10-Q Filing

INTERNATIONAL FLAVORS & FRAGRANCES INC CIK: 51253 Q2 2021

Filing Information

Form Type	10-Q
Accession Number	`0000051253-21-000038`
Period End Date	20210630
Filing Date	20210805
Fiscal Year	2021
Fiscal Period	Q2
XBRL Instance	iff-20210630_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 104 Income Statement 100 Cash Flow Statement 76 Stockholders Equity 79

Balance Sheet 104 line items

Line Item	Tag	Value	Unit	Period
Trade receivables allowances	`AllowanceForDoubtfulAccountsReceivable`	$21.00M	USD	Point-in-time
Trade receivables allowances	`AllowanceForDoubtfulAccountsReceivable`	$42.00M	USD	Point-in-time
Common stock, par value, in dollars per share	`CommonStockParOrStatedValuePerShare`	$0.12	USD	Point-in-time
Common stock, par value, in dollars per share	`CommonStockParOrStatedValuePerShare`	$0.12	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	500.00M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$498.00M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$650.00M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$607.00M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	500.00M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$935.00M	USD	Point-in-time
Restricted cash	`RestrictedCashCurrent`	$7.00M	USD	Point-in-time
Restricted cash	`RestrictedCashCurrent`	$7.00M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	128.53M	shares	Point-in-time
Restricted cash	`RestrictedCashCurrent`	$17.00M	USD	Point-in-time
Restricted cash	`RestrictedCashCurrent`	$10.00M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	128.53M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	128.53M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	128.53M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	270.27M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	270.27M	shares	Point-in-time
Trade receivables (net of allowances of $42 and $21, respectively)	`ReceivablesNetCurrent`	$2.06B	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	106.94M	shares	Point-in-time
Trade receivables (net of allowances of $42 and $21, respectively)	`ReceivablesNetCurrent`	$929.00M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	249.05M	shares	Point-in-time
Treasury stock, shares at cost	`SharesOutstanding`	21.59M	shares	Point-in-time
Treasury stock, shares at cost	`SharesOutstanding`	21.22M	shares	Point-in-time
Raw materials	`InventoryRawMaterialsNetOfReserves`	$836.00M	USD	Point-in-time
Raw materials	`InventoryRawMaterialsNetOfReserves`	$566.00M	USD	Point-in-time
Work in process	`InventoryWorkInProcessNetOfReserves`	$304.00M	USD	Point-in-time
Work in process	`InventoryWorkInProcessNetOfReserves`	$38.00M	USD	Point-in-time
Finished goods	`InventoryFinishedGoodsNetOfReserves`	$528.00M	USD	Point-in-time
Finished goods	`InventoryFinishedGoodsNetOfReserves`	$1.32B	USD	Point-in-time
Total Inventories	`InventoryNet`	$2.46B	USD	Point-in-time
Total Inventories	`InventoryNet`	$1.13B	USD	Point-in-time
Prepaid expenses and other current assets	`OtherAssetsCurrent`	$832.00M	USD	Point-in-time
Prepaid expenses and other current assets	`OtherAssetsCurrent`	$342.00M	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$3.06B	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$6.30B	USD	Point-in-time
Property, plant and equipment, at cost	`PropertyPlantAndEquipmentGross`	$2.93B	USD	Point-in-time
Property, plant and equipment, at cost	`PropertyPlantAndEquipmentGross`	$6.15B	USD	Point-in-time
Accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$1.47B	USD	Point-in-time
Accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$1.58B	USD	Point-in-time
Total Property Plant and Equipment	`PropertyPlantAndEquipmentNet`	$4.57B	USD	Point-in-time
Total Property Plant and Equipment	`PropertyPlantAndEquipmentNet`	$1.46B	USD	Point-in-time
Goodwill	`Goodwill`	$5.59B	USD	Point-in-time
Goodwill	`Goodwill`	$17.25B	USD	Point-in-time
Other intangible assets, net	`FiniteLivedIntangibleAssetsNet`	$11.45B	USD	Point-in-time
Other intangible assets, net	`FiniteLivedIntangibleAssetsNet`	$2.73B	USD	Point-in-time
Operating lease right-of-use assets	`OperatingLeaseRightOfUseAsset`	$785.00M	USD	Point-in-time
Operating lease right-of-use assets	`OperatingLeaseRightOfUseAsset`	$299.00M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$518.00M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$418.00M	USD	Point-in-time
