INTERNATIONAL FLAVORS & FRAGRANCES INC
Business
International Flavors & Fragrances Inc creates and manufactures flavor compounds, fragrance ingredients, food ingredients, enzymes, cultures, probiotics and specialty compounds for food, beverage, health & biosciences, and scent markets. The company sells to manufacturers of dairy, meat, beverages, snacks, personal care, soaps, detergents, perfumes, dietary supplements, and animal nutrition products. IFF operates through four reportable segments: Taste, Food Ingredients, Health & Biosciences, and Scent, with operations across approximately 30 countries.
Summary from 10-K filed 2026-02-27
Financials
Consolidated Statement of Income
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Net sales | 10,890 | 11,484 | 11,479 | 12,440 | 11,656 | |
| Cost of Product and Service Sold | 6,952 | 7,360 | 7,798 | 8,289 | 7,921 | |
| Gross profit | 3,938 | 4,124 | 3,681 | 4,151 | 3,735 | |
| Research and development expenses | 694 | 671 | 636 | 603 | 629 | |
| Selling and administrative expenses | 1,834 | 1,995 | 1,787 | 1,768 | 1,749 | |
| Restructuring and other charges | 70 | 29 | 68 | 12 | — | |
| Amortization of acquisition-related intangibles | 568 | 610 | 680 | 727 | 732 | |
| Impairment of goodwill | 1,153 | 64 | 2,623 | 2,250 | 0 | |
| Losses (Gains) on sale of assets | 1 | −11 | −3 | −3 | −1 | |
| Operating (loss) profit | −382 | 766 | −2,110 | −1,326 | 585 | |
| Interest expense | 229 | 305 | 380 | 336 | — | |
| Gain on extinguishment of debt | −488 | 0 | 0 | — | — | |
| Losses (Gains) on business disposals | 109 | −346 | 23 | −11 | — | |
| Loss on assets classified as held for sale | 115 | 317 | 0 | 0 | — | |
| Other expense, net | 65 | 182 | 5 | −26 | −58 | |
| (Loss) income before taxes | −412 | 308 | −2,518 | −1,625 | 354 | |
| Income Tax Expense | −53 | 41 | 69 | 239 | 75 | |
| Net (loss) income | −359 | 267 | −2,587 | −1,864 | 279 | |
| Net income attributable to non-controlling interest | 2 | 4 | 4 | 7 | 9 | |
| Net income available to IFF common shareholders | −361 | 263 | −2,591 | −1,871 | 270 | |
| Foreign currency translation adjustments | 1,153 | −774 | 414 | −933 | −848 | |
| Gains (losses) on derivatives qualifying as hedges | −2 | −3 | 0 | 0 | 8 | |
| Pension and postretirement liability adjustment | −54 | 146 | −112 | 158 | 115 | |
| Net current period other comprehensive income (loss) | 1,097 | −631 | 302 | −775 | −725 | |
| Comprehensive income (loss) | 738 | −364 | −2,285 | −2,639 | −446 | |
| Comprehensive income (loss) attributable to IFF shareholders | 736 | −368 | −2,289 | −2,646 | −455 | |
| Net income per share - basic (in dollars per share) | −1.41 | 1.04 | −10.14 | −7.32 | 1.11 | |
| Net income per share - diluted (in dollars per share) | −1.41 | 1.04 | −10.14 | −7.32 | 1.1 | |
| Average number of shares outstanding - basic (in shares) | 256 | 256 | 255 | 255 | 243 | |
| Average number of shares outstanding - diluted (in shares) | 256 | 256 | 255 | 255 | 243 |
Consolidated Balance Sheet
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Cash, cash equivalents, and restricted cash | 590 | 469 | 709 | — | — | |
| Receivables, net, current | 1,731 | 1,624 | 1,726 | 1,818 | — | |
| Inventories | 2,245 | 2,133 | 2,477 | 3,151 | 2,516 | |
