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:

SignatureTitleDate
/s/ Frank ClyburnChief Executive Officer and Director (Principal Executive Officer)February 27, 2023
Frank Clyburn
/s/ Glenn RichterExecutive Vice President and Chief Financial & Business Transformation Officer (Principal Financial Officer)February 27, 2023
Glenn Richter
/s/ Beril YildizSenior Vice President, Corporate Controller and Chief Accounting Officer (Principal Accounting Officer)February 27, 2023
Beril Yildiz
/s/ Dale F. MorrisonChairman of the Board, DirectorFebruary 27, 2023
Dale F. Morrison
/s/ Kathryn J. BoorDirectorFebruary 27, 2023
Kathryn J. Boor
/s/ Edward D. BreenDirectorFebruary 27, 2023
Edward D. Breen
/s/ Barry A. BrunoDirectorFebruary 27, 2023
Barry A. Bruno
/s/ Mark CostaDirectorFebruary 27, 2023
Mark Costa
/s/ Carol Anthony (John) DavidsonDirectorFebruary 27, 2023
Carol Anthony (John) Davidson
/s/ Roger W. Ferguson, Jr.DirectorFebruary 27, 2023
Roger W. Ferguson, Jr.
/s/ John F. FerraroDirectorFebruary 27, 2023
John F. Ferraro
/s/ Christina GoldDirectorFebruary 27, 2023
Christina Gold
/s/ Matthias HeinzelDirectorFebruary 27, 2023
Matthias Heinzel
/s/ Gary HuDirectorFebruary 27, 2023
Gary Hu
/s/ Stephen WilliamsonDirectorFebruary 27, 2023
Stephen Williamson
/s/ Dawn C. WilloughbyDirectorFebruary 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 periodAdditions (deductions) charged to costs and expensesAcquisitionsAccounts written offTranslation adjustmentsOtherBalance 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 assets23251——(21)—262
For the Year Ended December 31, 2021
Balance at beginning of periodAdditions 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

(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.

S-1

Previous: Item 15. EXHIBITS AND FINANCIAL STATEMENT SCHEDULES.