Income Statement Balance Sheet Cash Flow Segments

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$25.1B Total Stockholders Equity$14.1B Long Term Debt$4.7B Cash And Equivalents$562.0M Total Current Assets$5.4B Total Current Liabilities$3.6B

Latest FilingQ1 2026

Report Date2026-05-05

Market Cap$19.8B

P/E Ratio24.10

ROE6.02%

Current Liabilities

Metric	Q4 '24	Q1 '25	Q2 '25	Q3 '25	Q4 '25	Q1 '26
Accounts payable	$1.3B	$1.3B	$1.3B	$1.3B	$1.3B	$1.4B
Accrued expenses	$420M	$216M	$258M	$287M	$327M	$213M
Accrued interest	$42M	$79M	$47M	$35M	$27M	$41M
Accrued Manufacturing Costs	$420M	$216M	$258M	$287M	$327M	$213M
Accrued Income Taxes, Current	$129M	$141M	$218M	$226M	$180M	$153M
Compensation and benefits	$420M	$216M	$258M	$287M	$327M	$213M
Other accrued liabilities	$802M	$832M	$975M	$1B	$919M	$881M
Current portion of long-term debt	$1.4B	$1.7B	$500M	$1.3B	$1.3B	$1.1B
Derivative Liabilities - Fair Value	$129M	$131M	$255M	$249M	$242M	$220M
Dividends payable	$102M	$102M	$102M	$102M	$102M	$102M
Dividends Payable Per Share	$0.40	—	—	—	$0.40	—
Finance Lease Liability Payment Due	$30M	—	—	—	$36M	—
Finance Lease Liability - Undiscounted Excess Amount	$2M	—	—	—	$4M	—
Income taxes payable	$129M	$141M	$218M	$226M	$180M	$153M
Operating Lease Liability Payments - 2024 (Lessee)	$96M	—	—	—	$102M	—
Operating Lease Liability Payments - 2025 (Lessee)	$74M	—	—	—	$76M	—
Lease Liability Payments - Due Year Two	$10M	—	—	—	$10M	—
Lease Liability Payments - Due Year Three	$84M	—	—	—	$88M	—
Lease Liability Payments - Due Year Four	$74M	—	—	—	$76M	—
Lease Liability Payments - Due Year Five	$1M	—	—	—	$1M	—
Lease Liability Payments - Remainder of Fiscal Year	$106M	—	—	—	$117M	—
Liabilities held for sale	$332M	$443M	$0	$44M	$44M	$0
Note payable to DIRECTV	$802M	$832M	$975M	$1B	$919M	$881M
Operating lease liabilities, current	$82M	$86M	$95M	$93M	$92M	$94M
Operating Lease Liability Payments Due	$752M	—	—	—	$775M	—
Other current liabilities	$196M	$134M	$112M	$199M	$155M	$168M
Restructuring Reserve	$3M	$17M	$28M	$33M	$36M	$23M
Sales taxes payable	$24M	$42M	$46M	$36M	$30M	$39M
Total current liabilities	$4.4B	$4.6B	$3.2B	$4.1B	$3.9B	$3.6B

Current Assets

Metric	Q4 '24	Q1 '25	Q2 '25	Q3 '25	Q4 '25	Q1 '26
Accounts receivable, net	$109M	$67M	$121M	$68M	$106M	$120M
Allowance for Doubtful Accounts	$26M	$28M	$26M	$28M	$27M	$26M
Allowance for Doubtful Accounts Receivable (Current)	$26M	$28M	$26M	$28M	$27M	$26M
Assets held for sale	$3.1B	$3.3B	$0	$152M	$151M	$0
Cash and cash equivalents	$471M	$650M	$816M	$621M	$590M	$562M
Cash and Cash Equivalents from Discontinued Operations	$2M	$37M	$0	$0	$0	$0
Contract Assets, Net	$29M	—	—	—	$33M	—
Finished goods	$1B	$1.1B	$1.2B	$1.2B	$1.1B	$1.1B
Other current assets	$686M	$775M	$940M	$911M	$877M	$795M
Derivative Assets - Fair Value	$9M	$8M	$36M	$3M	$18M	$25M
Income taxes receivable	$177M	$217M	$212M	$267M	$212M	$222M
Finished goods	$1B	$1.1B	$1.2B	$1.2B	$1.1B	$1.1B
Raw materials	$684M	$760M	$804M	$752M	$731M	$737M
Work in process	$443M	$380M	$396M	$408M	$454M	$462M
Inventories	$2.1B	$2.2B	$2.4B	$2.3B	$2.2B	$2.3B
Other Inventory, Net	$29M	—	—	—	$33M	—
Prepaid expenses and other current assets	$159M	$213M	$40M	$34M	$170M	$154M
Prepaid Tax	$118M	$152M	$154M	$136M	$131M	$133M
Total current assets	$8B	$8.6B	$5.9B	$5.9B	$5.6B	$5.4B

