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International Flavors & Fragrances Balance Sheet Statement

Assets, liabilities, and shareholders' equity

International Flavors & Fragrances holds $25.1B in total assets. Shareholders' equity is $14.1B against $6.3B in total debt. Cash and equivalents total $562.0M. The current ratio is 1.49 and debt-to-equity is 0.449. Based on the Q1 2026 filing.

Total Assets$25.1BTotal Stockholders Equity$14.1BLong Term Debt$4.7BCash And Equivalents$562.0MTotal Current Assets$5.4BTotal Current Liabilities$3.6B
Latest FilingQ1 2026
Report Date2026-05-05
Market Cap$19.9B
P/E Ratio24.26
ROE6.02%

Current Liabilities

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Accounts payable$1.3B$1.3B$1.3B$1.3B$1.3B$1.4B
Accrued expenses$420.0M$216.0M$258.0M$287.0M$327.0M$213.0M
Accrued interest$42.0M$79.0M$47.0M$35.0M$27.0M$41.0M
Accrued Manufacturing Costs$420.0M$216.0M$258.0M$287.0M$327.0M$213.0M
Accrued Income Taxes, Current$129.0M$141.0M$218.0M$226.0M$180.0M$153.0M
Compensation and benefits$420.0M$216.0M$258.0M$287.0M$327.0M$213.0M
Other accrued liabilities$802.0M$832.0M$975.0M$1.0B$919.0M$881.0M
Current portion of long-term debt$1.4B$1.7B$500.0M$1.3B$1.3B$1.1B
Derivative Liabilities - Fair Value$129.0M$131.0M$255.0M$249.0M$242.0M$220.0M
Dividends payable$102.0M$102.0M$102.0M$102.0M$102.0M$102.0M
Dividends Payable Per Share$0.40———$0.40—
Finance Lease Liability Payment Due$30.0M———$36.0M—
Finance Lease Liability - Undiscounted Excess Amount$2.0M———$4.0M—
Income taxes payable$129.0M$141.0M$218.0M$226.0M$180.0M$153.0M
Operating Lease Liability Payments - 2024 (Lessee)$96.0M———$102.0M—
Operating Lease Liability Payments - 2025 (Lessee)$74.0M———$76.0M—
Lease Liability Payments - Due Year Two$10.0M———$10.0M—
Lease Liability Payments - Due Year Three$84.0M———$88.0M—
Lease Liability Payments - Due Year Four$74.0M———$76.0M—
Lease Liability Payments - Due Year Five$1.0M———$1.0M—
Lease Liability Payments - Remainder of Fiscal Year$106.0M———$117.0M—
Liabilities held for sale$332.0M$443.0M$0.0$44.0M$44.0M$0.0
Note payable to DIRECTV$802.0M$832.0M$975.0M$1.0B$919.0M$881.0M
Operating lease liabilities, current$82.0M$86.0M$95.0M$93.0M$92.0M$94.0M
Operating Lease Liability Payments Due$752.0M———$775.0M—
Other current liabilities$196.0M$134.0M$112.0M$199.0M$155.0M$168.0M
Restructuring Reserve$3.0M$17.0M$28.0M$33.0M$36.0M$23.0M
Sales taxes payable$24.0M$42.0M$46.0M$36.0M$30.0M$39.0M
Total current liabilities$4.4B$4.6B$3.2B$4.1B$3.9B$3.6B

