| Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | Dec'11 | Dec'10 | Dec'09 | Dec'08 |
|---|---|---|---|---|---|---|---|---|---|---|---|
Net sales | |||||||||||
5,140 | 3,977 | 3,398 | 3,116 | 3,023 | 3,088 | 2,952 | 2,821 | 2,788 | 2,622 | 2,326 | 2,389 |
Cost of goods sold | |||||||||||
3,027 | 2,294 | 1,926 | 1,720 | 1,671 | 1,726 | 1,668 | 1,645 | 1,683 | 1,530 | 1,391 | 1,418 |
Gross profit | |||||||||||
2,112 | 1,682 | 1,472 | 1,395 | 1,351 | 1,362 | 1,284 | 1,175 | - | - | - | - |
Research and development expenses | |||||||||||
346 | 311 | 295 | 258 | 246 | 253 | 259 | 233 | 219 | 218 | 184 | 196 |
Selling and administrative expenses | |||||||||||
876 | 707 | 570 | 572 | 494 | 507 | 505 | 453 | 443 | 447 | 390 | 400 |
Amortization of acquisition-related intangibles | |||||||||||
193 | 75 | 34 | 23 | 15 | 7 | - | - | - | - | - | - |
Restructuring and other charges, net | |||||||||||
29 | 5 | 19 | -1 | 7 | 1 | 2 | 1 | 13 | 10 | 18 | 18 |
Losses (gains) on sales of fixed assets | |||||||||||
-2 | 1 | 0 | 10 | 0 | 0 | - | - | - | - | - | - |
Operating profit | |||||||||||
665 | 583 | 552 | 552 | 588 | 592 | 516 | 486 | - | - | - | - |
Interest expense | |||||||||||
138 | 132 | 65 | 52 | 46 | 46 | 46 | 41 | 44 | 48 | 61 | 74 |
Loss on extinguishment of debt | |||||||||||
0 | -38 | 0 | 0 | - | - | - | - | - | - | - | - |
Other loss (income), net | |||||||||||
30 | 35 | 49 | 23 | -3 | 2 | 15 | -1 | -9 | -8 | -1 | 2 |
Total cost and expense | |||||||||||
- | - | - | - | - | - | - | - | 2,414 | 2,263 | 2,049 | 2,105 |
Income before taxes | |||||||||||
557 | 447 | 537 | 523 | 539 | 549 | 485 | 443 | 373 | 359 | 276 | 283 |
Taxes on income | |||||||||||
97 | 107 | 241 | 118 | 119 | 134 | 131 | 189 | 106 | 96 | 81 | 54 |
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest | |||||||||||
460 | 339 | 295 | 405 | - | - | - | - | - | - | - | - |
Net income attributable to noncontrolling interests | |||||||||||
4 | 2 | 0 | 0 | - | - | - | - | - | - | - | - |
Net income attributable to IFF stockholders | |||||||||||
- | - | - | 405 | 419 | 414 | 353 | 254 | 266 | 263 | 195 | 229 |
Other comprehensive (loss) income, after tax: | |||||||||||
Foreign currency translation adjustments | |||||||||||
23 | -99 | 54 | -54 | -124 | -69 | -10 | 17 | -36 | -6 | 81 | -116 |
Gains (losses) on derivatives qualifying as hedges | |||||||||||
-2 | 15 | -17 | -1 | -2 | 16 | -3 | -4 | 8 | -1 | 1 | -1 |
Pension and postretirement net liability | |||||||||||
35 | -19 | -5 | 10 | -54 | 95 | -25 | 41 | 71 | -3 | -28 | -61 |
Comprehensive (loss) income attributable to IFF stockholders | |||||||||||
441 | 272 | 338 | 338 | 346 | 266 | 364 | 225 | 166 | 259 | 249 | 48 |
Net income per share - basic (in dollars per share) | |||||||||||
4.05 | 3.81 | 3.73 | 5.07 | 5.19 | 5.09 | 4.32 | 3.11 | 3.30 | 3.29 | 2.48 | 2.89 |
Net income per share - diluted (in dollars per share) | |||||||||||
4.00 | 3.79 | 3.72 | 5.05 | 5.16 | 5.06 | 4.29 | 3.09 | 3.26 | 3.26 | 2.46 | 2.86 |
Average number of shares outstanding - basic (in shares) | |||||||||||
111 | 87 | 79 | 79 | 80 | - | - | - | - | - | - | - |
Average number of shares outstanding - diluted (in shares) | |||||||||||
113 | 88 | 79 | 79 | 80 | - | - | - | - | - | - | - |
Dividends declared per share, in dollars per share | |||||||||||
- | - | - | - | 2.06 | - | - | - | - | - | - | - |