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 & Business Transformation Officer |
Dated: February 27, 2023
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/ Frank Clyburn | Chief Executive Officer and Director (Principal Executive Officer) | February 27, 2023 | ||||||||||||
| Frank Clyburn | ||||||||||||||
| /s/ Glenn Richter | Executive Vice President and Chief Financial & Business Transformation Officer (Principal Financial Officer) | February 27, 2023 | ||||||||||||
| Glenn Richter | ||||||||||||||
| /s/ Beril Yildiz | Senior Vice President, Corporate Controller and Chief Accounting Officer (Principal Accounting Officer) | February 27, 2023 | ||||||||||||
| Beril Yildiz | ||||||||||||||
| /s/ Dale F. Morrison | Chairman of the Board, Director | February 27, 2023 | ||||||||||||
| Dale F. Morrison | ||||||||||||||
| /s/ Kathryn J. Boor | Director | February 27, 2023 | ||||||||||||
| Kathryn J. Boor | ||||||||||||||
| /s/ Edward D. Breen | Director | February 27, 2023 | ||||||||||||
| Edward D. Breen | ||||||||||||||
| /s/ Barry A. Bruno | Director | February 27, 2023 | ||||||||||||
| Barry A. Bruno | ||||||||||||||
| /s/ Mark Costa | Director | February 27, 2023 | ||||||||||||
| Mark Costa | ||||||||||||||
| /s/ Carol Anthony (John) Davidson | Director | February 27, 2023 | ||||||||||||
| Carol Anthony (John) Davidson | ||||||||||||||
| /s/ Roger W. Ferguson, Jr. | Director | February 27, 2023 | ||||||||||||
| Roger W. Ferguson, Jr. | ||||||||||||||
| /s/ John F. Ferraro | Director | February 27, 2023 | ||||||||||||
| John F. Ferraro | ||||||||||||||
| /s/ Christina Gold | Director | February 27, 2023 | ||||||||||||
| Christina Gold | ||||||||||||||
| /s/ Matthias Heinzel | Director | February 27, 2023 | ||||||||||||
| Matthias Heinzel | ||||||||||||||
| /s/ Gary Hu | Director | February 27, 2023 | ||||||||||||
| Gary Hu | ||||||||||||||
| /s/ Stephen Williamson | Director | February 27, 2023 | ||||||||||||
| Stephen Williamson | ||||||||||||||
| /s/ Dawn C. Willoughby | Director | February 27, 2023 | ||||||||||||
| Dawn C. Willoughby |
INTERNATIONAL FLAVORS & FRAGRANCES INC. AND SUBSIDIARIES
SCHEDULE II — VALUATION AND QUALIFYING ACCOUNTS AND RESERVES
(IN MILLIONS)
| For the Year Ended December 31, 2022 | |||||||||||||||||||||||||||||||||||||||||
| Balance at beginning of period | Additions (deductions) charged to costs and expenses | Acquisitions | Accounts written off | Translation adjustments | Other | Balance at end of period | |||||||||||||||||||||||||||||||||||
| Allowance for doubtful accounts | $ | 46 | $ | 19 | $ | — | $ | — | $ | (12) | $ | — | $ | 53 | |||||||||||||||||||||||||||
| Valuation allowance on credit and operating loss carryforwards and other net deferred tax assets | 232 | 51 | — | — | (21) | — | 262 | ||||||||||||||||||||||||||||||||||
| For the Year Ended December 31, 2021 | |||||||||||||||||||||||||||||||||||||||||
| Balance at beginning of period | Additions charged to costs and expenses | Acquisitions | Accounts written off | Translation adjustments | Other**(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 assets | 257 | (18) | 9 | — | (16) | — | 232 | ||||||||||||||||||||||||||||||||||
| For the Year Ended December 31, 2020 | |||||||||||||||||||||||||||||||||||||||||
| Balance at beginning of period | Additions charged to costs and expenses | Acquisitions | Accounts written off | Translation adjustments | Other | Balance 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 assets | 204 | 35 | — | — | 18 | — | 257 |
(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.
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Previous: Item 15. EXHIBITS AND FINANCIAL STATEMENT SCHEDULES.