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 16, 2023

Pursuant to the requirements of the Securities Exchange Act of 1934, this report has been signed below by the following persons on behalf of the registrant and in the capacities on June 16, 2023, as indicated.

SignatureTitle
/s/ Campbell P. BrownDirector, Chair of the Board
Campbell P. Brown
/s/ Lawson E. WhitingDirector, President and Chief Executive Officer of the Company
Lawson E. Whiting(Principal Executive Officer)
/s/ Stuart R. BrownDirector
Stuart R. Brown
/s/ Mark A. ClouseDirector
Mark A. Clouse
/s/ John D. CookDirector
John D. Cook
/s/ Marshall B. FarrerDirector
Marshall B. Farrer
/s/ Augusta Brown HollandDirector
Augusta Brown Holland
/s/ Michael J. RoneyDirector
Michael J. Roney
/s/ Jan E. SingerDirector
Jan E. Singer
SignatureTitle
/s/ Tracy L. SkeansDirector
Tracy L. Skeans
/s/ Elizabeth A. SmithDirector
Elizabeth A. Smith
/s/ Michael A. TodmanDirector
Michael A. Todman
/s/ Leanne D. CunninghamExecutive Vice President and Chief Financial Officer
Leanne D. Cunningham(Principal Financial Officer)
/s/ Kelli N. BrownSenior Vice President and Chief Accounting Officer
Kelli N. Brown(Principal Accounting Officer)

Brown-Forman Corporation and Subsidiaries

Schedule II – Valuation and Qualifying Accounts

For the Years Ended April 30, 2021, 2022, and 2023

(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
2021
Allowance for doubtful accounts$11$—$—$4(1)$7
Deferred tax valuation allowance$22$10$—$12$20
2022
Allowance for doubtful accounts$7$7$—$1(1)$13
Deferred tax valuation allowance$20$8$—$1$27
2023
Allowance for doubtful accounts$13$—$—$6(1)$7
Deferred tax valuation allowance$27$4$—$17$14

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

Previous: Item 15. Exhibits and Financial Statement Schedules