$IFF
INTERNATIONAL FLAVORS & FRAGRANCES INC

2023 Q3 Form 10-Q Financial Statement

#000005125323000029 Filed on August 09, 2023

View on sec.gov

Income Statement

Concept 2023 Q3 2023 Q2 2022 Q2
Revenue $2.820B $2.929B $3.307B
YoY Change -7.93% -11.43% 7.06%
Cost Of Revenue $1.896B $1.996B $2.171B
YoY Change -8.05% -8.06% -0.37%
Gross Profit $924.0M $933.0M $1.136B
YoY Change -7.69% -17.87% 24.84%
Gross Profit Margin 32.77% 31.85% 34.35%
Selling, General & Admin $444.0M $445.0M $456.0M
YoY Change 7.51% -2.41% 10.68%
% of Gross Profit 48.05% 47.7% 40.14%
Research & Development $157.0M $161.0M $158.0M
YoY Change 8.28% 1.9% -3.66%
% of Gross Profit 16.99% 17.26% 13.91%
Depreciation & Amortization $122.0M $115.0M $301.0M
YoY Change 9.91% -61.79% -6.52%
% of Gross Profit 13.2% 12.33% 26.5%
Operating Expenses $601.0M $606.0M $614.0M
YoY Change 7.71% -1.3% 6.6%
Operating Profit $150.0M $145.0M $213.0M
YoY Change -107.56% -31.92% 93.64%
Interest Expense $110.0M $116.0M $77.00M
YoY Change 32.53% 50.65% 0.0%
% of Operating Profit 73.33% 80.0% 36.15%
Other Income/Expense, Net $19.00M $21.00M -$6.000M
YoY Change -42.42% -450.0% -154.55%
Pretax Income $59.00M $50.00M $130.0M
YoY Change -102.9% -61.54% 195.45%
Income Tax $32.00M $23.00M $21.00M
% Of Pretax Income 54.24% 46.0% 16.15%
Net Earnings $25.00M $27.00M $107.0M
YoY Change -101.14% -74.77% 282.14%
Net Earnings / Revenue 0.89% 0.92% 3.24%
Basic Earnings Per Share $0.10 $0.11 $0.43
Diluted Earnings Per Share $0.10 $0.11 $0.43
COMMON SHARES
Basic Shares Outstanding 255.3M shares 255.1M shares 255.0M shares
Diluted Shares Outstanding 256.0M shares 255.0M shares 255.0M shares

