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CONSOLIDATED STATEMENT OF INCOME AND COMPREHENSIVE INCOME - USD ($)
shares in Millions, $ in Millions
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Income Statement [Abstract]      
Net sales $ 11,656 $ 5,084 $ 5,140
Cost of goods sold 7,921 2,998 3,027
Gross profit 3,735 2,086 2,113
Research and development expenses 629 357 346
Selling and administrative expenses 1,749 949 876
Restructuring and other charges 41 17 30
Amortization of acquisition-related intangibles 732 193 193
(Gains) losses on sale of fixed assets (1) 4 3
Operating profit 585 566 665
Interest expense 289 132 138
Other income, net (58) (7) (30)
Income before taxes 354 441 557
Provision for income taxes 75 74 97
Net income 279 367 460
Net income attributable to noncontrolling interests 9 4 4
Net income available to IFF common shareholders 270 363 456
Other comprehensive income (loss):      
Foreign currency translation adjustments (848) 88 24
Gains (losses) on derivatives qualifying as hedges 8 (9) (3)
Pension and postretirement liability adjustment 115 (60) (36)
Comprehensive income (loss) attributable to IFF stockholders $ (455) $ 382 $ 441
Net income per share - basic (in dollars per share) $ 1.11 $ 3.25 $ 4.05
Net income per share - diluted (in dollars per share) $ 1.10 $ 3.21 $ 4.00
Average number of shares outstanding - basic (in shares) 243 112 112
Average number of shares outstanding - diluted (in shares) 243 114 113
Other Comprehensive Income (Loss), Net of Tax $ (725) $ 19 $ (15)