Item 16. FORM 10-K SUMMARY

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Item 16. FORM 10-K SUMMARY

None.


Table of Contents			The Hershey Company \| 2021 Form 10-K \| Page 108

SIGNATURES

Pursuant to the requirements of Section 13 or 15(d) of the Securities Exchange Act of 1934, the Company has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized, this 18th day of February, 2022.


						THE HERSHEY COMPANY
						(Registrant)

By:						/s/ STEVEN E. VOSKUIL
						Steven E. Voskuil
						Senior Vice President, Chief Financial Officer

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 Company and in the capacities and on the date indicated.


Signature	Title	Date

/s/ MICHELE G. BUCK	Chairman of the Board, President and Chief Executive Officer	February 18, 2022
Michele G. Buck	(Principal Executive Officer)

/s/ STEVEN E. VOSKUIL	Senior Vice President, Chief Financial Officer	February 18, 2022
Steven E. Voskuil	(Principal Financial Officer)

/s/ JENNIFER L. MCCALMAN	Vice President, Chief Accounting Officer	February 18, 2022
Jennifer L. McCalman	(Principal Accounting Officer)

/s/ ANTHONY J. PALMER	Lead Independent Director	February 18, 2022
Anthony J. Palmer

/s/ PAMELA M. ARWAY	Director	February 18, 2022
Pamela M. Arway

/s/ JAMES W. BROWN	Director	February 18, 2022
James W. Brown

/s/ VICTOR L. CRAWFORD	Director	February 18, 2022
Victor L. Crawford

/s/ ROBERT M. DUTKOWSKY	Director	February 18, 2022
Robert M. Dutkowsky

/s/ MARY KAY HABEN	Director	February 18, 2022
Mary Kay Haben

/s/ JAMES C. KATZMAN	Director	February 18, 2022
James C. Katzman

/s/ M. DIANE KOKEN	Director	February 18, 2022
M. Diane Koken

/s/ ROBERT M. MALCOLM	Director	February 18, 2022
Robert M. Malcolm

/s/ JUAN R. PEREZ	Director	February 18, 2022
Juan R. Perez

/s/ WENDY L. SCHOPPERT	Director	February 18, 2022
Wendy L. Schoppert


Table of Contents			The Hershey Company \| 2021 Form 10-K \| Page 109

THE HERSHEY COMPANY AND SUBSIDIARIES

SCHEDULE II—VALUATION AND QUALIFYING ACCOUNTS

For the Years Ended December 31, 2021, 2020 and 2019


			Additions
Description	Balance at Beginning of Period		Charged to Costs and Expenses		Charged to Other Accounts		Deductions from Reserves		Balance at End of Period
In thousands of dollars

For the year ended December 31, 2021
Allowances deducted from assets
Accounts receivable—trade, net (a)	$	24,975	$	198,608	$	—	$	(194,746)	$	28,837
Valuation allowance on net deferred taxes (b)	193,310		9,759		—		(18,173)		184,896
Inventory obsolescence reserve (c)	17,703		27,657		—		(25,888)		19,472
Total allowances deducted from assets	$	235,988	$	236,024	$	—	$	(238,807)	$	233,205

For the year ended December 31, 2020
Allowances deducted from assets
Accounts receivable—trade, net (a)	$	24,966	$	180,764	$	—	$	(180,755)	$	24,975
Valuation allowance on net deferred taxes (b)	206,743		2,603		—		(16,036)		193,310
Inventory obsolescence reserve (c)	22,049		27,162		—		(31,508)		17,703
Total allowances deducted from assets	$	253,758	$	210,529	$	—	$	(228,299)	$	235,988

For the year ended December 31, 2019
Allowances deducted from assets
Accounts receivable—trade, net (a)	$	24,610	$	159,140	$	—	$	(158,784)	$	24,966
Valuation allowance on net deferred taxes (b)	239,959		(26,270)		—		(6,946)		206,743
Inventory obsolescence reserve (c)	20,136		27,157		—		(25,244)		22,049
Total allowances deducted from assets	$	284,705	$	160,027	$	—	$	(190,974)	$	253,758

(a) Includes allowances for doubtful accounts, anticipated discounts and write-offs of uncollectible accounts receivable.

(b) Includes adjustments to the valuation allowance for deferred tax assets that we do not expect to realize, as well as the release of valuation allowances.


Table of Contents			The Hershey Company \| 2021 Form 10-K \| Page 110

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