Balance Sheet

Concept 2023 Q3 2023 Q2 2022 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $629.0M $638.0M $569.0M
YoY Change 16.91% 12.13% -39.14%
Cash & Equivalents $629.0M $638.0M $569.0M
Short-Term Investments
Other Short-Term Assets $890.0M $898.0M $778.0M
YoY Change 12.23% 15.42% -6.49%
Inventory $2.549B $2.790B $2.993B
Prepaid Expenses $184.0M $187.0M $344.0M
Receivables $1.831B $1.887B $2.180B
Other Receivables $383.0M $382.0M $296.0M
Total Short-Term Assets $6.391B $6.436B $7.730B
YoY Change -1.59% -16.74% 22.76%
LONG-TERM ASSETS
Property, Plant & Equipment $4.126B $4.218B $4.177B
YoY Change 1.75% 0.98% -8.52%
Goodwill $13.03B $13.50B $16.07B
YoY Change -2.06% -16.01% -6.83%
Intangibles
YoY Change
Long-Term Investments $10.00M $11.00M $84.00M
YoY Change 0.0% -86.9%
Other Assets $763.0M $754.0M $726.0M
YoY Change 15.08% 3.86% 40.15%
Total Long-Term Assets $27.00B $28.02B $31.57B
YoY Change -3.71% -11.25% -8.66%
TOTAL ASSETS
Total Short-Term Assets $6.391B $6.436B $7.730B
Total Long-Term Assets $27.00B $28.02B $31.57B
Total Assets $33.40B $34.46B $39.30B
YoY Change -3.31% -12.33% -3.82%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.112B $1.227B $1.576B
YoY Change -27.18% -22.14% 13.46%
Accrued Expenses $591.0M $550.0M $554.0M
YoY Change 2.6% -0.72% 56.94%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $159.0M $796.0M
YoY Change -100.0% -80.03% 8744.44%
Long-Term Debt Due $1.142B $1.362B $1.749B
YoY Change 123.05% -22.13% 183.93%
Total Short-Term Liabilities $3.683B $3.932B $4.720B
YoY Change 1.57% -16.69% 46.27%
LONG-TERM LIABILITIES
Long-Term Debt $9.159B $9.208B $10.36B
YoY Change -10.73% -11.15% -8.73%
Other Long-Term Liabilities $475.0M $504.0M $462.0M
YoY Change 0.64% 9.09% -3.14%
Total Long-Term Liabilities $12.64B $12.81B $14.21B
YoY Change -9.19% -9.81% -9.74%
TOTAL LIABILITIES
Total Short-Term Liabilities $3.683B $3.932B $4.720B
Total Long-Term Liabilities $12.64B $12.81B $14.21B
Total Liabilities $16.33B $16.74B $18.93B
YoY Change -6.96% -11.53% -0.21%
SHAREHOLDERS EQUITY
Retained Earnings $378.0M $560.0M $3.589B
YoY Change -68.13% -84.4% -4.52%
Common Stock $19.90B $19.89B $19.86B
YoY Change 0.17% 0.13% 0.14%
Preferred Stock
YoY Change
Treasury Stock (at cost) $964.0M $966.0M $980.0M
YoY Change -1.53% -1.43% -1.8%
Treasury Stock Shares 20.78M shares
Shareholders Equity $16.98B $17.62B $20.26B
YoY Change
Total Liabilities & Shareholders Equity $33.40B $34.46B $39.30B
YoY Change -3.31% -12.33% -3.82%

Cashflow Statement

Concept 2023 Q3 2023 Q2 2022 Q2
OPERATING ACTIVITIES
Net Income $25.00M $27.00M $107.0M
YoY Change -101.14% -74.77% 282.14%
Depreciation, Depletion And Amortization $122.0M $115.0M $301.0M
YoY Change 9.91% -61.79% -6.52%
Cash From Operating Activities $420.0M $248.0M -$96.00M
YoY Change 45.33% -358.33% -128.24%
INVESTING ACTIVITIES
Capital Expenditures $100.0M $115.0M -$104.0M
YoY Change -192.59% -210.58% 44.44%
Acquisitions
YoY Change
Other Investing Activities $186.0M $834.0M -$121.0M
YoY Change -86.13% -789.26% 830.77%
Cash From Investing Activities $86.00M $719.0M -$225.0M
YoY Change -93.03% -419.56% 164.71%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -427.0M -944.0M 282.0M
YoY Change -70.83% -434.75% -233.02%
NET CHANGE
Cash From Operating Activities 420.0M 248.0M -96.00M
Cash From Investing Activities 86.00M 719.0M -225.0M
Cash From Financing Activities -427.0M -944.0M 282.0M
Net Change In Cash 79.00M 23.00M -39.00M
YoY Change 36.21% -158.97% -190.7%
FREE CASH FLOW
Cash From Operating Activities $420.0M $248.0M -$96.00M
Capital Expenditures $100.0M $115.0M -$104.0M
Free Cash Flow $320.0M $133.0M $8.000M
YoY Change -19.4% 1562.5% -98.06%

