2021 Q4 Form 10-Q Financial Statement

#000005125321000045 Filed on November 08, 2021

View on sec.gov

Income Statement

Concept 2021 Q4 2021 Q3 2020 Q3
Revenue $3.031B $3.071B $1.268B
YoY Change 138.64% 142.19% 0.05%
Cost Of Revenue $2.050B $1.981B $744.0M
YoY Change 171.06% 166.26% 1.33%
Gross Profit $981.0M $1.090B $524.0M
YoY Change 90.97% 108.02% -1.7%
Gross Profit Margin 32.37% 35.49% 41.32%
Selling, General & Admin $450.0M $436.0M $235.0M
YoY Change 77.03% 85.53% 11.46%
% of Gross Profit 45.87% 40.0% 44.85%
Research & Development $166.0M $156.0M $89.00M
YoY Change 66.0% 75.28% 4.61%
% of Gross Profit 16.92% 14.31% 16.98%
Depreciation & Amortization $295.0M $297.0M $83.40M
YoY Change 260.64% 256.12% 3.47%
% of Gross Profit 30.07% 27.25% 15.92%
Operating Expenses $801.0M $592.0M $324.0M
YoY Change 99.25% 82.72% 9.49%
Operating Profit $180.0M $298.0M $150.0M
YoY Change 61.15% 98.67% -18.77%
Interest Expense -$73.00M $74.00M $35.00M
YoY Change 122.56% 111.43% 4.49%
% of Operating Profit -40.56% 24.83% 23.33%
Other Income/Expense, Net $14.00M $26.00M -$10.00M
YoY Change 21.74% -360.0% -275.47%
Pretax Income $114.0M $250.0M $105.0M
YoY Change 43.76% 138.1% -33.06%
Income Tax $22.00M $53.00M $19.00M
% Of Pretax Income 19.3% 21.2% 18.1%
Net Earnings $90.00M $194.0M $85.00M
YoY Change 33.14% 128.24% -33.14%
Net Earnings / Revenue 2.97% 6.32% 6.7%
Basic Earnings Per Share $0.76 $0.76
Diluted Earnings Per Share $352.9K $0.76 $0.75
COMMON SHARES
Basic Shares Outstanding 254.5M shares 254.0M shares 112.0M shares
Diluted Shares Outstanding 255.0M shares 114.0M shares

Balance Sheet

Concept 2021 Q4 2021 Q3 2020 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $711.0M $672.0M $470.0M
YoY Change 9.38% 42.98% -5.05%
Cash & Equivalents $711.0M $672.0M $470.0M
Short-Term Investments
Other Short-Term Assets $728.0M $717.0M $383.6M
YoY Change 112.87% 86.9% 17.89%
Inventory $2.516B $2.401B $1.151B
Prepaid Expenses $288.0M $297.0M
Receivables $1.906B $1.975B $929.0M
Other Receivables $309.0M $275.0M $0.00
Total Short-Term Assets $6.987B $7.132B $2.946B
YoY Change 128.33% 142.07% 1.64%
LONG-TERM ASSETS
Property, Plant & Equipment $4.368B $4.295B $1.380B
YoY Change 199.59% 211.14% 5.09%
Goodwill $16.41B $16.59B $5.427B
YoY Change 193.47% 205.67% 0.86%
Intangibles
YoY Change
Long-Term Investments $86.00M
YoY Change 1620.0%
Other Assets $616.0M $502.0M $655.8M
YoY Change 47.37% -23.45% 16.84%
Total Long-Term Assets $32.67B $33.12B $10.14B
YoY Change 211.3% 226.65% 0.53%
TOTAL ASSETS
Total Short-Term Assets $6.987B $7.132B $2.946B
Total Long-Term Assets $32.67B $33.12B $10.14B
Total Assets $39.66B $40.25B $13.09B
YoY Change 192.57% 207.61% 0.78%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.532B $1.332B $505.3M
YoY Change 175.54% 163.63% 21.29%
Accrued Expenses $563.0M $537.0M $107.0M
YoY Change 1273.17% 401.87% -28.19%
Deferred Revenue $4.648M
YoY Change
Short-Term Debt $331.0M $206.0M $2.000M
YoY Change 16450.0% 10200.0%
Long-Term Debt Due $632.0M $708.0M $441.0M
YoY Change -0.32% 60.56% 14.59%
Total Short-Term Liabilities $3.633B $3.579B $1.616B
YoY Change 90.81% 121.44% 14.43%
LONG-TERM LIABILITIES
Long-Term Debt $10.77B $10.82B $3.891B
YoY Change 184.94% 178.04% -2.93%
Other Long-Term Liabilities $462.0M $478.0M $517.3M
YoY Change 72.39% -7.6% -2.58%
Total Long-Term Liabilities $14.80B $15.10B $5.279B
YoY Change 182.99% 185.96% -2.08%
TOTAL LIABILITIES
Total Short-Term Liabilities $3.633B $3.579B $1.616B
Total Long-Term Liabilities $14.80B $15.10B $5.279B
Total Liabilities $18.44B $18.67B $6.895B
YoY Change 158.39% 170.83% 1.35%
SHAREHOLDERS EQUITY
Retained Earnings $3.641B $3.752B $4.171B
YoY Change -12.39% -10.04% 1.38%
Common Stock $19.86B $19.85B $3.864B
