v3.26.1
Net Income Per Share
 6 Months Ended
Jun. 30, 2026
Earnings Per Share [Abstract]  
Net Income Per Share NET INCOME (LOSS) PER SHARE
A reconciliation of the shares used in the computation of basic and diluted net income (loss) per share is as follows:
Three Months Ended June 30,Six Months Ended June 30,
(AMOUNTS IN MILLIONS EXCEPT PER SHARE AMOUNTS)2026202520262025
Net Income
Net income from continuing operations$33 $550 $188 $618 
Net income (loss) from discontinued operations18 49 33 (1,036)
Net income (loss)51 599 221 (418)
Net income from continuing operations noncontrolling interests— — 1 1 
Net income from discontinued operations noncontrolling interests1 — 1 — 
Net income (loss) available to IFF shareholders$50 $599 $219 $(419)
Shares
Average number of shares outstanding - basic255 256 256 256 
Adjustment for assumed dilution:
Stock options and restricted stock awards2 1 1 1 
Weighted average shares assuming dilution (diluted)257 257 257 257 
Net Income (loss) per Share
Continuing operations $0.13 $2.15 $0.73 $2.41 
Discontinued operations 0.07 0.19 0.13 (4.05)
Net income (loss) per share - basic$0.20 $2.34 $0.86 $(1.64)
Continuing operations$0.13 $2.14 $0.73 $2.40 
Discontinued operations0.07 0.19 0.12 (4.03)
Net income (loss) per share - diluted$0.20 $2.33 $0.85 $(1.63)
The Company declared a quarterly dividend to its shareholders of $0.40 per share for each of the three months ended June 30, 2026 and 2025. For each of the six months ended June 30, 2026 and 2025, the Company declared quarterly dividends to its shareholders totaling $0.80.
For the three and six months ended June 30, 2026 and June 30, 2025, there were approximately 0.2 million and 0.3 million share equivalents, respectively, that had an anti-dilutive effect and therefore were excluded from the computation of diluted net income (loss) per share.