IFF · 10-Q · 2026Q2 · Full report
Capital Expenditures and Returns
INTERNATIONAL FLAVORS & FRAGRANCES INC · 2026-08-04 · Importance 73 · Surprise 50 · Matches filing data
IFF spent $301 million on property, plant, and equipment during the first six months of 2026 and expects full-year 2026 capital spending to equal approximately 6.0% of total company sales, up from 5.5% in 2025. The company paid $204 million of dividends during the six-month period and declared a second-quarter dividend of $0.40 per share. On August 4, 2026, the board authorized a $2.5 billion repurchase program, including a planned $500 million accelerated share repurchase in the second half of 2026 and $2.0 billion after the Food Ingredients divestiture closes.
Key facts
- Cash flows used in investing activities for the six months ended June 30, 2026 were $133 million, compared to cash flows provided by investing activities of $2,541 million in the prior year period. source
- Investing cash outflows in the current year were primarily driven by $301 million of additions to property, plant and equipment, partially offset by $201 million of net proceeds from the divestiture of the SCL disposal group and the collection of an earnout related to the prior year divestiture of the Pharma Solutions disposal group. source
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| cash | negative | realized | -10.6% | Cash flows used in investing activities for the six months ended June 30, 2026 were $133 million, compared to cash flows provided by… |
| cash | negative | realized | -1.2% | Investing cash outflows in the current year were primarily driven by $301 million of additions to property, plant and equipment, partially… |
| cash | positive | realized | +0.8% | Investing cash outflows in the current year were primarily driven by $301 million of additions to property, plant and equipment, partially… |