IFF 10-K Annual Report Dec. 31, 2018 | Alphaminr
INTERNATIONAL FLAVORS & FRAGRANCES INC
ALPHAMINR

IFF 10-K Fiscal year ended Dec. 31, 2018

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INTERNATIONAL FLAVORS & FRAGRANCES INC
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TABLE OF CONTENTS
Part IItem 1. BusinessItem 1A. Risk FactorsItem 1B. Unresolved Staff CommentsItem 2. PropertiesItem 3. Legal ProceedingsItem 4. Mine Safety DisclosuresPart IIItem 5. Market For Registrant S Common Equity, Related Stockholder Matters and Issuer Purchases Of Equity SecuritiesItem 6. Selected Financial DataItem 7. Management S Discussion and Analysis Of Financial Condition and Results Of OperationsItem 7A. Quantitative and Qualitative Disclosures About Market RiskItem 8. Financial Statements and Supplementary DataItem 9. Changes in and Disagreements with Accountants on Accounting and Financial DisclosureItem 9A. Controls and ProceduresItem 9B. Other InformationPart IIIItem 10. Directors, Executive Officers and Corporate GovernanceItem 11. Executive CompensationItem 12. Security Ownership Of Certain Beneficial Owners and Management and Related Stockholder MattersItem 13. Certain Relationships and Related Transactions, and Director IndependenceItem 14. Principal Accountant Fees and ServicesPart IVItem 15. Exhibits and Financial Statement SchedulesNote 1. Nature Of Operations and Summary Of Significant Accounting PoliciesNote 2. Restructuring and Other ChargesNote 3. AcquisitionsNote 4. Property, Plant and Equipment, NetNote 5. Goodwill and Other Intangible Assets, NetNote 6. Other AssetsNote 7. Other Current LiabilitiesNote 8. Sale and Leaseback TransactionsNote 9. Tangible Equity UnitsNote 10. DebtNote 11. Income TaxesNote 12. Net Income Per ShareNote 13. Shareholders EquityNote 14. Stock Compensation PlansNote 15. Segment InformationNote 16. Employee BenefitsNote 17. Financial InstrumentsNote 18. Accumulated Other Comprehensive Income (loss)Note 19. Concentrations Of Credit RiskNote 20. Commitments and ContingenciesNote 21. Redeemable Non-controlling InterestsItem 16. Form 10-k Summary

Exhibits

2.1 Agreement and Plan of Merger, dated May 7, 2018, by and among the Registrant, Frutarom Industries Ltd. and Icon Newco Ltd., incorporated by reference to Exhibit 2.1 to the Registrants Current Report on Form 8-K filed on May 9, 2018. 2.2 Amendment No.1 to Agreement and Plan of Merger, dated August25, 2018, by and among International Flavors & Fragrances, Inc., Frutarom Industries Ltd. and Icon Newco Ltd. incorporated by reference to Exhibit 2.1 to Registrants Current Report on Form8-K filed on August27, 2018. 3.2 Bylaws of International Flavors & Fragrances Inc., effective as of May 3, 2018, incorporated by reference to Exhibit 3(ii) to the Registrant's Current Report on Form 8-K filed on May 3, 2018. 4.1 Indenture, dated as of April 4, 2013, between the Registrant and U.S. Bank National Association, as Trustee (including the form of Notes), incorporated by reference to Exhibit4.1 to Registrants Current Report on Form8-K filed on April 4, 2013. 4.2 Indenture, dated as of March 2, 2016, between the Registrant and U.S. Bank National Association, as Trustee (including the form of Debt Security), incorporated by reference to Exhibit 4.1 to Registrants Registration Statement on Form S-3 (Registration No. 333-209889) filed on March 2, 2016. 4.3 First Supplemental Indenture, dated as of March 14, 2016, between the Registrant and U.S. Bank National Association, as Trustee (including the form of Notes), incorporated by reference to Exhibit 4.7 to Registrants Current Report on Form 8-K filed on March 14, 2016. 4.4 Second Supplemental Indenture, dated as of May 18, 2017, between the Registrant and U.S. Bank National Association, as Trustee (including the form of Notes), incorporated by reference to Exhibit 4.7 to Registrants Current Report on Form 8-K filed on May 18, 2017. 4.5 Third Supplemental Indenture, dated as of September 17, 2018, between International Flavors & Fragrances Inc. and U.S. Bank National Association, as trustee, incorporated by reference to Exhibit 4.5 to the Registrants Current Report on Form 8-K filed on September 17, 2018. 4.6 Form of Amortizing Note, incorporated by reference to Exhibit 4.6 to the Registrants Current Report on Form 8-K filed on September 17, 2018. 