{"schema_version":"secwatch.filing_event.v1","accession":"0000051253-23-000008","form_type":"8-K/A","ticker":"IFF","cik":"0000051253","company_name":"INTERNATIONAL FLAVORS & FRAGRANCES INC","filed_at":"2023-02-27T23:59:59+00:00","discovered_at":"2026-05-14T18:03:47.725921+00:00","generated_at":"2026-06-19T00:07:20.276511+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"IFF amends Q4/FY2022 results: $28M tax adjustment, $52M cash reclassification; net loss $1.87B","bullets":["Amendment adds $28M tax expense for Q4 and FY2022; no change to operating cash flow.","Cash reclassification adds $52M to operating cash flow and year-end cash balance.","FY2022 net loss attributable to IFF of $1,871M ($7.32 diluted EPS) vs. income $270M ($1.10) in 2021.","FY2022 includes $2.25B goodwill impairment and $120M long-lived asset impairment.","Adjusted (non-GAAP) EPS ex. amortization fell to $5.42 in FY2022 from $5.63 in FY2021."],"urls":{"canonical":"https://secwatch.observer/filing/0000051253-23-000008","json":"https://secwatch.observer/filing/0000051253-23-000008.json","markdown":"https://secwatch.observer/filing/0000051253-23-000008.md","text":"https://secwatch.observer/filing/0000051253-23-000008.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/51253/000005125323000008/0000051253-23-000008-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/51253/000005125323000008/iff-20230227.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-19T00:07:20.276511+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"6b85075e76f64dfd1479aec8b8c7939d8efb092c","claim":"INTERNATIONAL FLAVORS & FRAGRANCES INC reported Year Ended December 31, 2022 results: revenue $ 12,440, net income $ (1,871), EPS $ (7.32).","evidence_excerpt":"Net sales $ 2,844 $ 3,031 (6) % $ 12,440 $ 11,656 7 % Cost of goods sold 1,975 2,050 (4) % 8,289 7,921 5 % Gross profit 869 981 (11) % 4,151 3,735 11 % Research and development expenses 143 166 (14) % 603 629 (4) % Selling and administrative expenses 440 450 (2) % 1,768 1,749 1 % Restructuring and other charges 7 7 — % 12 41 (71) % Amortization of acquisition-related intangibles 175 185 (5) % 727 732 (1) % Impairment of goodwill — — NMF 2,250 — NMF Impairment of long-lived assets — — NMF 120 — NMF Gains on sale of fixed assets (1) — NMF (3) (1) 200 % Operating profit (loss) 105 173 (39) % (1,326) 585 NMF Interest expense 104 73 42 % 336 289 16 % Other expense (income), net 6 (14) (143) % (37) (58) (36) % (Loss) income before taxes (5) 114 (104) % (1,625) 354 NMF Provision for income taxes 19 22 (14) % 239 75 219 % Net (loss) income (24) 92 (126) % (1,864) 279 NMF Net income attributable to non-controlling interest 1 2 (50) % 7 9 (22) % Net (loss) income attributable to IFF shareholders","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/51253/000005125323000008/0000051253-23-000008-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"Year Ended December 31, 2022"},{"label":"Revenue","value":"$ 12,440"},{"label":"Net income","value":"$ (1,871)"},{"label":"EPS","value":"$ (7.32)"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"},{"claim_id":"ecd752b29832adc8149c437408aaa3bd46b6c672","claim":"INTERNATIONAL FLAVORS & FRAGRANCES INC reported Three Months Ended December 31, 2022 results: revenue $ 2,844, net income $ (25), EPS $ (0.10).","evidence_excerpt":"Net sales $ 2,844 $ 3,031 (6) % $ 12,440 $ 11,656 7 % Cost of goods sold 1,975 2,050 (4) % 8,289 7,921 5 % Gross profit 869 981 (11) % 4,151 3,735 11 % Research and development expenses 143 166 (14) % 603 629 (4) % Selling and administrative expenses 440 450 (2) % 1,768 1,749 1 % Restructuring and other charges 7 7 — % 12 41 (71) % Amortization of acquisition-related intangibles 175 185 (5) % 727 732 (1) % Impairment of goodwill — — NMF 2,250 — NMF Impairment of long-lived assets — — NMF 120 — NMF Gains on sale of fixed assets (1) — NMF (3) (1) 200 % Operating profit (loss) 105 173 (39) % (1,326) 585 NMF Interest expense 104 73 42 % 336 289 16 % Other expense (income), net 6 (14) (143) % (37) (58) (36) % (Loss) income before taxes (5) 114 (104) % (1,625) 354 NMF Provision for income taxes 19 22 (14) % 239 75 219 % Net (loss) income (24) 92 (126) % (1,864) 279 NMF Net income attributable to non-controlling interest 1 2 (50) % 7 9 (22) % Net (loss) income attributable to IFF shareholders","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/51253/000005125323000008/0000051253-23-000008-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"Three Months Ended December 31, 2022"},{"label":"Revenue","value":"$ 2,844"},{"label":"Net income","value":"$ (25)"},{"label":"EPS","value":"$ (0.10)"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}