| Assets held for sale | 151 | 3,056 | 506 | 1,200 | 1,122 | |
| Prepaid expenses and other current assets | 877 | 686 | 875 | 770 | 728 | |
| Total Current Assets | 5,594 | 7,968 | 6,293 | 7,432 | 6,987 | |
| Property, plant and equipment, net | 4,029 | 3,739 | 4,240 | 4,203 | 4,368 | |
| Goodwill | 8,269 | 9,075 | 10,635 | 13,373 | 16,432 | |
| Other intangible assets, net | 6,043 | 6,445 | 8,357 | 9,082 | 10,506 | |
| Operating lease right-of-use assets | 579 | 589 | 689 | 743 | 767 | |
| Other assets | 1,025 | 907 | 764 | 689 | 616 | |
| Total Assets | 25,539 | 28,723 | 30,978 | 35,522 | 39,658 | |
| Short-term debt and current portion of long-term debt | 1,254 | 1,413 | 885 | 410 | 308 | |
| Accounts payable | 1,287 | 1,283 | 1,378 | 1,418 | 1,532 | |
| Accrued payroll and bonus | 327 | 420 | 265 | 267 | 335 | |
| Dividends payable | 102 | 102 | 207 | 206 | 201 | |
| Liabilities held for sale | 44 | 332 | 46 | 212 | 101 | |
| Other current liabilities | 919 | 802 | 977 | 1,028 | 832 | |
| Total Current Liabilities | 3,933 | 4,352 | 3,758 | 3,728 | 3,633 | |
| Long-term debt | 4,740 | 7,564 | 9,186 | 10,373 | 10,768 | |
| Retirement liabilities | 186 | 167 | 253 | 231 | 385 | |
| Deferred income taxes | 1,379 | 1,594 | 1,937 | 2,283 | 2,518 | |
| Operating lease liabilities | 533 | 550 | 642 | 672 | 670 | |
| Other liabilities | 582 | 627 | 560 | 491 | 462 | |
| Total Other Liabilities | 7,420 | 10,502 | 12,578 | 14,050 | 14,803 | |
| Commitments and Contingencies (Note 21) | — | — | — | — | — | |
| Common stock, value, issued | 35 | 35 | 35 | 35 | 35 | |
| Capital in excess of par value | 19,918 | 19,917 | 19,874 | 19,841 | 19,826 | |
| Accumulated deficit | −3,417 | −2,647 | −2,439 | 955 | 3,641 | |
| Accumulated other comprehensive loss | −1,430 | −2,527 | −1,896 | −2,198 | −1,423 | |
| Treasury stock, value | −952 | −944 | −963 | −978 | −997 | |
| Total Shareholders Equity | 14,154 | 13,834 | 14,611 | 17,655 | 21,082 | |
| Non-controlling interest | 32 | 35 | 31 | 30 | 35 | |
| Total Shareholders Equity including non-controlling interest | 14,186 | 13,869 | 14,580 | 17,647 | 21,117 | |
| Total Liabilities and Shareholders Equity | 25,539 | 28,723 | 30,978 | 35,522 | 39,658 |
Consolidated Statement of Cash Flows
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Depreciation and amortization | 962 | 1,015 | 1,142 | 1,179 | 1,156 | |
| Deferred income taxes | −270 | −323 | −371 | −237 | −236 | |
| Loss on assets classified as held for sale | 115 | 317 | 0 | 0 | — | |
| Gains on sale of assets | 1 | −11 | −3 | −3 | −1 | |
| Stock-based compensation | 88 | 77 | 65 | 49 | 54 | |
| Pension contributions | −29 | −29 | −36 | −36 | −37 | |
| Pension-related (benefit) expense | −11 | 125 | −28 | −19 | — | |
| Inventory Write-down | 0 | 0 | 72 | 0 | 0 | |
| Trade receivables | −68 | −217 | 51 | −117 | −169 | |
| Inventories | −41 | −34 | 605 | −893 | −363 | |
| Accounts payable | −57 | 40 | −39 | −57 | 419 | |
| Accruals for incentive compensation | −106 | 190 | −2 | −34 | 96 | |
| Other assets/liabilities, net | −149 | −65 | −60 | 70 | −120 | |
| Net cash provided by operating activities | 850 | 1,070 | 1,455 | 397 | 1,437 | |
| Additions to property, plant and equipment | −594 | −463 | −503 | −504 | −393 | |
