INDEX TO CONSOLIDATED FINANCIAL STATEMENTS Item 8. FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA Report of Independent Registered Public Accounting Firm 46 Report of Independent Registered Public Accounting Firm on Internal Control Over Financial Reporting 48 Consolidated Statements of Income for the years ended December 31, 2020, 2019 and 2018 50 Consolidated Statements of Comprehensive Income for the years ended December 31, 2020, 2019 and 2018 51 Consolidated Balance Sheets as of December 31, 2020 and 2019 52 Consolidated Statements of Cash Flows for the years ended December 31, 2020, 2019 and 2018 53 Consolidated Statements of Stockholders’ Equity for the years ended December 31, 2020, 2019 and 2018 54 Notes to Consolidated Financial Statements 55 Note 1 - Summary of Significant Accounting Policies 55 Note 2 - Business Acquisitions and Divestitures 61 Note 3 - Goodwill and Intangible Assets 64 Note 4 - Short and Long-Term Debt 65 Note 5 - Derivative Instruments 67 Note 6 - Fair Value Measurements 70 Note 7 - Leases 72 Note 8 - Assets and Liabilities Held for Sale 74 Note 9 - Business Realignment Activities 75 Note 10 - Income Taxes 77 Note 11 - Pension and Other Post-Retirement Benefit Plans 80 Note 12 - Stock Compensation Plans 86 Note 13 - Segment Information 89 Note 14 - Equity and Noncontrolling Interest 91 Note 15 - Commitments and Contingencies 93 Note 16 - Earnings Per Share 94 Note 17 - Other (Income) Expense, Net 96 Note 18 - Supplemental Balance Sheet Information 97 Note 19 - Quarterly Data (Unaudited) 98 Table of Contents The Hershey Company | 2020 Form 10-K | Page 45