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. A
Col. B
Col. C(1)
Col. C(2)
Col. D
Col. E
Description
Balance at Beginning of Period
Additions Charged to Costs and Expenses
Additions Charged to Other Accounts
Deductions
Balance 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.