Current Assets

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Accounts receivable, net$109.0M$67.0M$121.0M$68.0M$106.0M$120.0M
Allowance for Doubtful Accounts$26.0M$28.0M$26.0M$28.0M$27.0M$26.0M
Allowance for Doubtful Accounts Receivable (Current)$26.0M$28.0M$26.0M$28.0M$27.0M$26.0M
Assets held for sale$3.1B$3.3B$0.0$152.0M$151.0M$0.0
Cash and cash equivalents$471.0M$650.0M$816.0M$621.0M$590.0M$562.0M
Cash and Cash Equivalents from Discontinued Operations$2.0M$37.0M$0.0$0.0$0.0$0.0
Contract Assets, Net$29.0M———$33.0M—
Finished goods$1.0B$1.1B$1.2B$1.2B$1.1B$1.1B
Other current assets$686.0M$775.0M$940.0M$911.0M$877.0M$795.0M
Derivative Assets - Fair Value$9.0M$8.0M$36.0M$3.0M$18.0M$25.0M
Income taxes receivable$177.0M$217.0M$212.0M$267.0M$212.0M$222.0M
Finished goods$1.0B$1.1B$1.2B$1.2B$1.1B$1.1B
Raw materials$684.0M$760.0M$804.0M$752.0M$731.0M$737.0M
Work in process$443.0M$380.0M$396.0M$408.0M$454.0M$462.0M
Inventories$2.1B$2.2B$2.4B$2.3B$2.2B$2.3B
Other Inventory, Net$29.0M———$33.0M—
Prepaid expenses and other current assets$159.0M$213.0M$40.0M$34.0M$170.0M$154.0M
Prepaid Tax$118.0M$152.0M$154.0M$136.0M$131.0M$133.0M
Total current assets$8.0B$8.6B$5.9B$5.9B$5.6B$5.4B

Non-Current Assets

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Accumulated Goodwill Impairment Losses$4.9B———$6.0B—
Deferred tax assets$101.0M$1.5B$1.4B$1.3B$1.4B$1.4B
Deferred Tax Assets and Other Non-Current Assets$101.0M$259.0M$244.0M$233.0M$125.0M$298.0M
Deferred Tax Assets - Tax Credit Carryforwards$21.0M———$21.0M—
Equity method investments$10.0M$11.0M$16.0M$15.0M$15.0M$15.0M
Finite-Lived Intangible Assets - Expected Amortization Expense (Year One)$467.0M$439.0M$451.0M$444.0M$444.0M$437.0M
Finite Lived Intangible Assets - Gross$9.2B$9.4B$9.7B$9.5B$9.5B$9.5B
Goodwill$9.1B$8.0B$8.3B$8.3B$8.3B$8.2B
Indefinite-Lived Research and Development Assets$154.0M———$167.0M—
Intangible assets, net$6.4B$6.4B$6.4B$6.2B$6.0B$5.9B
Long-term investments$153.0M$171.0M$240.0M$257.0M$215.0M$218.0M
Net Investment in Lease$589.0M$579.0M$620.0M$595.0M$579.0M$572.0M
Net Operating Loss Carryforwards$267.0M———$334.0M—
Prepaid pension assets$144.0M$153.0M$168.0M$179.0M$177.0M$180.0M
Intangible assets — net$6.4B$6.4B$6.4B$6.2B$6.0B$5.9B
Investments and long-term receivables$153.0M$171.0M$240.0M$257.0M$215.0M$218.0M
Operating lease right-of-use assets$589.0M$579.0M$620.0M$595.0M$579.0M$572.0M
Other non-current assets$907.0M$869.0M$955.0M$982.0M$1.0B$1.1B
Other Intangible Assets Net$6.4B$6.4B$6.4B$6.2B$6.0B$5.9B
Property, plant and equipment at cost$6.2B$6.3B$6.6B$6.6B$6.8B$6.9B
Operating lease right-of-use assets$0.0$579.0M$620.0M$595.0M$579.0M$572.0M
Operating Lease Right-of-Use Assets in Other Assets$589.0M$579.0M$620.0M$595.0M$579.0M$572.0M
Other non-current assets$434.0M$194.0M$205.0M$211.0M$244.0M$252.0M
Accumulated depreciation$2.4B$2.6B$2.7B$2.7B$2.8B$2.9B
Long-term Prepaid Supply Agreements$123.0M$126.0M$133.0M$126.0M$119.0M$120.0M
Property and equipment, net$3.7B$3.8B$3.9B$3.9B$4.0B$4.0B
Software and Technology Licenses, Net$907.0M$869.0M$955.0M$982.0M$1.0B$1.1B
Tax Credit Carryforward Valuation Allowance$376.0M———$454.0M—
Total assets$28.7B$28.3B$26.1B$25.8B$25.5B$25.1B

