International Flavors & Fragrances Inc
(NYSE:IFF)

International Flavors & Fragrances Inc., together with its subsidiaries, manufactures and sells cosmetic active and natural health ingredients for use in various consumer products in Europe, Africa, the Middle East, Greater Asia, North America, and Latin America. It operates through four segments: N...

Website: http://www.iff.com

Founded: 1958

Full Time Employees: 13,668

Sector: Basic Materials

Industry: Specialty Chemicals

Materials

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Quarterly

Annual

Unit: USD	2025-12-31	2025-09-30	2025-06-30	2025-03-31	2024-12-31	2024-09-30	2024-06-30	2024-03-31	2023-12-31	2023-09-30	2023-06-30	2023-03-31	2022-12-31	2022-09-30	2022-06-30	2022-03-31	2021-12-31	2021-09-30	2021-06-30	2021-03-31	2020-12-31	2020-09-30	2020-06-30	2020-03-31	2019-12-31	2019-09-30	2019-06-30	2019-03-31	2018-12-31	2018-09-30	2018-06-30	2018-03-31	2017-12-31	2017-09-30	2017-06-30	2017-03-31	2016-12-31	2016-09-30	2016-06-30	2016-03-31	2015-12-31	2015-09-30	2015-06-30	2015-03-31	2014-12-31	2014-09-30	2014-06-30	2014-03-31

