2023 Q4 Form 10-Q Financial Statement

#000005125323000036 Filed on November 08, 2023

View on sec.gov

Income Statement

Concept 2023 Q4 2023 Q3
Revenue $2.703B $2.820B
YoY Change -4.96% -7.93%
Cost Of Revenue $1.843B $1.896B
YoY Change -6.68% -8.05%
Gross Profit $860.0M $924.0M
YoY Change -1.04% -7.69%
Gross Profit Margin 31.82% 32.77%
Selling, General & Admin $444.0M $444.0M
YoY Change 0.91% 7.51%
% of Gross Profit 51.63% 48.05%
Research & Development $157.0M $157.0M
YoY Change 9.79% 8.28%
% of Gross Profit 18.26% 16.99%
Depreciation & Amortization $287.0M $122.0M
YoY Change 1.77% 9.91%
% of Gross Profit 33.37% 13.2%
Operating Expenses $768.0M $601.0M
YoY Change 1.32% 7.71%
Operating Profit $92.00M $150.0M
YoY Change -17.12% -107.56%
Interest Expense -$43.00M $110.0M
YoY Change -58.65% 32.53%
% of Operating Profit -46.74% 73.33%
Other Income/Expense, Net -$62.00M $19.00M
YoY Change 933.33% -42.42%
Pretax Income -$2.641B $59.00M
YoY Change 52720.0% -102.9%
Income Tax -$32.00M $32.00M
% Of Pretax Income 54.24%
Net Earnings -$2.610B $25.00M
YoY Change 10340.0% -101.14%
Net Earnings / Revenue -96.56% 0.89%
Basic Earnings Per Share $0.10
Diluted Earnings Per Share -$10.24 $0.10
COMMON SHARES
Basic Shares Outstanding 255.3M shares 255.3M shares
Diluted Shares Outstanding 256.0M shares

Balance Sheet

Concept 2023 Q4 2023 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $709.0M $629.0M
YoY Change 46.79% 16.91%
Cash & Equivalents $703.0M $629.0M
Short-Term Investments
Other Short-Term Assets $875.0M $890.0M
YoY Change 13.64% 12.23%
Inventory $2.477B $2.549B
Prepaid Expenses $184.0M $184.0M
Receivables $1.726B $1.831B
Other Receivables $0.00 $383.0M
Total Short-Term Assets $6.293B $6.391B
YoY Change -15.33% -1.59%
LONG-TERM ASSETS
Property, Plant & Equipment $4.240B $4.126B
YoY Change 0.88% 1.75%
Goodwill $10.64B $13.03B
YoY Change -20.37% -2.06%
Intangibles
YoY Change
Long-Term Investments $11.00M $10.00M
YoY Change 10.0% 0.0%
Other Assets $764.0M $763.0M
YoY Change 9.3% 15.08%
Total Long-Term Assets $24.69B $27.00B
YoY Change -11.76% -3.71%
TOTAL ASSETS
Total Short-Term Assets $6.293B $6.391B
Total Long-Term Assets $24.69B $27.00B
Total Assets $30.98B $33.40B
YoY Change -12.51% -3.31%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.378B $1.112B
YoY Change -2.82% -27.18%
Accrued Expenses $643.0M $591.0M
YoY Change 8.8% 2.6%
Deferred Revenue
YoY Change
Short-Term Debt $3.000M $0.00
YoY Change -98.45% -100.0%
Long-Term Debt Due $885.0M $1.142B
YoY Change 48.24% 123.05%
Total Short-Term Liabilities $3.758B $3.683B
YoY Change 0.8% 1.57%
LONG-TERM LIABILITIES
Long-Term Debt $9.186B $9.159B
YoY Change -11.44% -10.73%
Other Long-Term Liabilities $560.0M $475.0M
YoY Change 18.64% 0.64%
Total Long-Term Liabilities $12.58B $12.64B
YoY Change -9.55% -9.19%
TOTAL LIABILITIES
Total Short-Term Liabilities $3.758B $3.683B
Total Long-Term Liabilities $12.58B $12.64B
Total Liabilities $16.34B $16.33B
YoY Change -7.36% -6.96%
SHAREHOLDERS EQUITY
Retained Earnings -$2.439B $378.0M
YoY Change -355.39% -68.13%
Common Stock $19.91B $19.90B
YoY Change 0.17% 0.17%
Preferred Stock
YoY Change
Treasury Stock (at cost) $963.0M $964.0M
YoY Change -1.53% -1.53%
Treasury Stock Shares
Shareholders Equity $14.61B $16.98B
YoY Change
Total Liabilities & Shareholders Equity $30.98B $33.40B
YoY Change -12.51% -3.31%

Cashflow Statement

Concept 2023 Q4 2023 Q3
OPERATING ACTIVITIES
Net Income -$2.610B $25.00M
YoY Change 10340.0% -101.14%
Depreciation, Depletion And Amortization $287.0M $122.0M
YoY Change 1.77% 9.91%
Cash From Operating Activities $644.0M $420.0M
YoY Change 209.62% 45.33%
INVESTING ACTIVITIES
Capital Expenditures $113.0M $100.0M
YoY Change -29.38% -192.59%
Acquisitions
YoY Change
Other Investing Activities $49.00M $186.0M
YoY Change 172.22% -86.13%
Cash From Investing Activities -$64.00M $86.00M