Total Assets	`Assets`	$40.86B	USD	Point-in-time
Total Assets	`Assets`	$13.55B	USD	Point-in-time
Bank borrowings, overdrafts, and current portion of long-term debt	`DebtCurrent`	$634.00M	USD	Point-in-time
Bank borrowings, overdrafts, and current portion of long-term debt	`DebtCurrent`	$616.00M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$1.39B	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$556.00M	USD	Point-in-time
Accrued payroll and bonus	`EmployeeRelatedLiabilitiesCurrent`	$241.00M	USD	Point-in-time
Accrued payroll and bonus	`EmployeeRelatedLiabilitiesCurrent`	$133.00M	USD	Point-in-time
Dividends payable	`DividendsPayableCurrent`	$191.00M	USD	Point-in-time
Dividends payable	`DividendsPayableCurrent`	$82.00M	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$499.00M	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$790.00M	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$1.90B	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$3.23B	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$11.35B	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$3.78B	USD	Point-in-time
Retirement liabilities	`PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent`	$550.00M	USD	Point-in-time
Retirement liabilities	`PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent`	$326.00M	USD	Point-in-time
Deferred income taxes	`DeferredIncomeTaxLiabilitiesNet`	$593.00M	USD	Point-in-time
Deferred income taxes	`DeferredIncomeTaxLiabilitiesNet`	$2.67B	USD	Point-in-time
Operating lease liability	`OperatingLeaseLiability`	$265.00M	USD	Point-in-time
Operating lease liability	`OperatingLeaseLiability`	$682.00M	USD	Point-in-time
Other liabilities	`OtherLiabilitiesNoncurrent`	$477.00M	USD	Point-in-time
Other liabilities	`OtherLiabilitiesNoncurrent`	$268.00M	USD	Point-in-time
Total Other Liabilities	`LiabilitiesNoncurrent`	$15.74B	USD	Point-in-time
Total Other Liabilities	`LiabilitiesNoncurrent`	$5.23B	USD	Point-in-time
Commitments and Contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and Contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Redeemable noncontrolling interests	`RedeemableNoncontrollingInterestEquityCarryingAmount`	$100.00M	USD	Point-in-time
Redeemable noncontrolling interests	`RedeemableNoncontrollingInterestEquityCarryingAmount`	$98.00M	USD	Point-in-time
Common stock 12 1/2 par value; 500,000,000 shares authorized; 270,266,598 shares issued as of June 30, 2021 and 128,526,137 shares issued as of December 31, 2020; and 249,050,541 and 106,937,990 shares outstanding as of June 30, 2021 and December 31, 2020, respectively	`CommonStockValue`	$16.00M	USD	Point-in-time
Common stock 12 1/2 par value; 500,000,000 shares authorized; 270,266,598 shares issued as of June 30, 2021 and 128,526,137 shares issued as of December 31, 2020; and 249,050,541 and 106,937,990 shares outstanding as of June 30, 2021 and December 31, 2020, respectively	`CommonStockValue`	$34.00M	USD	Point-in-time
Capital in excess of par value	`AdditionalPaidInCapitalCommonStock`	$19.80B	USD	Point-in-time
Capital in excess of par value	`AdditionalPaidInCapitalCommonStock`	$3.85B	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$3.76B	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$4.16B	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-834.00M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-698.00M	USD	Point-in-time
Treasury stock, at cost (21,216,057 and 21,588,147 shares as of June 30, 2021 and December 31, 2020, respectively)	`TreasuryStockValue`	$1.02B	USD	Point-in-time
Treasury stock, at cost (21,216,057 and 21,588,147 shares as of June 30, 2021 and December 31, 2020, respectively)	`TreasuryStockValue`	$998.00M	USD	Point-in-time
Total Shareholders Equity	`StockholdersEquity`	$6.31B	USD	Point-in-time
Total Shareholders Equity	`StockholdersEquity`	$21.76B	USD	Point-in-time
Noncontrolling interest	`MinorityInterest`	$39.00M	USD	Point-in-time
Noncontrolling interest	`MinorityInterest`	$12.00M	USD	Point-in-time
Total Shareholders Equity including Noncontrolling interest	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$6.00B	USD	Point-in-time
Total Shareholders Equity including Noncontrolling interest	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$6.23B	USD	Point-in-time
Total Shareholders Equity including Noncontrolling interest	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$5.84B	USD	Point-in-time
