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CONSOLIDATED STATEMENT OF INCOME AND COMPREHENSIVE INCOME - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Sep. 30, 2020
Sep. 30, 2019
Income Statement [Abstract]        
Net sales $ 1,268,076 $ 1,267,345 $ 3,814,166 $ 3,856,315
Cost of goods sold 743,649 734,257 2,242,030 2,245,729
Gross profit 524,427 533,088 1,572,136 1,610,586
Research and development expenses 89,968 85,077 256,825 260,489
Selling and administrative expenses 234,520 210,829 694,641 634,111
Amortization of acquisition-related intangibles 47,738 48,430 144,922 143,964
Restructuring and other charges, net 1,497 3,716 8,299 22,415
Losses on sales of fixed assets 415 372 1,568 1,136
Operating profit 150,289 184,664 465,881 548,471
Interest expense 34,844 33,497 99,046 102,662
Other expense (income), net 9,945 (5,699) 4,762 (15,114)
Income before taxes 105,500 156,866 362,073 460,923
Taxes on income 19,269 27,059 61,265 81,033
Net income 86,231 129,807 300,808 379,890
Net income attributable to noncontrolling interests 1,403 2,683 5,169 7,560
Net income attributable to IFF stockholders 84,828 127,124 295,639 372,330
Other comprehensive income (loss), net, after tax:        
Foreign currency translation adjustments 79,291 (204,853) (226,519) (176,490)
(Losses) gains on derivatives qualifying as hedges (4,751) 2,939 (6,405) 3,257
Pension and postretirement net liability 3,507 2,721 10,399 7,908
Net current period other comprehensive income (loss) 78,047 (199,193) (222,525) (165,325)
Comprehensive income (loss) attributable to IFF stockholders $ 162,875 $ (72,069) $ 73,114 $ 207,005
Net income per share - basic (in dollars per share) $ 0.76 $ 1.15 $ 2.68 $ 3.34
Net income per share - diluted (in dollars per share) $ 0.75 $ 1.13 $ 2.64 $ 3.30
Average number of shares outstanding - basic (in shares) 112,183 111,998 112,148 111,953
Average number of shares outstanding - diluted (in shares) 113,622 113,493 113,631 113,133