YoY Change -54.93% -93.03%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -558.0M -427.0M
YoY Change 292.96% -70.83%
NET CHANGE
Cash From Operating Activities 644.0M 420.0M
Cash From Investing Activities -64.00M 86.00M
Cash From Financing Activities -558.0M -427.0M
Net Change In Cash 22.00M 79.00M
YoY Change -128.95% 36.21%
FREE CASH FLOW
Cash From Operating Activities $644.0M $420.0M
Capital Expenditures $113.0M $100.0M
Free Cash Flow $531.0M $320.0M
YoY Change 1006.25% -19.4%

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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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iff Proceeds From Sale Of Accounts Receivable
ProceedsFromSaleOfAccountsReceivable
1302000000 usd
iff Proceeds From Sale Of Accounts Receivable
ProceedsFromSaleOfAccountsReceivable
983000000 usd
CY2023Q3 iff Payments To Participate In Factoring Receivable Program
PaymentsToParticipateInFactoringReceivableProgram
6000000 usd
CY2022Q3 iff Payments To Participate In Factoring Receivable Program
PaymentsToParticipateInFactoringReceivableProgram
3000000 usd
iff Payments To Participate In Factoring Receivable Program
PaymentsToParticipateInFactoringReceivableProgram
18000000 usd
iff Payments To Participate In Factoring Receivable Program
PaymentsToParticipateInFactoringReceivableProgram
6000000 usd
CY2023Q3 us-gaap Accounts Receivable Gross
AccountsReceivableGross
1886000000 usd
CY2022Q4 us-gaap Accounts Receivable Gross
AccountsReceivableGross
1871000000 usd
CY2023Q3 us-gaap Receivables Net Current
ReceivablesNetCurrent
1831000000 usd
CY2023Q3 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
55000000 usd
CY2023Q3 iff Accounts Receivables Outstanding By Over365 Days
AccountsReceivablesOutstandingByOver365Days
0.01
CY2022Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
53000000 usd
us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
9000000 usd
us-gaap Allowance For Doubtful Accounts Receivable Write Offs
AllowanceForDoubtfulAccountsReceivableWriteOffs
6000000 usd
iff Accounts Receivable Allowancefor Credit Loss Foreign Currency Translation
AccountsReceivableAllowanceforCreditLossForeignCurrencyTranslation
-1000000 usd
CY2023Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
25000000 usd
CY2022Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-2197000000 usd
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
43000000 usd
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-1846000000 usd
CY2023Q3 iff Increase Decrease In Redemption Value Redeemable Noncontrolling Interest
IncreaseDecreaseInRedemptionValueRedeemableNoncontrollingInterest
0 usd
CY2022Q3 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
-3000000 usd
CY2023Q3 iff Net Income Loss Available To Common Stockholders Adjustment
NetIncomeLossAvailableToCommonStockholdersAdjustment
25000000 usd
CY2022Q3 iff Net Income Loss Available To Common Stockholders Adjustment
NetIncomeLossAvailableToCommonStockholdersAdjustment
-2196000000 usd
iff Net Income Loss Available To Common Stockholders Adjustment
NetIncomeLossAvailableToCommonStockholdersAdjustment
42000000 usd
iff Net Income Loss Available To Common Stockholders Adjustment
NetIncomeLossAvailableToCommonStockholdersAdjustment
-1843000000 usd
CY2023Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
255000000 shares
CY2022Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
255000000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
255000000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
255000000 shares
CY2023Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
256000000 shares
CY2022Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
255000000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
255000000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
255000000 shares
CY2023Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.10
