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CONSOLIDATED STATEMENT OF INCOME (LOSS) AND COMPREHENSIVE INCOME (LOSS) - USD ($)
shares in Millions, $ in Millions
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Income Statement [Abstract]    
Net sales $ 3,027 $ 3,226
Cost of goods sold 2,063 2,081
Gross profit 964 1,145
Research and development expenses 161 157
Selling and administrative expenses 454 459
Amortization of acquisition-related intangibles 171 186
Restructuring and other charges 52 2
Gains on sale of fixed assets (5) 0
Operating profit 131 341
Interest expense 111 72
Other expense (income), net 6 (16)
Income before taxes 14 285
Provision for income taxes 22 39
Net (loss) income (8) 246
Net income attributable to non-controlling interests 1 2
Net (loss) income attributable to IFF shareholders $ (9) $ 244
Net income per share - basic (in dollars per share) $ (0.04) $ 0.96
Net income per share - diluted (in dollars per share) $ (0.04) $ 0.96
Average number of shares outstanding - basic (in shares) 255 255
Average number of shares outstanding - diluted (in shares) 255 255
Dividends declared per share, in dollars per share $ 0.81 $ 0.79
Other comprehensive income (loss), after tax:    
Foreign currency translation adjustments $ 284 $ (199)
Pension and postretirement liability adjustment (2) 0
Net current period other comprehensive income (loss) 282 (199)
Comprehensive income 274 47
Comprehensive income attributable to IFF shareholders $ 273 $ 45