Total Shareholders Equity including Noncontrolling interest	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$21.80B	USD	Point-in-time
Total Shareholders Equity including Noncontrolling interest	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$6.32B	USD	Point-in-time
Total Shareholders Equity including Noncontrolling interest	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$21.68B	USD	Point-in-time
Total Liabilities and Shareholders Equity	`LiabilitiesAndStockholdersEquity`	$13.55B	USD	Point-in-time
Total Liabilities and Shareholders Equity	`LiabilitiesAndStockholdersEquity`	$40.86B	USD	Point-in-time

Income Statement 100 line items

Line Item	Tag	Value	Unit	Period
Net sales	`RevenueFromContractWithCustomerExcludingAssessedTax`	$1.20B	USD	1 Quarter
Net sales	`RevenueFromContractWithCustomerExcludingAssessedTax`	$2.55B	USD	2 Qtrs
Net sales	`RevenueFromContractWithCustomerExcludingAssessedTax`	$3.09B	USD	1 Quarter
Net sales	`RevenueFromContractWithCustomerExcludingAssessedTax`	$5.55B	USD	2 Qtrs
Cost of goods sold	`CostOfGoodsAndServicesSold`	$3.89B	USD	2 Qtrs
Cost of goods sold	`CostOfGoodsAndServicesSold`	$2.18B	USD	1 Quarter
Cost of goods sold	`CostOfGoodsAndServicesSold`	$1.50B	USD	2 Qtrs
Cost of goods sold	`CostOfGoodsAndServicesSold`	$717.00M	USD	1 Quarter
Gross profit	`GrossProfit`	$1.66B	USD	2 Qtrs
Gross profit	`GrossProfit`	$1.05B	USD	2 Qtrs
Gross profit	`GrossProfit`	$482.00M	USD	1 Quarter
Gross profit	`GrossProfit`	$910.00M	USD	1 Quarter
Research and development expenses	`ResearchAndDevelopmentExpense`	$164.00M	USD	1 Quarter
Research and development expenses	`ResearchAndDevelopmentExpense`	$81.00M	USD	1 Quarter
Research and development expenses	`ResearchAndDevelopmentExpense`	$167.00M	USD	2 Qtrs
Research and development expenses	`ResearchAndDevelopmentExpense`	$307.00M	USD	2 Qtrs
Selling and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$863.00M	USD	2 Qtrs
Selling and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$412.00M	USD	1 Quarter
Selling and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$230.00M	USD	1 Quarter
Selling and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$460.00M	USD	2 Qtrs
Amortization of acquisition-related intangibles	`AmortizationOfIntangibleAssets`	$97.00M	USD	2 Qtrs
Amortization of acquisition-related intangibles	`AmortizationOfIntangibleAssets`	$200.00M	USD	1 Quarter
Amortization of acquisition-related intangibles	`AmortizationOfIntangibleAssets`	$352.00M	USD	2 Qtrs
Amortization of acquisition-related intangibles	`AmortizationOfIntangibleAssets`	$49.00M	USD	1 Quarter
Restructuring and other charges	`RestructuringCharges`	$7.00M	USD	2 Qtrs
Restructuring and other charges	`RestructuringCharges`	$24.00M	USD	1 Quarter
Restructuring and other charges	`RestructuringCharges`	$2.00M	USD	1 Quarter
Restructuring and other charges	`RestructuringCharges`	$28.00M	USD	2 Qtrs
Losses on sales of fixed assets	`GainLossOnSaleOfPropertyPlantEquipment`	$-1.00M	USD	2 Qtrs
Losses on sales of fixed assets	`GainLossOnSaleOfPropertyPlantEquipment`	-	USD	2 Qtrs
Losses on sales of fixed assets	`GainLossOnSaleOfPropertyPlantEquipment`	-	USD	1 Quarter
Losses on sales of fixed assets	`GainLossOnSaleOfPropertyPlantEquipment`	-	USD	1 Quarter
Operating profit	`OperatingIncomeLoss`	$110.00M	USD	1 Quarter
Operating profit	`OperatingIncomeLoss`	$114.00M	USD	2 Qtrs
Operating profit	`OperatingIncomeLoss`	$120.00M	USD	1 Quarter
Operating profit	`OperatingIncomeLoss`	$316.00M	USD	2 Qtrs
Interest expense	`InterestExpense`	$142.00M	USD	2 Qtrs
Interest expense	`InterestExpense`	$64.00M	USD	2 Qtrs
Interest expense	`InterestExpense`	$32.00M	USD	1 Quarter
Interest expense	`InterestExpense`	$77.00M	USD	1 Quarter
Other income, net	`OtherNonoperatingIncomeExpense`	$5.00M	USD	2 Qtrs
Other income, net	`OtherNonoperatingIncomeExpense`	$18.00M	USD	2 Qtrs
Other income, net	`OtherNonoperatingIncomeExpense`	$16.00M	USD	1 Quarter
Other income, net	`OtherNonoperatingIncomeExpense`	$11.00M	USD	1 Quarter
Income (loss) before taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$104.00M	USD	1 Quarter
Income (loss) before taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$44.00M	USD	1 Quarter
Income (loss) before taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-10.00M	USD	2 Qtrs