CY2022Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-8.60
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.16
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-7.22
CY2023Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.10
CY2022Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-8.60
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.16
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-7.22
CY2023Q3 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.81
CY2022Q3 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.81
us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
2.43
us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
2.39
CY2022Q3 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
300000 shares
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
400000 shares
CY2023Q3 iff Participating Securities Distributed And Undistributed Earnings Loss Difference Between Basic Net Income Loss Per Share
ParticipatingSecuritiesDistributedAndUndistributedEarningsLossDifferenceBetweenBasicNetIncomeLossPerShare
0.01
iff Participating Securities Distributed And Undistributed Earnings Loss Difference Between Basic Net Income Loss Per Share
ParticipatingSecuritiesDistributedAndUndistributedEarningsLossDifferenceBetweenBasicNetIncomeLossPerShare
0.01
iff Participating Securities Distributed And Undistributed Earnings Loss Difference Between Basic Net Income Loss Per Share
ParticipatingSecuritiesDistributedAndUndistributedEarningsLossDifferenceBetweenBasicNetIncomeLossPerShare
0
CY2022Q3 iff Participating Securities Distributed And Undistributed Earnings Loss Difference Between Basic Net Income Loss Per Share
ParticipatingSecuritiesDistributedAndUndistributedEarningsLossDifferenceBetweenBasicNetIncomeLossPerShare
0
CY2023Q3 iff Participating Securities Distributed And Undistributed Earnings Loss Difference Between Diluted Net Income Loss Per Share
ParticipatingSecuritiesDistributedAndUndistributedEarningsLossDifferenceBetweenDilutedNetIncomeLossPerShare
0.01
iff Participating Securities Distributed And Undistributed Earnings Loss Difference Between Diluted Net Income Loss Per Share
ParticipatingSecuritiesDistributedAndUndistributedEarningsLossDifferenceBetweenDilutedNetIncomeLossPerShare
0.01
iff Participating Securities Distributed And Undistributed Earnings Loss Difference Between Diluted Net Income Loss Per Share
ParticipatingSecuritiesDistributedAndUndistributedEarningsLossDifferenceBetweenDilutedNetIncomeLossPerShare
0
CY2022Q3 iff Participating Securities Distributed And Undistributed Earnings Loss Difference Between Diluted Net Income Loss Per Share
ParticipatingSecuritiesDistributedAndUndistributedEarningsLossDifferenceBetweenDilutedNetIncomeLossPerShare
0
CY2022Q4 us-gaap Restructuring Reserve
RestructuringReserve
15000000 usd
us-gaap Restructuring Reserve Accrual Adjustment1
RestructuringReserveAccrualAdjustment1
61000000 usd
us-gaap Restructuring Reserve Settled Without Cash2
RestructuringReserveSettledWithoutCash2
2000000 usd
us-gaap Payments For Restructuring
PaymentsForRestructuring
49000000 usd
CY2023Q3 us-gaap Restructuring Reserve
RestructuringReserve
25000000 usd
CY2023Q3 us-gaap Restructuring Charges
RestructuringCharges
2000000 usd
CY2022Q3 us-gaap Restructuring Charges
RestructuringCharges
-4000000 usd
us-gaap Restructuring Charges
RestructuringCharges
61000000 usd
us-gaap Restructuring Charges
RestructuringCharges
5000000 usd
CY2023Q3 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
6368000000 usd
CY2022Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
6180000000 usd
CY2023Q3 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
2242000000 usd
CY2022Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
1977000000 usd
CY2023Q3 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
4126000000 usd
CY2022Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