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us-gaap Fiscal Period
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<div style="margin-top:6pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Reporting Periods</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 Company uses a calendar year of the twelve-month period from January 1 to December 31.</span></div>
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<div style="margin-top:6pt;text-align:justify"><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 the Company’s judgments and estimates take into account the current economic implications of the novel coronavirus (“COVID-19”), the events in Russia and Ukraine, and the ongoing adverse macroeconomic impacts 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 assets. Actual results could differ from those estimates.</span></div>
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us-gaap Earnings Per Share Basic
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us-gaap Common Stock Dividends Per Share Declared
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us-gaap Common Stock Dividends Per Share Declared
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iff Participating Securities Distributed And Undistributed Earnings Loss Difference Between Basic Net Income Loss Per Share
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iff Participating Securities Distributed And Undistributed Earnings Loss Difference Between Basic Net Income Loss Per Share
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CY2023Q2 iff Participating Securities Distributed And Undistributed Earnings Loss Difference Between Diluted Net Income Loss Per Share
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0.01
iff Participating Securities Distributed And Undistributed Earnings Loss Difference Between Diluted Net Income Loss Per Share
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CY2022Q2 iff Participating Securities Distributed And Undistributed Earnings Loss Difference Between Diluted Net Income Loss Per Share
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iff Participating Securities Distributed And Undistributed Earnings Loss Difference Between Diluted Net Income Loss Per Share
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us-gaap Restructuring Charges
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us-gaap Restructuring Charges
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us-gaap Depreciation
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us-gaap Depreciation
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us-gaap Amortization Of Intangible Assets
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CY2023Q2 us-gaap Cash Surrender Value Of Life Insurance
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CY2023Q2 us-gaap Accrued Insurance Current
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CY2022Q4 us-gaap Accrued Insurance Current
AccruedInsuranceCurrent
9000000 usd
CY2023Q2 iff Earn Outs Payable Current
EarnOutsPayableCurrent
31000000 usd
CY2022Q4 iff Earn Outs Payable Current
EarnOutsPayableCurrent
0 usd
CY2023Q2 us-gaap Restructuring Reserve
RestructuringReserve
39000000 usd
CY2022Q4 us-gaap Restructuring Reserve
RestructuringReserve
15000000 usd
CY2023Q2 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
86000000 usd
CY2022Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
86000000 usd
CY2023Q2 iff Accrued Freight Current
AccruedFreightCurrent
22000000 usd
CY2022Q4 iff Accrued Freight Current
AccruedFreightCurrent
18000000 usd
CY2023Q2 iff Accrued Commissions Payable Current
AccruedCommissionsPayableCurrent
11000000 usd
CY2022Q4 iff Accrued Commissions Payable Current
AccruedCommissionsPayableCurrent
11000000 usd
CY2023Q2 us-gaap Accrued Income Taxes Current
AccruedIncomeTaxesCurrent
110000000 usd
CY2022Q4 us-gaap Accrued Income Taxes Current
AccruedIncomeTaxesCurrent
313000000 usd
CY2023Q2 us-gaap Other Accounts Payable And Accrued Liabilities
OtherAccountsPayableAndAccruedLiabilities
302000000 usd
