GENERAL MILLS INC
For the period ended May 31, 2026. Filed Jul 1, 2026.
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FY2026 · Filed Jul 1, 2026
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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.
GENERAL MILLS, INC.
| Date: | July 1, 2026 |
|---|---|
| By | /s/ Mark A. Pallot |
| Name: | Mark A. Pallot |
| Title: | Vice President, Chief Accounting 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 registrant and in the capacities and on the dates indicated.
| Signature | Title | Date |
|---|---|---|
| /s/ Jeffrey L HarmeningJeffrey L. Harmening | Chairman of the Board, Chief Executive Officer, and Director(Principal Executive Officer) | July 1, 2026 |
| /s/ Kofi A. BruceKofi A. Bruce | Chief Financial Officer(Principal Financial Officer) | July 1, 2026 |
| /s/ Mark A. PallotMark A. Pallot | Vice President, Chief Accounting Officer (Principal Accounting Officer) | July 1, 2026 |
| /s/ Joan BottariniJoan Bottarini | Director | July 1, 2026 |
| /s/ Benno O. DorerBenno O. Dorer | Director | July 1, 2026 |
| /s/ Maria G. HenryMaria G. Henry | Director | July 1, 2026 |
| /s/ Jo Ann JenkinsJo Ann Jenkins | Director | July 1, 2026 |
| /s/ Elizabeth C. LempresElizabeth C. Lempres | Director | July 1, 2026 |
| /s/ John G. MorikisJohn. G. Morikis | Director | July 1, 2026 |
| /s/ Dana M. McNabbDana M. McNabb | Chief Operating Officer and Director | July 1, 2026 |
| /s/ Diane L. NealDiane L. Neal | Director | July 1, 2026 |
| /s/ Steve OdlandSteve Odland | Director | July 1, 2026 |
| /s/ Maria A. SastreMaria A. Sastre | Director | July 1, 2026 |
| /s/ Eric D. SprunkEric D. Sprunk | Director | July 1, 2026 |
| /s/ Jorge A. UribeJorge A. Uribe | Director | July 1, 2026 |
| General Mills, Inc. and Subsidiaries | |||
|---|---|---|---|
| Schedule II - Valuation and Qualifying Accounts | |||
| Fiscal Year | |||
| In Millions | 2026 | 2025 | 2024 |
| Allowance for doubtful accounts: | |||
| Balance at beginning of year | $33.2 | $25.0 | $26.9 |
| Additions charged to expense | 28.8 | 36.6 | 27.6 |
| Bad debt write-offs | (28.3) | (28.5) | (29.4) |
| Other adjustments and reclassifications (a) | (0.6) | 0.1 | (0.1) |
| Balance at end of year | $33.1 | $33.2 | $25.0 |
| Valuation allowance for deferred tax assets: | |||
| Balance at beginning of year | $253.7 | $255.5 | $259.2 |
| Benefits to expense | (32.4) | (1.9) | (2.3) |
| Adjustments due to acquisitions, translation of amounts, and other | (6.7) | 0.1 | (1.4) |
| Balance at end of year | $214.6 | $253.7 | $255.5 |
| Reserve for restructuring, transformation, and other exit charges: | |||
| Balance at beginning of year | $77.1 | $14.8 | $47.7 |
| Additions charged to expense, including translation amounts | 8.4 | 70.1 | 0.1 |
| Net amounts utilized for restructuring and transformation activities | (35.6) | (7.8) | (33.0) |
| Balance at end of year | $49.9 | $77.1 | $14.8 |
| Reserve for LIFO valuation: | |||
| Balance at beginning of year | $545.6 | $541.1 | $600.9 |
| Increase | 40.7 | 4.5 | (59.8) |
| Balance at end of year | $586.3 | $545.6 | $541.1 |
(a)Includes a$1.1 million adjustment to reclassify a portion of the allowance for doubtful accounts as held for sale as of May
31, 2026. Please refer to Note 6 to the Consolidated Financial Statements in Item 8 of this report for additional information.
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