IFF · 10-Q · 2026Q2 · Full report

Income Tax Rate Changes

INTERNATIONAL FLAVORS & FRAGRANCES INC · 2026-08-04 · Importance 42 · Surprise 64

The second-quarter effective tax rate increased to 48.4% from negative 25.6% in the prior-year quarter. The six-month effective tax rate increased to 27.7% from negative 17.5%. The changes were driven by increased nondeductible regulatory costs, the 2025 entity realignment project, business divestitures, and changes in earnings mix.

Key facts

• The effective tax rate for the three months ended June 30, 2026 increased to 48.4% compared to (25.6)% for the three months ended June 30, 2025. source
• The effective tax rate for the six months ended June 30, 2026 was 27.7% compared to (17.5)% for the six months ended June 30, 2025. source
• As of June 30, 2026, we had a deferred tax liability of approximately $150 million for the effect of repatriating the funds to the U.S., attributable to various non-U.S. subsidiaries. source