net sales	2,589,000,000	2,694,000,000	2,764,000,000	2,843,000,000	2,771,000,000	2,925,000,000	2,889,000,000	2,899,000,000	2,703,000,000	2,820,000,000	2,929,000,000	3,027,000,000	2,844,000,000	3,063,000,000	3,307,000,000	3,226,000,000	3,031,000,000	3,071,000,000	3,089,000,000	2,465,000,000	1,270,073,000	1,268,076,000	1,198,773,000	1,347,317,000	1,283,769,000	1,267,345,000	1,291,568,000	1,297,402,000	1,219,047,000	907,548,000	920,016,000	930,928,000	2,525,779,000	872,940,000	842,861,000	828,293,000	762,560,000	777,001,000	793,478,000	783,312,000	715,649,000	765,092,000	767,541,000	774,907,000	756,082,000	773,813,000	788,414,000	770,224,000
yoy	-6.57%	-7.90%	-4.33%	-1.93%	2.52%	3.72%	-1.37%	-4.23%	-4.96%	-7.93%	-11.43%	-6.17%	-6.17%	-0.26%	7.06%	30.87%	138.65%	142.18%	157.68%	82.96%	-1.07%	0.06%	-7.18%	3.85%	5.31%	39.64%	40.39%	39.37%	-51.74%	3.96%	9.15%	12.39%	231.22%	12.35%	6.22%	5.74%	6.56%	1.56%	3.38%	1.08%	-5.35%	-1.13%	-2.65%	0.61%
qoq	-3.90%	-2.53%	-2.78%	2.60%	-5.26%	1.25%	-0.34%	7.25%	-4.15%	-3.72%	-3.24%	6.43%	-7.15%	-7.38%	2.51%	6.43%	-1.30%	-0.58%	25.31%	94.08%	0.16%	5.78%	-11.03%	4.95%	1.30%	-1.88%	-0.45%	6.43%	34.32%	-1.36%	-1.17%	-63.14%	189.34%	3.57%	1.76%	8.62%	-1.86%	-2.08%	1.30%	9.45%	-6.46%	-0.32%	-0.95%	2.49%	-2.29%	-1.85%	2.36%
cost of sales	1,699,000,000	1,711,000,000	1,734,000,000	1,808,000,000	1,791,000,000	1,873,000,000
gross profit	890,000,000	983,000,000	1,030,000,000	1,035,000,000	980,000,000	1,052,000,000	1,068,000,000	1,024,000,000	860,000,000	924,000,000	933,000,000	964,000,000	869,000,000	1,001,000,000	1,136,000,000	1,145,000,000	981,000,000	1,090,000,000	910,000,000	754,000,000	513,730,000	524,427,000	481,842,000	565,867,000	502,162,000	533,088,000	546,239,000	531,259,000	477,515,000	400,666,000	398,717,000	405,809,000	1,096,945,000	382,056,000	374,589,000	364,666,000	326,953,000	346,268,000	365,641,000	360,209,000	313,156,000	347,126,000	345,040,000	346,277,000
yoy	-9.18%	-6.56%	-3.56%	1.07%	13.95%	13.85%	14.47%	6.22%	-1.04%	-7.69%	-17.87%	-15.81%	-11.42%	-8.17%	24.84%	51.86%	90.96%	107.85%	88.86%	33.25%	2.30%	-1.62%	-11.79%	6.51%	5.16%	33.05%	37.00%	30.91%	-56.47%	4.87%	6.44%	11.28%	235.51%	10.34%	2.45%	1.24%	4.41%	-0.25%	5.97%	4.02%
qoq	-9.46%	-4.56%	-0.48%	5.61%	-6.84%	-1.50%	4.30%	19.07%	-6.93%	-0.96%	-3.22%	10.93%	-13.19%	-11.88%	-0.79%	16.72%	-10.00%	19.78%	20.69%	46.77%	-2.04%	8.84%	-14.85%	12.69%	-5.80%	-2.41%	2.82%	11.25%	19.18%	0.49%	-1.75%	-63.01%	187.12%	1.99%	2.72%	11.53%	-5.58%	-5.30%	1.51%	15.03%	-9.79%	0.60%	-0.36%
gross margin %	34.38%	36.49%	37.26%	36.41%	35.37%	35.97%	36.97%	35.32%	31.82%	32.77%	31.85%	31.85%	30.56%	32.68%	34.35%	35.49%	32.37%	35.49%	29.46%	30.59%	40.45%	41.36%	40.19%	42.00%	39.12%	42.06%	42.29%	40.95%	39.17%	44.15%	43.34%	43.59%	43.43%	43.77%	44.44%	44.03%	42.88%	44.56%	46.08%	45.99%	43.76%	45.37%	44.95%	44.69%	0%	0%	0%	0%
research and development expenses	174,000,000	174,000,000	182,000,000	164,000,000	170,000,000	162,000,000	173,000,000	166,000,000	157,000,000	157,000,000	161,000,000	161,000,000	143,000,000	145,000,000	158,000,000	157,000,000	166,000,000	156,000,000	164,000,000	143,000,000	100,038,000	89,968,000	80,948,000	85,909,000	85,639,000	85,077,000	84,816,000	90,596,000	83,038,000	75,302,000	74,767,000	78,476,000					63,211,000	64,415,000	63,252,000	63,385,000	57,376,000	62,750,000	62,514,000	63,462,000	62,005,000	63,701,000	66,431,000	61,504,000
selling and administrative expenses	469,000,000	421,000,000	483,000,000	461,000,000	517,000,000	495,000,000	493,000,000	490,000,000	444,000,000	444,000,000	445,000,000	454,000,000	440,000,000	413,000,000	456,000,000	459,000,000	450,000,000	436,000,000	412,000,000	451,000,000	254,192,000	234,520,000	230,407,000	229,714,000	242,010,000	210,829,000	210,100,000	213,182,000	249,614,000	157,796,000	157,407,000	142,644,000					157,852,000	152,046,000	132,784,000	123,543,000	126,997,000	127,663,000	134,063,000	120,835,000	135,027,000	123,212,000	132,919,000	123,733,000
amortization of acquisition-related intangibles	134,000,000	146,000,000	145,000,000	143,000,000	143,000,000	146,000,000	153,000,000	168,000,000	167,000,000	170,000,000	172,000,000	171,000,000	175,000,000	182,000,000	184,000,000	186,000,000	185,000,000	195,000,000	200,000,000	152,000,000	47,685,000	47,738,000	48,834,000	48,350,000	49,133,000	48,430,000	47,909,000	47,625,000	48,107,000	9,003,000	9,584,000	9,185,000	25,928,000	8,766,000	8,494,000	7,066,000	7,104,000	5,468,000	5,130,000	6,061,000
impairment of goodwill				1,153,000,000			64,000,000							2,250,000,000
restructuring and other charges	16,000,000	16,000,000	21,000,000	17,000,000	23,000,000	1,000,000	2,000,000	3,000,000	7,000,000	2,000,000	7,000,000	52,000,000	7,000,000	-4,000,000	7,000,000	2,000,000	7,000,000	6,000,000	24,000,000	4,000,000	8,996,000	1,497,000	1,884,000	4,918,000	7,350,000	3,716,000	2,525,000	16,174,000	2,249,000	927,000	1,186,000	717,000	16,462,000	3,249,000	791,000	10,143,000					7,764,000		-358,000	187,000	386,000	608,000	182,000	122,000
losses on sale of assets			1,000,000		-2,750,000	-1,000,000	-8,000,000		-250,000	1,000,000	3,000,000
operating profit	97,000,000	226,000,000	198,000,000	-903,000,000	127,000,000	249,000,000	191,000,000	199,000,000	-2,536,000,000	150,000,000	145,000,000	131,000,000	105,000,000	-1,985,000,000	213,000,000	341,000,000	173,000,000	298,000,000	110,000,000	4,000,000	100,603,000	150,289,000	119,370,000	196,222,000	116,799,000	184,664,000	199,937,000	163,870,000	95,249,000	159,268,000	154,509,000	174,856,000	423,776,000	157,667,000	159,142,000	137,437,000	111,322,000	124,339,000	164,475,000	167,220,000	121,019,000	156,713,000	148,821,000	161,793,000
yoy	-23.62%	-9.24%	3.66%	-553.77%	-105.01%	66.00%	31.72%	51.91%	-2515.24%	-107.56%	-31.92%	-61.58%	-39.31%	-766.11%	93.64%	8425.00%	71.96%	98.28%	-7.85%	-97.96%	-13.87%	-18.61%	-40.30%	19.74%	22.62%	15.95%	29.40%	-6.28%	-77.52%	1.02%	-2.91%	27.23%	280.68%	26.80%	-3.24%	-17.81%	-8.01%	-20.66%	10.52%	3.35%
qoq	-57.08%	14.14%	-121.93%	-811.02%	-49.00%	30.37%	-4.02%	-107.85%	-1790.67%	3.45%	10.69%	24.76%	-105.29%	-1031.92%	-37.54%	97.11%	-41.95%	170.91%	2650.00%	-96.02%	-33.06%	25.90%	-39.17%	68.00%	-36.75%	-7.64%	22.01%	72.04%	-40.20%	3.08%	-11.64%	-58.74%	168.78%	-0.93%	15.79%	23.46%	-10.47%	-24.40%	-1.64%	38.18%	-22.78%	5.30%	-8.02%
operating margin %	3.75%	8.39%	7.16%	-31.76%	4.58%	8.51%	6.61%	6.86%	-93.82%	5.32%	4.95%	4.33%	3.69%	-64.81%	6.44%	10.57%	5.71%	9.70%	3.56%	0.16%	7.92%	11.85%	9.96%	14.56%	9.10%	14.57%	15.48%	12.63%	7.81%	17.55%	16.79%	18.78%	16.78%	18.06%	18.88%	16.59%	14.60%	16.00%	20.73%	21.35%	16.91%	20.48%	19.39%	20.88%	0%	0%	0%	0%
interest expense	49,000,000	48,000,000	61,000,000	71,000,000	69,000,000	74,000,000	79,000,000	83,000,000	43,000,000	110,000,000	116,000,000	111,000,000	104,000,000	83,000,000	77,000,000	72,000,000	73,000,000	74,000,000	77,000,000	65,000,000	32,756,000	34,844,000	32,062,000	32,140,000	35,559,000	33,497,000	32,593,000	36,572,000	38,803,000	23,914,000	53,246,000	16,595,000	46,142,000	19,221,000	17,556,000	12,807,000	12,340,000	13,111,000	15,060,000	12,478,000	11,705,000	11,855,000	11,407,000	11,095,000	12,019,000	10,968,000	11,403,000	11,677,000
gain on extinguishment of debt			-488,000,000
losses on business disposals	-2,000,000		81,000,000		2,000,000	20,000,000	-368,000,000
loss on assets classified as held for sale	7,000,000	108,000,000			33,000,000	32,000,000	282,000,000
other expense	21,000,000	14,000,000	10,000,000	20,000,000	138,000,000	28,000,000	15,000,000	1,000,000			-21,000,000	6,000,000			6,000,000		-11,000,000	-26,000,000		-7,000,000	1,190,500	9,945,000											-18,085,000	-2,880,000	-454,000	-13,857,000
income before income taxes	-108,500,000	56,000,000	534,000,000		98,250,000	95,000,000	183,000,000
provision for income taxes	-9,000,000	15,000,000	-78,000,000	23,000,000	-69,000,000	35,000,000	11,000,000	54,000,000	-32,000,000	32,000,000	23,000,000	22,000,000	19,000,000	160,000,000	21,000,000	39,000,000	22,000,000	53,000,000	14,000,000
net income	31,000,000	41,000,000	612,000,000	-1,017,000,000	-46,000,000	60,000,000	172,000,000	61,000,000	-2,609,000,000	27,000,000	27,000,000	-8,000,000	-24,000,000	-2,195,000,000	109,000,000	246,000,000	92,000,000	197,000,000	30,000,000	-40,000,000	66,564,000	86,231,000	87,366,000	127,211,000	80,378,000	129,807,000	138,869,000	111,214,000	15,500,000	95,716,000	99,149,000	129,416,000	185,404,000	110,261,000	109,795,000	115,764,000	79,917,000	89,777,000	116,733,000	118,603,000	79,167,000	106,447,000	105,374,000	128,258,000	90,135,000	107,415,000	110,285,000	106,707,000
yoy	-167.39%	-31.67%	255.81%	-1767.21%	-98.24%	122.22%	537.04%	-862.50%	10770.83%	-101.23%	-75.23%	-103.25%	-126.09%	-1214.21%	263.33%	-715.00%	38.21%	128.46%	-65.66%	-131.44%	-17.19%	-33.57%	-37.09%	14.38%	418.57%	35.62%	40.06%	-14.06%	-91.64%	-13.19%	-9.70%	11.79%	132.00%	22.82%	-5.94%	-2.39%	0.95%	-15.66%	10.78%	-7.53%	-12.17%	-0.90%	-4.45%	20.20%
qoq	-24.39%	-93.30%	-160.18%	2110.87%	-176.67%	-65.12%	181.97%	-102.34%	-9762.96%	0.00%	-437.50%	-66.67%	-98.91%	-2113.76%	-55.69%	167.39%	-53.30%	556.67%	-175.00%	-160.09%	-22.81%	-1.30%	-31.32%	58.27%	-38.08%	-6.53%	24.87%	617.51%	-83.81%	-3.46%	-23.39%	-30.20%	68.15%	0.42%	-5.16%	44.86%	-10.98%	-23.09%	-1.58%	49.81%	-25.63%	1.02%	-17.84%	42.30%	-16.09%	-2.60%	3.35%
