A Dark Vector Cognition product

Item 16. FORM 10-K SUMMARY.

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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/ Glenn Richter
Name:Glenn Richter
Title:Executive Vice President and Chief Financial Officer

Dated: February 28, 2022

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:

SignatureTitleDate
/s/ Frank ClyburnChief Executive Officer and Director (Principal Executive Officer)February 28, 2022
Frank Clyburn
/s/ Glenn RichterExecutive Vice President and Chief Financial Officer (Principal Financial Officer)February 28, 2022
Glenn Richter
/s/ Robert AndersonSenior Vice President, Corporate Controller and Chief Accounting Officer (Principal Accounting Officer)February 28, 2022
Robert Anderson
/s/ Dale F. MorrisonChairman of the Board, DirectorFebruary 28, 2022
Dale F. Morrison
/s/ Kathryn J. BoorDirectorFebruary 28, 2022
Kathryn J. Boor
/s/ Edward D. BreenDirectorFebruary 28, 2022
Edward D. Breen
/s/ Barry A. BrunoDirectorFebruary 28, 2022
Barry A. Bruno
/s/ Carol Anthony (John) DavidsonDirectorFebruary 28, 2022
Carol Anthony (John) Davidson
/s/ Michael DuckerDirectorFebruary 28, 2022
Michael Ducker
/s/ Roger W. Ferguson, Jr.DirectorFebruary 28, 2022
Roger W. Ferguson, Jr.
/s/ John F. FerraroDirectorFebruary 28, 2022
John F. Ferraro
/s/ Christina GoldDirectorFebruary 28, 2022
Christina Gold
/s/ Ilene GordonDirectorFebruary 28, 2022
Ilene Gordon
/s/ Matthias HeinzelDirectorFebruary 28, 2022
Matthias Heinzel
/s/ Kåre SchultzDirectorFebruary 28, 2022
Kåre Schultz
/s/ Stephen WilliamsonDirectorFebruary 28, 2022
Stephen Williamson

INTERNATIONAL FLAVORS & FRAGRANCES INC. AND SUBSIDIARIES

SCHEDULE II — VALUATION AND QUALIFYING ACCOUNTS AND RESERVES

(IN MILLIONS)

For the Year Ended December 31, 2021
Balance at beginning of periodAdditions (deductions) charged to costs and expensesAcquisitionsAccounts written offTranslation adjustmentsOther**(1)**Balance at end of period
Allowance for doubtful accounts$21$6$—$(1)$—$20$46
Valuation allowance on credit and operating loss carryforwards and other net deferred tax assets257(18)9—(16)—232
For the Year Ended December 31, 2020
Balance at beginning of periodAdditions charged to costs and expensesAcquisitionsAccounts written offTranslation adjustmentsOtherBalance at end of period
Allowance for doubtful accounts$16$6$—$(1)$—$—$21
Valuation allowance on credit and operating loss carryforwards and other net deferred tax assets20435——18—257
For the Year Ended December 31, 2019
Balance at beginning of periodAdditions charged to costs and expensesAcquisitionsAccounts written offTranslation adjustmentsOther**(2)**Balance at end of period
Allowance for doubtful accounts$9$1$—$(2)$—$8$16
Valuation allowance on credit and operating loss carryforwards and other net deferred tax assets2006——(2)—204

(1)The amount relates to adjustment to allowances for bad debts as a result of purchase price allocation related to the Merger with N&B.

(2)The amount relates to an adjustment to reflect the correct classification of amounts between the allowance for bad debts and Trade Receivables.

S-1

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