YoY Change 413.34% 413.78% 0.82%
Preferred Stock
YoY Change
Treasury Stock (at cost) $997.0M $998.0M $1.017B
YoY Change -1.97% -1.88% -0.6%
Treasury Stock Shares 21.15M shares 21.18M shares 21.59M shares
Shareholders Equity $21.08B $21.43B $6.078B
YoY Change
Total Liabilities & Shareholders Equity $39.66B $40.25B $13.09B
YoY Change 192.57% 207.61% 0.78%

Cashflow Statement

Concept 2021 Q4 2021 Q3 2020 Q3
OPERATING ACTIVITIES
Net Income $90.00M $194.0M $85.00M
YoY Change 33.14% 128.24% -33.14%
Depreciation, Depletion And Amortization $295.0M $297.0M $83.40M
YoY Change 260.64% 256.12% 3.47%
Cash From Operating Activities $311.0M $428.0M $206.6M
YoY Change 3.98% 107.16% 4.29%
INVESTING ACTIVITIES
Capital Expenditures -$151.0M -$81.00M -$44.10M
YoY Change 123.04% 83.67% -6.96%
Acquisitions
YoY Change
Other Investing Activities $58.00M $126.0M $2.900M
YoY Change -5900.0% 4244.83% -91.9%
Cash From Investing Activities -$93.00M $45.00M -$41.10M
YoY Change 35.17% -209.49% 254.31%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -282.0M -595.0M -203.4M
YoY Change 201.28% 192.53% 54.79%
NET CHANGE
Cash From Operating Activities 311.0M 428.0M 206.6M
Cash From Investing Activities -93.00M 45.00M -41.10M
Cash From Financing Activities -282.0M -595.0M -203.4M
Net Change In Cash -64.00M -122.0M -37.90M
YoY Change -146.82% 221.9% -168.78%
FREE CASH FLOW
Cash From Operating Activities $311.0M $428.0M $206.6M
Capital Expenditures -$151.0M -$81.00M -$44.10M
Free Cash Flow $462.0M $509.0M $250.7M
YoY Change 25.95% 103.03% 2.12%

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<div style="margin-top:9pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Use of Estimates</span></div><div style="margin-top:6pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The preparation of financial statements in conformity with U.S. generally accepted accounting principles (“U.S. GAAP”) requires management to make estimates and judgments that affect the amounts reported in the Consolidated Financial Statements and accompanying notes. The inputs into our judgments and estimates take into account the current economic implications of the novel coronavirus ("COVID-19") on our critical and significant accounting estimates, including estimates associated with future cash flows that are used in assessing the risk of impairment of certain long-lived assets. Actual results could differ from those estimates.</span></div>
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CashAndCashEquivalentsAtCarryingValue
607000000 USD
CY2021Q3 us-gaap Restricted Cash Current
RestrictedCashCurrent
122000000 USD
CY2020Q4 us-gaap Restricted Cash Current
RestrictedCashCurrent
7000000 USD
CY2020Q3 us-gaap Restricted Cash Current
RestrictedCashCurrent
13000000 USD
CY2019Q4 us-gaap Restricted Cash Current
RestrictedCashCurrent
17000000 USD
CY2021Q3 us-gaap Restricted Cash Noncurrent
RestrictedCashNoncurrent
1000000 USD
CY2020Q4 us-gaap Restricted Cash Noncurrent
RestrictedCashNoncurrent
3000000 USD
CY2020Q3 us-gaap Restricted Cash Noncurrent
RestrictedCashNoncurrent
1000000 USD
CY2019Q4 us-gaap Restricted Cash Noncurrent
RestrictedCashNoncurrent
0 USD
CY2021Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
795000000 USD
CY2020 iff Restructuring And Related Cost Number Of Sites Closed
RestructuringAndRelatedCostNumberOfSitesClosed
21 Facility
CY2019Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
624000000 USD
iff Accounts Receivable Factored
AccountsReceivableFactored
100000000 USD
CY2021Q3 us-gaap Accounts Receivable Gross
AccountsReceivableGross
2019000000.000 USD
CY2020Q4 us-gaap Accounts Receivable Gross
AccountsReceivableGross
950000000 USD
CY2021Q3 us-gaap Receivables Net Current
