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.
| Signature | Title | |||||||
| /s/ Campbell P. Brown | Director, Chair of the Board | |||||||
| Campbell P. Brown | ||||||||
| /s/ Lawson E. Whiting | Director, President and Chief Executive Officer of the Company | |||||||
| Lawson E. Whiting | (Principal Executive Officer) | |||||||
| /s/ Stuart R. Brown | Director | |||||||
| Stuart R. Brown | ||||||||
| /s/ Mark A. Clouse | Director | |||||||
| Mark A. Clouse | ||||||||
| /s/ John D. Cook | Director | |||||||
| John D. Cook | ||||||||
| /s/ Marshall B. Farrer | Director | |||||||
| Marshall B. Farrer | ||||||||
| /s/ Augusta Brown Holland | Director | |||||||
| Augusta Brown Holland | ||||||||
| /s/ Michael J. Roney | Director | |||||||
| Michael J. Roney | ||||||||
| /s/ Jan E. Singer | Director | |||||||
| Jan E. Singer | ||||||||
| Signature | Title | |||||||
| /s/ Tracy L. Skeans | Director | |||||||
| Tracy L. Skeans | ||||||||
| /s/ Elizabeth A. Smith | Director | |||||||
| Elizabeth A. Smith | ||||||||
| /s/ Michael A. Todman | Director | |||||||
| Michael A. Todman | ||||||||
| /s/ Leanne D. Cunningham | Executive Vice President and Chief Financial Officer | |||||||
| Leanne D. Cunningham | (Principal Financial Officer) | |||||||
| /s/ Kelli N. Brown | Senior 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. 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 | ||||||||||||||||||||||||
| 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