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International Flavors & Fragrances Inc. – ‘10-K’ for 12/31/22 – ‘EX-31.2’

On:  Monday, 2/27/23, at 4:23pm ET   ·   For:  12/31/22   ·   Accession #:  51253-23-9   ·   File #:  1-04858

Previous ‘10-K’:  ‘10-K’ on 2/28/22 for 12/31/21   ·   Next & Latest:  ‘10-K’ on 2/28/24 for 12/31/23   ·   43 References:   

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  As Of               Filer                 Filing    For·On·As Docs:Size

 2/27/23  Int’l Flavors & Fragrances Inc.   10-K       12/31/22  147:25M

Annual Report   —   Form 10-K

Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: 10-K        Annual Report                                       HTML   4.76M 
 2: EX-21       Subsidiaries List                                   HTML    226K 
 3: EX-23       Consent of Expert or Counsel                        HTML     39K 
 4: EX-31.1     Certification -- §302 - SOA'02                      HTML     43K 
 5: EX-31.2     Certification -- §302 - SOA'02                      HTML     43K 
 6: EX-32       Certification -- §906 - SOA'02                      HTML     41K 
12: R1          Cover Page                                          HTML    113K 
13: R2          Audit Information                                   HTML     44K 
14: R3          Consolidated Statement of Income and Comprehensive  HTML    152K 
                Income                                                           
15: R4          Consolidated Balance Sheet                          HTML    186K 
16: R5          Consolidated Balance Sheet (Parenthetical)          HTML     50K 
17: R6          Consolidated Statement of Cash Flows                HTML    168K 
18: R7          Consolidated Statement of Shareholders Equity       HTML    123K 
19: R8          Consolidated Statement of Shareholders Equity       HTML     46K 
                (Parenthetical)                                                  
20: R9          Nature of Operations and Summary of Significant     HTML    111K 
                Accounting Policies                                              
21: R10         Restructuring and Other Charges                     HTML    146K 
22: R11         Acquisitions (Notes)                                HTML    110K 
23: R12         Property, Plant and Equipment, Net                  HTML     54K 
24: R13         Goodwill and Other Intangible Assets, Net           HTML    106K 
25: R14         Other Assets And Liabilities, Current and           HTML     76K 
                Noncurrent                                                       
26: R15         Debt                                                HTML    122K 
27: R16         Tangible Equity Units                               HTML     47K 
28: R17         Leases (Notes)                                      HTML     97K 
29: R18         Income Taxes                                        HTML    141K 
30: R19         Net Income Per Share                                HTML     68K 
31: R20         Shareholders' Equity                                HTML     47K 
32: R21         Stock Compensation Plans                            HTML    119K 
33: R22         Segment Information                                 HTML    165K 
34: R23         Employee Benefits                                   HTML    421K 
35: R24         Financial Instruments                               HTML    159K 
36: R25         Accumulated Other Comprehensive Income (Loss)       HTML    105K 
37: R26         Concentrations of Credit Risk                       HTML     41K 
38: R27         Commitments and Contingencies                       HTML     72K 
39: R28         Redeemable Noncontrolling Interests                 HTML     57K 
40: R29         Business Divestiture                                HTML     85K 
41: R30         Assets Held For Sale                                HTML     85K 
42: R31         Schedule II - Valuation and Qualifying Accounts     HTML     76K 
                and Reserves                                                     
43: R32         Nature of Operations and Summary of Significant     HTML    155K 
                Accounting Policies (Policies)                                   
44: R33         Nature of Operations and Summary of Significant     HTML     76K 
                Accounting Policies (Tables)                                     
45: R34         Restructuring and Other Charges (Tables)            HTML    141K 
46: R35         Acquisitions (Tables)                               HTML     96K 
47: R36         Property, Plant and Equipment, Net (Tables)         HTML     52K 
48: R37         Goodwill and Other Intangible Assets, Net (Tables)  HTML    108K 
49: R38         Other Assets And Liabilities, Current and           HTML     80K 
                Noncurrent (Tables)                                              
50: R39         Debt (Tables)                                       HTML     98K 
51: R40         Leases (Tables)                                     HTML     99K 
52: R41         Income Taxes (Tables)                               HTML    139K 
53: R42         Net Income Per Share (Tables)                       HTML     63K 
54: R43         Stock Compensation Plans (Tables)                   HTML    127K 
55: R44         Segment Information (Tables)                        HTML    159K 
56: R45         Employee Benefits (Tables)                          HTML    432K 
57: R46         Financial Instruments (Tables)                      HTML    157K 
58: R47         Accumulated Other Comprehensive Income (Loss)       HTML    108K 
                (Tables)                                                         
59: R48         Redeemable Noncontrolling Interests (Tables)        HTML     56K 
60: R49         Discontinued Operations and Disposal Groups         HTML     81K 
                (Tables)                                                         
61: R50         Assets Held For Sale (Tables)                       HTML     81K 
62: R51         Nature of Operations and Summary of Significant     HTML    163K 
                Accounting Policies - Additional Information                     
                (Detail)                                                         
63: R52         Nature of Operations and Summary of Significant     HTML     49K 
                Accounting Policies - Schedule of Inventory                      
                (Detail)                                                         
