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CONSOLIDATED STATEMENT OF INCOME AND COMPREHENSIVE INCOME - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Income Statement [Abstract]    
Net sales $ 1,347,317 $ 1,297,402
Cost of goods sold 781,450 766,143
Gross profit 565,867 531,259
Research and development expenses 85,909 90,596
Selling and administrative expenses 229,714 213,182
Amortization of acquisition-related intangibles 48,350 47,625
Restructuring and other charges, net 4,918 16,174
Losses (gains) on sales of fixed assets 754 (188)
Operating profit 196,222 163,870
Interest expense 32,140 36,572
Other loss (income), net 10,574 (7,278)
Income before taxes 153,508 134,576
Taxes on income 26,297 23,362
Net income 127,211 111,214
Net income attributable to noncontrolling interests 2,604 2,385
Net income attributable to IFF stockholders 124,607 108,829
Other comprehensive (loss) income, after tax:    
Foreign currency translation adjustments (452,278) 42,377
Gains (losses) on derivatives qualifying as hedges 1,447 (97)
Pension and postretirement net liability 3,517 2,593
Net current period other comprehensive income (loss) (447,314) 44,873
Comprehensive (loss) income attributable to IFF stockholders $ (322,707) $ 153,702
Net income per share - basic (in dollars per share) $ 1.16 $ 0.97
Net income per share - diluted (in dollars per share) $ 1.15 $ 0.96
Average number of shares outstanding - basic (in shares) 112,082 111,864
Average number of shares outstanding - diluted (in shares) 113,594 113,389