v3.26.1
FAIR VALUE MEASUREMENTS (Tables)
 12 Months Ended
Dec. 31, 2025
EBP 001  
EBP, Investment, Fair Value and NAV [Line Items]  
EBP, Investment, Fair Value and NAV
The following table sets forth by level, within the fair value hierarchy, the Plan’s assets at fair value as of December 31, 2025 and 2024.
Fair Value Measurements Using Input Type as of
December 31, 2025
Level 1Level 2Total
Mutual funds$60,674,279 $— $60,674,279 
IFF Common Stock5,264,237 — 5,264,237 
Brokerage account30,754,511 — 30,754,511 
Total investments measured at fair value included in the hierarchy96,693,027 — 96,693,027 
Common/collective trust funds measured at net asset value(1)
— — 1,021,474,701 
Total investments$96,693,027 $— $1,118,167,728 
Fair Value Measurements Using Input Type as of
December 31, 2024
Level 1Level 2Total
Mutual funds$16,143,226 $— $16,143,226 
IFF Common Stock6,598,113 — 6,598,113 
Brokerage account26,431,798 — 26,431,798 
Total investments measured at fair value included in the hierarchy49,173,137 — 49,173,137 
Common/collective trust funds measured at net asset value(1)
— — 914,909,593 
Total investments$49,173,137 $— $964,082,730 
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(1)Certain investments that are measured at fair value using the NAV per share (or its equivalent) as a practical expedient have not been classified in the fair value hierarchy. The fair value amounts presented in this table are intended to permit reconciliation of the fair value hierarchy to the amounts presented in the Statements of Net Assets Available for Benefits.
The following table sets forth additional disclosures of the Plan’s investments whose fair value is estimated using NAV associated with common collective trusts as of December 31, 2025 and 2024:
Fair Value
20252024Unfunded CommitmentRedemption FrequencyRedemption Notice Period
Vanguard Retirement Savings Trust III$18,095,010 $18,069,288 — DailyNone
Vanguard Target Retirement Trust II632,151,712 564,809,000 — DailyNone
Vanguard Target Retirement Income Trust II14,843,763 15,711,613 — DailyNone
State Street U.S. Inflation Protected Bond Index Securities Lending Series Fund Class II5,424,168 4,740,770 — Daily(1)
State Street S&P 500 Index Securities Lending Series Fund Class II243,545,162 218,954,113 — Daily(1)
State Street U.S. Bond Index Securities Lending Series Fund Class XIV41,281,601 37,059,594 — Daily(1)
State Street Global All Cap Equity Ex-U.S. Index Securities Lending Series Fund Class II66,133,285 55,565,215 — Daily(1)
Total$1,021,474,701 $914,909,593 
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(1)The redemption notice period deadline is normally by 8:30 AM EST one business day following the Trade Date. Trade Date is the date of record for the purchase or redemption of the Fund. For redemptions of significant size, as determined by SSGA in its sole discretion, SSGA requires emailed notice 15 days in advance of the Trade Date. The thresholds that determine whether a trade is large enough to warrant advanced notice vary by Funds and are updated periodically.