4.7 Purchase Contract Agreement, dated September 17, 2018, between International Flavors & Fragrances Inc. and U.S. Bank National Association, as purchase contract agent, as attorney-in-fact for holders of the purchase contracts refereed to therein and as trustee under the indenture referred to therein, incorporated by reference to Exhibit 4.1 to the Registrants Current Report on Form 8-K filed on September 17, 2018. 4.8 Form of Unit, incorporated by reference to Exhibit 4.2 to the Registrants Current Report on Form 8-K filed on September 17, 2018. 4.9 Form of Purchase Contract, incorporated by reference to Exhibit 4.3 to the Registrants Current Report on Form 8-K filed on September 17, 2018. 4.10 Fourth Supplemental Indenture, dated as of September 25, 2018, between International Flavors & Fragrances Inc. and U.S. Bank National Association, as trustee, incorporated by reference to Exhibit 4.2 to the Registrants Current Report on Form 8-K filed on September 25, 2018. 4.11 Form of Global Note for the 2021 Notes, incorporated by reference to Exhibit 4.3 to the Registrants Current Report on Form 8-K filed on September 25, 2018. 4.12 Form of Global Note for the 2026 Notes, incorporated by reference to Exhibit 4.4 to the Registrants Current Report on Form 8-K filed on September 25, 2018. 4.13 Fifth Supplemental Indenture, dated as of September 26, 2018, between International Flavors & Fragrances Inc. and U.S. Bank National Association, as trustee, incorporated by reference to Exhibit 4.2 to the Registrants Current Report on Form 8-K filed on September 26, 2018. 4.14 Form of Global Note for the 2020 Notes, incorporated by reference to Exhibit 4.3 to the Registrants Current Report on Form 8-K filed on September 26, 2018. 4.15 Form of Global Note for the 2028 Notes, incorporated by reference to Exhibit 4.4 to the Registrants Current Report on Form 8-K filed on September 26, 2018. 4.16 Form of Global Notes for the 2048 Notes, incorporated by reference to Exhibit 4.5 to the Registrants Current Report on Form 8-K filed on September 26, 2018. *10.1 Letter Agreement, dated as of May 26, 2014, between the Registrant and Andreas Fibig, incorporated by reference to Exhibit10.1 to the Registrants Current Report on Form8-K filed on May28, 2014. *10.2 Supplemental Retirement Plan, incorporated by reference to Exhibit 10.5 to Registrants Annual Report on Form10-K filed on February27, 2008. *10.3 2010 Stock Award and Incentive Plan, as amended and restated as of May 6, 2015, incorporated by reference to Exhibit 10.8 to Registrants Quarterly Report on Form 10-Q filed on May 12, 2015. *10.4 Form of U.S. Stock Settled Appreciation Rights Agreement under the 2010 Stock Award and Incentive Plan, incorporated by reference to Exhibit 10.29 to Registrants Annual Report on Form 10-K filed on February 28, 2012. *10.5 Form of Restricted Stock Units Agreement - Non-Employee Director under the 2010 Stock Award and Incentive Plan, incorporated by reference to Exhibit 10.32 to Registrants Annual Report on Form 10-K filed on February 28, 2012. *10.6 Form of Long-Term Incentive Plan Award Agreement under the 2010 Stock Award and Incentive Plan, incorporated by reference to Exhibit 10.30 to Registrants Annual Report on Form 10-K filed on February 25, 2014. *10.7 Form of Restricted Stock Units Award Agreement under the 2010 Stock Award and Incentive Plan, incorporated by reference to Exhibit 10.1 to Registrants Quarterly Report on Form 10-Q filed on May 6, 2014. *10.8 Form of Equity Choice Program Award Agreement under the 2010 Stock Award and Incentive Plan, incorporated by reference to Exhibit 10.2 to Registrants Quarterly Report on Form 10-Q filed on May 6, 2014. *10.9 2015 Stock Award and Incentive Plan, as amended and restated February 7, 2017, incorporated by reference to Exhibit 10.13 to Registrants Annual Report on Form 10-K filed on February 28, 2017. *10.10 Form of Annual Incentive Plan Award Agreement under the 2015 Stock Award and Incentive Plan, incorporated by reference to Exhibit 10.3 to Registrants Quarterly Report on Form 10-Q filed on May 12, 2015. *10.11 Form of Long-Term Incentive Plan Award Agreement under the 2015 Stock Award and Incentive Plan, incorporated by reference to Exhibit 10.4 to Registrants Quarterly Report on Form 10-Q filed on May 12, 2015. *10.12 Form of Equity Choice Program Award Agreement under the 2015 Stock Award and Incentive Plan, incorporated by