Income (loss) before taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$257.00M	USD	2 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	$42.00M	USD	2 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	$14.00M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	-	USD	2 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	$16.00M	USD	1 Quarter
Net income (loss)	`ProfitLoss`	$-10.00M	USD	2 Qtrs
Net income (loss)	`ProfitLoss`	$88.00M	USD	1 Quarter
Net income (loss)	`ProfitLoss`	$30.00M	USD	1 Quarter
Net income (loss)	`ProfitLoss`	$215.00M	USD	2 Qtrs
Net income attributable to noncontrolling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$1.00M	USD	1 Quarter
Net income attributable to noncontrolling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$4.00M	USD	2 Qtrs
Net income attributable to noncontrolling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$2.00M	USD	1 Quarter
Net income attributable to noncontrolling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$4.00M	USD	2 Qtrs
Net income (loss) attributable to IFF stockholders	`NetIncomeLoss`	$28.00M	USD	1 Quarter
Net income (loss) attributable to IFF stockholders	`NetIncomeLoss`	$87.00M	USD	1 Quarter
Net income (loss) attributable to IFF stockholders	`NetIncomeLoss`	$211.00M	USD	2 Qtrs
Net income (loss) attributable to IFF stockholders	`NetIncomeLoss`	$-14.00M	USD	2 Qtrs
Foreign currency translation adjustments	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$263.00M	USD	1 Quarter
Foreign currency translation adjustments	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$147.00M	USD	1 Quarter
Foreign currency translation adjustments	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-305.00M	USD	2 Qtrs
Foreign currency translation adjustments	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-154.00M	USD	2 Qtrs
Gains (losses) on derivatives qualifying as hedges	`OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax`	$2.00M	USD	1 Quarter
Gains (losses) on derivatives qualifying as hedges	`OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax`	$-2.00M	USD	2 Qtrs
Gains (losses) on derivatives qualifying as hedges	`OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax`	$-3.00M	USD	1 Quarter
Gains (losses) on derivatives qualifying as hedges	`OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax`	$6.00M	USD	2 Qtrs
Pension and postretirement net liability	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax`	$-3.00M	USD	1 Quarter
Pension and postretirement net liability	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax`	$-7.00M	USD	2 Qtrs
Pension and postretirement net liability	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax`	$-12.00M	USD	2 Qtrs
Pension and postretirement net liability	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax`	$-3.00M	USD	1 Quarter
Net current period other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTax`	$268.00M	USD	1 Quarter
Net current period other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTax`	$-300.00M	USD	2 Qtrs
Net current period other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTax`	$-136.00M	USD	2 Qtrs
Net current period other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTax`	$147.00M	USD	1 Quarter
Comprehensive income (loss) attributable to IFF stockholders	`ComprehensiveIncomeNetOfTax`	$-150.00M	USD	2 Qtrs
Comprehensive income (loss) attributable to IFF stockholders	`ComprehensiveIncomeNetOfTax`	$296.00M	USD	1 Quarter
Comprehensive income (loss) attributable to IFF stockholders	`ComprehensiveIncomeNetOfTax`	$-89.00M	USD	2 Qtrs
Comprehensive income (loss) attributable to IFF stockholders	`ComprehensiveIncomeNetOfTax`	$234.00M	USD	1 Quarter
Net income per share - basic (in dollars per share)	`EarningsPerShareBasic`	$0.75	USD	1 Quarter
Net income per share - basic (in dollars per share)	`EarningsPerShareBasic`	$0.11	USD	1 Quarter
Net income per share - basic (in dollars per share)	`EarningsPerShareBasic`	$1.91	USD	2 Qtrs
Net income per share - basic (in dollars per share)	`EarningsPerShareBasic`	$-0.06	USD	2 Qtrs
Net income per share - diluted (in dollars per share)	`EarningsPerShareDiluted`	$1.89	USD	2 Qtrs
Net income per share - diluted (in dollars per share)	`EarningsPerShareDiluted`	$-0.06	USD	2 Qtrs
Net income per share - diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.74	USD	1 Quarter
Net income per share - diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.11	USD	1 Quarter
