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GENERAL MILLS INC

For the period ended May 25, 2025. Filed Jun 26, 2025.

View on SEC.gov

About this filing

A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.

FY2025 · Filed Jun 26, 2025

GIS$35.51-2.6%Stored close · as of Nov 6, 2026

What changed in Risk Factors?

Read the current filing

Previous report: 10-K

Period ended 2024-05-26; filed 2024-06-26.

0001193125-24-168943

Item 1A. Risk Factors

Current report: 10-K

Period ended 2025-05-25; filed 2025-06-26.

0001193125-25-147079

Item 1A. Risk Factors

The baseline is this issuer’s latest earlier reporting period of the same form that was filed before the current report. A previous 10-Q is a different quarter, not a year-over-year comparison. Amendments are excluded.

Compared 2129 previous paragraphs and 2200 current paragraphs.

1882 unchanged; 7 reworded; 310 added; 240 removed; 0 previous and 1 current paragraphs rearranged.

Tables are not compared: 0 previous and 0 current tables excluded. Dates, whitespace, punctuation and numbering changes are ignored; changes to financial figures remain significant.

A changed paragraph is not evidence that risk increased or decreased. An unchanged paragraph does not establish that risk stayed the same.

Added paragraphs (310)

Current report

countries and any retaliatory

Current report

actions taken by such

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countries), pandemics, war

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(including sanctions imposed

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on Russia for its

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of Ukraine),

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and changes in

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governmental agricultural

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policies and regulations.

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have become, and

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more volatile.

Current report

Commodity price

Current report

changes may

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unexpected increases

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material, packaging,

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transportation costs. If we

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are unable to increase

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productivity to offset

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these increased costs or

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increase our prices, we

Current report

fully hedge

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against changes

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in commodity

Showing the first 40 of 310 passages. Open the source sections for the rest.

Removed paragraphs (240)

Previous report

30 percent

Previous report

tariffs, pandemics, war (including international

Previous report

sanctions imposed on Russia for its invasion of Ukraine),

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and changes in governmental

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agricultural and

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energy policies

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have become,

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and may continue

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to be, more

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volatile. Commodity

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unexpected

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transportation

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increase productivity

Previous report

these increased

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prices, we

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do not fully

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hedge against changes

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in commodity prices,

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and the risk management

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procedures that we

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do use may

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not always work

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we intend.

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Our success

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depends in

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to anticipate

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the tastes,

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eating habits,

Previous report

and purchasing

Showing the first 40 of 240 passages. Open the source sections for the rest.

Reworded paragraphs (7)

Previous wording

customers, please see Note 8 to the Consolidated Financial Statements in Item 8 of this report.

Current wording

customers, please see Note 8 to the Consolidated Financial Statements in Item 8 of this

Previous wording

react to these changes and trends, such as adapting to emerging

Current wording

these changes and trends, such as

Previous wording

anticipated benefits, which could adversely affect our business and results of

Current wording

the anticipated benefits, which could adversely affect our business and

Previous wording

tariffs on products and ingredients that we import and export;

Current wording

ingredients that we import and export

Previous wording

to be adversely affected.

Current wording

our results of operations to be adversely affected.

Previous wording

may experience volatile earnings as a result of these accounting

Current wording

may experience volatile earnings as a result of these accounting treatments.

Previous wording

level of required maintenance expenditures, and the expected lives of other

Current wording

and the expected lives of other related groups of assets.
Rearranged current paragraphs (1)

Current report — wording carried from elsewhere

distribution channels), the level of required maintenance expenditures,