64: R53         Restructuring and Other Charges - Additional        HTML    110K 
                Information (Details)                                            
65: R54         Restructuring and Other Charges - Movements in      HTML     92K 
                Restructuring and Related Accruals (Detail)                      
66: R55         Acquisitions - Health Wright Products (Details)     HTML     63K 
67: R56         Acquisitions - Nutrition & Biosciences, Inc         HTML    205K 
                (Details)                                                        
68: R57         Property, Plant and Equipment, Net - Schedule of    HTML     66K 
                Property, Plant and Equipment (Detail)                           
69: R58         Goodwill and Other Intangible Assets, Net -         HTML     64K 
                Narrative (Details)                                              
70: R59         Goodwill and Other Intangible Assets, Net -         HTML     78K 
                Goodwill Rollforward (Details)                                   
71: R60         Goodwill and Other Intangible Assets, Net -         HTML     56K 
                Trademark and Other Intangible Assets (Detail)                   
72: R61         Goodwill and Other Intangible Assets, Net -         HTML     54K 
                Amortization Expense (Detail)                                    
73: R62         Other Assets And Liabilities, Current and           HTML     69K 
                Noncurrent - Schedule of Other Assets (Detail)                   
74: R63         Other Assets And Liabilities, Current and           HTML     76K 
                Noncurrent - Schedule of Other Current Liabilities               
                (Details)                                                        
75: R64         Debt - Components of Debt (Detail)                  HTML    394K 
76: R65         Debt - Additional Information (Detail)              HTML    422K 
77: R66         Debt - Schedule of Debt Maturities (Details)        HTML     60K 
78: R67         Tangible Equity Units (Details)                     HTML     44K 
79: R68         Tangible Equity Units (Allocation of TEU)           HTML     40K 
                (Details)                                                        
80: R69         Tangible Equity Units Tangible Equity - Settlement  HTML     43K 
                of Shares (Details)                                              
81: R70         Leases (Details)                                    HTML     55K 
82: R71         Leases - Schedule of Lease Expense (Details)        HTML     43K 
83: R72         Leases - Cash Flow (Details)                        HTML     48K 
84: R73         Leases - Balance Sheet (Details)                    HTML     62K 
85: R74         Leases - Weighted Average (Details)                 HTML     48K 
86: R75         Leases - Schedule of Lease Maturities (Details)     HTML     95K 
87: R76         Leases - Additional Information (Details)           HTML     53K 
88: R77         Income Taxes - Schedule of Earnings before Income   HTML     49K 
                Taxes (Detail)                                                   
89: R78         Income Taxes - Schedule of Income Tax Provision     HTML     68K 
                (Detail)                                                         
90: R79         Income Taxes - Reconciliation of Effective Income   HTML     78K 
                Tax Rate (Details)                                               
91: R80         Income Taxes - Schedule of Reconciliation between   HTML     52K 
                U.S. Federal Statutory Income Tax Rate to Actual                 
                Effective Tax Rate (Detail)                                      
92: R81         Income Taxes - Additional Information (Detail)      HTML    100K 
93: R82         Income Taxes - Schedule of Deferred Tax Assets and  HTML     73K 
                Liabilities (Detail)                                             
94: R83         Income Taxes - Reconciliation of Beginning and      HTML     65K 
                Ending Amount of Unrecognized Tax Benefits                       
                (Detail)                                                         
95: R84         Revenue Recognition - Disaggregation of Revenue     HTML     53K 
                (Details)                                                        
96: R85         Net Income Per Share - Reconciliation of Shares     HTML     78K 
                Used in Computation of Basic and Diluted Net                     
                Income Per Share (Detail)                                        
97: R86         Net Income Per Share - Additional Information       HTML     61K 
                (Detail)                                                         
98: R87         Net Income Per Share - TEU (Details)                HTML     50K 
99: R88         Shareholders' Equity - Additional Information       HTML     54K 
                (Detail)                                                         
100: R89         Stock Compensation Plans - Additional Information   HTML     98K  
                (Detail)                                                         
101: R90         Stock Compensation Plans - Stock-Based              HTML     50K  
                Compensation Expense Included in Consolidated                    
                Statement of Income and Comprehensive Income                     
                (Detail)                                                         
102: R91         Stock Compensation Plans - SSAR's and Stock Option  HTML     55K  
                - Additional Information (Detail)                                
103: R92         Stock Compensation Plans - SSAR's and Stock Option  HTML     71K  
                Activity (Detail)                                                
104: R93         Stock Compensation Plans - SSAR's and Stock Option  HTML     61K  
                Outstanding (Detail)                                             
105: R94         Stock Compensation Plans - SSAR's and Stock Option  HTML     51K  
                Exercisable (Detail)                                             
106: R95         Stock Compensation Plans - Restricted Stock Units   HTML     55K  
                Plan - Additional Information (Detail)                           
107: R96         Stock Compensation Plans - RSU, PRS and Cash RSU    HTML     90K  
                Activity (Detail)                                                
