | 256 |
Net Income (loss) per Share |  |  |  |  |  |  |
Net income (loss) per share - basic | $ | 2.39 |  |  | $ | 0.67 |  |  | $ | (1.59) |  |  | $ | 0.90 |
Net income (loss) per share - diluted | 2.38 |  |  | 0.66 |  |  | (1.59) |  |  | 0.90 |
The Company declared a quarterly dividend to its shareholders of $0.40 per share for each of the three months ended June 30, 2025 and 2024. For each of the six months ended June 30, 2025 and 2024, the Company declared quarterly dividends to its shareholders totaling $0.80. There were approximately 1 million potentially dilutive securities excluded from the computation of diluted net loss per share for the six months ended June 30, 2025 because there was a net loss attributable to IFF for the period and, as such, the inclusion of these securities would have been anti-dilutive. For each of the three and six months ended June 30, 2025 and June 30, 2024, there were approximately 0.3 million share equivalents that had an anti-dilutive effect and therefore were excluded from the computation of diluted net loss per share. The Company has issued shares of Purchased Restricted Stock Units (“PRSUs”) which contain rights to non-forfeitable dividends while these shares are outstanding and thus are considered participating securities. Such securities are required to be included in the computation of basic and diluted earnings per share pursuant to the two-class method. The Company did not present the two-class method since the difference between diluted net income per share for both unrestricted common shareholders and PRSU shareholders for the three and six months ended June 30, 2025 and 2024 was less than $0.01 per share.

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