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Item 16. Form 10-K Summary

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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

Date: June 21, 2021

/s/ George Garvin Brown IV
By:George Garvin Brown IV
Director, Chair of the Board
/s/ Lawson E. Whiting
By:Lawson E. Whiting
Director, President and Chief Executive Officer of the Company (Principal Executive Officer)
/s/ Patrick Bousquet-Chavanne
By:Patrick Bousquet-Chavanne
Director
/s/ Campbell P. Brown
By:Campbell P. Brown
Director
/s/ Stuart R. Brown
By:Stuart R. Brown
Director
/s/ John D. Cook
By:John D. Cook
Director
/s/ Marshall B. Farrer
By:Marshall B. Farrer
Director
/s/ Laura L. Frazier
By:Laura L. Frazier
Director
/s/ Kathleen M. Gutmann
By:Kathleen M. Gutmann
Director
/s/ Augusta Brown Holland
By:Augusta Brown Holland
Director
/s/ Michael J. Roney
By:Michael J. Roney
Director
/s/ Tracy L. Skeans
By:Tracy L. Skeans
Director
/s/ Michael A. Todman
By:Michael A. Todman
Director
/s/ Jane C. Morreau
By:Jane C. Morreau
Executive Vice President and Chief Financial Officer (Principal Financial Officer)
/s/ Kelli N. Brown
By:Kelli N. Brown
Senior Vice President and Chief Accounting Officer (Principal Accounting Officer)

Brown-Forman Corporation and Subsidiaries

Schedule II – Valuation and Qualifying Accounts

For the Years Ended April 30, 2019, 2020, and 2021

(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
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
2021
Allowance for doubtful accounts$11$—$—$4(1)$7
Deferred tax valuation allowance$22$10$—$12$20

(1)Doubtful accounts written off, net of recoveries.

Previous: Item 15. Exhibits and Financial Statement Schedules