IFF · 8-K · 20260804PR000028

Operating Expense Trends

INTERNATIONAL FLAVORS & FRAGRANCES INC · 2026-08-04 · Importance 42 · Surprise 14 · From source text

Second-quarter research and development expense was $170 million, unchanged from the prior-year period. Selling and administrative expense increased 7% year over year to $437 million, while adjusted selling and administrative expense was $346 million after excluding $10 million of divestiture costs, $9 million of strategic initiative costs, $71 million of regulatory costs, and $1 million of entity realignment costs. For the first six months, reported selling and administrative expense declined 4% to $771 million, but adjusted expense increased to $656 million from $635 million because of strategic initiative and regulatory costs.

Key facts

• Selling and administrative expenses reported (GAAP) for the second quarter were $437 million and adjusted (Non-GAAP) were $346 million after adjustments. source
• Selling and administrative expenses year-to-date reported (GAAP) were $771 million and adjusted (Non-GAAP) were $656 million after adjustments. source
• Depreciation & Amortization for Q2 2026: $(154) million. source
• Strategic Initiative Costs for Q2 2026: $(9) million. source
• Other Expense, net for Q2 2026: $(20) million. source
• Other for Q2 2026: $1 million. source

Impact estimates