4203000000 usd
CY2023Q3 us-gaap Depreciation
Depreciation
122000000 usd
CY2022Q3 us-gaap Depreciation
Depreciation
111000000 usd
us-gaap Depreciation
Depreciation
342000000 usd
us-gaap Depreciation
Depreciation
345000000 usd
CY2022Q4 us-gaap Goodwill
Goodwill
13355000000 usd
us-gaap Goodwill Transfers
GoodwillTransfers
-267000000 usd
iff Goodwill Reduction Related To Sale Of Business Unit
GoodwillReductionRelatedToSaleOfBusinessUnit
4000000 usd
us-gaap Goodwill Foreign Currency Translation Gain Loss
GoodwillForeignCurrencyTranslationGainLoss
-53000000 usd
CY2023Q3 us-gaap Goodwill
Goodwill
13031000000 usd
CY2023Q3 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
10761000000 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
11062000000 usd
CY2023Q3 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
2380000000 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
1980000000 usd
CY2023Q3 us-gaap Other Intangible Assets Net
OtherIntangibleAssetsNet
8381000000 usd
CY2022Q4 us-gaap Other Intangible Assets Net
OtherIntangibleAssetsNet
9082000000 usd
CY2023Q3 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
170000000 usd
CY2022Q3 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
182000000 usd
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
513000000 usd
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
552000000 usd
CY2023Q3 us-gaap Other Assets Miscellaneous Noncurrent
OtherAssetsMiscellaneousNoncurrent
268000000 usd
CY2022Q4 us-gaap Other Assets Miscellaneous Noncurrent
OtherAssetsMiscellaneousNoncurrent
265000000 usd
CY2023Q3 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
763000000 usd
CY2022Q4 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
689000000 usd
CY2023Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Remainder Of Fiscal Year
FiniteLivedIntangibleAssetsAmortizationExpenseRemainderOfFiscalYear
173000000 usd
CY2023Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
692000000 usd
CY2023Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
690000000 usd
CY2023Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
688000000 usd
CY2023Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
589000000 usd
CY2023Q3 us-gaap Value Added Tax Receivable Current
ValueAddedTaxReceivableCurrent
159000000 usd
CY2022Q4 us-gaap Value Added Tax Receivable Current
ValueAddedTaxReceivableCurrent
212000000 usd
CY2023Q3 us-gaap Income Taxes Receivable
IncomeTaxesReceivable
224000000 usd
CY2022Q4 us-gaap Income Taxes Receivable
IncomeTaxesReceivable
129000000 usd
CY2023Q3 us-gaap Supplies
Supplies
157000000 usd
CY2022Q4 us-gaap Supplies
Supplies
148000000 usd
CY2023Q3 us-gaap Prepaid Expense Current
PrepaidExpenseCurrent
184000000 usd
CY2022Q4 us-gaap Prepaid Expense Current
PrepaidExpenseCurrent
144000000 usd
CY2023Q3 us-gaap Accounts And Other Receivables Net Current
AccountsAndOtherReceivablesNetCurrent
166000000 usd
CY2022Q4 us-gaap Accounts And Other Receivables Net Current
AccountsAndOtherReceivablesNetCurrent
137000000 usd
CY2023Q3 us-gaap Other Assets Current
OtherAssetsCurrent
890000000 usd
CY2022Q4 us-gaap Other Assets Current
OtherAssetsCurrent
770000000 usd
CY2023Q3 us-gaap Deferred Income Taxes And Other Assets Noncurrent
DeferredIncomeTaxesAndOtherAssetsNoncurrent
212000000 usd
CY2022Q4 us-gaap Deferred Income Taxes And Other Assets Noncurrent
DeferredIncomeTaxesAndOtherAssetsNoncurrent
167000000 usd
CY2023Q3 us-gaap Defined Benefit Plan Assets For Plan Benefits Noncurrent
DefinedBenefitPlanAssetsForPlanBenefitsNoncurrent
202000000 usd
CY2022Q4 us-gaap Defined Benefit Plan Assets For Plan Benefits Noncurrent
DefinedBenefitPlanAssetsForPlanBenefitsNoncurrent
180000000 usd
CY2023Q3 us-gaap Cash Surrender Value Of Life Insurance
CashSurrenderValueOfLifeInsurance
46000000 usd
CY2022Q4 us-gaap Cash Surrender Value Of Life Insurance
CashSurrenderValueOfLifeInsurance
