Net Income Per Share (Tables)

12 Months Ended

Dec. 31, 2023

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

Basic and diluted net (loss) income per share is based on the weighted average number of shares outstanding. A reconciliation of shares used in the computation of basic and diluted net (loss) income per share is as follows:


	December 31,
(AMOUNTS IN MILLIONS EXCEPT PER SHARE AMOUNTS)	2023		2022		2021
Net (Loss) Income
Net (loss) income attributable to IFF shareholders	$	(2,567)	$	(1,871)	$	270
Adjustment related to decrease (increase) in redemption value of redeemable non-controlling interests in excess of earnings allocated	2		3		(2)
Net (loss) income available to IFF shareholders	$	(2,565)	$	(1,868)	$	268
Shares
Weighted average common shares outstanding (basic)(1)	255		255		243



Weighted average shares assuming dilution (diluted)	255		255		243
Net (Loss) Income per Share
Net (loss) income per share - basic(2)	$	(10.05)	$	(7.32)	$	1.11
Net (loss) income per share - diluted(3)	(10.05)		(7.32)		1.10

_______________________

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

(2)For the years ended December 31, 2023, 2022 and 2021, the basic net (loss) income per share cannot be recalculated based on the information presented in the table above due to the effects of rounding.

(3)For the years ended December 31, 2023 and 2022, the diluted net loss per share cannot be recalculated based on the information presented in the table above due to the effects of rounding.