CY2022Q4 us-gaap Other Accounts Payable And Accrued Liabilities
OtherAccountsPayableAndAccruedLiabilities
256000000 usd
CY2023Q2 us-gaap Other Sundry Liabilities Current
OtherSundryLiabilitiesCurrent
92000000 usd
CY2022Q4 us-gaap Other Sundry Liabilities Current
OtherSundryLiabilitiesCurrent
91000000 usd
CY2023Q2 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
919000000 usd
CY2022Q4 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
1028000000 usd
CY2023Q2 us-gaap Commercial Paper
CommercialPaper
159000000 usd
CY2022Q4 us-gaap Commercial Paper
CommercialPaper
187000000 usd
CY2023Q2 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
10570000000 usd
CY2022Q4 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
10970000000 usd
CY2023Q2 us-gaap Long Term Debt Current
LongTermDebtCurrent
1362000000 usd
CY2022Q4 us-gaap Long Term Debt Current
LongTermDebtCurrent
597000000 usd
CY2023Q2 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
9208000000 usd
CY2022Q4 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
10373000000 usd
us-gaap Proceeds From Issuance Of Commercial Paper
ProceedsFromIssuanceOfCommercialPaper
3535000000 usd
us-gaap Repayments Of Commercial Paper
RepaymentsOfCommercialPaper
3563000000 usd
us-gaap Proceeds From Issuance Of Commercial Paper
ProceedsFromIssuanceOfCommercialPaper
3646000000 usd
us-gaap Repayments Of Commercial Paper
RepaymentsOfCommercialPaper
3178000000 usd
CY2023Q2 us-gaap Lessee Operating Lease Remaining Lease Term
LesseeOperatingLeaseRemainingLeaseTerm
P50Y
CY2023Q2 us-gaap Lessee Operating Lease Renewal Term
LesseeOperatingLeaseRenewalTerm
P15Y
CY2023Q2 us-gaap Operating Lease Cost
OperatingLeaseCost
56000000 usd
CY2022Q2 us-gaap Operating Lease Cost
OperatingLeaseCost
45000000 usd
us-gaap Operating Lease Cost
OperatingLeaseCost
105000000 usd
us-gaap Operating Lease Cost
OperatingLeaseCost
92000000 usd
CY2023Q2 iff Finance Lease Cost
FinanceLeaseCost
2000000 usd
CY2022Q2 iff Finance Lease Cost
FinanceLeaseCost
2000000 usd
iff Finance Lease Cost
FinanceLeaseCost
4000000 usd
iff Finance Lease Cost
FinanceLeaseCost
4000000 usd
us-gaap Operating Lease Payments
OperatingLeasePayments
64000000 usd
us-gaap Operating Lease Payments
OperatingLeasePayments
70000000 usd
us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
4000000 usd
us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
3000000 usd
us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
57000000 usd
us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
144000000 usd
us-gaap Right Of Use Asset Obtained In Exchange For Finance Lease Liability
RightOfUseAssetObtainedInExchangeForFinanceLeaseLiability
6000000 usd
us-gaap Right Of Use Asset Obtained In Exchange For Finance Lease Liability
RightOfUseAssetObtainedInExchangeForFinanceLeaseLiability
2000000 usd
CY2023Q2 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.460
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.703
CY2023Q2 iff Deferred Tax Liability Domestic Earnings Repatriated
DeferredTaxLiabilityDomesticEarningsRepatriated
159000000 usd
CY2023Q2 us-gaap Deferred Tax Liabilities Undistributed Foreign Earnings
DeferredTaxLiabilitiesUndistributedForeignEarnings
0 usd
CY2023Q2 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
20000000 usd
CY2022Q2 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
17000000 usd
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
32000000 usd
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
26000000 usd
CY2023Q2 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
4000000 usd
CY2022Q2 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
3000000 usd
us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
6000000 usd
us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
5000000 usd
CY2023Q2 us-gaap Allocated Share Based Compensation Expense Net Of Tax
AllocatedShareBasedCompensationExpenseNetOfTax
16000000 usd
CY2022Q2 us-gaap Allocated Share Based Compensation Expense Net Of Tax
AllocatedShareBasedCompensationExpenseNetOfTax
14000000 usd
us-gaap Allocated Share Based Compensation Expense Net Of Tax
AllocatedShareBasedCompensationExpenseNetOfTax