108: R97         Stock Compensation Plans - Purchased Restricted     HTML     58K  
                Stock Plan - Additional Information (Detail)                     
109: R98         Stock Compensation Plans - Liability Awards -       HTML     54K  
                Additional Information (Detail)                                  
110: R99         Segment Information - Additional Information        HTML     68K  
                (Detail)                                                         
111: R100        Segment Information - Reportable Segment            HTML    127K  
                Information (Detail)                                             
112: R101        Segment Information - Capital Expenditure and       HTML     55K  
                Depreciation and Amortization by Segment (Detail)                
113: R102        Segment Information - Net Sales by Geographic Area  HTML     58K  
                (Detail)                                                         
114: R103        Segment Information Segment Information - Schedule  HTML     57K  
                of Long Lived Assets (Details)                                   
115: R104        Employee Benefits - Additional Information          HTML    105K  
                (Detail)                                                         
116: R105        Employee Benefits - Plan Assets and Benefit         HTML     92K  
                Obligations of Defined Benefit Pension Plans                     
                (Detail)                                                         
117: R106        Employee Benefits - Components of Net Periodic      HTML     64K  
                Benefit Cost and Changes in Plan Assets and                      
                Benefit Obligations Recognized in OCI (Detail)                   
118: R107        Employee Benefits - Weighted-Average Actuarial      HTML     52K  
                Assumption Used to Determine Expense (Detail)                    
119: R108        Employee Benefits - Changes in Postretirement       HTML    123K  
                Benefit Obligation and Plan Assets (Detail)                      
120: R109        Employee Benefits - Amounts Recognized in Balance   HTML     58K  
                Sheet (Detail)                                                   
121: R110        Employee Benefits - Amounts Recognized in           HTML     55K  
                Accumulated Other Comprehensive Income (Detail)                  
122: R111        Employee Benefits - Accumulated Benefit Obligation  HTML     61K  
                (Detail)                                                         
123: R112        Employee Benefits - Estimated Future Benefit        HTML     64K  
                Payments (Detail)                                                
124: R113        Employee Benefits - Percentage of Assets Invested   HTML     60K  
                (Detail)                                                         
125: R114        Employee Benefits - Fair Value Hierarchy of Plan    HTML    195K  
                Assets (Detail)                                                  
126: R115        Employee Benefits - Reconciliation of Level 3       HTML     64K  
                Non-U.S. Plan Assets Held (Detail)                               
127: R116        Employee Benefits - Weighted Average Assumptions    HTML     49K  
                Used to Determine Postretirement Benefit Expense                 
                and Obligation (Detail)                                          
128: R117        Employee Benefits - Sensitivity of Disclosures to   HTML     55K  
                Changes in Selected Assumptions (Detail)                         
129: R118        Financial Instruments - Carrying Amount and         HTML    118K  
                Estimated Fair Value of Financial Instruments                    
                (Detail)                                                         
130: R119        Financial Instruments - Derivative Instruments      HTML     47K  
                Notional Amount Outstanding (Detail)                             
131: R120        Financial Instruments - Derivative Instruments      HTML     64K  
                Measured at Fair Value (Detail)                                  
132: R121        Financial Instruments - Derivative Instruments      HTML     45K  
                Which Were Not Designated as Hedging Instruments                 
                (Detail)                                                         
133: R122        Financial Instruments - Derivative Instruments      HTML     82K  
                Designated as Cash Flow and Net Investment Hedging               
                Instruments (Detail)                                             
134: R123        Financial Instruments - Additional Information      HTML     95K  
                (Detail)                                                         
135: R124        Accumulated Other Comprehensive Income (Loss) -     HTML     67K  
                Schedule of Changes in Accumulated Other                         
                Comprehensive Income (Loss) (Detail)                             
136: R125        Accumulated Other Comprehensive Income (Loss) -     HTML     77K  
                Reclassifications of Accumulated Other                           
                Comprehensive Income to Consolidated Statement of                
                Comprehensive Income (Detail)                                    
137: R126        Concentrations Of Credit Risk - Additional          HTML     48K  
                Information (Detail)                                             
138: R127        Commitments and Contingencies - Additional          HTML    135K  
                Information (Detail)                                             
139: R128        Redeemable Noncontrolling Interests (Details)       HTML     65K  
140: R129        Business Divestiture (Details)                      HTML     98K  
141: R130        Assets Held For Sale (Details)                      HTML     90K  
142: R131        Schedule II - Valuation and Qualifying Accounts     HTML     59K  
                and Reserves (Detail)                                            
145: XML         IDEA XML File -- Filing Summary                      XML    281K  
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147: ZIP         XBRL Zipped Folder -- 0000051253-23-000009-xbrl      Zip   1.30M  