Non-Current Assets

Metric	Q4 '24	Q1 '25	Q2 '25	Q3 '25	Q4 '25	Q1 '26
Accumulated Goodwill Impairment Losses	$4.9B	—	—	—	$6B	—
Deferred tax assets	$101M	$1.5B	$1.4B	$1.3B	$1.4B	$1.4B
Deferred Tax Assets and Other Non-Current Assets	$101M	$259M	$244M	$233M	$125M	$298M
Deferred Tax Assets - Tax Credit Carryforwards	$21M	—	—	—	$21M	—
Equity method investments	$10M	$11M	$16M	$15M	$15M	$15M
Finite-Lived Intangible Assets - Expected Amortization Expense (Year One)	$467M	$439M	$451M	$444M	$444M	$437M
Finite Lived Intangible Assets - Gross	$9.2B	$9.4B	$9.7B	$9.5B	$9.5B	$9.5B
Goodwill	$9.1B	$8B	$8.3B	$8.3B	$8.3B	$8.2B
Indefinite-Lived Research and Development Assets	$154M	—	—	—	$167M	—
Intangible assets, net	$6.4B	$6.4B	$6.4B	$6.2B	$6B	$5.9B
Long-term investments	$153M	$171M	$240M	$257M	$215M	$218M
Net Investment in Lease	$589M	$579M	$620M	$595M	$579M	$572M
Net Operating Loss Carryforwards	$267M	—	—	—	$334M	—
Prepaid pension assets	$144M	$153M	$168M	$179M	$177M	$180M
Intangible assets — net	$6.4B	$6.4B	$6.4B	$6.2B	$6B	$5.9B
Investments and long-term receivables	$153M	$171M	$240M	$257M	$215M	$218M
Operating lease right-of-use assets	$589M	$579M	$620M	$595M	$579M	$572M
Other non-current assets	$907M	$869M	$955M	$982M	$1B	$1.1B
Other Intangible Assets Net	$6.4B	$6.4B	$6.4B	$6.2B	$6B	$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	$579M	$620M	$595M	$579M	$572M
Operating Lease Right-of-Use Assets in Other Assets	$589M	$579M	$620M	$595M	$579M	$572M
Other non-current assets	$434M	$194M	$205M	$211M	$244M	$252M
Accumulated depreciation	$2.4B	$2.6B	$2.7B	$2.7B	$2.8B	$2.9B
Long-term Prepaid Supply Agreements	$123M	$126M	$133M	$126M	$119M	$120M
Property and equipment, net	$3.7B	$3.8B	$3.9B	$3.9B	$4B	$4B
Software and Technology Licenses, Net	$907M	$869M	$955M	$982M	$1B	$1.1B
Tax Credit Carryforward Valuation Allowance	$376M	—	—	—	$454M	—
Total assets	$28.7B	$28.3B	$26.1B	$25.8B	$25.5B	$25.1B

Equity

Metric	Q4 '24	Q1 '25	Q2 '25	Q3 '25	Q4 '25	Q1 '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 stock	500M	500M	500M	500M	500M	500M
Common Stock Par Value Per Share	$0.13	$0.13	$0.13	$0.13	$0.13	$0.13
Common Stock Shares Issued	275.7M	275.7M	275.7M	275.7M	275.7M	275.7M
Cumulative Gross Losses and Impairments	$4.9B	—	—	—	$6B	—
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	$35M	$35M	$35M	$35M	$35M	$35M
Treasury Stock, Value	$944M	$942M	$917M	$915M	$952M	$986M
Noncontrolling interests	$35M	$36M	$32M	$32M	$32M	$33M
Retained earnings	-$2.6B	-$3.7B	-$3.2B	-$3.3B	-$3.4B	-$3.4B
Share-Based Payment - Unrecognized Cost of Nonvested Awards	—	$66M	$105M	$86M	—	$58M
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	$944M	$942M	$917M	$915M	$952M	$986M