| Additions to intangible assets | −2 | −5 | 0 | −2 | −4 | |
| Proceeds from disposal of assets | 21 | 21 | 27 | 8 | 18 | |
| Net proceeds received from business disposals | 2,743 | 875 | 1,050 | 1,169 | — | |
| Cash received (paid) on foreign currency forward contracts | 105 | — | — | — | — | |
| Cash received (paid) on foreign currency forward contracts | — | 102 | 16 | 0 | — | |
| Joint venture capital contributions | −4 | 0 | 0 | — | — | |
| Net cash provided by investing activities | 2,269 | 326 | 558 | 745 | −18 | |
| Cash dividends paid to shareholders | −409 | −514 | −826 | −810 | −667 | |
| Dividends paid to redeemable non-controlling interests | 0 | 0 | −13 | 0 | −2 | |
| Decrease in revolving credit facility and short term borrowings | 0 | 0 | −99 | 104 | −105 | |
| Net borrowings (repayments) of commercial paper (maturities less than three months) | 314 | 0 | −187 | 48 | 324 | |
| Principal payments of debt | −2,913 | −1,030 | −655 | −300 | −828 | |
| Purchases of redeemable non-controlling interests | 0 | 0 | −39 | −47 | 0 | |
| Deferred and contingent consideration paid | 0 | −36 | −6 | 0 | −14 | |
| Withholding tax paid on stock-based compensation | −24 | −16 | −13 | −21 | −21 | |
| Other, net | −21 | −10 | −13 | −7 | 9 | |
| Purchase of treasury stock | −38 | 0 | 0 | — | — | |
| Net cash used in financing activities | −3,091 | −1,606 | −1,851 | −1,229 | −1,304 | |
| Effect of exchange rate changes on cash, cash equivalents and restricted cash | 91 | −54 | 21 | −77 | −59 | |
| Net change in cash, cash equivalents and restricted cash | 119 | −264 | 183 | −164 | 56 | |
| Interest paid, net of amounts capitalized | 229 | 308 | 370 | 310 | 310 | |
| Income taxes paid | 329 | 370 | 578 | 329 | 289 | |
| Accrued capital expenditures | 176 | 158 | 109 | 150 | 117 |
Filings
Material Events
Insiders
Institutional Holders
Frequently asked questions
What is INTERNATIONAL FLAVORS & FRAGRANCES INC's CIK number?
INTERNATIONAL FLAVORS & FRAGRANCES INC's SEC CIK number is 0000051253 (51253). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.
Where can I find INTERNATIONAL FLAVORS & FRAGRANCES INC's SEC filings?
All of INTERNATIONAL FLAVORS & FRAGRANCES INC's EDGAR filings — 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider transactions — are listed on this page, sourced live from SEC EDGAR.
When did INTERNATIONAL FLAVORS & FRAGRANCES INC last report earnings?
INTERNATIONAL FLAVORS & FRAGRANCES INC (IFF) most recently filed an earnings 8-K with the SEC on May 5, 2026, furnishing its results under Item 2.02 (Results of Operations and Financial Condition). The earnings press release is attached to that filing (accession 0000051253-26-000015). This is INTERNATIONAL FLAVORS & FRAGRANCES INC's most recent earnings filing of record — not a forecast of its next earnings date.
What is INTERNATIONAL FLAVORS & FRAGRANCES INC's most recent earnings 8-K?
INTERNATIONAL FLAVORS & FRAGRANCES INC's latest earnings 8-K (Item 2.02) was filed May 5, 2026 under accession 0000051253-26-000015. It carries the quarterly or annual earnings press release — the earliest official, SEC-filed version of the results.
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