v3.26.3
Nature of Operations and Summary of Significant Accounting Policies (Tables)
 9 Months Ended
Sep. 30, 2026
Accounting Policies [Abstract]  
Schedule of Error Corrections and Prior Period Adjustments
Impacts to Interim Consolidated Statements of Income (Loss) and Comprehensive Income
Nine Months Ended September 30, 2025
(DOLLARS IN MILLIONS EXCEPT PER SHARE AMOUNTS)As Previously ReportedAdjustmentsAs RevisedDiscontinued Operations Reclassification ImpactsAs Revised and Recast
Benefit for income taxes$(44)$(13)$(57)$(4)$(61)
Net (loss) income from continuing operations(390)13 (377)1,094 717 
Loss from discontinued operations before tax— — — (1,090)(1,090)
Provision for income taxes from discontinued operations— — — 4 4 
Net loss from discontinued operations— — — (1,094)(1,094)
Net loss(390)13 (377)— (377)
Net income attributable to non-controlling interests from continuing operations2 — 2 (1)1 
Net income attributable to non-controlling interests from discontinued operations— — — 1 1 
Net loss attributable to IFF shareholders$(392)$13 $(379)$— $(379)
(Loss) Income per share - basic
Continuing operations$(1.53)$0.05 $(1.48)$4.29 $2.81 
Discontinued operations— — — (4.29)(4.29)
Net (loss) income per share – basic$(1.53)$0.05 $(1.48)$— $(1.48)
(Loss) Income per share - diluted
Continuing operations$(1.53)$0.05 $(1.48)$4.28 $2.80 
Discontinued operations— — — (4.28)(4.28)
Net (loss) income per share – diluted$(1.53)$0.05 $(1.48)$— $(1.48)
Comprehensive income$674 $13 $687 $— $687 
Comprehensive income attributable to non-controlling interests2 — 2 (1)1 
Comprehensive income attributable to IFF shareholders$672 $13 $685 $1 $686 
Impacts to Interim Consolidated Statements of Cash Flows
Nine Months Ended September 30, 2025
(DOLLARS IN MILLIONS)As Previously ReportedAdjustmentsAs Revised
Net loss$(390)$13 $(377)
Adjustments to reconcile to net cash provided by operating activities:
Deferred income taxes(213)(13)(226)
Net cash provided by operating activities $532 $— $532 
Reconciliation of Cash
Cash, cash equivalents and restricted cash reported in the Company’s balance sheet as of September 30, 2026, December 31, 2025, September 30, 2025 and December 31, 2024 were as follows:
(DOLLARS IN MILLIONS)September 30, 2026December 31, 2025September 30, 2025December 31, 2024
Current assets
Cash and cash equivalents$272 $347 $399 $312 
Cash and cash equivalents included in Assets held for sale5 — — 2 
Cash and cash equivalents included in Current assets of discontinued operations242 243 222 157 
Cash and cash equivalents$519 $590 $621 $471 
The Company had no restricted cash as of September 30, 2026 and December 31, 2025.
Schedule of Bad Debt Reserve
The following is a roll-forward of the Company’s allowance for bad debts for the nine months ended September 30, 2026 and 2025.
Nine Months Ended September 30,
(DOLLARS IN MILLIONS)20262025
Balance at January 1$19 $18 
Bad debt expense 1 3 
Write-offs(2)(3)
Foreign exchange (losses) gains(2)2 
Balance at September 30$16 $20 
Schedule of Inventory, Current The Company’s inventories consisted of the following:
(DOLLARS IN MILLIONS)September 30, 2026December 31, 2025
Raw materials$572 $601 
Work in process323 336 
Finished goods557 570 
Total$1,452 $1,507