reference to Exhibit 10.5 to Registrants Quarterly Report on Form 10-Q filed on May 12, 2015. *10.13 Form of Restricted Stock Units Award Agreement under the 2015 Stock Award and Incentive Plan, incorporated by reference to Exhibit 10.6 to Registrants Quarterly Report on Form 10-Q filed on May 12, 2015. *10.14 Form of Non-Employee Director Restricted Stock Units Award Agreement under the 2015 Stock Award and Incentive Plan, incorporated by reference to Exhibit 10.7 to Registrants Quarterly Report on Form 10-Q filed on May 12, 2015. *10.15 Form of Equity Choice Program Award Agreement under the 2015 Stock Award and Incentive Plan, incorporated by reference to Exhibit 10.1 to Registrants Quarterly Report on Form 10-Q filed on November 9, 2015. *10.16 Form of Long-Term Incentive Plan Award Agreement under the 2015 Stock Award and Incentive Plan, incorporated by reference to Exhibit 10.25 to Registrants Annual Report on Form 10-K filed on March 1, 2016. *10.17 Amended and Restated Executive Severance Policy, as amended through and including November 1, 2017. *10.18 Form of Director/Officer Indemnification Agreement, incorporated by reference to Exhibit 10.1 to Registrants Current Report on Form 8-K filed on July 28, 2008. *10.19 Form of Executive Death Benefit Program - Plan Agreement, incorporated by reference to Exhibit 10.27 to Registrants Annual Report on Form 10-K filed on February 28, 2012. *10.20 Deferred Compensation Plan, as amended and restated December 12, 2011, incorporated by reference to Exhibit 10.28 to Registrants Annual Report on Form 10-K filed on February 28, 2012. *10.21(i) Credit Agreement, dated as of November 9, 2011, amended and restated as of December 2, 2016, among the Registrant, International Flavors & Fragrances (Luxembourg) S..r.l., International Flavors & Fragrances (Nederland) Holding B.V., International Flavors & Fragrances I.F.F. (Nederland) B.V. and International Flavors & Fragrances (Greater Asia) PTE. Ltd., as borrowers, the banks, financial institutions and other institutional lenders party thereto, and Citibank, N.A. as administrative agent, incorporated by reference to Exhibit 10.28 to Registrants Current Report on Form 8-K filed on December 5, 2016. 10.21(ii) Amendment No. 1 to Credit Agreement, dated as of May 21, 2018, among the Registrant, International Flavors & Fragrances (Nederland) Holding B.V., International Flavors & Fragrances I.F.F. (Nederland) B.V. and International Flavors & Fragrances (Greater Asia) PTE. Ltd., as borrowers, the lenders signatory thereto and Citibank, N.A. as administrative agent, incorporated by reference to Exhibit 10.1 to the Registrants Current Report on Form 8-K filed on May 24, 2018. 10.21(iii) Amendment No. 2 to Credit Agreement, dated as of June 6, 2018, among the Registrant, International Flavors & Fragrances (Nederland) Holding B.V., International Flavors & Fragrances I.F.F. (Nederland) B.V. and International Flavors & Fragrances (Greater Asia) PTE. Ltd., as borrowers, the lenders signatory thereto and Citibank, N.A. as administrative agent, incorporated by reference to Exhibit 10.2 to the Registrants Current Report on Form 8-K filed on June 8, 2018. 10.21(iv) Amendment No. 3 to Credit Agreement, dated as of July 13, 2018, among the Registrant, International Flavors & Fragrances (Nederland) Holding B.V., International Flavors & Fragrances I.F.F. (Nederland) B.V. and International Flavors & Fragrances (Greater Asia) PTE. Ltd., as borrowers, the lenders signatory thereto and Citibank, N.A. as administrative agent, incorporated by reference to Exhibit 10.4 to the Registrants Quarterly Report on Form 10-Q filed on August 7, 2018. 10.22(i) Term Loan Credit Agreement, dated as of June 6, 2018, among the Registrant, as borrower, the lenders signatory thereto and Morgan Stanley Senior Funding, Inc. as administrative agent, incorporated by reference to Exhibit 10.1 to the Registrants Current Report on Form 8-K filed on June 8, 2018. 21.1 List of Principal Subsidiaries. 23 Consent of PricewaterhouseCoopers LLP. 31.1 Certification of Andreas Fibig pursuant to Section302 of the Sarbanes-Oxley Act of 2002. 31.2 Certification of Richard A. O'Leary pursuant to Section302 of the Sarbanes-Oxley Act of 2002. 32 Certification of Andreas Fibig and Richard A. O'Leary pursuant to 18 U.S.C. Section1350 as adopted pursuant to the Sarbanes-Oxley Act of 2002.