51253--2/26/2009--INTERNATIONAL_FLAVORS_&_FRAGRANCES_INC

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{operation, international, foreign}
{financial, litigation, operation}
{cost, operation, labor}
{cost, regulation, environmental}
We are subject to economic and social changes which may impact sales. Results may be negatively impacted by the price, quality and availability of raw materials. Results may be negatively impacted by the inability to implement our business strategy, including the achievement of anticipated cost savings, profitability or growth targets. Results may be negatively affected by the impact of currency fluctuation or devaluation in principal foreign markets and the effectiveness of hedging and risk management strategies. Results may be negatively impacted by the outcome of uncertainties related to litigation.

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