Net Income Per Share (Tables)

9 Months Ended

Sep. 30, 2022

Earnings Per Share [Abstract]

Reconciliation of Shares Used in Computation of Basic and Diluted Net Income Per Share

A reconciliation of the shares used in the computation of basic and diluted net (loss) income per share is as follows: 

	Three Months Ended September 30,				Nine Months Ended September 30,
(AMOUNTS IN MILLIONS EXCEPT PER SHARE AMOUNTS)	2022		2021		2022		2021
Net (Loss) Income
Net (loss) income attributable to IFF shareholders	$	(2,197)	$	194	$	(1,846)	$	180
Adjustment related to (increase) decrease in redemption value of redeemable noncontrolling interests in excess of earnings allocated	1		(1)		3		(1)
Net (loss) income available to IFF shareholders	$	(2,196)	$	193	$	(1,843)	$	179
Shares
Weighted average common shares outstanding (basic)(1)	255		254		255		239
Adjustment for assumed dilution(2):
Stock options and restricted stock awards	—		1		—		—
Weighted average shares assuming dilution (diluted)	255		255		255		239
Net (Loss) Income per Share
Net (loss) income per share - basic(3)	$	(8.60)	$	0.76	$	(7.22)	$	0.75
Net (loss) income per share - diluted(3)	(8.60)		0.76		(7.22)		0.75

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(1)On September 15, 2021, additional shares of IFF’s common stock were issued in settlement of the stock purchase contract (“SPC”) portion of the tangible equity units (“TEUs”). See below for additional information.

(2)Effect of dilutive securities includes dilution under stock plans and incremental impact of TEUs. See below for additional information.

(3)For the three and nine months ended September 30, 2022, the basic and diluted net loss per share cannot be recalculated based on the information presented in the table above due to rounding.