net income margin %	1.20%	1.52%	22.14%	-35.77%	-1.66%	2.05%	5.95%	2.10%	-96.52%	0.96%	0.92%	-0.26%	-0.84%	-71.66%	3.30%	7.63%	3.04%	6.41%	0.97%	-1.62%	5.24%	6.80%	7.29%	9.44%	6.26%	10.24%	10.75%	8.57%	1.27%	10.55%	10.78%	13.90%	7.34%	12.63%	13.03%	13.98%	10.48%	11.55%	14.71%	15.14%	11.06%	13.91%	13.73%	16.55%	11.92%	13.88%	13.99%	13.85%
net income attributable to non-controlling interests	500,000	1,000,000		1,000,000	1,000,000	1,000,000	2,000,000	1,000,000	750,000	2,000,000		1,000,000
net income attributable to iff shareholders	31,000,000	40,000,000	612,000,000	-1,018,000,000	-46,000,000	59,000,000	170,000,000	60,000,000	-2,610,000,000	25,000,000	27,000,000	-9,000,000	-25,000,000	-2,197,000,000	107,000,000
net income per share	0.12	0.16	2.39	-3.98	-0.18	0.23	0.67	0.23	-10.21	0.1	0.11	-0.04	-0.1	-8.6	0.43	0.96	0.36	0.76	0.11	-0.21	0.57	0.76	0.75	1.16	0.71	1.15	1.21	0.97	-0.25	1.18	1.25	1.63					1	1.13	1.46	1.48	0.99	1.32	1.3	1.58	1.11	1.32	1.35	1.31
average number of shares outstanding - basic	64	256	256	256	63.75	256	255	255		255	255	255		255	255	255	4	254	254	206	14	112,183	112,177	112,082	13	111,998	111,996	111,864	7,768	81,263	79,065	79,018					19,931.75	79,580	79,764	79,666	20,150.5	80,330	80,790	80,654	20,245.25	80,942	80,949	81,053
average number of shares outstanding - diluted	64	257	257	256	64	257	256	256		256	255	255		255	255	255	4	255	255	206	-1	113,622	113,675	113,594	174	113,493	112,872	113,389	8,006	81,647	79,303	79,393					20,016.75	79,935	80,040	80,055	20,263	80,737	81,192	81,195	20,389	81,508	81,430	81,732
statement of comprehensive income
other comprehensive income, after tax:
foreign currency translation adjustments	38	-47	758	404	-908	555	-128	-293	546	-476	60	284	-903,998,230	-982	-589	-199	-355,000,000	-339,000,000	263,000,000	-417,000,000	314,651,000	79,291,000	146,468,000	-452,278,000	200,443,000	-204,853,000	-14,014,000	42,377,000	-1,532,000	-27,587,000	-85,264,000	14,803,000					-57,724,000	-6,191,000	-4,689,000	14,077,000	-42,830,000	-48,368,000	17,557,000	-50,515,000	-42,192,000	-25,046,000	7,570,000	-9,396,000
gains on derivatives qualifying as hedges	-1				2	1	1										1,000,000	1,000,000	2,000,000	4,000,000	-2,533,000	-4,751,000	-3,101,000	1,447,000	-5,935,000	2,939,000	415,000		2,731,000	2,421,000	10,455,000						7,327,000	268,000	800,000	-10,192,000	3,411,000	-12,498,000	-5,966,000	12,083,000	8,577,000	5,748,000	1,598,000	460,000
pension and postretirement liability adjustment	-4	-1	-50	1	139	-1	3	5	-106	-3	-1	-2	157,999,994	5	1
other comprehensive income	33	-48	708	404	-767	555	-124	-295			59	282			-588		-243,000,000	-346,000,000	268,000,000		-55,631,250	78,047,000	146,742,000	-447,314,000			-11,005,000	44,873,000	-19,405,750	-22,607,000	-71,919,000	16,903,000					448,250	-3,337,000	-1,311,000	6,440,000			17,067,000	-32,885,000	-1,587,500	-15,347,000	13,568,000	-4,571,000
comprehensive income	64	-7	1,320		107.25	615	48	-234			86	274			-479	47
comprehensive income attributable to non-controlling interests	0.5	1		1	1	1	2	1
comprehensive income attributable to iff shareholders	64	-8	1,320		106.25	614	46	-235			86	273			-481
gains on sales of assets
income before taxes				-994,000,000				115,000,000	-2,641,000,000	59,000,000	50,000,000	14,000,000	-5,000,000	-2,035,000,000	130,000,000	285,000,000	114,000,000	250,000,000	44,000,000	-54,000,000	79,298,000	105,500,000	103,065,000	153,508,000	96,529,000	156,866,000	169,481,000	134,576,000	66,300,000	100,702,000	121,918,000	158,837,000	395,719,000	141,326,000	142,040,000	138,487,000	103,380,000	113,390,000	152,050,000	154,896,000	102,815,000	142,899,000	136,978,000	156,408,000	117,589,000	142,185,000	146,353,000	142,933,000
statements of comprehensive income
losses on derivatives qualifying as hedges				-1				-7																				-97,000
comprehensive loss				-613					-2,169	-452			-901	-3,172
comprehensive loss attributable to iff shareholders				-614					-2,170	-454			-902.5	-3,174
cost of goods sold							1,821,000,000	1,875,000,000	1,843,000,000	1,896,000,000	1,996,000,000	2,063,000,000	1,975,000,000	2,062,000,000	2,171,000,000	2,081,000,000	2,050,000,000	1,981,000,000	2,179,000,000	1,711,000,000	756,343,000	743,649,000	716,931,000	781,450,000	781,607,000	734,257,000	745,329,000	766,143,000	741,532,000	506,882,000	521,299,000	525,119,000	1,428,834,000	490,884,000	468,272,000	463,627,000	435,607,000	430,733,000	427,837,000	423,103,000	402,493,000	417,966,000	422,501,000	428,630,000	428,102,000	433,702,000	435,767,000	428,812,000
gains on sale of assets								-2,000,000
impairment of long-lived assets															120,000,000
other income									-8,500,000	-19,000,000			6,000,000	-33,000,000		-16,000,000			-11,000,000				-15,757,000		-15,289,000	-5,699,000	-2,137,000	-7,278,000	-9,854,000	-4,158,000							-1,238,000	-2,162,000	-2,635,000	-154,000	-828,750	1,959,000	436,000	-5,710,000	-940,250	-563,000	-4,641,000	1,443,000
statements of comprehensive loss
other comprehensive loss, after tax:
other comprehensive loss									-34.5	-479			-441	-977		-199				-404,000,000					-41,331,250	-199,193,000															-17,801,500	-55,388,000
gains on sale of fixed assets												-5,000,000
gains on sales of fixed assets													-500,000		-2,000,000													-188,000	-108,750	-1,630,000
net income attributable to noncontrolling interests													1,500,000	2,000,000	2,000,000	2,000,000	2,000,000	3,000,000	2,000,000	2,000,000	-1,025,000	1,403,000	1,162,000	2,604,000	-3,165,000	2,683,000	2,492,000	2,385,000
net income attributable to iff stockholders																244,000,000	90,000,000	194,000,000	28,000,000	-42,000,000	67,589,000	84,828,000	86,204,000	124,607,000	83,543,000	127,124,000	136,377,000	108,829,000
comprehensive income attributable to iff stockholders																45	-153,000,000	-152,000,000	296,000,000		309,467,000	162,875,000	232,946,000	-322,707,000	234,201,000	-72,069,000	125,372,000	153,702,000
losses on sales of fixed assets																	-250,000	-1,000,000			392,000	415,000	399,000	754,000	284,000	372,000	952,000				1,264,000
pension and postretirement net liability																	1,000,000	-8,000,000	3,000,000	9,000,000	2,599,750	3,507,000	3,375,000	3,517,000	1,977,000	2,721,000	2,594,000	2,593,000	2,019,500	2,559,000	2,890,000	2,629,000					1,929,750	2,586,000	2,578,000	2,555,000	4,125,250	5,478,000	5,476,000	5,547,000	3,179,000	3,951,000	4,400,000	4,365,000
other comprehensive income, net, after tax:
taxes on income																				-14,000,000	12,734,000	19,269,000	15,699,000	26,297,000	16,151,000	27,059,000	30,612,000	23,362,000	50,800,000	4,986,000	22,769,000	29,421,000	210,315,000	31,065,000	32,245,000	22,723,000	23,463,000	23,613,000	35,317,000	36,293,000	23,648,000	36,452,000	31,604,000	28,150,000	27,454,000	34,770,000	36,068,000	36,226,000
comprehensive loss attributable to iff stockholders																				-446,000,000
other loss																								10,574,000
loss on extinguishment of debt																														38,810,000
total comprehensive income																													61,664,500	73,109,000	27,230,000	146,319,000					81,726,750	86,440,000	115,422,000	125,043,000	67,218,500	51,059,000	122,441,000	95,373,000	79,514,500	92,068,000	123,853,000	102,136,000
other (income)																															-20,655,000	-576,000
dividends declared per share																															0.69	0.69					0.44	0.64	0.56	0.56	0.375	0.56	0.47	0.47	0.313	0.47	0.39	0.39
gain on sales of fixed assets																																-69,000	-153,000	-31,000	-68,000	-21,000
(losses) on derivatives qualifying as hedges																																-529,000
foreign currency contracts																																	1,160,500	4,642,000	2,568,000	524,000
interest rate swaps																																	-143,250	-573,000	-357,000	-188,000
gains on pension and postretirement liability adjustments
prior service cost																																	1,326,000	5,304,000	-3,512,000	-1,753,000
actuarial losses																																	-5,024,250	-20,097,000	-12,982,000	-6,423,000
research and development (r&d) expenses																																	17,733,000	70,932,000	70,320,000	69,711,000
selling and administrative (s&a) expenses																																	35,368,250	141,473,000	135,910,000	140,330,000
diluted eps																																	347.5	1,390	1,380	1,450
gross margin																																	10,950	43,800	44,400	44,000
r&d as a percentage of sales																																	2,025	8,100	8,300	8,400
s&a as a percentage of sales																																	4,050	16,200	16,100	16,900
operating margin																																	4,525	18,100	18,900	16,600
adjusted operating margin																																	4,800	19,200	20,400	19,700
effective tax rate																																	5,500	22,000	22,700	16,400
segment net sales
flavors																																	102,450,000	409,800,000	414,323,000	406,164,000
fragrances																																	115,785,000	463,140,000	428,538,000	422,129,000
consolidated																																	218,235,000	872,940,000	842,861,000	828,293,000