‘EX-31.2’   —   Certification — §302 – SOA’02


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Exhibit 31.2
CERTIFICATION
I, Glenn Richter, certify that:
1.I have reviewed this Annual Report on Form 10-K of International Flavors & Fragrances Inc.;
2.Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;
3.Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;
4.The registrant’s other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:
(a)Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;
(b)Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;
(c)Evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and
(d)Disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter (the registrant’s fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and
5.The registrant’s other certifying officer(s) and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant’s auditors and the audit committee of the registrant’s board of directors (or persons performing the equivalent functions):
(a)All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize and report financial information; and
(b)Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.
Date: February 27, 2023
By:/s/ Glenn Richter
Name:Glenn Richter
Title:Executive Vice President and Chief Financial & Business Transformation Officer






Dates Referenced Herein   and   Documents Incorporated by Reference

This ‘10-K’ Filing    Date    Other Filings
Filed on:2/27/238-K,  8-K/A
For Period end:12/31/224
 List all Filings 


2 Subsequent Filings that Reference this Filing

  As Of               Filer                 Filing    For·On·As Docs:Size             Issuer                      Filing Agent

 4/01/24  Int’l Flavors & Fragrances Inc.   DEFR14A               12:18M                                    Broadridge Fin’l So… Inc
 3/21/24  Int’l Flavors & Fragrances Inc.   DEF 14A     5/01/24   10:12M                                    Broadridge Fin’l So… Inc


41 Previous Filings that this Filing References

  As Of               Filer                 Filing    For·On·As Docs:Size             Issuer                      Filing Agent