45000000 usd
CY2023Q3 us-gaap Finance Lease Right Of Use Asset
FinanceLeaseRightOfUseAsset
25000000 usd
CY2022Q4 us-gaap Finance Lease Right Of Use Asset
FinanceLeaseRightOfUseAsset
22000000 usd
CY2023Q3 us-gaap Equity Method Investments
EquityMethodInvestments
10000000 usd
CY2022Q4 us-gaap Equity Method Investments
EquityMethodInvestments
10000000 usd
CY2023Q3 iff Rebates And Incentives Payable Current
RebatesAndIncentivesPayableCurrent
99000000 usd
CY2022Q4 iff Rebates And Incentives Payable Current
RebatesAndIncentivesPayableCurrent
99000000 usd
CY2023Q3 us-gaap Sales And Excise Tax Payable Current
SalesAndExciseTaxPayableCurrent
62000000 usd
CY2022Q4 us-gaap Sales And Excise Tax Payable Current
SalesAndExciseTaxPayableCurrent
65000000 usd
CY2023Q3 us-gaap Interest Payable Current
InterestPayableCurrent
74000000 usd
CY2022Q4 us-gaap Interest Payable Current
InterestPayableCurrent
55000000 usd
CY2023Q3 us-gaap Pension And Other Postretirement And Postemployment Benefit Plans Liabilities Current
PensionAndOtherPostretirementAndPostemploymentBenefitPlansLiabilitiesCurrent
5000000 usd
CY2022Q4 us-gaap Pension And Other Postretirement And Postemployment Benefit Plans Liabilities Current
PensionAndOtherPostretirementAndPostemploymentBenefitPlansLiabilitiesCurrent
10000000 usd
CY2023Q3 us-gaap Accrued Insurance Current
AccruedInsuranceCurrent
10000000 usd
CY2022Q4 us-gaap Accrued Insurance Current
AccruedInsuranceCurrent
9000000 usd
CY2023Q3 iff Earn Outs Payable Current
EarnOutsPayableCurrent
31000000 usd
CY2022Q4 iff Earn Outs Payable Current
EarnOutsPayableCurrent
0 usd
CY2023Q3 us-gaap Restructuring Reserve
RestructuringReserve
25000000 usd
CY2022Q4 us-gaap Restructuring Reserve
RestructuringReserve
15000000 usd
CY2023Q3 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
83000000 usd
CY2022Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
86000000 usd
CY2023Q3 iff Accrued Freight Current
AccruedFreightCurrent
12000000 usd
CY2022Q4 iff Accrued Freight Current
AccruedFreightCurrent
18000000 usd
CY2023Q3 iff Accrued Commissions Payable Current
AccruedCommissionsPayableCurrent
10000000 usd
CY2022Q4 iff Accrued Commissions Payable Current
AccruedCommissionsPayableCurrent
11000000 usd
CY2023Q3 us-gaap Accrued Income Taxes Current
AccruedIncomeTaxesCurrent
118000000 usd
CY2022Q4 us-gaap Accrued Income Taxes Current
AccruedIncomeTaxesCurrent
313000000 usd
CY2023Q3 us-gaap Other Accounts Payable And Accrued Liabilities
OtherAccountsPayableAndAccruedLiabilities
263000000 usd
CY2022Q4 us-gaap Other Accounts Payable And Accrued Liabilities
OtherAccountsPayableAndAccruedLiabilities
256000000 usd
CY2023Q3 us-gaap Other Sundry Liabilities Current
OtherSundryLiabilitiesCurrent
145000000 usd
CY2022Q4 us-gaap Other Sundry Liabilities Current
OtherSundryLiabilitiesCurrent
91000000 usd
CY2023Q3 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
937000000 usd
CY2022Q4 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
1028000000 usd
CY2023Q3 us-gaap Commercial Paper
CommercialPaper
0 usd
CY2022Q4 us-gaap Commercial Paper
CommercialPaper
187000000 usd
CY2023Q3 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
10301000000 usd
CY2022Q4 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
10970000000 usd
CY2023Q3 us-gaap Long Term Debt Current
LongTermDebtCurrent
1142000000 usd
CY2022Q4 us-gaap Long Term Debt Current
LongTermDebtCurrent
597000000 usd
CY2023Q3 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
9159000000 usd
CY2022Q4 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
10373000000 usd
us-gaap Proceeds From Issuance Of Commercial Paper
ProceedsFromIssuanceOfCommercialPaper
4283000000 usd
us-gaap Repayments Of Commercial Paper
RepaymentsOfCommercialPaper
4470000000 usd
us-gaap Proceeds From Issuance Of Commercial Paper
ProceedsFromIssuanceOfCommercialPaper
4725000000 usd