Balance Sheets:

Quarterly

Annual

Unit: USD	2025-12-31	2025-09-30	2025-06-30	2025-03-31	2024-12-31	2024-09-30	2024-06-30	2024-03-31	2023-12-31	2023-09-30	2023-06-30	2023-03-31	2022-12-31	2022-09-30	2022-06-30	2022-03-31	2021-12-31	2021-09-30	2021-06-30	2021-03-31	2020-12-31	2020-09-30	2020-06-30	2020-03-31	2019-12-31	2019-09-30	2019-06-30	2019-03-31	2018-12-31	2018-09-30	2018-06-30	2018-03-31	2017-12-31	2017-09-30	2017-06-30	2017-03-31	2016-12-31	2016-09-30	2016-06-30	2016-03-31	2015-12-31	2015-09-30	2015-06-30	2015-03-31	2014-12-31	2014-09-30	2014-06-30	2014-03-31

assets
current assets:
cash, cash equivalents, and restricted cash	590,000,000				469,000,000	567,000,000	671,000,000
trade receivables	1,731,000,000	1,869,000,000	1,801,000,000	1,742,000,000	1,624,000,000	1,772,000,000	1,775,000,000	1,977,000,000	1,726,000,000	1,831,000,000	1,887,000,000	1,899,000,000		2,031,000,000	2,180,000,000	2,160,000,000		1,975,000,000	2,059,000,000	2,023,000,000		928,625,000	961,568,000	943,114,000		942,705,000	1,046,028,000	1,003,965,000		701,111,000	723,855,000	734,378,000		691,239,000	665,511,000	637,521,000		587,074,000	621,164,000	609,587,000		569,608,000	566,414,000	525,260,000		562,617,000	583,220,000	574,678,000
inventories	2,245,000,000	2,323,000,000	2,371,000,000	2,249,000,000	2,133,000,000	2,200,000,000	2,160,000,000	2,411,000,000	2,477,000,000				3,151,000,000				2,516,000,000				1,131,856,000				1,123,068,000				1,078,537,000				649,448,000				592,017,000				589,019,000				568,729,000
assets held for sale	151,000,000	152,000,000		3,254,000,000	3,030,000,000	3,114,000,000	2,815,000,000	509,000,000	506,000,000	482,000,000	212,000,000	1,202,000,000	1,200,000,000		1,206,000,000	1,141,000,000	1,122,000,000	1,245,000,000
prepaid expenses and other current assets	877,000,000	911,000,000	940,000,000	775,000,000	737,000,000	770,000,000	728,000,000	771,000,000	875,000,000	890,000,000	898,000,000	789,000,000	770,000,000	793,000,000	778,000,000	750,000,000	728,000,000	717,000,000	832,000,000	683,000,000	341,765,000	383,618,000	377,623,000	356,322,000	319,334,000	325,410,000	325,525,000	310,243,000	277,036,000	251,749,000	285,110,000	242,870,000	215,387,000	222,990,000	213,267,000	169,594,000	142,347,000	186,046,000	183,789,000	152,369,000	146,981,000	194,818,000	201,948,000	232,569,000	141,248,000	165,539,000	148,629,000	144,079,000
total current assets	5,594,000,000	5,876,000,000	5,928,000,000	8,633,000,000	7,993,000,000	8,423,000,000	8,149,000,000	6,407,000,000	6,293,000,000	6,391,000,000	6,436,000,000	7,442,000,000	7,432,000,000	6,494,000,000	7,730,000,000	7,507,000,000	6,987,000,000	7,132,000,000	6,297,000,000	6,174,000,000	3,059,799,000	2,946,205,000	3,012,585,000	2,818,294,000	2,942,544,000	2,898,558,000	2,990,026,000	2,925,825,000	2,941,860,000	6,946,827,000	2,026,580,000	1,970,341,000	1,896,544,000	1,849,747,000	1,993,926,000	1,711,433,000	1,609,014,000	1,857,035,000	1,929,434,000	1,891,529,000	1,455,884,000	1,638,751,000	1,722,254,000	1,755,110,000	1,710,027,000	1,712,609,000	1,644,048,000	1,569,851,000
property, plant and equipment	4,029,000,000	3,868,000,000	3,905,000,000	3,771,000,000	3,739,000,000	3,772,000,000	3,763,000,000	4,145,000,000	4,240,000,000	4,126,000,000	4,218,000,000	4,224,000,000	4,203,000,000	4,055,000,000	4,177,000,000	4,295,000,000	4,368,000,000	4,295,000,000	4,566,000,000		1,458,185,000				1,386,920,000				1,241,152,000				880,580,000				775,716,000				732,794,000				720,268,000
goodwill	8,269,000,000	8,264,000,000	8,283,000,000	8,030,000,000	9,080,000,000	9,349,000,000	9,282,000,000	10,538,000,000	10,635,000,000	13,031,000,000	13,498,000,000	13,458,000,000	13,355,000,000	13,305,000,000	16,071,000,000	16,298,000,000	16,414,000,000	16,590,000,000	17,250,000,000	17,104,000,000	5,593,252,000	5,427,482,000	5,348,623,000	5,267,559,000	5,497,596,000	5,381,447,000	5,506,317,000	5,434,000,000	5,378,388,000	1,152,864,000	1,148,586,000	1,166,022,000	1,156,288,000	1,153,619,000	1,145,165,000	1,120,471,000	1,000,123,000	941,511,000	940,544,000	951,177,000	941,389,000	932,307,000	752,726,000	675,484,000	675,484,000	675,484,000	675,484,000	676,051,000
other intangible assets	6,043,000,000	6,183,000,000	6,430,000,000	6,383,000,000	6,445,000,000	6,770,000,000	6,881,000,000	8,116,000,000	8,357,000,000	8,381,000,000	8,813,000,000	8,968,000,000	9,082,000,000	9,386,000,000	9,867,000,000	10,250,000,000	10,506,000,000	10,959,000,000	11,448,000,000	11,652,000,000	2,727,175,000	2,675,482,000	2,681,087,000	2,677,446,000	2,851,935,000	2,829,931,000	2,944,667,000	2,974,177,000	3,039,322,000	385,575,000	391,426,000	414,055,000	415,787,000	424,138,000	426,064,000	390,212,000	365,783,000	284,608,000	288,837,000	302,088,000	306,004,000	323,054,000	156,248,000	74,717,000	76,557,000	78,397,000	80,176,000	83,265,000
operating lease right-of-use assets	579,000,000	595,000,000	620,000,000	579,000,000	573,000,000	646,000,000	663,000,000	699,000,000	689,000,000	703,000,000	740,000,000	634,000,000	636,000,000	634,000,000	733,000,000	743,000,000	767,000,000	774,000,000	785,000,000	803,000,000
other assets	1,025,000,000	982,000,000	955,000,000	869,000,000	837,000,000	968,000,000	805,000,000	737,000,000	764,000,000	763,000,000	754,000,000	744,000,000	699,000,000	663,000,000	726,000,000	654,000,000	616,000,000	502,000,000	518,000,000	497,000,000	717,260,000	655,782,000	591,216,000	586,653,000	608,416,000	561,249,000	590,767,000	583,389,000	288,673,000	167,978,000	157,017,000	155,144,000	149,950,000	106,248,000	91,535,000	89,965,000	127,712,000	120,113,000	119,437,000	122,737,000	119,060,000	129,224,000	132,144,000	130,905,000	129,238,000	148,581,000	150,153,000	141,077,000
total assets	25,539,000,000	25,768,000,000	26,121,000,000	28,265,000,000	28,667,000,000	29,928,000,000	29,543,000,000	30,642,000,000	30,978,000,000	33,395,000,000	34,459,000,000	35,470,000,000	35,407,000,000	34,537,000,000	39,304,000,000	39,747,000,000	39,658,000,000	40,252,000,000	40,864,000,000	40,817,000,000	13,555,671,000	13,085,374,000	12,989,130,000	12,689,076,000	13,287,411,000	12,984,724,000	13,348,082,000	13,211,420,000	12,889,395,000	9,615,542,000	4,673,442,000	4,681,276,000	4,598,926,000	4,520,438,000	4,618,875,000	4,252,259,000	4,016,984,000	4,097,129,000	4,154,628,000	4,162,460,000	3,721,454,000	3,911,685,000	3,653,628,000	3,507,172,000	3,494,621,000	3,476,509,000	3,400,533,000	3,321,353,000
liabilities and shareholders’ equity
current liabilities:
short-term debt and current portion of long-term debt	1,254,000,000	1,308,000,000	500,000,000	1,689,000,000	1,413,000,000	468,000,000	783,000,000
accounts payable	1,287,000,000	1,284,000,000	1,348,000,000	1,325,000,000	1,283,000,000	1,211,000,000	1,272,000,000	1,346,000,000	1,378,000,000	1,112,000,000	1,227,000,000	1,197,000,000	1,418,000,000	1,527,000,000	1,576,000,000	1,629,000,000	1,532,000,000	1,332,000,000	1,389,000,000	1,337,000,000	555,687,000	505,259,000	550,533,000	456,156,000	510,372,000	416,563,000	463,555,000	476,413,000	471,382,000	312,236,000	315,656,000	324,262,000	338,188,000	271,194,000	265,900,000	277,421,000	274,815,000	259,208,000	255,143,000	276,929,000	302,473,000	254,344,000	241,532,000	215,915,000	229,866,000	207,227,000	195,251,000	208,995,000
accrued payroll and bonus	327,000,000	287,000,000	258,000,000	216,000,000	420,000,000	382,000,000	275,000,000	222,000,000	265,000,000	236,000,000	205,000,000	218,000,000	267,000,000	253,000,000	253,000,000	259,000,000	335,000,000	298,000,000	241,000,000	222,000,000		107,301,000	89,375,000	87,083,000		111,669,000	93,910,000	91,293,000		75,970,000	59,278,000	51,194,000		74,488,000	53,833,000	43,781,000		59,807,000	49,053,000	39,603,000		55,228,000	47,664,000	41,350,000		66,371,000	52,379,000	46,356,000
dividends payable	102,000,000	102,000,000	102,000,000	102,000,000	102,000,000	102,000,000	102,000,000	102,000,000	207,000,000	207,000,000	206,000,000	207,000,000	206,000,000	206,000,000	201,000,000	202,000,000	201,000,000	201,000,000	191,000,000	192,000,000	82,315,000	82,311,000	80,173,000	80,062,000	80,038,000	80,032,000	77,898,000	77,799,000	77,779,000	66,901,000	54,488,000	54,404,000	54,420,000	54,440,000	50,621,000	50,507,000	50,678,000	50,871,000	44,588,000	44,640,000	44,824,000	44,995,000	38,060,000	37,959,000	37,968,000	37,931,000	31,672,000	31,676,000
liabilities held for sale	44,000,000	44,000,000		443,000,000	332,000,000	304,000,000	231,000,000	46,000,000	46,000,000	49,000,000	13,000,000	216,000,000	212,000,000		75,000,000	87,000,000	101,000,000	87,000,000
other current liabilities	919,000,000	1,044,000,000	975,000,000	832,000,000	783,000,000	751,000,000	762,000,000	956,000,000	977,000,000	937,000,000	919,000,000	965,000,000	1,028,000,000	1,128,000,000	866,000,000	916,000,000	832,000,000	953,000,000	790,000,000	882,000,000	631,565,000	480,426,000	438,891,000	418,125,000	576,822,000	419,362,000	429,939,000	414,626,000	530,508,000	257,364,000	263,448,000	250,073,000	369,194,000	248,160,000	232,996,000	248,446,000	314,288,000	228,363,000	205,994,000	217,884,000	262,482,000	199,697,000	187,472,000	183,717,000	242,884,000	194,294,000	184,274,000	193,107,000
total current liabilities	3,933,000,000	4,069,000,000	3,183,000,000	4,607,000,000	4,333,000,000	3,218,000,000	3,425,000,000	3,820,000,000	3,758,000,000	3,683,000,000	3,932,000,000	4,874,000,000	3,728,000,000	3,626,000,000	4,720,000,000	4,032,000,000	3,633,000,000	3,579,000,000	3,227,000,000	3,261,000,000	1,903,726,000	1,616,259,000	1,344,172,000	1,426,995,000	1,552,190,000	1,412,449,000	1,149,533,000	1,144,134,000	1,128,311,000	758,456,000	699,370,000	716,752,000	768,768,000	696,127,000	861,223,000	985,824,000	898,297,000	855,924,000	688,251,000	712,748,000	742,128,000	687,320,000	523,521,000	487,320,000	518,808,000	516,854,000	468,650,000	484,541,000
other liabilities:
long-term debt	4,740,000,000	4,741,000,000	5,684,000,000	7,601,000,000	7,564,000,000	8,631,000,000	8,596,000,000	9,150,000,000	9,186,000,000	9,159,000,000	9,208,000,000	9,220,000,000	10,373,000,000	10,260,000,000	10,363,000,000	10,738,000,000	10,768,000,000	10,818,000,000	11,354,000,000	11,330,000,000	3,779,359,000	3,890,762,000	4,181,701,000	3,946,905,000	3,997,438,000	4,008,134,000	4,428,675,000	4,421,430,000	4,504,417,000	4,331,242,000	1,717,189,000	1,676,211,000	1,632,186,000	1,625,502,000	1,636,338,000	1,186,417,000	1,066,855,000	1,110,201,000	1,357,684,000	1,369,955,000	937,844,000	1,057,992,000	989,196,000	935,170,000	934,232,000	933,625,000	932,621,000	931,635,000
retirement liabilities	186,000,000	181,000,000	180,000,000	174,000,000	167,000,000	182,000,000	206,000,000	252,000,000	253,000,000	228,000,000	233,000,000	235,000,000	231,000,000	354,000,000	372,000,000	378,000,000	385,000,000	518,000,000	550,000,000	550,000,000	326,495,000	257,993,000	257,691,000	261,512,000	265,370,000	217,604,000	222,186,000	225,834,000	227,172,000	218,696,000	226,221,000	226,937,000	228,936,000	241,563,000	251,154,000	250,493,000	243,407,000	244,288,000	244,223,000	243,690,000	242,383,000	354,507,000	353,914,000	353,748,000	354,333,000	218,312,000	238,531,000	238,307,000
deferred income taxes	1,379,000,000	1,345,000,000	1,387,000,000	1,543,000,000	1,592,000,000	1,869,000,000	1,833,000,000	1,916,000,000	1,937,000,000	2,127,000,000	2,183,000,000	2,229,000,000	2,265,000,000	2,280,000,000	2,362,000,000	2,454,000,000	2,518,000,000	2,610,000,000	2,674,000,000	2,727,000,000	593,369,000	612,744,000	611,715,000	616,084,000	641,456,000	634,030,000	707,359,000	658,804,000	655,879,000	87,481,000	82,204,000	88,231,000	99,777,000	158,094,000	150,359,000	148,258,000	138,636,000	148,621,000	139,023,000	160,990,000		12,586,000	14,923,000	17,127,000	27,709,000	23,315,000	30,475,000	30,394,000
operating lease liabilities	533,000,000	548,000,000	571,000,000	535,000,000	534,000,000	605,000,000	620,000,000	651,000,000	642,000,000	654,000,000	683,000,000	569,000,000	565,000,000	556,000,000	646,000,000	653,000,000	670,000,000	671,000,000	682,000,000	697,000,000
other liabilities	582,000,000	611,000,000	680,000,000	592,000,000	566,000,000	613,000,000	572,000,000	527,000,000	560,000,000	475,000,000	504,000,000	494,000,000	472,000,000	472,000,000	462,000,000	426,000,000	462,000,000	478,000,000	477,000,000	469,000,000	532,135,000	517,296,000	494,401,000	494,193,000	502,366,000	530,974,000	514,802,000	492,029,000	217,070,000	235,332,000	238,635,000	245,484,000	242,398,000	156,783,000	151,545,000	158,846,000	137,475,000	147,662,000	144,908,000	157,950,000	160,849,000	171,563,000	115,242,000	113,022,000	118,024,000	116,705,000	110,830,000	105,322,000