Average number of shares outstanding - basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	112.00M	shares	2 Qtrs
Average number of shares outstanding - basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	230.00M	shares	2 Qtrs
Average number of shares outstanding - basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	254.00M	shares	1 Quarter
Average number of shares outstanding - basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	112.00M	shares	1 Quarter
Average number of shares outstanding - diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	255.00M	shares	1 Quarter
Average number of shares outstanding - diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	230.00M	shares	2 Qtrs
Average number of shares outstanding - diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	114.00M	shares	2 Qtrs
Average number of shares outstanding - diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	114.00M	shares	1 Quarter

Cash Flow Statement 76 line items

Line Item	Tag	Value	Unit	Period
Net (loss) income	`ProfitLoss`	$-10.00M	USD	2 Qtrs
Net (loss) income	`ProfitLoss`	$88.00M	USD	1 Quarter
Net (loss) income	`ProfitLoss`	$30.00M	USD	1 Quarter
Net (loss) income	`ProfitLoss`	$215.00M	USD	2 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$161.00M	USD	2 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$564.00M	USD	2 Qtrs
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$-8.00M	USD	2 Qtrs
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$-137.00M	USD	2 Qtrs
Losses on sale of assets	`GainLossOnDispositionOfAssets`	-	USD	2 Qtrs
Losses on sale of assets	`GainLossOnDispositionOfAssets`	$-1.00M	USD	2 Qtrs
Stock-based compensation	`ShareBasedCompensation`	$19.00M	USD	2 Qtrs
Stock-based compensation	`ShareBasedCompensation`	$27.00M	USD	2 Qtrs
Pension contributions	`PensionContributions`	$14.00M	USD	2 Qtrs
Pension contributions	`PensionContributions`	$12.00M	USD	2 Qtrs
Amortization of inventory step-up	`AmortizationOfInventoryStepUp`	$377.00M	USD	2 Qtrs
Amortization of inventory step-up	`AmortizationOfInventoryStepUp`	-	USD	2 Qtrs
Trade receivables	`IncreaseDecreaseInAccountsReceivable`	$132.00M	USD	2 Qtrs
Trade receivables	`IncreaseDecreaseInAccountsReceivable`	$205.00M	USD	2 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$130.00M	USD	2 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$67.00M	USD	2 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$62.00M	USD	2 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$250.00M	USD	2 Qtrs
Accruals for incentive compensation	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$7.00M	USD	2 Qtrs
Accruals for incentive compensation	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$7.00M	USD	2 Qtrs
Other current payables and accrued expenses	`IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities`	$-30.00M	USD	2 Qtrs
Other current payables and accrued expenses	`IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities`	$32.00M	USD	2 Qtrs
Other assets/liabilities, net	`IncreaseDecreaseInOtherOperatingCapitalNet`	$6.00M	USD	2 Qtrs
Other assets/liabilities, net	`IncreaseDecreaseInOtherOperatingCapitalNet`	$65.00M	USD	2 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$698.00M	USD	2 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$208.00M	USD	2 Qtrs
Additions to property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$80.00M	USD	2 Qtrs
Additions to property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$165.00M	USD	2 Qtrs
Proceeds from life insurance contracts	`ProceedsFromTerminationOfLifeInsuranceContracts`	-	USD	2 Qtrs
Proceeds from life insurance contracts	`ProceedsFromTerminationOfLifeInsuranceContracts`	$2.00M	USD	2 Qtrs
Proceeds from disposal of assets	`ProceedsFromSaleOfProductiveAssets`	$2.00M	USD	2 Qtrs
Proceeds from disposal of assets	`ProceedsFromSaleOfProductiveAssets`	$1.00M	USD	2 Qtrs
Cash acquired	`CashAcquiredFromAcquisition`	-	USD	2 Qtrs
Cash acquired	`CashAcquiredFromAcquisition`	$193.00M	USD	2 Qtrs
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-77.00M	USD	2 Qtrs
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$30.00M	USD	2 Qtrs
Cash dividends paid to shareholders	`PaymentsOfDividendsCommonStock`	$274.00M	USD	2 Qtrs
Cash dividends paid to shareholders	`PaymentsOfDividendsCommonStock`	$160.00M	USD	2 Qtrs
Decrease in revolving credit facility and short-term borrowings	`ProceedsFromRepaymentsOfShortTermDebt`	$-104.00M	USD	2 Qtrs