Equity

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Additional paid-in capital$19.9B$19.9B$19.9B$19.9B$19.9B$19.9B
Accumulated other comprehensive income (loss)-$2.5B-$2.1B-$1.4B-$1.5B-$1.4B-$1.5B
Common stock500M500M500M500M500M500M
Common Stock Par Value Per Share$0.13$0.13$0.13$0.13$0.13$0.13
Common Stock Shares Issued275.7M275.7M275.7M275.7M275.7M275.7M
Cumulative Gross Losses and Impairments$4.9B———$6.0B—
Additional paid-in capital$19.9B$19.9B$19.9B$19.9B$19.9B$19.9B
Common stock; $0.001 par value; 6,000 shares authorized; 3,755 and 3,751 shares issued and outstanding as of March 31, 2026 and December 31, 2025, respectively$35.0M$35.0M$35.0M$35.0M$35.0M$35.0M
Treasury Stock, Value$944.0M$942.0M$917.0M$915.0M$952.0M$986.0M
Noncontrolling interests$35.0M$36.0M$32.0M$32.0M$32.0M$33.0M
Retained earnings-$2.6B-$3.7B-$3.2B-$3.3B-$3.4B-$3.4B
Share-Based Payment - Unrecognized Cost of Nonvested Awards—$66.0M$105.0M$86.0M—$58.0M
Total liabilities and stockholders' equity$28.7B$28.3B$26.1B$25.8B$25.5B$25.1B
Total stockholders' equity$13.8B$13.2B$14.4B$14.2B$14.2B$14.1B
Treasury stock$944.0M$942.0M$917.0M$915.0M$952.0M$986.0M