Other

Metric	Q4 '24	Q1 '25	Q2 '25	Q3 '25	Q4 '25	Q1 '26
Cumulative Cost Basis	$6.2B	$6.3B	$6.6B	$6.6B	$6.8B	$6.9B
Fair Value Measurement Disclosure	$129M	$131M	$255M	$249M	$242M	$220M
Gross Assets/Liabilities	$129M	$131M	$255M	$249M	$242M	$220M
Line of Credit Maximum Borrowing Capacity	—	—	—	—	—	$1.7B
Line of Credit Remaining Borrowing Capacity	—	—	—	—	—	$1.7B
Accounts receivable, factoring receivable program, maximum amount	—	—	—	—	$533M	—
Percentage of outstanding receivables by over 365 days	1.0%	1.0%	1.0%	1.0%	1.0%	1.0%
Reduction in accrual for interest and penalties	$16M	—	—	—	$26M	—
Capital in excess of par value related to deferred compensation plan	$15M	—	—	—	$9M	—
Accounts Receivable, Allowance for Credit Loss	$26M	$28M	$26M	$28M	$27M	$26M
The amount of pledged assets, principally PP&E to cover income tax and indirect tax assessments	—	—	—	—	$7M	—
Bank guarantees, commercial guarantees, standby letters of credit and surety bonds, facility amounts	$214M	—	—	—	$209M	—
Bank guarantees, standby letters of credit, and commercial guarantees, amount outstanding	$65M	$57M	$54M	$51M	$50M	$53M
Cash surrender value of life insurance policies	$52M	$52M	$53M	$55M	$57M	$56M
Commercial paper borrowings outstanding	$0	$292M	—	$370M	$314M	$154M
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)	$500M	$500M	$500M	$500M	$500M	$500M
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	$294M	—	—	—	$359M	—
Short-term debt and current portion of long-term debt	$1.4B	$1.7B	$500M	$1.3B	$1.3B	$1.1B
Long-term debt, gross	$9B	$9.3B	$6.2B	$6B	$6B	$5.8B
Deferred Tax Liabilities, Gross	$2B	—	—	—	$1.7B	—
Deferred income taxes	$1.6B	$1.5B	$1.4B	$1.3B	$1.4B	$1.4B
Deferred Tax Assets, Gross	$1B	—	—	—	$1.1B	—
Interest limitation	$226M	—	—	—	$205M	—
Lease obligations	$143M	—	—	—	$146M	—
Deferred Tax Assets Operating Loss Carryforwards Not Subject To Expiration	—	—	—	—	$231M	—
Deferred Tax Assets Operating Loss Carryforwards Subject To Expiration	—	—	—	—	$103M	—
Deferred Tax Assets, Tax Deferred Expense, Compensation and Benefits, Postretirement Benefits	$90M	—	—	—	$62M	—
Deferred Tax Assets, Valuation Allowance	$376M	—	—	—	$454M	—
Deferred Tax Liabilities, Net	$1.4B	—	—	—	$1.1B	—
Deferred taxes on deemed repatriation	$154M	—	—	—	$155M	—
Federal and state intangible assets	$1.5B	—	—	—	$1.2B	—
Deferred Tax Liabilities, Other	$5M	—	—	—	$0	—
Deferred Tax Liabilities, Property, Plant and Equipment	$195M	—	—	—	$203M	—
Deferred Tax Liabilities, Right-of-Use Assets	$132M	—	—	—	$138M	—
Derivative, gross, assets	$9M	$8M	$36M	$3M	$18M	$25M
Derivatives, gross, liabilities	$129M	$131M	$255M	$249M	$242M	$220M
Earnout and other post-closing adjustments receivable	$0	—	$100M	$100M	$139M	$46M
Unrecognized compensation cost related to non-vested awards	—	$66M	$105M	$86M	—	$58M
Equity method investments (Note 11)	$10M	$11M	$16M	$15M	$15M	$15M
Finance Lease Liability Payments Due	$30M	—	—	—	$36M	—
Finance Lease Liability Payments Due After Year Five	$0	—	—	—	$4M	—
2027	$11M	—	—	—	$14M	—
Finance Lease Liability Payments Due Year Five	$1M	—	—	—	$1M	—
Finance Lease Liability Payments Due Year Four	$2M	—	—	—	$2M	—
Finance Lease Liability Payments Due Year Three	$6M	—	—	—	$5M	—
Finance Lease Liability Payments Due Year Two	$10M	—	—	—	$10M	—
Finance Lease Liability Undiscounted Excess Amount	$2M	—	—	—	$4M	—
Finance Lease, Right-of-Use Asset, after Accumulated Amortization	$27M	$29M	$29M	$32M	$32M	$32M
Finite-Lived Intangible Assets, Accumulated Amortization	$2.8B	$3B	$3.2B	$3.3B	$3.5B	$3.6B
2028	$564M	$487M	$501M	$493M	$494M	$478M
2030	$467M	$439M	$451M	$444M	$444M	$437M
Remainder of 2026	—	$426M	$297M	$146M	—	$434M
2027	$567M	$572M	$589M	$581M	$582M	$492M
2029	$479M	$474M	$487M	$480M	$481M	$441M
Gross Carrying Amount	$9.2B	$9.4B	$9.7B	$9.5B	$9.5B	$9.5B
Goodwill accumulated impairment losses	$4.9B	—	—	—	$6B	—
Tax receivable within other current assets	$177M	$217M	$212M	$267M	$212M	$222M
Lessee, Operating and Finance Lease, Liability, to be Paid, Year Three	$90M	—	—	—	$93M	—
Lessee, Operating and Finance Lease, Liability, to be Paid, Year Five	$65M	—	—	—	$71M	—
Lessee, Operating and Finance Lease, Liability, to be Paid, Year Two	$106M	—	—	—	$112M	—
Lessee, Operating and Finance Lease, Liability, to be Paid, after Year Five	$328M	—	—	—	$326M	—
Lessee, Operating and Finance Lease, Liability, to be Paid, Year Four	$76M	—	—	—	$78M	—
Lessee, Operating and Finance Lease, Liability, to be Paid, Year One	$117M	—	—	—	$131M	—
Lessee, Operating and Finance Lease, Liability, Undiscounted Excess Amount	$138M	—	—	—	$154M	—
Lessee, Operating and Finance Lease, Payments, Due	$782M	—	—	—	$811M	—
Lessee Operating Lease Liability Payments Due	$752M	—	—	—	$775M	—
Committed Revolving Credit Facilities	—	—	—	—	—	$1.7B
Thereafter	$5.1B	—	—	—	$2.3B	—
2027	$1.4B	—	—	—	$940M	—
Minimum percentage chance of tax benefit realization in final settlement	50.0%	—	—	—	50.0%	—
Noncontrolling interests in subsidiaries	$35M	$36M	$32M	$32M	$32M	$33M
Operating and Finance Lease, Liability	$644M	—	—	—	$657M	—
Operating Loss Carryforwards	$267M	—	—	—	$334M	—
Operating Loss Carryforwards Valuation Allowance	$376M	—	—	—	$454M	—
Other	$196M	$134M	$112M	$199M	$155M	$168M
Pension And Other Postretirement And Postemployment Benefit Plans Liabilities Current	$12M	$13M	$13M	$14M	$13M	$14M
Prepaid expenses	$159M	$213M	$180M	$180M	$170M	$154M
Rebates and incentives payable	$111M	$94M	$98M	$104M	$103M	$88M
Restructuring Reserve	$3M	$17M	$28M	$33M	$36M	$23M
Treasury stock, shares (in shares)	$20M	$20M	$19.4M	$19.4M	$20M	$20.5M
Unrecognized tax benefits	$270M	—	—	—	$170M	—
Unrecognized tax benefits, including interest	$216M	—	—	—	$208M	—
Remainder of Fiscal Year 2024	—	$426M	$297M	$146M	—	$434M
Remainder of Fiscal Year 2025	—	$426M	$297M	$146M	—	$434M
Weighted-Average Discount Rate	4.6%	—	—	—	4.7%	—
Weighted-Average Discount Rate - Finance Leases	$0	—	—	—	$0	—