ReceivablesNetCurrent
1975000000 USD
CY2021Q3 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
44000000 USD
iff Accounts Receivables Outstanding Less Than90 Days
AccountsReceivablesOutstandingLessThan90Days
0.91
iff Accounts Receivables Outstanding By Over365 Days
AccountsReceivablesOutstandingByOver365Days
0.01
us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
4000000 USD
us-gaap Allowance For Doubtful Accounts Receivable Period Increase Decrease
AllowanceForDoubtfulAccountsReceivablePeriodIncreaseDecrease
20000000 USD
iff Accounts Receivable Allowancefor Credit Loss Foreign Currency Translation
AccountsReceivableAllowanceforCreditLossForeignCurrencyTranslation
-1000000 USD
CY2021Q3 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
44000000 USD
CY2021Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
194000000 USD
CY2020Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
85000000 USD
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
180000000 USD
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
296000000 USD
CY2021Q3 iff Increase Decrease In Redemption Value Redeemable Noncontrolling Interest
IncreaseDecreaseInRedemptionValueRedeemableNoncontrollingInterest
1000000 USD
CY2020Q3 iff Increase Decrease In Redemption Value Redeemable Noncontrolling Interest
IncreaseDecreaseInRedemptionValueRedeemableNoncontrollingInterest
-1000000 USD
iff Increase Decrease In Redemption Value Redeemable Noncontrolling Interest
IncreaseDecreaseInRedemptionValueRedeemableNoncontrollingInterest
1000000 USD
iff Increase Decrease In Redemption Value Redeemable Noncontrolling Interest
IncreaseDecreaseInRedemptionValueRedeemableNoncontrollingInterest
-5000000 USD
CY2021Q3 iff Net Income Loss Available To Common Stockholders Adjustment
NetIncomeLossAvailableToCommonStockholdersAdjustment
193000000 USD
CY2020Q3 iff Net Income Loss Available To Common Stockholders Adjustment
NetIncomeLossAvailableToCommonStockholdersAdjustment
86000000 USD
iff Net Income Loss Available To Common Stockholders Adjustment
NetIncomeLossAvailableToCommonStockholdersAdjustment
179000000 USD
iff Net Income Loss Available To Common Stockholders Adjustment
NetIncomeLossAvailableToCommonStockholdersAdjustment
301000000 USD
CY2021Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
254000000 shares
CY2020Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
112000000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
239000000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
112000000 shares
CY2021Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
255000000 shares
CY2020Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
114000000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
239000000 shares
iff Tangible Equity Units Pricefor Shares Basic
TangibleEquityUnitsPriceforSharesBasic
0.313400
iff Tangible Equity Units Pricefor Shares Diluted
TangibleEquityUnitsPriceforSharesDiluted
0.330911
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
114000000 shares
CY2021Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.76
CY2020Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.76
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.75
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
2.68
CY2021Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.76
CY2020Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.75
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.75
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
2.64
CY2021Q3 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.79
CY2020Q3 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.77
us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
2.33
us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
