Item 16. FORM 10-K SUMMARY.
6K characters. Original on sec.gov ·
Item 16. FORM 10-K SUMMARY.
None.
SIGNATURES
Pursuant to the requirements of Section 13 or 15(d) of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
| INTERNATIONAL FLAVORS & FRAGRANCES INC. | ||
| By: | /s/ Rustom Jilla | |
| Name: | Rustom Jilla | |
| Title: | Executive Vice President and Chief Financial Officer |
Dated: March 3, 2020
Pursuant to the requirements of the Securities Exchange Act of 1934, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated:
| Signature | Title | Date | ||
| /s/ Andreas Fibig | Chairman of the Board, Chief Executive Officer and Director (Principal Executive Officer) | March 3, 2020 | ||
| Andreas Fibig | ||||
| /s/ Rustom Jilla | Executive Vice President and Chief Financial Officer (Principal Financial and Accounting Officer) | March 3, 2020 | ||
| Rustom Jilla | ||||
| /s/ Marcello V. Bottoli | Director | March 3, 2020 | ||
| Marcello V. Bottoli | ||||
| /s/ Linda B. Buck | Director | March 3, 2020 | ||
| Linda B. Buck | ||||
| /s/ Michael Ducker | Director | March 3, 2020 | ||
| Michael Ducker | ||||
| /s/ David R. Epstein | Director | March 3, 2020 | ||
| David R. Epstein | ||||
| /s/ Roger W. Ferguson, Jr. | Director | March 3, 2020 | ||
| Roger W. Ferguson, Jr. | ||||
| /s/ John F. Ferraro | Director | March 3, 2020 | ||
| John F. Ferraro | ||||
| /s/ Christina Gold | Director | March 3, 2020 | ||
| Christina Gold | ||||
| /s/ Katherine M. Hudson | Director | March 3, 2020 | ||
| Katherine M. Hudson | ||||
| /s/ Dale F. Morrison | Director | March 3, 2020 | ||
| Dale F. Morrison | ||||
| /s/ Li-Huei Tsai | Director | March 3, 2020 | ||
| Li-Huei Tsai | ||||
| /s/ Stephen Williamson | Director | March 3, 2020 | ||
| Stephen Williamson |
INTERNATIONAL FLAVORS & FRAGRANCES INC. AND SUBSIDIARIES
SCHEDULE II — VALUATION AND QUALIFYING ACCOUNTS AND RESERVES
(IN THOUSANDS)
| For the Year Ended December 31, 2019 | |||||||||||||||||||||||
| Balance at beginning of period | Additions charged to costs and expenses | Acquisitions | Accounts written off | Translation adjustments | Balance at end of period | ||||||||||||||||||
| Allowance for doubtful accounts | $ | 9,173 | $ | 1,262 | $ | — | $ | (2,024 | ) | $ | (180 | ) | $ | 8,231 | |||||||||
| Valuation allowance on credit and operating loss carryforwards and other net deferred tax assets | 200,280 | 5,659 | — | — | (2,174 | ) | 203,765 | ||||||||||||||||
| For the Year Ended December 31, 2018 | |||||||||||||||||||||||
| Balance at beginning of period | Additions (deductions) charged to costs and expenses | Acquisitions | Accounts written off | Translation adjustments | Balance at end of period | ||||||||||||||||||
| Allowance for doubtful accounts | $ | 13,392 | $ | 1,286 | $ | — | $ | (4,642 | ) | $ | (863 | ) | $ | 9,173 | |||||||||
| Valuation allowance on credit and operating loss carryforwards and other net deferred tax assets | 207,483 | (1,821 | ) | (1) | 3,887 | — | (9,269 | ) | 200,280 | ||||||||||||||
| For the Year Ended December 31, 2017 | |||||||||||||||||||||||
| Balance at beginning of period | Additions charged to costs and expenses | Acquisitions | Accounts written off | Translation adjustments | Balance at end of period | ||||||||||||||||||
| Allowance for doubtful accounts | $ | 9,995 | $ | 3,798 | $ | — | $ | (1,496 | ) | $ | 1,095 | $ | 13,392 | ||||||||||
| Valuation allowance on credit and operating loss carryforwards and other net deferred tax assets | 152,752 | 35,646 | (2) | — | — | 19,085 | 207,483 |
| (1) | The 2018 amount includes an adjustment to the 2017 foreign net operating loss carryforwards in the amount of $5.9 million. |
| (2) | The 2017 amount includes an adjustment to the 2016 foreign net operating loss carryforwards in the amount of $58.8 million. |
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