Non-Current Liabilities

Metric	Q4 '24	Q1 '25	Q2 '25	Q3 '25	Q4 '25	Q1 '26
Debt Maturity - 1 to 3 Years	$2B	—	—	—	$1.2B	—
Debt Maturity - 3 to 5 Years	$400M	—	—	—	$1.2B	—
Debt Maturity - Thereafter	$5.1B	—	—	—	$2.3B	—
Defined Benefit Pension Plan Liabilities (Non-Current)	$167M	$174M	$180M	$181M	$186M	$182M
Finance lease liabilities	$18M	—	—	—	$20M	—
Finance Lease Liabilities (Total)	$28M	—	—	—	$32M	—
Operating Lease Liability Payments - 2026 (Lessee)	$84M	—	—	—	$88M	—
Operating Lease Liability Payments - 2027 (Lessee)	$64M	—	—	—	$70M	—
Operating Lease Liability Payments - 2028 (Lessee)	$74M	—	—	—	$76M	—
Operating Lease Liability Payments - 2029 (Lessee)	$64M	—	—	—	$70M	—
Long-term debt	$9B	$7.6B	$5.7B	$4.7B	$6B	$4.7B
Other Accounts Payable and Accrued Liabilities	$203M	$226M	$318M	$304M	$283M	$261M
Retirement and nonpension postretirement benefit obligations	$167M	$174M	$180M	$181M	$186M	$182M
Operating Lease Liabilities (Total)	$632M	$535M	$571M	$548M	$533M	$524M
Other non-current liabilities	$627M	$592M	$680M	$611M	$582M	$548M
Total Carrying Value of Debt	$9B	$9.3B	$6.2B	$6B	$6B	$5.8B
Total noncurrent liabilities	$10.5B	$10.4B	$8.5B	$7.4B	$7.4B	$7.3B
Unrecognized Tax Benefits	$270M	—	—	—	$170M	—