2.27
CY2018Q3 iff Tangible Equity Units Issued
TangibleEquityUnitsIssued
16500000 shares
CY2018Q3 iff Tangible Equity Units Proceeds
TangibleEquityUnitsProceeds
800000000 USD
CY2021Q3 iff Tangible Equity Units Final Settlement Rate
TangibleEquityUnitsFinalSettlementRate
0.330911
CY2021Q3 us-gaap Stock Issued During Period Shares Issued For Services
StockIssuedDuringPeriodSharesIssuedForServices
5460031 shares
iff Tangible Equity Units Pricefor Shares Basic
TangibleEquityUnitsPriceforSharesBasic
0.330911
iff Tangible Equity Units Pricefor Shares Diluted
TangibleEquityUnitsPriceforSharesDiluted
0.383900
iff Participating Securities Distributed And Undistributed Earnings Loss Difference Between Basic And Diluted Net Income Per Share
ParticipatingSecuritiesDistributedAndUndistributedEarningsLossDifferenceBetweenBasicAndDilutedNetIncomePerShare
0.01
CY2020Q3 iff Participating Securities Distributed And Undistributed Earnings Loss Difference Between Basic And Diluted Net Income Per Share
ParticipatingSecuritiesDistributedAndUndistributedEarningsLossDifferenceBetweenBasicAndDilutedNetIncomePerShare
0.01
CY2021Q3 iff Participating Securities Distributed And Undistributed Earnings Loss Difference Between Basic And Diluted Net Income Per Share
ParticipatingSecuritiesDistributedAndUndistributedEarningsLossDifferenceBetweenBasicAndDilutedNetIncomePerShare
0.01
iff Participating Securities Distributed And Undistributed Earnings Loss Difference Between Basic And Diluted Net Income Per Share
ParticipatingSecuritiesDistributedAndUndistributedEarningsLossDifferenceBetweenBasicAndDilutedNetIncomePerShare
0.03
CY2021Q1 us-gaap Payments To Acquire Businesses Gross
PaymentsToAcquireBusinessesGross
7500000000 USD
CY2020Q4 us-gaap Restructuring Reserve
RestructuringReserve
14000000 USD
us-gaap Restructuring Reserve Accrual Adjustment1
RestructuringReserveAccrualAdjustment1
34000000 USD
us-gaap Restructuring Reserve Settled Without Cash2
RestructuringReserveSettledWithoutCash2
4000000 USD
us-gaap Payments For Restructuring
PaymentsForRestructuring
12000000 USD
iff Business Combination Restructuring Liabilities
BusinessCombinationRestructuringLiabilities
4000000 USD
CY2021Q3 us-gaap Restructuring Reserve
RestructuringReserve
36000000 USD
CY2021Q3 us-gaap Restructuring Charges
RestructuringCharges
6000000 USD
CY2020Q3 us-gaap Restructuring Charges
RestructuringCharges
1000000 USD
us-gaap Restructuring Charges
RestructuringCharges
34000000 USD
us-gaap Restructuring Charges
RestructuringCharges
8000000 USD
CY2020Q4 us-gaap Goodwill
Goodwill
5593000000 USD
us-gaap Goodwill Acquired During Period
GoodwillAcquiredDuringPeriod
11802000000 USD
us-gaap Goodwill Transfers
GoodwillTransfers
-499000000 USD
us-gaap Goodwill Foreign Currency Translation Gain Loss
GoodwillForeignCurrencyTranslationGainLoss
-306000000 USD
us-gaap Goodwill Period Increase Decrease
GoodwillPeriodIncreaseDecrease
0 USD
CY2021Q3 us-gaap Goodwill
Goodwill
16590000000 USD
CY2021Q3 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
12130000000 USD
CY2020Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
3432000000 USD
CY2021Q3 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
1171000000 USD
CY2020Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
705000000 USD
CY2021Q3 us-gaap Other Intangible Assets Net
OtherIntangibleAssetsNet
10959000000 USD
CY2020Q4 us-gaap Other Intangible Assets Net
OtherIntangibleAssetsNet
2727000000 USD
CY2021Q3 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
195000000 USD
CY2020Q3 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
48000000 USD
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
547000000 USD
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