total other liabilities	7,420,000,000	7,426,000,000	8,502,000,000	10,445,000,000	10,423,000,000	11,900,000,000	11,827,000,000	12,496,000,000	12,578,000,000	12,643,000,000	12,811,000,000	12,747,000,000	13,906,000,000	13,922,000,000	14,205,000,000	14,649,000,000	14,803,000,000	15,095,000,000	15,737,000,000	15,773,000,000	5,231,358,000	5,278,795,000	5,545,508,000	5,318,694,000	5,406,630,000	5,390,742,000	5,873,022,000	5,798,097,000	5,635,904,000	4,819,137,000	2,217,869,000	2,185,562,000	2,140,864,000	2,061,823,000	2,077,566,000	1,634,918,000	1,487,553,000	1,543,007,000	1,788,445,000	1,814,152,000	1,384,336,000	1,628,216,000	1,503,433,000	1,447,755,000	1,453,124,000	1,316,001,000	1,329,939,000	1,315,874,000
commitments and contingencies
shareholders’ equity:
common stock 0.125 par value; 500.0 shares authorized; 275.7 and 275.7 shares issued as of december 31, 2025 and december 31, 2024, respectively; and 255.7 and 255.7 shares outstanding as of december 31, 2025 and december 31, 2024, respectively	35,000,000
capital in excess of par value	19,918,000,000	19,929,000,000	19,916,000,000	19,932,000,000	19,917,000,000	19,902,000,000	19,894,000,000	19,889,000,000	19,874,000,000	19,865,000,000	19,851,000,000	19,844,000,000	19,841,000,000	19,832,000,000	19,826,000,000	19,823,000,000	19,826,000,000	19,817,000,000	19,800,000,000	19,796,000,000	3,853,401,000	3,847,824,000	3,838,047,000	3,835,265,000	3,823,152,000	3,816,352,000	3,805,883,000	3,802,602,000	3,793,609,000	2,441,530,000	167,432,000	166,517,000	162,827,000	155,843,000	148,445,000	155,414,000	152,481,000	146,551,000	140,355,000	143,642,000	140,802,000	136,786,000	133,051,000	135,619,000	140,008,000	136,341,000	131,772,000	131,981,000
accumulated deficit	-3,417,000,000	-3,345,000,000	-3,215,000,000	-3,725,000,000	-2,605,000,000	-2,457,000,000	-2,414,000,000	-2,481,000,000
accumulated other comprehensive loss	-1,430,000,000	-1,463,000,000	-1,415,000,000	-2,123,000,000	-2,527,000,000	-1,760,000,000	-2,315,000,000	-2,191,000,000	-1,896,000,000	-2,336,000,000	-1,857,000,000	-1,887,000,000	-2,169,000,000	-3,187,000,000	-2,210,000,000	-1,622,000,000		-1,180,000,000	-834,000,000	-1,102,000,000		-939,419,000	-1,017,466,000	-1,164,208,000		-867,552,000	-668,359,000	-657,354,000		-715,105,000	-692,498,000	-620,579,000		-656,651,000	-676,201,000	-681,468,000		-611,647,000	-608,310,000	-606,999,000		-611,636,000	-556,248,000	-573,315,000		-399,061,000	-383,714,000	-397,282,000
treasury stock	-952,000,000	-915,000,000	-917,000,000	-942,000,000	-944,000,000	-945,000,000	-946,000,000	-961,000,000	-963,000,000	-964,000,000	-966,000,000	-973,000,000	-978,000,000	-979,000,000	-980,000,000	-986,000,000	-997,000,000	-998,000,000	-998,000,000	-1,008,000,000	-1,016,941,000	-1,017,158,000	-1,017,220,000	-1,021,620,000	-1,022,824,000	-1,023,346,000	-1,023,422,000	-1,029,429,000	-1,030,718,000	-1,731,849,000	-1,732,001,000	-1,735,049,000	-1,726,234,000	-1,721,482,000	-1,721,556,000	-1,713,294,000	-1,679,147,000	-1,644,869,000	-1,623,007,000	-1,598,968,000	-1,555,769,000	-1,517,659,000	-1,476,620,000	-1,450,490,000	-1,446,221,000	-1,410,992,000	-1,393,531,000	-1,383,341,000
total shareholders’ equity	14,154,000,000	14,241,000,000	14,404,000,000	13,177,000,000	13,876,000,000	14,775,000,000	14,254,000,000	14,291,000,000	14,611,000,000	16,978,000,000	17,623,000,000	17,758,000,000	17,684,000,000	16,887,000,000	20,260,000,000	20,933,000,000	21,082,000,000	21,426,000,000	21,761,000,000	21,642,000,000	6,311,153,000	6,078,207,000	5,987,805,000	5,827,850,000	6,217,304,000	6,055,819,000	6,199,379,000	6,143,211,000	6,032,951,000	4,031,814,000	1,749,855,000	1,773,150,000	1,684,202,000	1,757,313,000	1,674,358,000	1,626,077,000	1,626,244,000	1,693,776,000	1,673,872,000	1,630,364,000	1,590,318,000	1,591,872,000	1,623,000,000	1,567,317,000	1,518,561,000	1,639,519,000	1,598,298,000	1,516,516,000
non-controlling interest	32,000,000				35,000,000				31,000,000	31,000,000	32,000,000	32,000,000	30,000,000
total shareholders’ equity including non-controlling interest	14,186,000,000				13,911,000,000				14,642,000,000	17,009,000,000	17,655,000,000	17,790,000,000	17,714,000,000
total liabilities and shareholders’ equity	25,539,000,000	25,768,000,000	26,121,000,000	28,265,000,000	28,667,000,000	29,928,000,000	29,543,000,000	30,642,000,000	30,978,000,000	33,395,000,000	34,459,000,000	35,470,000,000	35,407,000,000	34,537,000,000	39,304,000,000	39,747,000,000	39,658,000,000	40,252,000,000	40,864,000,000	40,817,000,000	13,555,671,000	13,085,374,000	12,989,130,000	12,689,076,000	13,287,411,000	12,984,724,000	13,348,082,000	13,211,420,000	12,889,395,000	9,615,542,000	4,673,442,000	4,681,276,000	4,598,926,000	4,520,438,000	4,618,875,000	4,252,259,000	4,016,984,000	4,097,129,000	4,154,628,000	4,162,460,000	3,721,454,000	3,911,685,000	3,653,628,000	3,507,172,000	3,494,621,000	3,476,509,000	3,400,533,000	3,321,353,000
cash and cash equivalents		621,000,000	816,000,000	613,000,000				732,000,000	703,000,000	629,000,000	638,000,000	590,000,000	483,000,000	538,000,000	569,000,000	657,000,000	711,000,000	672,000,000	935,000,000	872,000,000	649,541,000	469,840,000	497,412,000	433,246,000	606,823,000	494,897,000	426,717,000	483,504,000	634,897,000	5,274,459,000	322,423,000	305,276,000	368,046,000	316,002,000	491,386,000	300,067,000	323,992,000	498,730,000	539,992,000	528,877,000	181,988,000	272,276,000	377,254,000	443,689,000	478,573,000	404,836,000	326,853,000	268,584,000
common stock 0.125 par value; 500.0 shares authorized; 275.7 shares issued as of september 30, 2025 and december 31, 2024; and 256.3 and 255.7 shares outstanding as of september 30, 2025 and december 31, 2024, respectively		35,000,000
non-controlling interests		32,000,000	32,000,000	36,000,000		35,000,000	37,000,000	35,000,000
total shareholders’ equity including non-controlling interests		14,273,000,000	14,436,000,000	13,213,000,000		14,810,000,000	14,291,000,000	14,326,000,000
common stock 0.125 par value; 500.0 shares authorized; 275.7 shares issued as of june 30, 2025 and december 31, 2024; and 256.3 and 255.7 shares outstanding as of june 30, 2025 and december 31, 2024, respectively			35,000,000
common stock 0.125 par value; 500.0 shares authorized; 275.7 shares issued as of march 31, 2025 and december 31, 2024; and 255.7 and 255.7 shares outstanding as of march 31, 2025 and december 31, 2024, respectively				35,000,000
common stock 0.125 par value; 500.0 shares authorized; 275.7 and 275.7 shares issued as of december 31, 2024 and december 31, 2023, respectively; and 255.7 and 255.3 shares outstanding as of december 31, 2024 and december 31, 2023, respectively					35,000,000
common stock 0.125 par value; 500.0 shares authorized; 275.7 shares issued as of september 30, 2024 and december 31, 2023; and 255.7 and 255.3 shares outstanding as of september 30, 2024 and december 31, 2023, respectively						35,000,000
common stock 0.125 par value; 500,000,000 shares authorized; 275,726,629 shares issued as of june 30, 2024 and december 31, 2023; and 255,656,988 and 255,288,535 shares outstanding as of june 30, 2024 and december 31, 2023, respectively							35,000,000
restricted cash								7,000,000	6,000,000	10,000,000	11,000,000	16,000,000	10,000,000	10,000,000	4,000,000	4,000,000	4,000,000	122,000,000	7,000,000	7,000,000	7,295,000	12,841,000	10,122,000	9,699,000	17,122,000	9,157,000	28,103,000	13,625,000	13,625,000
bank borrowings, overdrafts, and current portion of long-term debt								312,000,000		1,142,000,000	1,203,000,000	1,483,000,000		308,000,000	957,000,000	308,000,000		708,000,000	616,000,000	628,000,000		440,962,000	185,200,000	385,569,000		384,823,000	84,231,000	84,003,000
commercial paper								836,000,000			159,000,000	588,000,000	187,000,000	204,000,000	792,000,000	631,000,000	324,000,000																	39,957,000		107,441,000
common stock 0.125 par value; 500,000,000 shares authorized; 275,726,629 shares issued as of march 31, 2024 and december 31, 2023; and 255,319,533 and 255,288,535 shares outstanding as of march 31, 2024 and december 31, 2023, respectively								35,000,000
bank borrowings, overdrafts and current portion of long-term debt									885,000,000				410,000,000				308,000,000				634,159,000				384,958,000				48,642,000				6,966,000				258,516,000				132,349,000				8,090,000
redeemable non-controlling interests										60,000,000	61,000,000	59,000,000	59,000,000																81,806,000
common stock 0.125 par value; 500,000,000 shares authorized; 275,726,629 and 275,726,629 shares issued as of december 31, 2023 and december 31, 2022, respectively; and 255,288,535 and 254,968,463 shares outstanding as of december 31, 2023 and december 31, 2022, respectively									35,000,000
(accumulated deficit) retained earnings									-2,439,000,000
inventories: raw materials										862,000,000	919,000,000	1,006,000,000		1,092,000,000	1,065,000,000	1,002,000,000		852,000,000	836,000,000	780,000,000		589,775,000	600,747,000	553,433,000		570,426,000	615,301,000	586,175,000		372,606,000	353,220,000	346,948,000		303,296,000	309,544,000	306,308,000		279,928,000	273,424,000	292,942,000		284,503,000	268,015,000	258,779,000		264,531,000	257,328,000	250,614,000
work in process										431,000,000	474,000,000	473,000,000		403,000,000	381,000,000	311,000,000		280,000,000	304,000,000	325,000,000		46,169,000	49,204,000	48,297,000		52,119,000	54,849,000	52,033,000		26,297,000	23,671,000	22,357,000		15,724,000	17,828,000	18,100,000		16,140,000	19,320,000	15,832,000		19,338,000	19,075,000	19,845,000		17,250,000	17,818,000	16,413,000
finished goods										1,256,000,000	1,397,000,000	1,467,000,000		1,627,000,000	1,547,000,000	1,482,000,000		1,269,000,000	1,324,000,000	1,484,000,000		515,337,000	515,909,000	474,183,000		503,844,000	493,503,000	476,280,000		320,605,000	318,301,000	318,512,000		300,496,000	296,390,000	279,843,000		289,117,000	291,745,000	291,922,000		285,622,000	274,625,000	257,841,000		274,521,000	279,725,000	285,089,000
total inventories										2,549,000,000	2,790,000,000	2,946,000,000		3,122,000,000	2,993,000,000	2,795,000,000		2,401,000,000	2,464,000,000	2,589,000,000		1,151,281,000	1,165,860,000	1,075,913,000		1,126,389,000	1,163,653,000	1,114,488,000		719,508,000	695,192,000	687,817,000		619,516,000	623,762,000	604,251,000		585,185,000	584,489,000	600,696,000		589,463,000	561,715,000	536,465,000		556,302,000	554,871,000	552,116,000
property, plant and equipment, at cost										6,368,000,000	6,404,000,000	6,309,000,000		6,033,000,000	6,138,000,000	6,184,000,000		5,903,000,000	6,148,000,000	6,088,000,000		2,789,794,000	2,698,097,000	2,632,441,000		2,616,321,000	2,631,638,000	2,581,131,000		2,124,886,000	2,098,513,000	2,139,372,000		2,073,149,000	2,022,866,000	1,975,760,000		1,876,926,000	1,850,356,000	1,839,244,000		1,779,422,000	1,778,469,000	1,713,269,000		1,796,021,000	1,814,663,000	1,805,336,000
accumulated depreciation										-2,242,000,000	-2,186,000,000	-2,085,000,000		-1,978,000,000	-1,961,000,000	-1,889,000,000		-1,608,000,000	-1,582,000,000	-1,501,000,000		-1,409,371,000	-1,342,478,000	-1,293,317,000		-1,302,782,000	-1,315,333,000	-1,287,102,000		-1,250,069,000	-1,230,884,000	-1,251,889,000		-1,244,557,000	-1,211,040,000	-1,183,840,000		-1,131,685,000	-1,113,003,000	-1,105,305,000		-1,070,520,000	-1,063,660,000	-1,021,261,000		-1,095,073,000	-1,115,821,000	-1,109,102,000
common stock 0.125 par value; 500,000,000 shares authorized; 275,726,629 shares issued as of september 30, 2023 and 275,726,629 shares issued as of december 31, 2022; and 255,268,628 and 254,968,463 shares outstanding as of september 30, 2023 and december 31, 2022, respectively										35,000,000
retained earnings										378,000,000	560,000,000	739,000,000	955,000,000	1,186,000,000	3,589,000,000	3,683,000,000	3,641,000,000	3,752,000,000	3,759,000,000	3,922,000,000	4,156,168,000	4,170,894,000	4,168,378,000	4,162,347,000	4,117,804,000	4,114,299,000	4,069,211,000	4,011,326,000	3,956,221,000	4,021,172,000	3,992,452,000	3,947,791,000	3,870,621,000	3,965,133,000	3,909,200,000	3,850,955,000	3,818,535,000	3,789,271,000	3,750,364,000	3,678,219,000	3,604,254,000	3,569,911,000	3,508,347,000	3,441,033,000	3,350,734,000	3,298,761,000	3,229,301,000	3,150,688,000
common stock 0.125 par value; 500,000,000 shares authorized; 275,726,629 shares issued as of june 30, 2023 and 275,726,629 shares issued as of december 31, 2022; and 255,221,731 and 254,968,463 shares outstanding as of june 30, 2023 and december 31, 2022, respectively											35,000,000
common stock 0.125 par value; 500,000,000 shares authorized; 275,726,629 shares issued as of march 31, 2023 and 275,726,629 shares issued as of december 31, 2022; and 255,067,476 and 254,968,463 shares outstanding as of march 31, 2023 and december 31, 2022, respectively												35,000,000
receivables:
trade													1,871,000,000				1,952,000,000				950,350,000				884,428,000				946,938,000				677,055,000				560,653,000				546,125,000				502,915,000
allowance for doubtful accounts													-53,000,000				-46,000,000				-21,008,000				-8,231,000				-9,173,000				-13,392,000				-9,995,000				-8,229,000				-9,147,000