12/19/22  Int’l Flavors & Fragrances Inc.   8-K:5,9    12/19/22   12:352K                                   Donnelley … Solutions/FA
11/29/22  Int’l Flavors & Fragrances Inc.   S-8        11/29/22    5:190K                                   Donnelley … Solutions/FA
 8/08/22  Int’l Flavors & Fragrances Inc.   8-K:1,2,9   8/08/22   14:1.2M
 2/28/22  Int’l Flavors & Fragrances Inc.   10-K       12/31/21  152:25M
 1/20/22  Int’l Flavors & Fragrances Inc.   8-K:5,9     1/20/22   12:276K                                   Donnelley … Solutions/FA
 7/28/21  Int’l Flavors & Fragrances Inc.   8-K:1,5,9   7/28/21   13:999K                                   Donnelley … Solutions/FA
 3/23/21  Int’l Flavors & Fragrances Inc.   DEF 14A     5/05/21    1:5.2M                                   Donnelley … Solutions/FA
 3/08/21  Int’l Flavors & Fragrances Inc.   8-K:1,9     3/07/21   12:270K                                   Donnelley … Solutions/FA
 3/04/21  Int’l Flavors & Fragrances Inc.   8-K:1,2,9   3/04/21   13:243K                                   Donnelley … Solutions/FA
 2/22/21  Int’l Flavors & Fragrances Inc.   10-K       12/31/20  152:22M
 2/04/21  Int’l Flavors & Fragrances Inc.   8-K:1,2,5,8 2/01/21   15:701K                                   Donnelley … Solutions/FA
 1/25/21  Int’l Flavors & Fragrances Inc.   8-K:8,9     1/22/21   13:393K                                   Donnelley … Solutions/FA
10/05/20  Int’l Flavors & Fragrances Inc.   S-4/A                 16:6.4M                                   Donnelley … Solutions/FA
 8/28/20  Int’l Flavors & Fragrances Inc.   8-K:1,2,5,9 8/25/20   14:1.5M                                   Donnelley … Solutions/FA
 5/21/20  Int’l Flavors & Fragrances Inc.   8-K:1,2,9   5/15/20   12:777K                                   Donnelley … Solutions/FA
 3/03/20  Int’l Flavors & Fragrances Inc.   10-K       12/31/19  160:26M
 1/22/20  Int’l Flavors & Fragrances Inc.   8-K:1,9     1/17/20   13:340K                                   Donnelley … Solutions/FA
12/18/19  Int’l Flavors & Fragrances Inc.   8-K:1,7,9  12/15/19   15:2.5M                                   Donnelley … Solutions/FA
 9/26/18  Int’l Flavors & Fragrances Inc.   8-K:1,2,8,9 9/24/18    4:410K                                   Donnelley … Solutions/FA
 9/25/18  Int’l Flavors & Fragrances Inc.   8-K:1,2,8,9 9/20/18    4:440K                                   Donnelley … Solutions/FA
 9/17/18  Int’l Flavors & Fragrances Inc.   8-K:1,2,8,9 9/12/18    6:1.2M                                   Donnelley … Solutions/FA
 8/27/18  Int’l Flavors & Fragrances Inc.   8-K:1,7,9   8/25/18    2:41K                                    Donnelley … Solutions/FA
 8/07/18  Int’l Flavors & Fragrances Inc.   10-Q        6/30/18   73:8.5M
 6/08/18  Int’l Flavors & Fragrances Inc.   8-K:1,2,9   6/06/18    3:1.1M                                   Donnelley … Solutions/FA
 5/24/18  Int’l Flavors & Fragrances Inc.   8-K:1,9     5/21/18    2:72K                                    Donnelley … Solutions/FA
 5/09/18  Int’l Flavors & Fragrances Inc.   8-K:1,7,9   5/07/18    3:657K                                   Donnelley … Solutions/FA
 2/27/18  Int’l Flavors & Fragrances Inc.   10-K       12/31/17  123:18M
 5/18/17  Int’l Flavors & Fragrances Inc.   8-K:1,2,9   5/15/17    4:253K                                   Donnelley … Solutions/FA
 2/28/17  Int’l Flavors & Fragrances Inc.   10-K       12/31/16  128:18M
12/05/16  Int’l Flavors & Fragrances Inc.   8-K:1,2,9  12/02/16    2:610K                                   Donnelley … Solutions/FA
 3/14/16  Int’l Flavors & Fragrances Inc.   8-K:1,2,9   3/14/16    3:160K                                   Donnelley … Solutions/FA
 3/02/16  Int’l Flavors & Fragrances Inc.   S-3ASR      3/02/16    6:797K                                   Donnelley … Solutions/FA
 3/01/16  Int’l Flavors & Fragrances Inc.   10-K       12/31/15  123:17M
11/09/15  Int’l Flavors & Fragrances Inc.   10-Q        9/30/15   68:6.2M
 5/12/15  Int’l Flavors & Fragrances Inc.   10-Q        3/31/15   78:7.6M
 5/28/14  Int’l Flavors & Fragrances Inc.   8-K:5,9     5/26/14    3:80K                                    Donnelley … Solutions/FA
 4/04/13  Int’l Flavors & Fragrances Inc.   8-K:1,9     4/01/13    4:523K                                   Donnelley … Solutions/FA
 2/28/12  Int’l Flavors & Fragrances Inc.   10-K       12/31/11  120:15M                                    Donnelley … Solutions/FA
 7/28/08  Int’l Flavors & Fragrances Inc.   8-K:1,5,7,9 7/22/08    5:216K                                   Edgar Ease Svc Bureau/FA
 2/27/08  Int’l Flavors & Fragrances Inc.   10-K       12/31/07   13:4.5M                                   Capital Systems 01/FA
 8/12/02  Int’l Flavors & Fragrances Inc.   10-Q        6/30/02    7:510K                                   Capital Systems 01/FA
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