us-gaap Repayments Of Commercial Paper
RepaymentsOfCommercialPaper
4845000000 usd
CY2023Q3 us-gaap Lessee Operating Lease Remaining Lease Term
LesseeOperatingLeaseRemainingLeaseTerm
P50Y
CY2023Q3 us-gaap Lessee Operating Lease Renewal Term
LesseeOperatingLeaseRenewalTerm
P15Y
CY2023Q3 us-gaap Operating Lease Cost
OperatingLeaseCost
32000000 usd
CY2022Q3 us-gaap Operating Lease Cost
OperatingLeaseCost
31000000 usd
us-gaap Operating Lease Cost
OperatingLeaseCost
105000000 usd
us-gaap Operating Lease Cost
OperatingLeaseCost
99000000 usd
CY2023Q3 us-gaap Variable Lease Cost
VariableLeaseCost
10000000 usd
CY2022Q3 us-gaap Variable Lease Cost
VariableLeaseCost
12000000 usd
us-gaap Variable Lease Cost
VariableLeaseCost
42000000 usd
us-gaap Variable Lease Cost
VariableLeaseCost
36000000 usd
CY2023Q3 us-gaap Lease Cost
LeaseCost
42000000 usd
CY2022Q3 us-gaap Lease Cost
LeaseCost
43000000 usd
us-gaap Lease Cost
LeaseCost
147000000 usd
us-gaap Lease Cost
LeaseCost
135000000 usd
CY2023Q3 iff Finance Lease Cost
FinanceLeaseCost
3000000 usd
CY2022Q3 iff Finance Lease Cost
FinanceLeaseCost
2000000 usd
iff Finance Lease Cost
FinanceLeaseCost
7000000 usd
iff Finance Lease Cost
FinanceLeaseCost
6000000 usd
us-gaap Operating Lease Payments
OperatingLeasePayments
94000000 usd
us-gaap Operating Lease Payments
OperatingLeasePayments
102000000 usd
us-gaap Finance Lease Interest Payment On Liability
FinanceLeaseInterestPaymentOnLiability
1000000 usd
us-gaap Finance Lease Interest Payment On Liability
FinanceLeaseInterestPaymentOnLiability
0 usd
us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
6000000 usd
us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
5000000 usd
us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
73000000 usd
us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
154000000 usd
us-gaap Right Of Use Asset Obtained In Exchange For Finance Lease Liability
RightOfUseAssetObtainedInExchangeForFinanceLeaseLiability
17000000 usd
us-gaap Right Of Use Asset Obtained In Exchange For Finance Lease Liability
RightOfUseAssetObtainedInExchangeForFinanceLeaseLiability
4000000 usd
CY2023Q3 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.542
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.626
CY2023Q3 iff Deferred Tax Liability Domestic Earnings Repatriated
DeferredTaxLiabilityDomesticEarningsRepatriated
153000000 usd
CY2023Q3 us-gaap Deferred Tax Liabilities Undistributed Foreign Earnings
DeferredTaxLiabilitiesUndistributedForeignEarnings
0 usd
us-gaap Interest Expense
InterestExpense
337000000 usd
us-gaap Interest Expense
InterestExpense
232000000 usd
CY2023Q3 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
19000000 usd
CY2022Q3 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
33000000 usd
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
34000000 usd
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
43000000 usd
CY2023Q3 us-gaap Restructuring Charges
RestructuringCharges
2000000 usd
CY2022Q3 us-gaap Restructuring Charges
RestructuringCharges
-4000000 usd
us-gaap Restructuring Charges
RestructuringCharges
61000000 usd
us-gaap Restructuring Charges
RestructuringCharges
5000000 usd
CY2023Q3 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
0 usd
CY2022Q3 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
2250000000 usd
CY2023Q3 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
18000000 usd
CY2022Q3 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
11000000 usd
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
50000000 usd
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
37000000 usd
CY2023Q3 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
5000000 usd
CY2022Q3 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
11000000 usd
us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
7000000 usd
CY2023Q3 us-gaap Allocated Share Based Compensation Expense Net Of Tax