common stock 0.125 par value; 500,000,000 shares authorized; 275,726,629 and 275,726,629 shares issued as of december 31, 2022 and december 31, 2021, respectively; and 254,968,463 and 254,573,984 shares outstanding as of december 31, 2022 and december 31, 2021, respectively													35,000,000
redeemable noncontrolling interests														68,000,000	86,000,000	101,000,000	105,000,000	105,000,000	100,000,000	102,000,000	97,552,000	100,005,000	98,534,000	102,713,000	99,043,000	114,545,000	115,540,000	114,711,000
common stock 0.125 par value; 500,000,000 shares authorized; 275,726,629 shares issued as of september 30, 2022 and 275,726,629 shares issued as of december 31, 2021; and 254,949,630 and 254,573,984 shares outstanding as of september 30, 2022 and december 31, 2021, respectively														35,000,000
noncontrolling interest														34,000,000	33,000,000	32,000,000	35,000,000	47,000,000	39,000,000	39,000,000	11,882,000	12,108,000	13,111,000	12,824,000		11,169,000	10,608,000	11,267,000		6,135,000	6,348,000	5,812,000	5,092,000	5,175,000	5,728,000	5,440,000	4,890,000	4,422,000	4,060,000	5,196,000	4,672,000	4,277,000	3,674,000	4,780,000	4,128,000	4,135,000	3,646,000	4,422,000
total shareholders’ equity including noncontrolling interest														16,921,000,000	20,293,000,000	20,965,000,000	21,117,000,000	21,473,000,000	21,800,000,000	21,681,000,000	6,323,035,000	6,090,315,000	6,000,916,000	5,840,674,000		6,066,988,000	6,209,987,000	6,154,478,000		4,037,949,000	1,756,203,000	1,778,962,000	1,689,294,000	1,762,488,000	1,680,086,000	1,631,517,000	1,631,134,000	1,698,198,000	1,677,932,000	1,635,560,000	1,594,990,000	1,596,149,000	1,626,674,000	1,572,097,000	1,522,689,000	1,643,654,000	1,601,944,000	1,520,938,000
common stock 0.125 par value; 500,000,000 shares authorized; 275,726,629 shares issued as of june 30, 2022 and 275,726,629 shares issued as of december 31, 2021; and 254,944,731 and 254,573,984 shares outstanding as of june 30, 2022 and december 31, 2021, respectively															35,000,000
common stock 0.125 par value; 500,000,000 shares authorized; 275,726,629 shares issued as of march 31, 2022 and 275,726,629 shares issued as of december 31, 2021; and 254,804,747 and 254,573,984 shares outstanding as of march 31, 2022 and december 31, 2021, respectively																35,000,000
common stock 12 1/2¢ par value; 500,000,000 shares authorized; 275,726,629 and 128,526,137 shares issued as of december 31, 2021 and december 31, 2020, respectively; and 254,573,984 and 106,937,990 shares outstanding as of december 31, 2021 and december 31, 2020, respectively																	35,000,000
accumulated other comprehensive loss:
cumulative translation adjustments																	-1,133,000,000				-284,911,000				-373,043,000				-396,996,000				-297,416,000				-352,025,000				-297,498,000				-173,342,000
accumulated gains on derivatives qualifying as hedges																	1,000,000				-6,870,000				2,068,000				4,746,000				-10,332,000				7,604,000				9,401,000				12,371,000
pension and postretirement liability adjustment																	-291,000,000				-405,760,000				-345,919,000				-309,977,000				-329,734,000				-335,674,000				-325,342,000				-379,459,000
common stock 12 1/2¢ par value; 500,000,000 shares authorized; 275,726,629 shares issued as of september 30, 2021 and 128,526,137 shares issued as of december 31, 2020; and 254,542,499 and 106,937,990 shares outstanding as of september 30, 2021 and december 31, 2020, respectively																		35,000,000
common stock 12 1/2¢ par value; 500,000,000 shares authorized; 270,266,598 shares issued as of june 30, 2021 and 128,526,137 shares issued as of december 31, 2020; and 249,050,541 and 106,937,990 shares outstanding as of june 30, 2021 and december 31, 2020, respectively																			34,000,000
common stock 12 1/2¢ par value; 500,000,000 shares authorized; 270,266,598 shares issued as of march 31, 2021 and 128,526,137 shares issued as of december 31, 2020; and 248,859,641 and 106,937,990 shares outstanding as of march 31, 2021 and december 31, 2020, respectively																				34,000,000
common stock 12 1/2¢ par value; 500,000,000 shares authorized; 128,526,137 and 128,526,137 shares issued as of december 31, 2020 and december 31, 2019, respectively; and 106,937,990 and 106,787,299 shares outstanding as of december 31, 2020 and december 31, 2019, respectively																					16,066,000
common stock 12 1/2¢ par value; 500,000,000 shares authorized; 128,526,137 shares issued as of september 30, 2020 and december 31, 2019; and 106,933,358 and 106,787,299 shares outstanding as of september 30, 2020 and december 31, 2019, respectively																						16,066,000
common stock 12 1/2¢ par value; 500,000,000 shares authorized; 128,526,137 shares issued as of june 30, 2020 and december 31, 2019; and 106,932,040 and 106,787,299 shares outstanding as of june 30, 2020 and december 31, 2019, respectively																							16,066,000
common stock 12 1/2¢ par value; 500,000,000 shares authorized; 128,526,137 shares issued as of march 31, 2020 and december 31, 2019; and 106,812,257 and 106,787,299 shares outstanding as of march 31, 2020 and december 31, 2019, respectively																								16,066,000
common stock 12 1/2¢ par value; 500,000,000 shares authorized; 128,526,137 and 128,526,137 shares issued as of december 31, 2019 and december 31, 2018, respectively; and 106,787,299 and 106,619,202 shares outstanding as of december 31, 2019 and december 31, 2018, respectively																									16,066,000
noncontrolling interests																									12,244,000				10,423,000
total shareholders’ equity including noncontrolling interests																									6,229,548,000				6,043,374,000
common stock 12 1/2¢ par value; 500,000,000 shares authorized; 128,526,137 shares issued as of september 30, 2019 and december 31, 2018; and 106,775,922 and 106,619,202 shares outstanding as of september 30, 2019 and december 31, 2018, respectively																										16,066,000
common stock 12 1/2¢ par value; 500,000,000 shares authorized; 128,526,137 shares issued as of june 30, 2019 and december 31, 2018; and 106,774,300 and 106,619,202 shares outstanding as of june 30, 2019 and december 31, 2018, respectively																											16,066,000
common stock 12 1/2¢ par value; 500,000,000 shares authorized; 128,526,137 shares issued as of march 31, 2019 and december 31, 2018; and 106,646,581 and 106,619,202 shares outstanding as of march 31, 2019 and december 31, 2018, respectively																												16,066,000
deferred gains																													31,366,000	33,867,000	35,824,000	36,930,000	37,344,000	37,975,000	38,529,000	39,162,000	39,816,000	40,856,000	41,630,000	42,557,000	43,260,000	44,154,000	45,081,000	45,815,000	46,535,000	47,359,000	47,957,000	40,610,000
common stock 12 1/2¢ par value; 500,000,000 shares authorized; 128,526,137 and 115,858,190 shares issued as of december 31, 2018 and december 31, 2017, respectively; and 106,619,202 and 78,947,381 shares outstanding as of december 31, 2018 and december 31, 2017, respectively																													16,066,000
short term borrowings																														45,985,000	6,500,000	36,819,000
common stock 12 1/2¢ par value; 500,000,000 shares authorized; 128,526,137 and 115,858,190 shares issued as of september 30, 2018 and december 31, 2017, respectively; and 91,717,377 and 78,947,381 shares outstanding as of september 30, 2018 and december 31, 2017, respectively																														16,066,000
common stock 12 1/2¢ par value; 500,000,000 shares authorized; 115,858,190 shares issued as of june 30, 2018 and december 31, 2017; and 79,046,217 and 78,947,381 shares outstanding as of june 30, 2018 and december 31, 2017, respectively																															14,470,000
common stock 12 1/2¢ par value; 500,000,000 shares authorized; 115,858,190 shares issued as of march 31, 2018 and december 31, 2017; and 78,920,199 and 78,947,381 shares outstanding as of march 31, 2018 and december 31, 2017, respectively																																14,470,000
common stock 12 1/2¢ par value; authorized 500,000,000 shares; issued 115,858,190 shares as of december 31, 2017 and 2016; and outstanding 78,947,381 and 79,213,037 shares as of december 31, 2017 and 2016																																	14,470,000
bank borrowings and overdrafts and current portion of long-term debt																																		7,888,000	257,873,000	258,228,000		257,675,000	133,473,000	133,692,000		133,056,000	8,793,000	8,379,000		9,528,000	3,052,000	2,291,000
common stock 12 1/2¢ par value; authorized 500,000,000 shares; issued 115,858,190 shares as of september 30, 2017 and december 31, 2016 and outstanding 78,977,158 and 79,213,037 shares as of september 30, 2017 and december 31, 2016																																		14,470,000
common stock 12 1/2¢ par value; authorized 500,000,000 shares; issued 115,858,190 shares as of june 30, 2017 and december 31, 2016 and outstanding 78,975,563 and 79,213,037 shares as of june 30, 2017 and december 31, 2016																																			14,470,000
common stock 12 1/2¢ par value; authorized 500,000,000 shares; issued 115,858,190 shares as of march 31, 2017 and december 31, 2016 and outstanding 78,948,036 and 79,213,037 shares as of march 31, 2017 and december 31, 2016																																				14,470,000
common stock 12 1/2¢ par value; authorized 500,000,000 shares; issued 115,858,190 shares as of december 31, 2016 and 2015; and outstanding 79,213,037 and 80,022,291 shares as of december 31, 2016 and 2015																																					14,470,000
common stock 12 1/2¢ par value; authorized 500,000,000 shares; issued 115,858,190 shares as of september 30, 2016 and december 31, 2015 and outstanding 79,476,755 and 80,022,291 shares as of september 30, 2016 and december 31, 2015																																						14,470,000
common stock 12 1/2¢ par value; authorized 500,000,000 shares; issued 115,858,190 shares as of june 30, 2016 and december 31, 2015 and outstanding 79,640,930 and 80,022,291 shares as of june 30, 2016 and december 31, 2015																																							14,470,000
common stock 12 1/2¢ par value; authorized 500,000,000 shares; issued 115,858,190 shares as of march 31, 2016 and december 31, 2015 and outstanding 79,777,759 and 80,022,291 shares as of march 31, 2016 and december 31, 2015																																								14,470,000
common stock 12 1/2¢ par value; authorized 500,000,000 shares; issued 115,858,190 shares as of december 31, 2015 and 2014; and outstanding 80,022,291 and 80,777,590 shares as of december 31, 2015 and 2014																																									14,470,000
common stock 12 1/2¢ par value; authorized 500,000,000 shares; issued 115,858,190 shares as of september 30, 2015 and december 31, 2014 and outstanding 80,356,014 and 80,777,590 shares as of september 30, 2015 and december 31, 2014																																										14,470,000
common stock 12 1/2¢ par value; authorized 500,000,000 shares; issued 115,858,190 shares as of june 30, 2015 and december 31, 2014 and outstanding 80,725,633 and 80,777,590 shares as of june 30, 2015 and december 31, 2014																																											14,470,000
common stock 12 1/2¢ par value; authorized 500,000,000 shares; issued 115,995,113 and 115,858,190 shares as of march 31, 2015 and december 31, 2014, respectively; and outstanding 80,902,319 and 80,777,590 shares as of march 31, 2015 and december 31, 2014																																												14,470,000
common stock 12 1/2¢ par value; authorized 500,000,000 shares; issued 115,858,190 and 115,761,840 shares as of december 31, 2014 and 2013; and outstanding 80,777,590 and 81,384,246 shares as of december 31, 2014 and 2013																																													14,470,000
restructuring and other charges																																														1,503,000	2,022,000	2,116,000
common stock 12 1/2¢ par value; authorized 500,000,000 shares; issued 115,761,900 and 115,761,840 shares as of september 30, 2014 and december 31, 2013; and outstanding 81,113,493 and 81,384,246 shares as of september 30, 2014 and december 31, 2013																																														14,470,000
common stock 12 1/2¢ par value; authorized 500,000,000 shares; issued 115,761,900 and 115,761,840 shares as of june 30, 2014 and december 31, 2013; and outstanding 81,177,534 and 81,384,246 shares as of june 30, 2014 and december 31, 2013																																															14,470,000
common stock 12 1/2¢ par value; authorized 500,000,000 shares; issued 115,761,840 shares as of march 31, 2014 and december 31, 2013; and outstanding 81,221,844 and 81,384,246 shares as of march 31, 2014 and december 31, 2013																																																14,470,000

