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In millions, except per share items | Dec-31-22 | Dec-31-21 | Dec-31-20 | Dec-31-19 | Dec-31-18 | Dec-31-17 | Dec-31-16 | Dec-31-15 |
| 10-K | 10-K | 10-K | 10-K | 10-K | 10-K | 10-K | 10-K |
Net sales | 12,440.0 | 11,656.0 | 5,084.0 | 5,140.0 | 3,977.5 | 3,398.7 | 3,116.4 | 3,023.2 |
Net sales growth | 6.7% | 129.3% | -1.1% | 29.2% | 17.0% | 9.1% | 3.1% | -2.1% |
Cost of goods sold | 8,289.0 | 7,921.0 | 2,998.0 | 3,027.0 | 2,294.8 | 1,926.3 | | |
Gross profit | 4,151.0 | 3,735.0 | 2,086.0 | 2,113.0 | 1,682.7 | 1,472.5 | 1,395.6 | 1,351.6 |
Gross margin | 33.4% | 32.0% | 41.0% | 41.1% | 42.3% | 43.3% | 44.8% | 44.7% |
Research and development expenses | 603.0 | 629.0 | 357.0 | 346.0 | 311.6 | 295.5 | 258.9 | 246.1 |
Selling and administrative expenses | 1,768.0 | 1,749.0 | 949.0 | 876.0 | 707.5 | 570.1 | 572.5 | 494.5 |
Amortization of acquisition-related intangibles | 727.0 | 732.0 | 193.0 | 193.0 | 75.9 | 34.7 | 23.8 | 15.0 |
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Impairment of goodwill | | | | | | | | |
Restructuring and other charges | 12.0 | 41.0 | 17.0 | 30.0 | 5.1 | 19.7 | -1.7 | 7.6 |
Gain (Loss) on Disposition of Assets | -3.0 | -1.0 | 4.0 | 3.0 | -1.2 | -0.2 | -10.8 | |
Operating profit | -1,326.0 | 585.0 | 566.0 | 665.0 | 583.9 | 552.6 | 553.0 | 588.3 |
Operating margin | -10.7% | 5.0% | 11.1% | 12.9% | 14.7% | 16.3% | 17.7% | 19.5% |
Interest expense | -336.0 | -289.0 | -132.0 | -138.0 | -132.6 | -65.4 | -53.0 | -46.1 |
Other (income) expense, net | -37.0 | -58.0 | -7.0 | -30.0 | -35.2 | -49.8 | -23.8 | 3.2 |
Provision for income taxes | 239.0 | 75.0 | 74.0 | 97.0 | 108.0 | 241.4 | 118.7 | 119.9 |
Net income | -1,864.0 | 279.0 | 367.0 | 460.0 | 339.8 | 295.7 | | |
Net income attributable to non-controlling interests | -7.0 | -9.0 | -4.0 | -4.0 | -2.5 | | | |
Net income attributable to IFF shareholders | | | | | | | 405.0 | 419.2 |
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Net income per share - basic (in dollars per share) | ($7.32) | $1.11 | $3.25 | $4.05 | $3.81 | $3.73 | $5.07 | $5.19 |
Net income per share - diluted (in dollars per share) | ($7.32) | $1.10 | $3.21 | $4.00 | $3.79 | $3.72 | $5.05 | $5.16 |
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Average number of shares outstanding - basic (in shares) | 255.0 | 243.0 | 112.0 | 112.0 | 87.6 | 79.1 | 79.6 | 80.4 |
Average number of shares outstanding - diluted (in shares) | 255.0 | 243.0 | 114.0 | 113.0 | 88.1 | 79.4 | 80.0 | 80.9 |
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Dividends declared per share, in dollars per share | $3.20 | $3.12 | $3.04 | $2.96 | $2.84 | $2.66 | $2.40 | $2.06 |
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Other comprehensive income (loss), after tax: | | | | | | | | |
Foreign currency translation adjustments | -904.0 | -848.0 | 88.0 | 24.0 | -99.6 | 54.6 | -54.5 | -124.2 |
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Gains on derivatives qualifying as hedges | | | | | | | | |
Pension and postretirement liability adjustment | | | | | | | | |
Net current period other comprehensive income (loss) | | | | | | | | |
Comprehensive income (loss) | | | | | | | | |
Comprehensive income (loss) attributable to IFF shareholders | -2,617.0 | -455.0 | 382.0 | 441.0 | 272.6 | 338.3 | 338.4 | 346.2 |
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