145000000 USD
CY2021Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Remainder Of Fiscal Year
FiniteLivedIntangibleAssetsAmortizationExpenseRemainderOfFiscalYear
191000000 USD
CY2021Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
763000000 USD
CY2021Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
753000000 USD
CY2021Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
752000000 USD
CY2021Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
750000000 USD
CY2021Q3 us-gaap Value Added Tax Receivable Current
ValueAddedTaxReceivableCurrent
191000000 USD
CY2020Q4 us-gaap Value Added Tax Receivable Current
ValueAddedTaxReceivableCurrent
93000000 USD
CY2021Q3 us-gaap Income Taxes Receivable
IncomeTaxesReceivable
84000000 USD
CY2020Q4 us-gaap Income Taxes Receivable
IncomeTaxesReceivable
100000000 USD
CY2021Q3 us-gaap Prepaid Expense Current
PrepaidExpenseCurrent
297000000 USD
CY2020Q4 us-gaap Prepaid Expense Current
PrepaidExpenseCurrent
100000000 USD
CY2021Q3 us-gaap Accounts And Other Receivables Net Current
AccountsAndOtherReceivablesNetCurrent
145000000 USD
CY2020Q4 us-gaap Accounts And Other Receivables Net Current
AccountsAndOtherReceivablesNetCurrent
49000000 USD
CY2021Q3 us-gaap Other Assets Current
OtherAssetsCurrent
717000000 USD
CY2020Q4 us-gaap Other Assets Current
OtherAssetsCurrent
342000000 USD
CY2021Q3 us-gaap Finance Lease Right Of Use Asset
FinanceLeaseRightOfUseAsset
20000000 USD
CY2020Q4 us-gaap Finance Lease Right Of Use Asset
FinanceLeaseRightOfUseAsset
8000000 USD
CY2021Q3 us-gaap Deferred Income Taxes And Other Tax Receivable Current
DeferredIncomeTaxesAndOtherTaxReceivableCurrent
114000000 USD
CY2020Q4 us-gaap Deferred Income Taxes And Other Tax Receivable Current
DeferredIncomeTaxesAndOtherTaxReceivableCurrent
197000000 USD
CY2021Q3 us-gaap Defined Benefit Plan Assets For Plan Benefits Noncurrent
DefinedBenefitPlanAssetsForPlanBenefitsNoncurrent
120000000 USD
CY2020Q4 us-gaap Defined Benefit Plan Assets For Plan Benefits Noncurrent
DefinedBenefitPlanAssetsForPlanBenefitsNoncurrent
101000000 USD
CY2021Q3 us-gaap Cash Surrender Value Of Life Insurance
CashSurrenderValueOfLifeInsurance
51000000 USD
CY2020Q4 us-gaap Cash Surrender Value Of Life Insurance
CashSurrenderValueOfLifeInsurance
49000000 USD
CY2021Q3 us-gaap Other Assets Miscellaneous Noncurrent
OtherAssetsMiscellaneousNoncurrent
197000000 USD
CY2020Q4 us-gaap Other Assets Miscellaneous Noncurrent
OtherAssetsMiscellaneousNoncurrent
63000000 USD
CY2021Q3 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
502000000 USD
CY2020Q4 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
418000000 USD
CY2021Q3 iff Rebates And Incentives Payable Current
RebatesAndIncentivesPayableCurrent
101000000 USD
CY2020Q4 iff Rebates And Incentives Payable Current
RebatesAndIncentivesPayableCurrent
64000000 USD
CY2021Q3 us-gaap Sales And Excise Tax Payable Current
SalesAndExciseTaxPayableCurrent
54000000 USD
CY2020Q4 us-gaap Sales And Excise Tax Payable Current
SalesAndExciseTaxPayableCurrent
20000000 USD
CY2021Q3 us-gaap Interest Payable Current
InterestPayableCurrent
69000000 USD
CY2020Q4 us-gaap Interest Payable Current
InterestPayableCurrent
29000000 USD
CY2021Q3 us-gaap Pension And Other Postretirement And Postemployment Benefit Plans Liabilities Current
PensionAndOtherPostretirementAndPostemploymentBenefitPlansLiabilitiesCurrent
11000000 USD
CY2020Q4 us-gaap Pension And Other Postretirement And Postemployment Benefit Plans Liabilities Current
PensionAndOtherPostretirementAndPostemploymentBenefitPlansLiabilitiesCurrent
13000000 USD
CY2021Q3 us-gaap Accrued Insurance Current
AccruedInsuranceCurrent
8000000 USD
CY2020Q4 us-gaap Accrued Insurance Current
AccruedInsuranceCurrent