Decrease in revolving credit facility and short-term borrowings	`ProceedsFromRepaymentsOfShortTermDebt`	$-1.00M	USD	2 Qtrs
Repayments on debt	`RepaymentsOfLongTermDebt`	$23.00M	USD	2 Qtrs
Repayments on debt	`RepaymentsOfLongTermDebt`	$24.00M	USD	2 Qtrs
Proceeds from issuance of long-term debt	`ProceedsFromIssuanceOfLongTermDebt`	$3.00M	USD	2 Qtrs
Proceeds from issuance of long-term debt	`ProceedsFromIssuanceOfLongTermDebt`	-	USD	2 Qtrs
Contingent consideration paid	`PaymentForContingentConsiderationLiabilityFinancingActivities`	$1.00M	USD	2 Qtrs
Contingent consideration paid	`PaymentForContingentConsiderationLiabilityFinancingActivities`	$14.00M	USD	2 Qtrs
Purchases of redeemable noncontrolling interest	`PaymentsForRepurchaseOfRedeemableNoncontrollingInterest`	$22.00M	USD	2 Qtrs
Purchases of redeemable noncontrolling interest	`PaymentsForRepurchaseOfRedeemableNoncontrollingInterest`	-	USD	2 Qtrs
Proceeds from issuance of stock in connection with stock options	`ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions`	-	USD	2 Qtrs
Proceeds from issuance of stock in connection with stock options	`ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions`	$5.00M	USD	2 Qtrs
Employee withholding taxes paid	`ExcessTaxBenefitFromShareBasedCompensationFinancingActivities`	$-19.00M	USD	2 Qtrs
Employee withholding taxes paid	`ExcessTaxBenefitFromShareBasedCompensationFinancingActivities`	$-8.00M	USD	2 Qtrs
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-215.00M	USD	2 Qtrs
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-427.00M	USD	2 Qtrs
Effect of exchange rate changes on cash, cash equivalents and restricted cash	`EffectOfExchangeRateOnCashAndCashEquivalents`	$-18.00M	USD	2 Qtrs
Effect of exchange rate changes on cash, cash equivalents and restricted cash	`EffectOfExchangeRateOnCashAndCashEquivalents`	$-28.00M	USD	2 Qtrs
Net change in cash, cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-112.00M	USD	2 Qtrs
Net change in cash, cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$283.00M	USD	2 Qtrs
Cash, cash equivalents and restricted cash at beginning of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$943.00M	USD	Point-in-time
Cash, cash equivalents and restricted cash at beginning of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$512.00M	USD	Point-in-time
Cash, cash equivalents and restricted cash at beginning of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$660.00M	USD	Point-in-time
Cash, cash equivalents and restricted cash at beginning of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$624.00M	USD	Point-in-time
Cash, cash equivalents and restricted cash at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$943.00M	USD	Point-in-time
Cash, cash equivalents and restricted cash at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$512.00M	USD	Point-in-time
Cash, cash equivalents and restricted cash at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$660.00M	USD	Point-in-time
Cash, cash equivalents and restricted cash at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$624.00M	USD	Point-in-time
Interest paid, net of amounts capitalized	`InterestPaidNet`	$160.00M	USD	2 Qtrs
Interest paid, net of amounts capitalized	`InterestPaidNet`	$57.00M	USD	2 Qtrs
Income taxes paid	`IncomeTaxesPaid`	$58.00M	USD	2 Qtrs
Income taxes paid	`IncomeTaxesPaid`	$134.00M	USD	2 Qtrs
Accrued capital expenditures	`CapitalExpendituresIncurredButNotYetPaid`	$36.00M	USD	2 Qtrs
Accrued capital expenditures	`CapitalExpendituresIncurredButNotYetPaid`	$29.00M	USD	2 Qtrs

Stockholders Equity 79 line items

Line Item	Tag	Value	Unit	Period
Tax effect of gain (losses) on derivatives qualifying as hedges	`OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesTax`	-	USD	1 Quarter
Tax effect of gain (losses) on derivatives qualifying as hedges	`OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesTax`	-	USD	2 Qtrs
Tax effect of gain (losses) on derivatives qualifying as hedges	`OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesTax`	-	USD	1 Quarter
Tax effect of gain (losses) on derivatives qualifying as hedges	`OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesTax`	$1.00M	USD	2 Qtrs
Tax effect of pension liability and postretirement adjustment	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansTax`	$-2.00M	USD	2 Qtrs