Other

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Cumulative Cost Basis$6.2B$6.3B$6.6B$6.6B$6.8B$6.9B
Fair Value Measurement Disclosure$129.0M$131.0M$255.0M$249.0M$242.0M$220.0M
Gross Assets/Liabilities$129.0M$131.0M$255.0M$249.0M$242.0M$220.0M
Line of Credit Maximum Borrowing Capacity—————$1.7B
Line of Credit Remaining Borrowing Capacity—————$1.7B
Accounts receivable, factoring receivable program, maximum amount————$533.0M—
Percentage of outstanding receivables by over 365 days1.0%1.0%1.0%1.0%1.0%1.0%
Reduction in accrual for interest and penalties$16.0M———$26.0M—
Capital in excess of par value related to deferred compensation plan$15.0M———$9.0M—
Accounts Receivable, Allowance for Credit Loss$26.0M$28.0M$26.0M$28.0M$27.0M$26.0M
The amount of pledged assets, principally PP&E to cover income tax and indirect tax assessments————$7.0M—
Bank guarantees, commercial guarantees, standby letters of credit and surety bonds, facility amounts$214.0M———$209.0M—
Bank guarantees, standby letters of credit, and commercial guarantees, amount outstanding$65.0M$57.0M$54.0M$51.0M$50.0M$53.0M
Cash surrender value of life insurance policies$52.0M$52.0M$53.0M$55.0M$57.0M$56.0M
Commercial paper borrowings outstanding$0.0$292.0M—$370.0M$314.0M$154.0M
Common stock, par value (in dollars per share)$0.1$0.1$0.1$0.1$0.1$0.1
Common stock, shares authorized (in shares)$500.0M$500.0M$500.0M$500.0M$500.0M$500.0M
Common stock, shares issued (in shares)$275.7M$275.7M$275.7M$275.7M$275.7M$275.7M
Common Stock, Shares, Outstanding$255.7M$255.7M$256.3M$256.3M$255.7M$255.2M
Credit and net operating loss carryforwards$294.0M———$359.0M—
Short-term debt and current portion of long-term debt$1.4B$1.7B$500.0M$1.3B$1.3B$1.1B
Long-term debt, gross$9.0B$9.3B$6.2B$6.0B$6.0B$5.8B
Deferred Tax Liabilities, Gross$2.0B———$1.7B—
Deferred income taxes$1.6B$1.5B$1.4B$1.3B$1.4B$1.4B
Deferred Tax Assets, Gross$1.0B———$1.1B—
Interest limitation$226.0M———$205.0M—
Lease obligations$143.0M———$146.0M—
Deferred Tax Assets Operating Loss Carryforwards Not Subject To Expiration————$231.0M—
Deferred Tax Assets Operating Loss Carryforwards Subject To Expiration————$103.0M—
Deferred Tax Assets, Tax Deferred Expense, Compensation and Benefits, Postretirement Benefits$90.0M———$62.0M—
Deferred Tax Assets, Valuation Allowance$376.0M———$454.0M—
Deferred Tax Liabilities, Net$1.4B———$1.1B—
Deferred taxes on deemed repatriation$154.0M———$155.0M—
Federal and state intangible assets$1.5B———$1.2B—
Deferred Tax Liabilities, Other$5.0M———$0.0—
Deferred Tax Liabilities, Property, Plant and Equipment$195.0M———$203.0M—
Deferred Tax Liabilities, Right-of-Use Assets$132.0M———$138.0M—
Derivative, gross, assets$9.0M$8.0M$36.0M$3.0M$18.0M$25.0M
Derivatives, gross, liabilities$129.0M$131.0M$255.0M$249.0M$242.0M$220.0M
Earnout and other post-closing adjustments receivable$0.0—$100.0M$100.0M$139.0M$46.0M
Unrecognized compensation cost related to non-vested awards—$66.0M$105.0M$86.0M—$58.0M
Equity method investments (Note 11)$10.0M$11.0M$16.0M$15.0M$15.0M$15.0M
Finance Lease Liability Payments Due$30.0M———$36.0M—
Finance Lease Liability Payments Due After Year Five$0.0———$4.0M—
2027$11.0M———$14.0M—
Finance Lease Liability Payments Due Year Five$1.0M———$1.0M—
Finance Lease Liability Payments Due Year Four$2.0M———$2.0M—
Finance Lease Liability Payments Due Year Three$6.0M———$5.0M—
Finance Lease Liability Payments Due Year Two$10.0M———$10.0M—
Finance Lease Liability Undiscounted Excess Amount$2.0M———$4.0M—
Finance Lease, Right-of-Use Asset, after Accumulated Amortization$27.0M$29.0M$29.0M$32.0M$32.0M$32.0M
Finite-Lived Intangible Assets, Accumulated Amortization$2.8B$3.0B$3.2B$3.3B$3.5B$3.6B
2028$564.0M$487.0M$501.0M$493.0M$494.0M$478.0M
2030$467.0M$439.0M$451.0M$444.0M$444.0M$437.0M
Remainder of 2026—$426.0M$297.0M$146.0M—$434.0M
2027$567.0M$572.0M$589.0M$581.0M$582.0M$492.0M
2029$479.0M$474.0M$487.0M$480.0M$481.0M$441.0M
Gross Carrying Amount$9.2B$9.4B$9.7B$9.5B$9.5B$9.5B
Goodwill accumulated impairment losses$4.9B———$6.0B—
Tax receivable within other current assets$177.0M$217.0M$212.0M$267.0M$212.0M$222.0M
Lessee, Operating and Finance Lease, Liability, to be Paid, Year Three$90.0M———$93.0M—
Lessee, Operating and Finance Lease, Liability, to be Paid, Year Five$65.0M———$71.0M—
Lessee, Operating and Finance Lease, Liability, to be Paid, Year Two$106.0M———$112.0M—
Lessee, Operating and Finance Lease, Liability, to be Paid, after Year Five$328.0M———$326.0M—
Lessee, Operating and Finance Lease, Liability, to be Paid, Year Four$76.0M———$78.0M—
Lessee, Operating and Finance Lease, Liability, to be Paid, Year One$117.0M———$131.0M—
Lessee, Operating and Finance Lease, Liability, Undiscounted Excess Amount$138.0M———$154.0M—
Lessee, Operating and Finance Lease, Payments, Due$782.0M———$811.0M—
Lessee Operating Lease Liability Payments Due$752.0M———$775.0M—
Committed Revolving Credit Facilities—————$1.7B
Thereafter$5.1B———$2.3B—
2027$1.4B———$940.0M—
Minimum percentage chance of tax benefit realization in final settlement50.0%———50.0%—
Noncontrolling interests in subsidiaries$35.0M$36.0M$32.0M$32.0M$32.0M$33.0M
Operating and Finance Lease, Liability$644.0M———$657.0M—
Operating Loss Carryforwards$267.0M———$334.0M—
Operating Loss Carryforwards Valuation Allowance$376.0M———$454.0M—
Other$196.0M$134.0M$112.0M$199.0M$155.0M$168.0M
Pension And Other Postretirement And Postemployment Benefit Plans Liabilities Current$12.0M$13.0M$13.0M$14.0M$13.0M$14.0M
Prepaid expenses$159.0M$213.0M$180.0M$180.0M$170.0M$154.0M
Rebates and incentives payable$111.0M$94.0M$98.0M$104.0M$103.0M$88.0M
Restructuring Reserve$3.0M$17.0M$28.0M$33.0M$36.0M$23.0M
Treasury stock, shares (in shares)$20.0M$20.0M$19.4M$19.4M$20.0M$20.5M
Unrecognized tax benefits$270.0M———$170.0M—
Unrecognized tax benefits, including interest$216.0M———$208.0M—
Remainder of Fiscal Year 2024—$426.0M$297.0M$146.0M—$434.0M
Remainder of Fiscal Year 2025—$426.0M$297.0M$146.0M—$434.0M
Weighted-Average Discount Rate4.6%———4.7%—
Weighted-Average Discount Rate - Finance Leases$0.0———$0.0—

