A Dark Vector Cognition product

Item 16. Form 10-K Summary

3K characters. Original on sec.gov ·

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.

BROWN-FORMAN CORPORATION (Registrant)
/s/ Lawson E. Whiting
By:Lawson E. Whiting
President and Chief Executive Officer
/s/ Jane C. Morreau
By:Jane C. Morreau
Executive Vice President and Chief Financial Officer
/s/ Kelli N. Brown
By:Kelli N. Brown
Senior Vice President and Chief Accounting Officer (Principal Accounting Officer)

Date: June 22, 2020

Brown-Forman Corporation and Subsidiaries

Schedule II – Valuation and Qualifying Accounts

For the Years Ended April 30, 2018**,** 2019**, and** 2020

(Expressed in millions)

Col. ACol. BCol. C(1)Col. C(2)Col. DCol. E
DescriptionBalance at Beginning of PeriodAdditions Charged to Costs and ExpensesAdditions Charged to Other AccountsDeductionsBalance at End of Period
2018
Allowance for doubtful accounts$7$—$—$—$7
Deferred tax valuation allowance$30$3$1$5$29
2019
Allowance for doubtful accounts$7$1$—$1(1)$7
Deferred tax valuation allowance$29$1$1$6$25
2020
Allowance for doubtful accounts$7$4$—$—$11
Deferred tax valuation allowance$25$2$—$5$22
(1)Doubtful accounts written off, net of recoveries.

Previous: Item 15. Exhibits and Financial Statement Schedules