AllocatedShareBasedCompensationExpenseNetOfTax
13000000 usd
CY2022Q3 us-gaap Allocated Share Based Compensation Expense Net Of Tax
AllocatedShareBasedCompensationExpenseNetOfTax
9000000 usd
us-gaap Allocated Share Based Compensation Expense Net Of Tax
AllocatedShareBasedCompensationExpenseNetOfTax
39000000 usd
us-gaap Allocated Share Based Compensation Expense Net Of Tax
AllocatedShareBasedCompensationExpenseNetOfTax
30000000 usd
CY2023Q3 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized
90000000 usd
us-gaap Number Of Operating Segments
NumberOfOperatingSegments
4 segment
iff Number Of Fragrance Categories
NumberOfFragranceCategories
2 category
CY2023Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
2820000000 usd
CY2022Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
3063000000 usd
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
8776000000 usd
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
9596000000 usd
CY2023Q3 iff Adjusted Operating Ebitda
AdjustedOperatingEBITDA
506000000 usd
CY2022Q3 iff Adjusted Operating Ebitda
AdjustedOperatingEBITDA
612000000 usd
iff Adjusted Operating Ebitda
AdjustedOperatingEBITDA
1519000000 usd
iff Adjusted Operating Ebitda
AdjustedOperatingEBITDA
2014000000 usd
CY2023Q3 us-gaap Other Depreciation And Amortization
OtherDepreciationAndAmortization
292000000 usd
CY2022Q3 us-gaap Other Depreciation And Amortization
OtherDepreciationAndAmortization
293000000 usd
us-gaap Other Depreciation And Amortization
OtherDepreciationAndAmortization
855000000 usd
us-gaap Other Depreciation And Amortization
OtherDepreciationAndAmortization
897000000 usd
CY2023Q3 us-gaap Interest Expense
InterestExpense
110000000 usd
CY2022Q3 us-gaap Interest Expense
InterestExpense
83000000 usd
us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
0 usd
us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
2250000000 usd
CY2023Q3 us-gaap Impairment Of Long Lived Assets Held For Use
ImpairmentOfLongLivedAssetsHeldForUse
0 usd
CY2022Q3 us-gaap Impairment Of Long Lived Assets Held For Use
ImpairmentOfLongLivedAssetsHeldForUse
0 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
CY2023Q3 iff Business Combination Divestitures And Integration Costs
BusinessCombinationDivestituresAndIntegrationCosts
42000000 usd
CY2022Q3 iff Business Combination Divestitures And Integration Costs
BusinessCombinationDivestituresAndIntegrationCosts
57000000 usd
iff Business Combination Divestitures And Integration Costs
BusinessCombinationDivestituresAndIntegrationCosts
118000000 usd
iff Business Combination Divestitures And Integration Costs
BusinessCombinationDivestituresAndIntegrationCosts
167000000 usd
CY2023Q3 iff Strategic Initiatives Costs
StrategicInitiativesCosts
6000000 usd
CY2022Q3 iff Strategic Initiatives Costs
StrategicInitiativesCosts
1000000 usd
iff Strategic Initiatives Costs
StrategicInitiativesCosts
28000000 usd
iff Strategic Initiatives Costs
StrategicInitiativesCosts
1000000 usd
CY2023Q3 us-gaap Legal Fees
LegalFees
13000000 usd
CY2022Q3 us-gaap Legal Fees
LegalFees
0 usd
us-gaap Legal Fees
LegalFees
32000000 usd
us-gaap Legal Fees
LegalFees
0 usd
CY2023Q3 iff Other Costs Credits
OtherCostsCredits
1000000 usd
CY2022Q3 iff Other Costs Credits
OtherCostsCredits
0 usd
iff Other Costs Credits
OtherCostsCredits
-1000000 usd
iff Other Costs Credits
OtherCostsCredits
5000000 usd
CY2023Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
59000000 usd
CY2022Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-2035000000 usd
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
123000000 usd
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-1620000000 usd
CY2023Q3 iff Business Divestiture Costs
BusinessDivestitureCosts
29000000 usd
CY2023Q3 us-gaap Business Combination Integration Related Costs
BusinessCombinationIntegrationRelatedCosts
12000000 usd
