content_image/1039627.jpg
## THE HERSHEY COMPANY AND SUBSIDIARIES SCHEDULE II—VALUATION AND QUALIFYING ACCOUNTS For the Years Ended December 31, 2020, 2019 and 2018 

<img src='content_image/1039627.jpg'>

(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. 

(c) Includes adjustments to the inventory reserve, transfers, disposals and write-offs of obsolete inventory. 