Tax effect of pension liability and postretirement adjustment	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansTax`	$-1.00M	USD	2 Qtrs
Tax effect of pension liability and postretirement adjustment	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansTax`	$-2.00M	USD	1 Quarter
Tax effect of pension liability and postretirement adjustment	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansTax`	$-1.00M	USD	1 Quarter
Cash dividends declared, per share	`CommonStockDividendsPerShareDeclared`	$1.50	USD	2 Qtrs
Cash dividends declared, per share	`CommonStockDividendsPerShareDeclared`	$0.77	USD	1 Quarter
Cash dividends declared, per share	`CommonStockDividendsPerShareDeclared`	$0.75	USD	1 Quarter
Cash dividends declared, per share	`CommonStockDividendsPerShareDeclared`	$1.54	USD	2 Qtrs
Beginning Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$6.00B	USD	Point-in-time
Beginning Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$6.23B	USD	Point-in-time
Beginning Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$5.84B	USD	Point-in-time
Beginning Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$21.80B	USD	Point-in-time
Beginning Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$6.32B	USD	Point-in-time
Beginning Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$21.68B	USD	Point-in-time
Net Income (Loss), Including Portion Attributable to Nonredeemable Noncontrolling Interest	`NetIncomeLossIncludingPortionAttributableToNonredeemableNoncontrollingInterest`	$212.00M	USD	2 Qtrs
Net Income (Loss), Including Portion Attributable to Nonredeemable Noncontrolling Interest	`NetIncomeLossIncludingPortionAttributableToNonredeemableNoncontrollingInterest`	$-13.00M	USD	2 Qtrs
Net Income (Loss), Including Portion Attributable to Nonredeemable Noncontrolling Interest	`NetIncomeLossIncludingPortionAttributableToNonredeemableNoncontrollingInterest`	$28.00M	USD	1 Quarter
Net Income (Loss), Including Portion Attributable to Nonredeemable Noncontrolling Interest	`NetIncomeLossIncludingPortionAttributableToNonredeemableNoncontrollingInterest`	$87.00M	USD	1 Quarter
Other Comprehensive Income (Loss), Foreign Currency Transaction and Translation Adjustment, Net of Tax	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$263.00M	USD	1 Quarter
Other Comprehensive Income (Loss), Foreign Currency Transaction and Translation Adjustment, Net of Tax	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$147.00M	USD	1 Quarter
Other Comprehensive Income (Loss), Foreign Currency Transaction and Translation Adjustment, Net of Tax	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-305.00M	USD	2 Qtrs
Other Comprehensive Income (Loss), Foreign Currency Transaction and Translation Adjustment, Net of Tax	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-154.00M	USD	2 Qtrs
Gains (losses) on derivatives qualifying as hedges; net of tax	`OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax`	$2.00M	USD	1 Quarter
Gains (losses) on derivatives qualifying as hedges; net of tax	`OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax`	$-2.00M	USD	2 Qtrs
Gains (losses) on derivatives qualifying as hedges; net of tax	`OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax`	$-3.00M	USD	1 Quarter
Gains (losses) on derivatives qualifying as hedges; net of tax	`OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax`	$6.00M	USD	2 Qtrs
Pension liability and postretirement adjustment; net of tax	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax`	$-3.00M	USD	1 Quarter
Pension liability and postretirement adjustment; net of tax	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax`	$-7.00M	USD	2 Qtrs
Pension liability and postretirement adjustment; net of tax	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax`	$-12.00M	USD	2 Qtrs
Pension liability and postretirement adjustment; net of tax	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax`	$-3.00M	USD	1 Quarter
Pension and postretirement net liability	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansPlanAmendmentsTaxEffect`	$12.00M	USD	2 Qtrs
Pension and postretirement net liability	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansPlanAmendmentsTaxEffect`	$7.00M	USD	2 Qtrs
Pension and postretirement net liability	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansPlanAmendmentsTaxEffect`	$3.00M	USD	1 Quarter
Pension and postretirement net liability	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansPlanAmendmentsTaxEffect`	$3.00M	USD	1 Quarter
