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CONSOLIDATED STATEMENT OF INCOME (LOSS) AND COMPREHENSIVE INCOME (LOSS) - USD ($)
shares in Millions, $ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Income Statement [Abstract]        
Net sales $ 2,764 $ 2,889 $ 5,607 $ 5,788
Cost of sales 1,734 1,821 3,542 3,696
Gross profit 1,030 1,068 2,065 2,092
Research and development expenses 182 173 346 339
Selling and administrative expenses 483 493 944 983
Amortization of acquisition-related intangibles 145 153 288 321
Impairment of goodwill 0 64 1,153 64
Restructuring and other charges 21 2 38 5
Losses (gains) on sale of assets (1) 8 (1) 10
Operating profit (loss) 198 191 (705) 390
Interest expense 61 79 132 162
Gain on extinguishment of debt (488) 0 (488) 0
Losses (gains) on business disposals 81 (368) 81 (368)
Impairment of assets to be disposed of 0 282 0 282
Other expense, net 10 15 30 16
Income (loss) before income taxes 534 183 (460) 298
(Benefit) provision for income taxes (78) 11 (55) 65
Net income (loss) 612 172 (405) 233
Net income attributable to non-controlling interests 0 2 1 3
Net income (loss) attributable to IFF shareholders $ 612 $ 170 $ (406) $ 230
Net income per share - basic (in dollars per share) $ 2.39 $ 0.67 $ (1.59) $ 0.90
Net income per share - diluted (in dollars per share) $ 2.38 $ 0.66 $ (1.59) $ 0.90
Average number of shares outstanding - basic (in shares) 256 255 256 255
Average number of shares outstanding - diluted (in shares) 257 256 256 256
Other comprehensive income (loss), after tax:        
Foreign currency translation adjustments $ 758 $ (128) $ 1,162 $ (421)
Gains (losses) on derivatives qualifying as hedges; net of tax 0 1 (1) (6)
Pension and postretirement liability adjustment (50) 3 (49) 8
Net current period other comprehensive income (loss) 708 (124) 1,112 (419)
Comprehensive income (loss) 1,320 48 707 (186)
Comprehensive income attributable to non-controlling interests 0 2 1 3
Comprehensive income (loss) attributable to IFF shareholders $ 1,320 $ 46 $ 706 $ (189)