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Item 16. Form 10-K Summary

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Item 16. Form 10-K Summary

Not applicable.

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.

JABIL INC. Registrant
By:/s/ MARK T. MONDELLO
Mark T. Mondello Chief Executive Officer

Date: October 22, 2021

POWER OF ATTORNEY

KNOW ALL THESE PERSONS BY THESE PRESENTS, that each person whose signature appears below constitutes and appoints Mark T. Mondello and Michael Dastoor and each of them, jointly and severally, his or her attorneys-in-fact, each with full power of substitution, for him or her in any and all capacities, to sign any and all amendments to this Annual Report on Form 10-K, and to file the same, with exhibits thereto and other documents in connection therewith, with the Securities and Exchange Commission, hereby ratifying and confirming all that each said attorneys-in-fact or his substitute or substitutes, may do or cause to be done by virtue hereof.

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 and on the dates indicated:

SignatureTitleDate
By:/s/ TIMOTHY L. MAINChairman of the Board of DirectorsOctober 22, 2021
Timothy L. Main
By:/s/ THOMAS A. SANSONEVice Chairman of the Board of DirectorsOctober 22, 2021
Thomas A. Sansone
By:/s/ MARK T. MONDELLOChief Executive Officer and Director (Principal Executive Officer)October 22, 2021
Mark T. Mondello
By:/s/ MICHAEL DASTOORChief Financial Officer (Principal Financial and Accounting Officer)October 22, 2021
Michael Dastoor
By:/s/ ANOUSHEH ANSARIDirectorOctober 22, 2021
Anousheh Ansari
By:/s/ MARTHA F. BROOKSDirectorOctober 22, 2021
Martha F. Brooks
By:/s/ CHRISTOPHER S. HOLLANDDirectorOctober 22, 2021
Christopher S. Holland
By:/s/ JOHN C. PLANTDirectorOctober 22, 2021
John C. Plant
By:/s/ STEVEN A. RAYMUNDDirectorOctober 22, 2021
Steven A. Raymund
By:/s/ DAVID M. STOUTDirectorOctober 22, 2021
David M. Stout
By:/s/ KATHLEEN A. WALTERSDirectorOctober 22, 2021
Kathleen A. Walters

SCHEDULE II

JABIL INC. AND SUBSIDIARIES

SCHEDULE OF VALUATION AND QUALIFYING ACCOUNTS

(in millions)

Balance at Beginning of PeriodAdditions and Adjustments Charged to Costs and ExpensesAdditions/ (Reductions) Charged to Other AccountsWrite-offsBalance at End of Period
Reserve for excess and obsolete inventory:
Fiscal year ended August 31, 2021$85$33$—$(33)$85
Fiscal year ended August 31, 2020$70$60$—$(45)$85
Fiscal year ended August 31, 2019$61$34$—$(25)$70
Balance at Beginning of PeriodAdditions Charged to Costs and ExpensesAdditions/ (Reductions) Charged to Other AccountsReductions Charged to Costs and ExpensesBalance at End of Period
Valuation allowance for deferred taxes:
Fiscal year ended August 31, 2021$341$18$—$(6)$353
Fiscal year ended August 31, 2020$288$54$9$(10)$341
Fiscal year ended August 31, 2019$223$23$59$(17)$288

See accompanying report of independent registered public accounting firm.

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