CY2023Q3 us-gaap Business Combination Acquisition Related Costs
BusinessCombinationAcquisitionRelatedCosts
1000000 usd
CY2022Q3 iff Business Divestiture Costs
BusinessDivestitureCosts
31000000 usd
CY2022Q3 us-gaap Business Combination Integration Related Costs
BusinessCombinationIntegrationRelatedCosts
25000000 usd
CY2022Q3 us-gaap Business Combination Acquisition Related Costs
BusinessCombinationAcquisitionRelatedCosts
1000000 usd
iff Business Divestiture Costs
BusinessDivestitureCosts
70000000 usd
us-gaap Business Combination Integration Related Costs
BusinessCombinationIntegrationRelatedCosts
42000000 usd
us-gaap Business Combination Acquisition Related Costs
BusinessCombinationAcquisitionRelatedCosts
6000000 usd
iff Business Divestiture Costs
BusinessDivestitureCosts
91000000 usd
us-gaap Business Combination Integration Related Costs
BusinessCombinationIntegrationRelatedCosts
73000000 usd
us-gaap Business Combination Acquisition Related Costs
BusinessCombinationAcquisitionRelatedCosts
3000000 usd
CY2023Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
2820000000 usd
CY2022Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
3063000000 usd
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
8776000000 usd
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
9596000000 usd
CY2023Q3 us-gaap Derivative Fair Value Of Derivative Liability
DerivativeFairValueOfDerivativeLiability
126000000 usd
us-gaap Derivative Gain Loss On Derivative Net
DerivativeGainLossOnDerivativeNet
-21000000 usd
us-gaap Derivative Gain Loss On Derivative Net
DerivativeGainLossOnDerivativeNet
4000000 usd
CY2023Q3 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification Before Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationBeforeTax
62000000 usd
CY2022Q3 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification Before Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationBeforeTax
42000000 usd
CY2023Q3 us-gaap Derivative Instruments Gain Loss Reclassified From Accumulated Oci Into Income Effective Portion Net
DerivativeInstrumentsGainLossReclassifiedFromAccumulatedOCIIntoIncomeEffectivePortionNet
0 usd
CY2022Q3 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
0 usd
us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification Before Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationBeforeTax
168000000 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
CY2023Q3 iff Bank Guarantees Related To Appeals On Income Tax And Indirect Tax Cases
BankGuaranteesRelatedToAppealsOnIncomeTaxAndIndirectTaxCases
10000000 usd
CY2023Q3 iff Bank Guarantees Standby Letters Of Credit And Commercial Guarantees Amount Outstanding
BankGuaranteesStandbyLettersOfCreditAndCommercialGuaranteesAmountOutstanding
91000000 usd
CY2023Q3 iff Amount Of Available Lines Of Credit
AmountOfAvailableLinesOfCredit
1824000000 usd
CY2023Q3 iff Bank Guarantees And Pledged Assets To Pursue Defenses Related To Other Contingencies
BankGuaranteesAndPledgedAssetsToPursueDefensesRelatedToOtherContingencies
18000000 usd
CY2023Q3 ecd Non Rule10b51 Arr Adopted Flag
NonRule10b51ArrAdoptedFlag
false
CY2023Q3 ecd Rule10b51 Arr Adopted Flag
Rule10b51ArrAdoptedFlag
false
CY2023Q3 ecd Non Rule10b51 Arr Trmntd Flag
NonRule10b51ArrTrmntdFlag
false
CY2023Q3 ecd Rule10b51 Arr Trmntd Flag
Rule10b51ArrTrmntdFlag
false

Files In Submission

Name View Source Status
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iff-20230930_def.xml Edgar Link unprocessable
iff-20230930_lab.xml Edgar Link unprocessable
iff-20230930_cal.xml Edgar Link unprocessable
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0000051253-23-000036-xbrl.zip Edgar Link pending
Financial_Report.xlsx Edgar Link pending
iff-20230930.htm Edgar Link pending
iff-20230930.xsd Edgar Link pending
iff093023exhibit101.htm Edgar Link pending
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