Q - INTERNATIONAL FLAVORS & FRAGRANCES
For the period ended Jun 30, 2025. Filed Aug 5, 2025.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Jun 30, 2025 · Filed Aug 5, 2025
IFF$83.17-1.5%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Balance Sheets - June 30, 202 and December 31,
CONSOLIDATED BALANCE SHEETS
| (DOLLARS AND SHARES IN MILLIONS EXCEPT PER SHARE AMOUNTS) | June 30, 2025 | December 31, 2024 |
|---|---|---|
| ASSETS | ||
| Current Assets: | ||
| Cash and cash equivalents | $816 | $469 |
| Trade receivables (net of allowances of $26 and $26, respectively) | 1,801 | 1,624 |
| Inventories | 2,371 | 2,133 |
| Assets held for sale | — | 3,030 |
| Prepaid expenses and other current assets | 940 | 737 |
| Total Current Assets | 5,928 | 7,993 |
| Property, plant and equipment, net | 3,905 | 3,739 |
| Goodwill | 8,283 | 9,080 |
| Other intangible assets, net | 6,430 | 6,445 |
| Operating lease right-of-use assets | 620 | 573 |
| Other assets | 955 | 837 |
| Total Assets | $26,121 | $28,667 |
| LIABILITIES AND SHAREHOLDERS’ EQUITY | ||
| Current Liabilities: | ||
| Short-term debt and current portion of long-term debt | $500 | $1,413 |
| Accounts payable | 1,348 | 1,283 |
| Accrued payroll and bonus | 258 | 420 |
| Dividends payable | 102 | 102 |
| Liabilities held for sale | — | 332 |
| Other current liabilities | 975 | 783 |
| Total Current Liabilities | 3,183 | 4,333 |
| Other Liabilities: | ||
| Long-term debt | 5,684 | 7,564 |
| Retirement liabilities | 180 | 167 |
| Deferred income taxes | 1,387 | 1,592 |
| Operating lease liabilities | 571 | 534 |
| Other liabilities | 680 | 566 |
| Total Other Liabilities | 8,502 | 10,423 |
| Commitments and Contingencies (Note 17) | ||
| Shareholders’ Equity: | ||
| 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 | 35 |
| Capital in excess of par value | 19,916 | 19,917 |
| Accumulated deficit | (3,215) | (2,605) |
| Accumulated other comprehensive loss | (1,415) | (2,527) |
| Treasury stock, at cost (19.4 and 20.0 shares as of June 30, 2025 and December 31, 2024, respectively) | (917) | (944) |
| Total Shareholders’ Equity | 14,404 | 13,876 |
| Non-controlling interests | 32 | 35 |
| Total Shareholders’ Equity including Non-controlling interests | 14,436 | 13,911 |
| Total Liabilities and Shareholders’ Equity | $26,121 | $28,667 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.