Non-Current Liabilities

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Debt Maturity - 1 to 3 Years$2.0B———$1.2B—
Debt Maturity - 3 to 5 Years$400.0M———$1.2B—
Debt Maturity - Thereafter$5.1B———$2.3B—
Defined Benefit Pension Plan Liabilities (Non-Current)$167.0M$174.0M$180.0M$181.0M$186.0M$182.0M
Finance lease liabilities$18.0M———$20.0M—
Finance Lease Liabilities (Total)$28.0M———$32.0M—
Operating Lease Liability Payments - 2026 (Lessee)$84.0M———$88.0M—
Operating Lease Liability Payments - 2027 (Lessee)$64.0M———$70.0M—
Operating Lease Liability Payments - 2028 (Lessee)$74.0M———$76.0M—
Operating Lease Liability Payments - 2029 (Lessee)$64.0M———$70.0M—
Long-term debt$9.0B$7.6B$5.7B$4.7B$6.0B$4.7B
Other Accounts Payable and Accrued Liabilities$203.0M$226.0M$318.0M$304.0M$283.0M$261.0M
Retirement and nonpension postretirement benefit obligations$167.0M$174.0M$180.0M$181.0M$186.0M$182.0M
Operating Lease Liabilities (Total)$632.0M$535.0M$571.0M$548.0M$533.0M$524.0M
Other non-current liabilities$627.0M$592.0M$680.0M$611.0M$582.0M$548.0M
Total Carrying Value of Debt$9.0B$9.3B$6.2B$6.0B$6.0B$5.8B
Total noncurrent liabilities$10.5B$10.4B$8.5B$7.4B$7.4B$7.3B
Unrecognized Tax Benefits$270.0M———$170.0M—