11000000 USD
CY2021Q3 iff Earn Outs Payable Current
EarnOutsPayableCurrent
2000000 USD
CY2020Q4 iff Earn Outs Payable Current
EarnOutsPayableCurrent
14000000 USD
CY2021Q3 us-gaap Restructuring Reserve
RestructuringReserve
36000000 USD
CY2020Q4 us-gaap Restructuring Reserve
RestructuringReserve
14000000 USD
CY2021Q3 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
108000000 USD
CY2020Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
41000000 USD
CY2021Q3 us-gaap Finance Lease Liability Current
FinanceLeaseLiabilityCurrent
4000000 USD
CY2020Q4 us-gaap Finance Lease Liability Current
FinanceLeaseLiabilityCurrent
3000000 USD
CY2021Q3 us-gaap Accrued Income Taxes Current
AccruedIncomeTaxesCurrent
52000000 USD
CY2020Q4 us-gaap Accrued Income Taxes Current
AccruedIncomeTaxesCurrent
42000000 USD
CY2021Q3 us-gaap Other Accounts Payable And Accrued Liabilities
OtherAccountsPayableAndAccruedLiabilities
290000000 USD
CY2020Q4 us-gaap Other Accounts Payable And Accrued Liabilities
OtherAccountsPayableAndAccruedLiabilities
160000000 USD
CY2021Q3 us-gaap Other Sundry Liabilities Current
OtherSundryLiabilitiesCurrent
218000000 USD
CY2020Q4 us-gaap Other Sundry Liabilities Current
OtherSundryLiabilitiesCurrent
88000000 USD
CY2021Q3 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
953000000 USD
CY2020Q4 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
499000000 USD
CY2021Q3 us-gaap Commercial Paper
CommercialPaper
200000000 USD
CY2020Q4 us-gaap Commercial Paper
CommercialPaper
0 USD
CY2021Q3 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
11526000000 USD
CY2020Q4 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
4413000000 USD
CY2021Q3 us-gaap Long Term Debt Current
LongTermDebtCurrent
708000000 USD
CY2020Q4 us-gaap Long Term Debt Current
LongTermDebtCurrent
634000000 USD
CY2021Q3 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
10818000000 USD
CY2020Q4 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
3779000000 USD
CY2021Q3 us-gaap Commercial Paper
CommercialPaper
200000000 USD
CY2021Q3 us-gaap Commercial Paper
CommercialPaper
200000000 USD
CY2021Q3 us-gaap Lessee Operating Lease Remaining Lease Term
LesseeOperatingLeaseRemainingLeaseTerm
P40Y
CY2021Q3 us-gaap Lessee Operating Lease Renewal Term
LesseeOperatingLeaseRenewalTerm
P5Y
CY2021Q3 us-gaap Operating Lease Cost
OperatingLeaseCost
43000000 USD
CY2020Q3 us-gaap Operating Lease Cost
OperatingLeaseCost
13000000 USD
us-gaap Operating Lease Cost
OperatingLeaseCost
121000000 USD
us-gaap Operating Lease Cost
OperatingLeaseCost
37000000 USD
CY2021Q3 iff Finance Lease Cost
FinanceLeaseCost
2000000 USD
CY2020Q3 iff Finance Lease Cost
FinanceLeaseCost
1000000 USD
iff Finance Lease Cost
FinanceLeaseCost
4000000 USD
iff Finance Lease Cost
FinanceLeaseCost
3000000 USD
us-gaap Operating Lease Payments
OperatingLeasePayments
94000000 USD
us-gaap Operating Lease Payments
OperatingLeasePayments
39000000 USD
us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
3000000 USD
us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
2000000 USD
us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
69000000 USD
us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
37000000 USD
us-gaap Right Of Use Asset Obtained In Exchange For Finance Lease Liability
RightOfUseAssetObtainedInExchangeForFinanceLeaseLiability
16000000 USD
us-gaap Right Of Use Asset Obtained In Exchange For Finance Lease Liability
RightOfUseAssetObtainedInExchangeForFinanceLeaseLiability
4000000 USD
CY2021Q3 iff Deferred Tax Liability Domestic Earnings Repatriated
DeferredTaxLiabilityDomesticEarningsRepatriated
65000000 USD
CY2021Q3 us-gaap Deferred Tax Liabilities Undistributed Foreign Earnings