Cash dividends declared	`DividendsCommonStockCash`	$80.00M	USD	1 Quarter
Cash dividends declared	`DividendsCommonStockCash`	$160.00M	USD	2 Qtrs
Cash dividends declared	`DividendsCommonStockCash`	$191.00M	USD	1 Quarter
Cash dividends declared	`DividendsCommonStockCash`	$383.00M	USD	2 Qtrs
Stock Issued During Period, Value, Stock Options Exercised	`StockIssuedDuringPeriodValueStockOptionsExercised`	$8.00M	USD	2 Qtrs
Stock Issued During Period, Value, Stock Options Exercised	`StockIssuedDuringPeriodValueStockOptionsExercised`	$2.00M	USD	2 Qtrs
Stock Issued During Period, Value, Stock Options Exercised	`StockIssuedDuringPeriodValueStockOptionsExercised`	$2.00M	USD	1 Quarter
Stock Issued During Period, Value, Stock Options Exercised	`StockIssuedDuringPeriodValueStockOptionsExercised`	$2.00M	USD	1 Quarter
Stock Issued During Period, Value, Restricted Stock Award, Net of Forfeitures	`StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures`	$-4.00M	USD	2 Qtrs
Stock Issued During Period, Value, Restricted Stock Award, Net of Forfeitures	`StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures`	$-5.00M	USD	1 Quarter
Stock Issued During Period, Value, Restricted Stock Award, Net of Forfeitures	`StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures`	$-3.00M	USD	1 Quarter
Stock Issued During Period, Value, Restricted Stock Award, Net of Forfeitures	`StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures`	$-5.00M	USD	2 Qtrs
Stock Issued During Period, Value, Acquisitions	`StockIssuedDuringPeriodValueAcquisitions`	$15.98B	USD	2 Qtrs
Impact of N&B Merger (in shares)	`StockIssuedDuringPeriodSharesAcquisitions`	141.74M	shares	2 Qtrs
Stock Issued During Period, Value, Issued for Services	`StockIssuedDuringPeriodValueIssuedForServices`	$27.00M	USD	2 Qtrs
Stock Issued During Period, Value, Issued for Services	`StockIssuedDuringPeriodValueIssuedForServices`	$16.00M	USD	1 Quarter
Stock Issued During Period, Value, Issued for Services	`StockIssuedDuringPeriodValueIssuedForServices`	$10.00M	USD	1 Quarter
Stock Issued During Period, Value, Issued for Services	`StockIssuedDuringPeriodValueIssuedForServices`	$19.00M	USD	2 Qtrs
Net Income (Loss) Attributable to Redeemable Noncontrolling Interest	`NetIncomeLossAttributableToRedeemableNoncontrollingInterest`	$2.00M	USD	1 Quarter
Net Income (Loss) Attributable to Redeemable Noncontrolling Interest	`NetIncomeLossAttributableToRedeemableNoncontrollingInterest`	$-1.00M	USD	1 Quarter
Net Income (Loss) Attributable to Redeemable Noncontrolling Interest	`NetIncomeLossAttributableToRedeemableNoncontrollingInterest`	$-4.00M	USD	2 Qtrs
Noncontrolling Interest, Decrease from Distributions to Noncontrolling Interest Holders	`MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders`	$1.00M	USD	2 Qtrs
Noncontrolling Interest, Decrease from Distributions to Noncontrolling Interest Holders	`MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders`	$1.00M	USD	1 Quarter
Ending Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$6.00B	USD	Point-in-time
Ending Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$6.23B	USD	Point-in-time
Ending Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$5.84B	USD	Point-in-time
Ending Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$21.80B	USD	Point-in-time
Ending Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$6.32B	USD	Point-in-time
Ending Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$21.68B	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	128.53M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	128.53M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	128.53M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	128.53M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	270.27M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	270.27M	shares	Point-in-time
Treasury Stock, Shares	`TreasuryStockShares`	21.59M	shares	Point-in-time
Treasury Stock, Shares	`TreasuryStockShares`	21.71M	shares	Point-in-time
Treasury Stock, Shares	`TreasuryStockShares`	21.59M	shares	Point-in-time
Treasury Stock, Shares	`TreasuryStockShares`	21.74M	shares	Point-in-time
Treasury Stock, Shares	`TreasuryStockShares`	21.41M	shares	Point-in-time
Treasury Stock, Shares	`TreasuryStockShares`	21.22M	shares	Point-in-time

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.