IFF · 10-Q · 2026Q2 · Full report
Capital Return Program
INTERNATIONAL FLAVORS & FRAGRANCES INC · 2026-08-04 · Importance 64 · Surprise 42 · From source text
On August 4, 2026, IFF's Board authorized an enhanced share-repurchase program with a total value of $2.5 billion, including approximately $400 million remaining under the prior authorization. The Board also authorized a $500 million accelerated share repurchase expected to be executed in the second half of 2026. The remaining $2.0 billion is expected after closing the Food Ingredients divestiture, with the overall program expected to be completed by the end of 2027.
Key facts
- Under the program the Board authorized an accelerated share repurchase of $500 million, which the Company expects to execute in the second half of 2026. source
- The remaining $2.0 billion share repurchase is expected to be executed following the closing of the Food Ingredients disposal group divestiture, with an expected completion of the program by the end of 2027. source
- On August 4, 2026, the Board authorized an enhanced share repurchase authorization with a total value of $2.5 billion, including approximately $400 million remaining on its prior authorization. source
- Cash flows used in financing activities for the six months ended June 30, 2026 were $565 million, compared to $2,654 million in the prior year period. source
- This decrease was partially offset by increased net repayments of commercial paper of $264 million during the six months ended June 30, 2026, in addition to $71 million of common stock repurchases under the share repurchase program that began on October 1, 2025. source
- We paid dividends totaling $204 million in the 2026 period and declared a cash dividend per share of $0.40 in the second quarter of 2026 that was paid on July 10, 2026 to all shareholders of record as of June 18, 2026. source
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| cash | negative | committed | -8.4% | On August 4, 2026, the Board authorized an enhanced share repurchase authorization with a total value of $2.5 billion, including… |
| cash | positive | realized | +8.3% | Cash flows used in financing activities for the six months ended June 30, 2026 were $565 million, compared to $2,654 million in the prior… |
| cash | negative | probable | -4.0% | The remaining $2.0 billion share repurchase is expected to be executed following the closing of the Food Ingredients disposal group… |
| cash | negative | committed | -1.7% | Under the program the Board authorized an accelerated share repurchase of $500 million, which the Company expects to execute in the second… |
| cash | negative | realized | -1.1% | This decrease was partially offset by increased net repayments of commercial paper of $264 million during the six months ended June 30,… |
| cash | negative | realized | -0.8% | We paid dividends totaling $204 million in the 2026 period and declared a cash dividend per share of $0.40 in the second quarter of 2026… |
| cash | negative | realized | -0.3% | This decrease was partially offset by increased net repayments of commercial paper of $264 million during the six months ended June 30,… |