Cashflow Statements:

Quarterly

Annual

Unit: USD	2025-12-31	2025-09-30	2025-06-30	2025-03-31	2024-12-31	2024-09-30	2024-06-30	2024-03-31	2023-12-31	2023-09-30	2023-06-30	2023-03-31	2022-12-31	2022-09-30	2022-06-30	2022-03-31	2021-12-31	2021-09-30	2021-06-30	2021-03-31	2020-12-31	2020-09-30	2020-06-30	2020-03-31	2019-12-31	2019-09-30	2019-06-30	2019-03-31	2018-12-31	2018-09-30	2018-06-30	2018-03-31	2017-12-31	2017-09-30	2017-06-30	2017-03-31	2016-12-31	2016-09-30	2016-06-30	2016-03-31	2015-12-31	2015-09-30	2015-06-30	2015-03-31	2014-12-31	2014-09-30	2014-06-30	2014-03-31

cash flows from operating activities:
net income	31,000,000	15,000,000	612,000,000	-1,017,000,000	-46,000,000	60,000,000	172,000,000	61,000,000	-2,609,000,000	27,000,000	27,000,000	-8,000,000	-24,000,000	-2,195,000,000	109,000,000	246,000,000	92,000,000	197,000,000	30,000,000	-40,000,000	66,564,000	86,231,000	87,366,000	127,211,000	80,378,000	129,807,000	138,869,000	111,214,000	15,500,000	95,717,000	99,148,000	129,416,000	-40,155,000	110,261,000	109,795,000	115,764,000	79,917,000	89,777,000	116,734,000	118,603,000	79,167,000	106,448,000	105,374,000	128,258,000	90,135,000	107,416,000	110,285,000	106,707,000
adjustments to reconcile to net cash from operating activities:
depreciation and amortization	237,000,000	247,000,000	242,000,000	236,000,000	243,000,000	248,000,000	246,000,000	278,000,000	287,000,000	292,000,000	287,000,000	276,000,000	282,000,000	293,000,000	301,000,000	303,000,000	295,000,000	297,000,000	322,000,000	242,000,000	81,784,000	83,332,000	79,649,000	80,595,000	87,901,000	80,615,000	73,039,000	81,775,000	77,798,000	31,026,000	31,584,000	33,384,000	32,521,000	29,641,000	29,003,000	26,802,000	27,360,000	25,366,000	23,046,000	26,697,000	24,498,000	24,058,000	21,056,000	19,985,000	20,676,000	19,547,000	26,301,000	22,830,000
deferred income taxes	-57,000,000	-50,000,000	-102,000,000	-61,000,000	-176,000,000	-51,000,000	-68,000,000	-9,000,000	-310,000,000	-32,000,000	1,000,000	-28,000,000	-15,000,000	-44,000,000	-113,000,000	-65,000,000	-88,000,000	-11,000,000	-51,000,000	-86,000,000	-30,572,000	-29,303,000	-10,064,000	2,221,000	-24,145,000	-7,920,000	-14,825,000	-12,389,000	-1,221,000	6,281,000	-4,062,000	18,404,000	62,328,000	-4,944,000	5,271,000	-3,766,000	6,027,000	-8,220,000	12,350,000	4,193,000	-91,000	-4,757,000	3,959,000	13,932,000	15,854,000	-2,732,000	1,982,000	8,246,000
loss on assets classified as held for sale	7,000,000				33,000,000	32,000,000
gains on sale of assets					0	-1,000,000	-8,000,000	-2,000,000	-2,000,000	1,000,000																		-188,000	-742,000
losses on business disposals	-2,000,000	30,000,000			2,000,000	20,000,000
stock-based compensation	16,000,000	21,000,000	32,000,000	19,000,000	18,000,000	16,000,000	25,000,000	18,000,000	15,000,000	18,000,000	20,000,000	12,000,000	12,000,000	12,000,000	16,000,000	9,000,000	10,000,000	17,000,000	16,000,000	11,000,000	8,621,000	8,195,000	10,358,000	8,624,000	8,056,000	8,126,000	10,696,000	7,604,000	7,360,000	6,868,000	7,553,000	7,620,000	6,418,000	7,256,000	7,074,000	5,819,000	5,116,000	5,697,000	7,844,000	5,930,000	4,805,000	5,495,000	7,473,000	5,387,000	3,021,000	5,593,000	9,339,000	4,695,000
gain on extinguishment of debt	0	0
pension contributions	-9,000,000	-11,000,000	-4,000,000	-5,000,000	-12,000,000	-6,000,000	-4,000,000	-7,000,000	-11,000,000	-7,000,000	-11,000,000	-7,000,000	-11,000,000	-8,000,000	-9,000,000	-8,000,000	-16,000,000	-9,000,000	-3,000,000	-9,000,000	-5,326,000	-4,771,000	-8,733,000	-5,397,000	-7,324,000	-5,709,000	-6,725,000	-3,956,000	-6,450,000	-6,020,000	-5,576,000	-4,387,000	-2,428,000	-5,313,000	-6,294,000	-25,263,000	-1,991,000	-4,846,000	-32,100,000	-7,410,000	-6,772,000	-3,632,000	-3,445,000	-54,048,000
pension-related expense
impairment of goodwill	0	0	0	1,153,000,000	0	0							0
inventory write-down									10,000,000	18,000,000
changes in assets and liabilities, net of acquisitions:
trade receivables	127,000,000	-89,000,000	10,000,000	-116,000,000	59,000,000	17,000,000	-3,000,000	-290,000,000	129,000,000	-8,000,000	-7,000,000	-63,000,000	192,000,000	54,000,000	-91,000,000	-272,000,000	45,000,000	-9,000,000	-30,000,000	-175,000,000	33,313,000	38,146,000	853,000	-133,291,000	82,433,000	64,233,000	-31,176,000	-55,935,000	43,240,000	6,765,000	-38,662,000	-61,301,000	26,094,000	-17,365,000	-16,722,000	-60,858,000	14,526,000	34,291,000	-9,706,000	-60,655,000	16,851,000	-16,234,000	-29,438,000	-62,891,000	45,294,000	2,307,000	-8,667,000	-41,569,000
inventories	88,000,000	-5,000,000	-32,000,000	-92,000,000	-31,000,000	-7,000,000	-30,000,000	34,000,000	116,000,000	156,000,000	114,000,000	219,000,000	-85,000,000	-235,000,000	-262,000,000	-311,000,000	-133,000,000	-100,000,000	-248,000,000	118,000,000	60,695,000	24,477,000	-66,680,000	-568,000	22,011,000	-12,595,000	-46,826,000	-24,719,000	-24,936,000	-24,765,000	-37,755,000	-30,185,000	-25,122,000	10,439,000	-4,119,000	-109,000	15,612,000	7,111,000	-10,527,000	3,256,000	-5,973,000	-21,821,000	-23,006,000	13,172,000	-18,433,000	-23,459,000	2,441,000	-591,000
accounts payable	-85,000,000	-49,000,000	-77,000,000	154,000,000	74,000,000	-88,000,000	-29,000,000	83,000,000	201,000,000	-148,000,000	52,000,000	-144,000,000	-168,000,000	-32,000,000	-35,000,000	178,000,000	163,000,000	6,000,000	0	250,000,000	6,330,000	-40,672,000	93,900,000	-31,635,000	94,796,000	-31,687,000	-16,633,000	8,988,000	72,334,000	-10,059,000	1,296,000	-8,435,000	49,674,000	2,919,000	-21,501,000	-1,978,000	21,881,000	-356,000	208,000	-29,375,000	34,791,000	26,047,000	31,496,000	-3,061,000	15,343,000	23,241,000	-18,842,000	-11,989,000
accruals for incentive compensation	48,000,000	50,000,000	42,000,000	-246,000,000	71,000,000	101,000,000	64,000,000	-46,000,000	38,000,000	37,000,000	-7,000,000	-70,000,000	22,000,000	6,000,000	39,000,000	-101,000,000	53,000,000	36,000,000	29,000,000	-22,000,000	25,118,000	11,546,000	26,827,000	-19,340,000	-1,631,000	8,612,000	7,631,000	-36,969,000	8,464,000	14,405,000	11,425,000	-36,583,000	16,237,000	15,223,000	11,169,000	-23,485,000	9,121,000	5,013,000	9,597,000	-11,598,000	-3,618,000	7,410,000	6,484,000	-27,675,000	14,535,000	9,488,000	7,312,000	-62,282,000
other assets/liabilities	-72,000,000	-103,000,000	-76,000,000	102,000,000	73,000,000	-118,000,000	-56,000,000	7,000,000	-72,000,000	24,000,000	-83,000,000	-18,000,000	111,000,000	-67,000,000	-63,000,000	-22,000,000	-20,000,000	-48,000,000																						-25,769,000	967,000	-8,663,000	14,969,000	-21,881,000
net cash from operating activities	318,000,000	164,000,000	241,000,000	127,000,000	368,000,000	366,000,000	237,000,000	99,000,000	644,000,000	420,000,000	248,000,000	127,000,000	208,000,000	289,000,000	-96,000,000	-4,000,000	311,000,000	428,000,000	340,000,000	358,000,000	299,070,000	206,632,000	191,451,000	16,945,000	315,930,000	198,119,000	137,684,000	47,232,000	235,617,000	146,789,000	66,564,000	-11,395,000	191,267,000	141,568,000	36,220,000	21,701,000	206,053,000	174,803,000	122,935,000	31,615,000	138,883,000	128,377,000	134,842,000	31,476,000	200,887,000	163,473,000	119,037,000	34,993,000
capital expenditures	-188,000,000	-132,000,000	-95,000,000	-179,000,000	-160,000,000	-103,000,000	-82,000,000	-118,000,000	-113,000,000	-100,000,000	-115,000,000	-175,000,000	-160,000,000	-108,000,000	-104,000,000	-132,000,000	-151,000,000	-77,000,000	-72,000,000	-93,000,000	-67,724,000	-44,037,000	-31,739,000	-48,294,000	-75,529,000	-41,355,000	-61,485,000	-57,609,000	-67,673,000	-35,000,000	-34,316,000	-33,105,000	-51,655,000	-31,165,000	-19,491,000	-26,662,000	-56,233,000	-26,943,000	-20,724,000	-22,512,000	-34,398,000	-28,695,000	-18,556,000	-19,381,000	-45,362,000	-37,576,000	-26,408,000	-33,836,000
free cash flows	130,000,000	32,000,000	146,000,000	-52,000,000	208,000,000	263,000,000	155,000,000	-19,000,000	531,000,000	320,000,000	133,000,000	-48,000,000	48,000,000	181,000,000	-200,000,000	-136,000,000	160,000,000	351,000,000	268,000,000	265,000,000	231,346,000	162,595,000	159,712,000	-31,349,000	240,401,000	156,764,000	76,199,000	-10,377,000	167,944,000	111,789,000	32,248,000	-44,500,000	139,612,000	110,403,000	16,729,000	-4,961,000	149,820,000	147,860,000	102,211,000	9,103,000	104,485,000	99,682,000	116,286,000	12,095,000	155,525,000	125,897,000	92,629,000	1,157,000
cash flows from investing activities:
additions to property, plant and equipment	-188,000,000	-132,000,000	-95,000,000	-179,000,000	-160,000,000	-103,000,000	-82,000,000	-118,000,000	-113,000,000	-100,000,000	-115,000,000	-175,000,000	-160,000,000	-108,000,000	-104,000,000	-132,000,000	-151,000,000	-77,000,000	-72,000,000	-93,000,000	-67,724,000	-44,037,000	-31,739,000	-48,294,000	-75,529,000	-41,355,000	-61,485,000	-57,609,000	-67,673,000	-35,000,000	-34,316,000	-33,105,000	-51,655,000	-31,165,000	-19,491,000	-26,662,000	-56,233,000	-26,943,000	-20,724,000	-22,512,000	-34,398,000	-28,695,000	-18,556,000	-19,381,000	-45,362,000	-37,576,000	-26,408,000	-33,836,000
additions to intangible assets	0				0								0	0	0	-2,000,000	0								0
proceeds from disposal of assets							13,000,000	3,000,000	5,000,000	1,000,000	14,000,000	7,000,000	7,000,000	-3,000,000	2,000,000	2,000,000	5,000,000	11,000,000	1,000,000	1,000,000	-1,013,000	17,510,000	-3,114,000	3,806,000	7,505,000	9,922,000	20,715,000	3,970,000	7,215,000	343,000	325,000	293,000	14,864,000	802,000	-146,000	619,000	3,192,000	34,000	2,264,000	1,366,000	871,000	1,916,000	65,000	1,450,000	789,000	432,000	32,000	2,042,000
net proceeds received from business disposals	36,000,000	0			-1,000,000
cash received on foreign currency forward contracts	-26,000,000	19,000,000	90,000,000	22,000,000
joint venture capital contributions	0	0
net cash from investing activities	-157,000,000	-115,000,000	2,698,000,000	-157,000,000	-260,000,000	-78,000,000	742,000,000	-78,000,000	-64,000,000	86,000,000	719,000,000	-167,000,000	-142,000,000	1,233,000,000	-225,000,000	-121,000,000	-93,000,000	45,000,000	-85,000,000	115,000,000	-68,737,000	-41,124,000	-34,853,000	-42,749,000	-68,024,000	-11,604,000	-55,939,000	-90,299,000	-4,910,948,000	-32,820,000	-34,228,000	-35,239,000	-36,750,000	-31,153,000	-69,839,000	-162,188,000	-289,228,000	-25,988,000	-19,101,000	-21,146,000	-31,089,000	-331,093,000	-197,043,000	-17,931,000	-40,797,000	-37,144,000	-21,034,000	-122,358,000
cash flows from financing activities:
cash dividends paid to shareholders	-103,000,000	-102,000,000	-102,000,000	-102,000,000	-103,000,000	-102,000,000	-102,000,000	-207,000,000	-207,000,000	-206,000,000	-207,000,000	-206,000,000	-206,000,000	-202,000,000	-201,000,000	-201,000,000	-201,000,000	-192,000,000	-192,000,000	-82,000,000	-82,311,000	-80,173,000	-80,062,000	-80,038,000	-80,033,000	-77,899,000	-77,799,000	-77,779,000	-66,900,000	-54,494,000	-54,404,000	-54,420,000	-54,440,000	-50,494,000	-50,507,000	-50,677,000	-50,846,000	-44,588,000	-44,637,000	-44,826,000	-44,995,000	-37,948,000	-37,956,000	-37,971,000	-38,126,000	-31,696,000	-31,674,000	-31,743,000
dividends paid to redeemable non-controlling interests
decrease in revolving credit facility and short term borrowings
net borrowings
principal payments of debt	0	-500,000,000	-2,397,000,000	-16,000,000	-56,000,000	-125,000,000
purchases of redeemable non-controlling interests
deferred and contingent consideration paid					0	0
withholding tax paid on stock-based compensation	-1,000,000	-1,000,000			-1,000,000	-1,000,000
other	-2,000,000	-4,000,000	-10,000,000	-5,000,000	-2,000,000	-4,000,000	-2,000,000	-2,000,000	1,000,000	-3,000,000	-5,000,000	-1,000,000
purchase of treasury stock																													0	0	-4,858,000	-10,617,000	-4,858,000	0	-15,599,000	-37,612,000	-33,295,000	-22,434,000	-31,707,000	-40,007,000	-40,956,000	-42,424,000	-28,153,000	-10,660,000	-35,750,000	-18,350,000	-13,981,000	-20,122,000