26000000 usd
us-gaap Allocated Share Based Compensation Expense Net Of Tax
AllocatedShareBasedCompensationExpenseNetOfTax
21000000 usd
CY2023Q2 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized
105000000 usd
us-gaap Number Of Operating Segments
NumberOfOperatingSegments
4 segment
iff Number Of Fragrance Categories
NumberOfFragranceCategories
2 category
CY2023Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
2929000000 usd
CY2022Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
3307000000 usd
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
5956000000 usd
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
6533000000 usd
CY2023Q2 iff Adjusted Operating Ebitda
AdjustedOperatingEBITDA
510000000 usd
CY2022Q2 iff Adjusted Operating Ebitda
AdjustedOperatingEBITDA
700000000 usd
iff Adjusted Operating Ebitda
AdjustedOperatingEBITDA
1013000000 usd
iff Adjusted Operating Ebitda
AdjustedOperatingEBITDA
1402000000 usd
CY2023Q2 us-gaap Other Depreciation And Amortization
OtherDepreciationAndAmortization
287000000 usd
CY2022Q2 us-gaap Other Depreciation And Amortization
OtherDepreciationAndAmortization
301000000 usd
us-gaap Other Depreciation And Amortization
OtherDepreciationAndAmortization
563000000 usd
us-gaap Other Depreciation And Amortization
OtherDepreciationAndAmortization
604000000 usd
CY2023Q2 us-gaap Interest Expense
InterestExpense
116000000 usd
CY2022Q2 us-gaap Interest Expense
InterestExpense
77000000 usd
us-gaap Interest Expense
InterestExpense
227000000 usd
us-gaap Interest Expense
InterestExpense
149000000 usd
CY2023Q2 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
21000000 usd
CY2022Q2 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-6000000 usd
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
15000000 usd
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
10000000 usd
CY2023Q2 us-gaap Impairment Of Long Lived Assets Held For Use
ImpairmentOfLongLivedAssetsHeldForUse
0 usd
CY2022Q2 us-gaap Impairment Of Long Lived Assets Held For Use
ImpairmentOfLongLivedAssetsHeldForUse
120000000 usd
us-gaap Impairment Of Long Lived Assets Held For Use
ImpairmentOfLongLivedAssetsHeldForUse
0 usd
us-gaap Impairment Of Long Lived Assets Held For Use
ImpairmentOfLongLivedAssetsHeldForUse
120000000 usd
CY2023Q2 iff Business Combination Divestitures And Integration Costs
BusinessCombinationDivestituresAndIntegrationCosts
45000000 usd
CY2022Q2 iff Business Combination Divestitures And Integration Costs
BusinessCombinationDivestituresAndIntegrationCosts
61000000 usd
iff Business Combination Divestitures And Integration Costs
BusinessCombinationDivestituresAndIntegrationCosts
76000000 usd
iff Business Combination Divestitures And Integration Costs
BusinessCombinationDivestituresAndIntegrationCosts
110000000 usd
CY2023Q2 iff Strategic Initiatives Costs
StrategicInitiativesCosts
9000000 usd
CY2022Q2 iff Strategic Initiatives Costs
StrategicInitiativesCosts
0 usd
iff Strategic Initiatives Costs
StrategicInitiativesCosts
22000000 usd
iff Strategic Initiatives Costs
StrategicInitiativesCosts
0 usd
CY2023Q2 us-gaap Legal Fees
LegalFees
14000000 usd
CY2022Q2 us-gaap Legal Fees
LegalFees
0 usd
us-gaap Legal Fees
LegalFees
19000000 usd
us-gaap Legal Fees
LegalFees
0 usd
CY2023Q2 iff Other Costs Credits
OtherCostsCredits
3000000 usd
CY2022Q2 iff Other Costs Credits
OtherCostsCredits
-2000000 usd
iff Other Costs Credits
OtherCostsCredits
-2000000 usd
iff Other Costs Credits
OtherCostsCredits
5000000 usd
CY2023Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
50000000 usd
CY2022Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
130000000 usd
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
64000000 usd
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
415000000 usd
CY2023Q2 iff Business Divestiture Costs
BusinessDivestitureCosts
20000000 usd
CY2023Q2 us-gaap Business Combination Integration Related Costs
BusinessCombinationIntegrationRelatedCosts
20000000 usd
CY2023Q2 us-gaap Business Combination Acquisition Related Costs
BusinessCombinationAcquisitionRelatedCosts
5000000 usd
