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CONSOLIDATED STATEMENT OF INCOME (LOSS) AND COMPREHENSIVE INCOME (LOSS) - USD ($)
shares in Millions, $ in Millions
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Income Statement [Abstract]    
Net sales $ 2,899 $ 3,027
Cost of goods sold 1,875 2,063
Gross profit 1,024 964
Research and development expenses 166 161
Selling and administrative expenses 490 454
Amortization of acquisition-related intangibles 168 171
Restructuring and other charges 3 52
Gain (Loss) on Disposition of Assets 2 5
Operating profit 199 131
Interest expense 83 100
Other expense, net 1 17
Income before taxes 115 14
Provision for income taxes 54 22
Net income (loss) 61 (8)
Net income attributable to non-controlling interests 1 1
Net income (loss) attributable to IFF shareholders $ 60 $ (9)
Net income per share - basic (in dollars per share) $ 0.23 $ (0.04)
Net income per share - diluted (in dollars per share) $ 0.23 $ (0.04)
Average number of shares outstanding - basic (in shares) 255 255
Average number of shares outstanding - diluted (in shares) 256 255
Other comprehensive (loss) income, after tax:    
Foreign currency translation adjustments $ (293) $ 284
Gains (losses) on derivatives qualifying as hedges; net of tax (7) 0
Pension and postretirement liability adjustment 5 (2)
Net current period other comprehensive income (loss) (295) 282
Comprehensive (loss) income (234) 274
Comprehensive Income (Loss), Net of Tax, Attributable to Noncontrolling Interest 1 1
Comprehensive (loss) income attributable to IFF shareholders $ (235) $ 273