DeferredTaxLiabilitiesUndistributedForeignEarnings
0 USD
CY2021Q3 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.212
CY2020Q3 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.181
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.221
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.169
CY2021Q3 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
17000000 USD
CY2020Q3 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
9000000 USD
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
50000000 USD
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
30000000 USD
CY2021Q3 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
3000000 USD
CY2020Q3 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
2000000 USD
us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
10000000 USD
us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
5000000 USD
CY2021Q3 us-gaap Allocated Share Based Compensation Expense Net Of Tax
AllocatedShareBasedCompensationExpenseNetOfTax
14000000 USD
CY2020Q3 us-gaap Allocated Share Based Compensation Expense Net Of Tax
AllocatedShareBasedCompensationExpenseNetOfTax
7000000 USD
us-gaap Allocated Share Based Compensation Expense Net Of Tax
AllocatedShareBasedCompensationExpenseNetOfTax
40000000 USD
us-gaap Allocated Share Based Compensation Expense Net Of Tax
AllocatedShareBasedCompensationExpenseNetOfTax
25000000 USD
us-gaap Number Of Operating Segments
NumberOfOperatingSegments
4 segment
iff Number Of Fragrance Categories
NumberOfFragranceCategories
2 category
CY2021Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
3071000000 USD
CY2020Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
1268000000 USD
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
8625000000 USD
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
3814000000 USD
CY2021Q3 iff Segment Adjusted Operating Ebitda
SegmentAdjustedOperatingEBITDA
648000000 USD
CY2020Q3 iff Segment Adjusted Operating Ebitda
SegmentAdjustedOperatingEBITDA
276000000 USD
iff Segment Adjusted Operating Ebitda
SegmentAdjustedOperatingEBITDA
1896000000 USD
iff Segment Adjusted Operating Ebitda
SegmentAdjustedOperatingEBITDA
818000000 USD
CY2021Q3 us-gaap Other Depreciation And Amortization
OtherDepreciationAndAmortization
297000000 USD
CY2020Q3 us-gaap Other Depreciation And Amortization
OtherDepreciationAndAmortization
83000000 USD
us-gaap Other Depreciation And Amortization
OtherDepreciationAndAmortization
861000000 USD
us-gaap Other Depreciation And Amortization
OtherDepreciationAndAmortization
244000000 USD
CY2021Q3 us-gaap Interest Expense
InterestExpense
74000000 USD
CY2020Q3 us-gaap Interest Expense
InterestExpense
35000000 USD
us-gaap Interest Expense
InterestExpense
216000000 USD
us-gaap Interest Expense
InterestExpense
99000000 USD
CY2021Q3 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
26000000 USD
CY2020Q3 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-10000000 USD
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
44000000 USD
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-5000000 USD
CY2021Q3 iff Shareholder Activism Related Costs
ShareholderActivismRelatedCosts
0 USD
CY2020Q3 iff Shareholder Activism Related Costs
ShareholderActivismRelatedCosts
0 USD
iff Shareholder Activism Related Costs
ShareholderActivismRelatedCosts
7000000 USD
iff Shareholder Activism Related Costs
ShareholderActivismRelatedCosts
0 USD
CY2021Q3 iff Business Divestiture Costs
BusinessDivestitureCosts
16000000 USD
CY2020Q3 iff Business Divestiture Costs
BusinessDivestitureCosts
0 USD
iff Business Divestiture Costs
BusinessDivestitureCosts
21000000 USD
iff Business Divestiture Costs
BusinessDivestitureCosts
0 USD
CY2021Q3 us-gaap Severance Costs1
SeveranceCosts1
22000000 USD
