
	Six Months Ended June 30, 2025
(DOLLARS IN MILLIONS EXCEPT PER SHARE AMOUNTS)	As Previously Reported		Adjustments		As Revised		Discontinued Operations Reclassification Impacts		As Revised and Recast
Net sales	$	5,607	$	—	$	5,607	$	(1,638)	$	3,969
Cost of sales	3,542		—		3,542		(1,249)		2,293
Gross profit	2,065		—		2,065		(389)		1,676
Research and development expenses	346		—		346		(21)		325
Selling and administrative expenses	944		—		944		(145)		799
Amortization of acquisition-related intangibles	288		—		288		(126)		162
Impairment of goodwill	1,153		—		1,153		(1,119)		34
Restructuring and other charges	38		—		38		(3)		35
Losses on sale of assets	1		—		1		—		1
Operating profit (loss)	(705)		—		(705)		1,025		320
Interest expense	132		—		132		—		132
Gain on extinguishment of debt	(488)		—		(488)		—		(488)
Losses on business disposals	81		30		111		—		111

Other expense, net	30		—		30		9		39
Income (loss) from continuing operations before taxes	(460)		(30)		(490)		1,016		526
(Benefit) Provision for income taxes	(55)		(17)		(72)		(20)		(92)
Net income (loss) from continuing operations	(405)		(13)		(418)		1,036		618
Income (loss) from discontinued operations before tax	—		—		—		(1,016)		(1,016)
Provision (Benefit) for income taxes from discontinued operations	—		—		—		20		20
Net income (loss) from discontinued operations	—		—		—		(1,036)		(1,036)
Net loss	(405)		(13)		(418)		—		(418)
Net income attributable to non-controlling interests from continuing operations	1		—		1		—		1

Net loss attributable to IFF shareholders	$	(406)	$	(13)	$	(419)	$	—	$	(419)





Income (loss) per share - basic
Continuing operations	$	(1.59)	$	(0.05)	$	(1.64)	$	4.05	$	2.41
Discontinued operations	—		—		—		(4.05)		(4.05)
Net income (loss) per share – basic	$	(1.59)	$	(0.05)	$	(1.64)	$	—	$	(1.64)
Income (loss) per share - diluted
Continuing operations	$	(1.59)	$	(0.05)	$	(1.64)	$	4.04	$	2.40
Discontinued operations	—		—		—		(4.03)		(4.03)
Net income (loss) per share – diluted	$	(1.59)	$	(0.05)	$	(1.64)	$	0.01	$	(1.63)

Comprehensive income (loss)	$	707	$	(13)	$	694	$	—	$	694
Comprehensive income attributable to non-controlling interests	1		—		1		—		1
Comprehensive income (loss) attributable to IFF shareholders	$	706	$	(13)	$	693	$	—	$	693


	Three Months Ended June 30, 2025
(DOLLARS IN MILLIONS EXCEPT PER SHARE AMOUNTS)	As Previously Reported		Adjustments		As Revised		Discontinued Operations Reclassification Impacts		As Revised and Recast
Net sales	$	2,764	$	—	$	2,764	$	(845)	$	1,919
Cost of sales	1,734		—		1,734		(639)		1,095
Gross profit	1,030		—		1,030		(206)		824
Research and development expenses	182		—		182		(12)		170
Selling and administrative expenses	483		—		483		(74)		409
Amortization of acquisition-related intangibles	145		—		145		(63)		82

Restructuring and other charges	21		—		21		(1)		20
Losses on sale of assets	1		—		1		—		1
Operating profit (loss)	198		—		198		(56)		142
Interest expense	61		—		61		—		61
Gain on extinguishment of debt	(488)		—		(488)		—		(488)
Losses on business disposals	81		30		111		—		111

Other expense, net	10		—		10		10		20
Income (loss) before income taxes	534		(30)		504		(66)		438
(Benefit) for income taxes	(78)		(17)		(95)		(17)		(112)
Net income (loss) from continuing operations	612		(13)		599		(49)		550
Income (loss) from discontinued operations before tax	—		—		—		66		66
Provision (Benefit) for income taxes from discontinued operations	—		—		—		17		17
Net income (loss) from discontinued operations	—		—		—		49		49
Net income (loss)	612		(13)		599		—		599


Net income (loss) attributable to IFF shareholders	$	612	$	(13)	$	599	$	—	$	599




Income (loss) per share - basic
Continuing operations	$	2.39	$	(0.05)	$	2.34	$	(0.19)	$	2.15
Discontinued operations	—		—		—		0.19		0.19
Net income (loss) per share – basic	$	2.39	$	(0.05)	$	2.34	$	—	$	2.34
Income (loss) per share - diluted
Continuing operations	$	2.38	$	(0.05)	$	2.33	$	(0.19)	$	2.14
Discontinued operations	—		—		—		0.19		0.19
Net income (loss) per share – diluted	$	2.38	$	(0.05)	$	2.33	$	—	$	2.33

Comprehensive income (loss)	$	1,320	$	(13)	$	1,307	$	—	$	1,307

Comprehensive income (loss) attributable to IFF shareholders	$	1,320	$	(13)	$	1,307	$	—	$	1,307