net cash from financing activities	-200,000,000	-237,000,000	-2,823,000,000	169,000,000	-162,000,000	-421,000,000	-1,063,000,000	40,000,000	-558,000,000	-427,000,000	-944,000,000	78,000,000	-142,000,000	-1,464,000,000	282,000,000	95,000,000	-282,000,000	-595,000,000	-212,000,000	-215,000,000	-93,561,000	-203,420,000	-107,361,000	-107,228,000	-139,249,000	-131,375,000	-122,254,000	-112,179,000	49,608,000	4,845,632,000	-9,922,000	-14,615,000	-100,054,000	-286,115,000	229,884,000	113,727,000	-85,469,000	-187,350,000	-86,154,000	339,279,000	-198,174,000	113,845,000	-7,425,000	-39,542,000	-74,208,000	-38,497,000	-40,297,000	-49,328,000
effect of exchange rate changes on cash, cash equivalents and restricted cash				40,000,000	-44,000,000	28,000,000	-13,000,000	-25,000,000	51,000,000	-69,000,000	12,000,000	27,000,000	73,000,000	-76,000,000	-50,000,000	-24,000,000	-15,000,000	-26,000,000	19,000,000	-37,000,000	39,574,000	9,504,000	14,313,000	-42,529,000		-5,906,000
net change in cash, cash equivalents and restricted cash				179,000,000	-98,000,000	-105,000,000	-97,000,000	36,000,000	73,000,000	10,000,000	35,000,000	65,000,000	-3,000,000	-18,000,000	-89,000,000	-54,000,000	-79,000,000	-148,000,000	62,000,000	221,000,000	176,346,000	-28,408,000	63,550,000	-175,561,000	119,891,000	49,234,000
cash, cash equivalents and restricted cash at beginning of year				471,000,000	0	0	0	735,000,000	0	0	0	552,000,000	0	0	0	716,000,000	0	0	0	660,000,000	0	0	0	623,945,000	0	0
cash, cash equivalents and restricted cash at end of year
supplemental disclosures:
interest paid, net of amounts capitalized	54,000,000	45,000,000	93,000,000	37,000,000	92,000,000	58,000,000	97,000,000	61,000,000	109,000,000	70,000,000	125,000,000	66,000,000	111,000,000	56,000,000	98,000,000	45,000,000	94,000,000	56,000,000	118,000,000	42,000,000	14,900,000	55,542,000	15,356,000	41,755,000		51,642,000	21,973,000	48,506,000		17,452,000	54,186,000	20,236,000		16,817,000	5,150,000	16,667,000		20,037,000	4,242,000	20,729,000		19,044,000	4,130,000	19,697,000		2,698,000	3,676,000	20,033,000
income taxes paid	67,000,000	123,000,000	53,000,000	86,000,000	122,000,000	63,000,000	132,000,000	53,000,000	128,000,000	46,000,000	177,000,000	227,000,000	53,000,000	49,000,000	149,000,000	78,000,000	91,000,000	64,000,000	98,000,000	36,000,000	31,482,000	43,446,000	25,225,000	32,636,000		24,908,000	40,585,000	33,326,000		28,863,000	32,870,000	24,939,000		26,394,000	30,919,000	20,043,000		27,331,000	28,835,000	23,884,000		25,096,000	25,437,000	20,634,000		17,523,000	26,803,000	18,681,000
accrued capital expenditures	84,000,000	23,000,000	11,000,000	58,000,000	84,000,000	10,000,000	11,000,000	53,000,000	42,000,000	10,000,000	-14,000,000	71,000,000	57,000,000	22,000,000	7,000,000	64,000,000	73,000,000	8,000,000	15,000,000	21,000,000	18,085,000	-6,492,000	10,002,000	19,013,000	23,640,000	-2,954,000	4,539,000	14,241,000	15,597,000	-913,000	292,000	18,868,000
adjustments to reconcile to net cash from operating activities
losses on sale of assets		0															0				2,216,000	415,000	399,000	754,000	1,231,000	372,000
net borrowings of commercial paper				292,000,000			-644,000,000	833,000,000				393,000,000			305,000,000	227,000,000
effect of exchange rate changes on cash and cash equivalents		-7,000,000																										3,853,000	-214,000	-7,565,000	-5,267,000	-1,521,000	-2,419,000	316,000	-4,946,000	2,835,000	-6,094,000	-2,727,000	-6,565,000	-2,859,000	92,000	-16,107,000	3,191,000	-8,887,000	-12,145,000	-9,849,000	563,000	-228,000
net change in cash and cash equivalents and restricted cash
cash and cash equivalents and restricted cash at beginning of year
cash and cash equivalents at end of period		-195,000,000																										497,129,000		4,952,036,000	17,147,000	305,276,000		-175,384,000	191,319,000	300,067,000		-41,262,000	11,115,000	528,877,000		-104,978,000	-66,435,000	443,689,000		77,983,000	58,269,000	268,584,000
net change in cash and cash equivalents																												-151,393,000		4,952,036,000	17,147,000	-62,770,000	52,044,000	-175,384,000	191,319,000	-23,925,000	-174,738,000	-41,262,000	11,115,000	346,889,000	-90,288,000	-104,978,000	-66,435,000	-34,884,000	73,737,000	77,983,000	58,269,000	-136,921,000
cash and cash equivalents at beginning of year																												648,522,000		0	0	368,046,000	0	0	0	323,992,000	0	0	0	181,988,000	0	0	0	478,573,000	0	0	0	405,505,000
gains on sales of assets
proceeds from sale of assets					3,000,000
increase in revolving credit facility and short-term borrowings								250,000,000		0	0	-100,000,000		-349,000,000	350,000,000	1,000,000
cash, cash equivalents and restricted cash at end of period				650,000,000		-105,000,000	-97,000,000	771,000,000		10,000,000	35,000,000	617,000,000		-18,000,000	-89,000,000	662,000,000		-148,000,000	62,000,000	881,000,000		-28,408,000	63,550,000	448,384,000		49,234,000
impairment of long-lived assets													0	0
cash paid for acquisitions, net of cash received													0	13,000,000											0	-1,000	-15,169,000	-33,895,000	-4,857,321,000	0	0	-22,000	-1,024,000	0	-53,211,000	-138,093,000					45,000
proceeds from unwinding of derivative instruments													0
cash from the merger with n&b													0	0	0	11,000,000	53,000,000	0	-14,000,000	207,000,000
cash paid on foreign currency forward contracts
increase in revolving credit facility and short term borrowings																						468,000	-1,292,000	169,000		3,000	-2,887,000	2,895,000
proceeds from issuance of commercial paper													65,000,000	0	5,000,000	155,000,000	124,000,000
repayments of commercial paper													-186,000,000	-5,000,000	-155,000,000	-75,000,000
net
changes in assets and liabilities:
other current payables and accrued expenses						143,000,000	-50,000,000	-28,000,000	235,000,000	32,000,000	-197,000,000	-51,000,000	-110,000,000	269,000,000	-106,000,000	39,000,000	-95,000,000	67,000,000	-16,000,000	48,000,000	-2,621,000	89,957,000	35,163,000	-65,158,000	17,649,000	-227,000	-613,000	-11,321,000	-5,665,000	-10,642,000	29,568,000	-18,540,000	13,256,000	12,522,000	4,187,000	-7,286,000	18,440,000	11,863,000	8,344,000	10,456,000	-5,461,000	14,381,000	-60,000	20,264,000	-23,486,000	16,536,000	-13,478,000	1,096,000
decrease in revolving credit facility and short-term borrowings																		-1,000,000	0	-104,000,000
net proceeds received from business divestitures							811,000,000	37,000,000	44,000,000	185,000,000
losses on business divestitures									-6,000,000	10,000,000	5,000,000	14,000,000
deferred financing costs									0	-3,000,000	0	-2,000,000									0								-11,724,000	-20,543,000			0	0			-1,008,000	16,000	0	-4,796,000					0	0
repayments of long-term debt								-833,000,000	-300,000,000	-55,000,000			0				-200,000,000
employee withholding taxes paid								-1,000,000	-1,000,000	-1,000,000	-5,000,000	-6,000,000	-1,000,000	0	-7,000,000	-13,000,000	-1,000,000	-1,000,000	-13,000,000	-6,000,000	-437,000	-70,000	-6,319,000	-1,275,000	-821,000	-111,000	-8,516,000	-1,339,000	0	-629,000	-5,830,000	-3,266,000	-259,000	-24,000	-8,485,000	-3,000,000
amortization of inventory step-up																	5,000,000	-14,000,000
proceeds from issuance of long-term debt																	0	0			0								330,328,000				0	0			0	0	0	555,559,000
deferred consideration paid									0	0
net repayments of commercial paper
gains on sale of fixed assets												-5,000,000
net proceeds received from business divestiture												1,000,000	11,000,000
losses on sale of fixed assets
gains on business divestiture
maturity of net investment hedges																					0								0	0	-237,000	-2,405,000	-792,000	-790,000	1,068,000	1,948,000	649,000	629,000			2,393,000	0			3,776,000	0	0	-472,000
proceeds from life insurance contracts																					0	0	0	1,739,000	0	0	0	1,890,000	0				1,857,000	0			0				0	320,000			0	0
dividends paid to redeemable non-controlling interest
purchases of redeemable non-controlling interest
contingent consideration paid																		0	0	-14,000,000					0	0	0	-4,655,000
proceeds from issuance of stock in connection with stock options														0	0	7,000,000	1,000,000	3,000,000	2,000,000	3,000,000						0	0	200,000
gains on sales of fixed assets
gain on business divestiture
purchases of redeemable noncontrolling interest														-24,000,000							0	0	-7,393,000	-14,173,000
purchases of noncontrolling interest														0	0	-6,000,000
proceeds from unwinding of cross currency swap derivative instruments																									0
proceeds received from sale of business
dividends paid to redeemable noncontrolling interest
decrease in revolving credit facility and short term borrowing
proceeds received in advance of sale of business
repayments on debt																			-12,000,000	-12,000,000		-311,805,000	-11,695,000	-11,584,000		-53,368,000	-11,261,000	-36,156,000
other assets																				229,000,000	87,595,000	-64,926,000	-50,422,000	42,462,000	-8,634,000	-28,027,000	-20,011,000	-9,978,000	42,378,000	4,023,000	-39,585,000	-26,035,000	-7,690,000	-14,183,000	-11,009,000	29,016,000	7,713,000	-8,809,000								-8,385,000	-1,569,000	4,446,000
other liabilities																				-208,000,000	-34,647,000	4,005,000	-7,165,000	10,467,000	-36,791,000	-7,481,000	43,306,000	-6,894,000	4,232,000	-1,364,000	10,366,000	-1,715,000	60,201,000	-4,857,000	-14,566,000	-20,720,000	10,169,000	18,004,000								14,703,000	4,691,000	4,215,000
loss on extinguishment of debt																													0
gain on deal contingent derivatives																													0
proceeds from disposal of subsidiaries, net of cash held
repayments of debt																																	0				0					0
proceeds from sales of equity securities, net of issuance costs																													-871,000
gain on pre-issuance hedges																													0
litigation settlement																																	0	0
foreign currency gain on liquidation of entity																																	-3,000	0	0	-12,214,000
proceeds from issuance of stock in connection with stock plans
cash paid for:
interest, net of amounts capitalized
income taxes
noncash investing activities:
product recall claim settlement, net of insurance proceeds received																													3,325,000
proceeds from pre-issuance hedges
treasury stock issued in the frutarom acquisition
loss on disposal of assets																																							-197,000	-2,713,000			-20,000	34,000
product recall claim settlement																															0	-12,969,000
increase in revolving credit facility borrowings and overdrafts																															86,497,000	23,762,000			-75,680,000	97,275,000	-657,000
loss on pre-issuance hedges																																	0	0	-5,610,000	300,000	0	0	0	-3,244,000
proceeds from issuance of stock under stock plans																																	0	0			219,000	100,000	331,000	163,000	598,000	2,000	59,000	227,000	503,000	337,000	111,000	913,000
gain on disposal of assets																																-69,000	-64,000	-31,000	-68,000	-21,000	-7,838,000				-281,000				-1,417,000	-782,000	-758,000	-811,000
increase in commercial paper																																29,926,000				107,441,000
cash and cash equivalents at end of year
decrease in revolving credit facility borrowings and overdrafts
excess tax benefits on stock-based payments																																					118,000	101,000	3,399,000	1,032,000	351,000	96,000	3,011,000	8,597,000	250,000	292,000	5,473,000	315,000
net change in revolving credit facility borrowings and overdrafts																																							-13,540,000	-124,602,000			-548,000	265,000	-594,000	6,820,000	797,000	1,309,000
proceeds from issuance or drawdown of long-term debt																																										193,836,000
net change in bank borrowings and overdrafts
cash paid for acquisition, net of cash received																																													0	0	-100,000	-102,400,000
changes in assets and liabilities, net of aromor acquisition:
spanish tax charges
payments pursuant to spanish tax settlement
changes in other assets/liabilities
purchase of life insurance contracts
proceeds from long-term debt																																													-491,000
proceeds from termination of life insurance contracts																																																12,308,000

International Flavors & Fragrances Inc(NYSE:IFF)

International Flavors & Fragrances Inc
(NYSE:IFF)