CY2020Q3 us-gaap Severance Costs1
SeveranceCosts1
0 USD
us-gaap Severance Costs1
SeveranceCosts1
28000000 USD
us-gaap Severance Costs1
SeveranceCosts1
0 USD
CY2021Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
250000000 USD
CY2020Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
105000000 USD
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
240000000 USD
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
362000000 USD
CY2021Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
3071000000 USD
CY2020Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
1268000000 USD
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
8625000000 USD
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
3814000000 USD
CY2020Q3 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification Before Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationBeforeTax
-71000000 USD
CY2021Q3 us-gaap Derivative Instruments Gain Loss Reclassified From Accumulated Oci Into Income Effective Portion Net
DerivativeInstrumentsGainLossReclassifiedFromAccumulatedOCIIntoIncomeEffectivePortionNet
-1000000 USD
us-gaap Defined Benefit Plan Other Costs
DefinedBenefitPlanOtherCosts
17000000 USD
CY2021Q3 us-gaap Defined Benefit Plan Other Costs
DefinedBenefitPlanOtherCosts
17000000 USD
CY2021Q3 us-gaap Derivative Fair Value Of Derivative Liability
DerivativeFairValueOfDerivativeLiability
10000000 USD
CY2020Q4 us-gaap Derivative Fair Value Of Derivative Liability
DerivativeFairValueOfDerivativeLiability
29000000 USD
CY2021Q3 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification Before Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationBeforeTax
35000000 USD
CY2020Q3 us-gaap Derivative Instruments Gain Loss Reclassified From Accumulated Oci Into Income Effective Portion Net
DerivativeInstrumentsGainLossReclassifiedFromAccumulatedOCIIntoIncomeEffectivePortionNet
1000000 USD
us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification Before Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationBeforeTax
93000000 USD
us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification Before Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationBeforeTax
-71000000 USD
us-gaap Derivative Instruments Gain Loss Reclassified From Accumulated Oci Into Income Effective Portion Net
DerivativeInstrumentsGainLossReclassifiedFromAccumulatedOCIIntoIncomeEffectivePortionNet
-5000000 USD
us-gaap Derivative Instruments Gain Loss Reclassified From Accumulated Oci Into Income Effective Portion Net
DerivativeInstrumentsGainLossReclassifiedFromAccumulatedOCIIntoIncomeEffectivePortionNet
4000000 USD
iff Bank Guarantees Related To Appeals On Income Tax And Indirect Tax Cases
BankGuaranteesRelatedToAppealsOnIncomeTaxAndIndirectTaxCases
14000000 USD
CY2021Q3 iff Bank Guarantees And Standby Letters Of Credit Amount Outstanding
BankGuaranteesAndStandbyLettersOfCreditAmountOutstanding
25000000 USD
CY2021Q3 iff Commercial Guarantees Amount Outstanding
CommercialGuaranteesAmountOutstanding
84000000 USD
CY2021Q3 iff Amount Of Available Lines Of Credit
AmountOfAvailableLinesOfCredit
1428000000 USD
CY2021Q3 iff Lines Of Credit Facility Current Borrowing Amount Total Amount Drawn Down
LinesOfCreditFacilityCurrentBorrowingAmountTotalAmountDrawnDown
229000000 USD
CY2021Q3 us-gaap Commercial Paper
CommercialPaper
200000000 USD
iff Bank Guarantees And Pledged Assets To Pursue Defenses Related To Other Contingencies
BankGuaranteesAndPledgedAssetsToPursueDefensesRelatedToOtherContingencies
21000000 USD
CY2020 us-gaap Payments To Acquire Additional Interest In Subsidiaries
PaymentsToAcquireAdditionalInterestInSubsidiaries
14000000 USD

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