CY2022Q2 iff Business Divestiture Costs
BusinessDivestitureCosts
30000000 usd
CY2022Q2 us-gaap Business Combination Integration Related Costs
BusinessCombinationIntegrationRelatedCosts
30000000 usd
CY2022Q2 us-gaap Business Combination Acquisition Related Costs
BusinessCombinationAcquisitionRelatedCosts
1000000 usd
iff Business Divestiture Costs
BusinessDivestitureCosts
41000000 usd
us-gaap Business Combination Integration Related Costs
BusinessCombinationIntegrationRelatedCosts
30000000 usd
us-gaap Business Combination Acquisition Related Costs
BusinessCombinationAcquisitionRelatedCosts
5000000 usd
iff Business Divestiture Costs
BusinessDivestitureCosts
60000000 usd
us-gaap Business Combination Integration Related Costs
BusinessCombinationIntegrationRelatedCosts
48000000 usd
us-gaap Business Combination Acquisition Related Costs
BusinessCombinationAcquisitionRelatedCosts
2000000 usd
CY2023Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
2929000000 usd
CY2022Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
3307000000 usd
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
5956000000 usd
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
6533000000 usd
CY2023Q2 us-gaap Derivative Fair Value Of Derivative Liability
DerivativeFairValueOfDerivativeLiability
119000000 usd
CY2023Q2 us-gaap Derivative Gain Loss On Derivative Net
DerivativeGainLossOnDerivativeNet
5000000 usd
CY2022Q2 us-gaap Derivative Gain Loss On Derivative Net
DerivativeGainLossOnDerivativeNet
0 usd
us-gaap Derivative Gain Loss On Derivative Net
DerivativeGainLossOnDerivativeNet
2000000 usd
CY2023Q2 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification Before Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationBeforeTax
-36000000 usd
CY2022Q2 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification Before Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationBeforeTax
104000000 usd
CY2023Q2 us-gaap Derivative Instruments Gain Loss Reclassified From Accumulated Oci Into Income Effective Portion Net
DerivativeInstrumentsGainLossReclassifiedFromAccumulatedOCIIntoIncomeEffectivePortionNet
0 usd
CY2022Q2 us-gaap Derivative Instruments Gain Loss Reclassified From Accumulated Oci Into Income Effective Portion Net
DerivativeInstrumentsGainLossReclassifiedFromAccumulatedOCIIntoIncomeEffectivePortionNet
0 usd
us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification Before Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationBeforeTax
-62000000 usd
us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification Before Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationBeforeTax
126000000 usd
us-gaap Derivative Instruments Gain Loss Reclassified From Accumulated Oci Into Income Effective Portion Net
DerivativeInstrumentsGainLossReclassifiedFromAccumulatedOCIIntoIncomeEffectivePortionNet
0 usd
us-gaap Derivative Instruments Gain Loss Reclassified From Accumulated Oci Into Income Effective Portion Net
DerivativeInstrumentsGainLossReclassifiedFromAccumulatedOCIIntoIncomeEffectivePortionNet
0 usd
CY2023Q2 iff Bank Guarantees Related To Appeals On Income Tax And Indirect Tax Cases
BankGuaranteesRelatedToAppealsOnIncomeTaxAndIndirectTaxCases
10000000 usd
CY2023Q2 iff Bank Guarantees Standby Letters Of Credit And Commercial Guarantees Amount Outstanding
BankGuaranteesStandbyLettersOfCreditAndCommercialGuaranteesAmountOutstanding
94000000 usd
CY2023Q2 iff Amount Of Available Lines Of Credit
AmountOfAvailableLinesOfCredit
1825000000 usd
CY2023Q2 us-gaap Commercial Paper
CommercialPaper
159000000 usd
CY2023Q2 iff Bank Guarantees And Pledged Assets To Pursue Defenses Related To Other Contingencies
BankGuaranteesAndPledgedAssetsToPursueDefensesRelatedToOtherContingencies
18000000 usd
CY2023Q2 ecd Rule10b51 Arr Adopted Flag
Rule10b51ArrAdoptedFlag
false
CY2023Q2 ecd Non Rule10b51 Arr Adopted Flag
NonRule10b51ArrAdoptedFlag
false
CY2023Q2 ecd Rule10b51 Arr Trmntd Flag
Rule10b51ArrTrmntdFlag
true
CY2023Q2 ecd Non Rule10b51 Arr Trmntd Flag
NonRule10b51ArrTrmntdFlag
false

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