Tangible Equity Units (Tables)

12 Months Ended

Dec. 31, 2021

Equity [Abstract]

Schedule of Allocation of Tangible Equity Units

The proceeds from the issuance of the TEUs were allocated to equity and debt based on the relative fair value of the respective components of each TEU as follows:

(DOLLARS IN MILLIONS, EXCEPT FAIR VALUE PER TEU)	SPC		Amortizing Note		Total
Fair Value per TEU	$	42	$	8	$	50
Gross Proceeds	$	686	$	139	$	825
Less: Issuance costs	21		4		25
Net Proceeds	$	665	$	135	$	800

Schedule of Stock Purchase Contract

VWAP of IFF Common Stock	Common Stock Issued
Equal to or greater than $159.54	0.3134 shares (minimum settlement rate)
Less than $159.54, but greater than $130.25	$50 divided by VWAP
Less than or equal to $130.25	0.3839 shares (maximum settlement rate)