General Mills (GIS) 10-Q 21 Sep 16 2017 Q1 Quarterly report Financial data

DOCUMENT AND ENTITY INFORMATION

DOCUMENT AND ENTITY INFORMATION - shares	3 Months Ended
	Aug. 28, 2016	Sep. 09, 2016
Document And Entity Information [Abstract]
Document Type	10-Q
Document Period End Date	Aug. 28, 2016
Amendment Flag	false
Document Fiscal Year Focus	2,017
Document Fiscal Period Focus	Q1
Current Fiscal Year End Date	--05-28
Entity Central Index Key	40,704
Trading Symbol	GIS
Entity Registrant Name	GENERAL MILLS INC,
Entity Filer Category	Large Accelerated Filer
Entity Current Reporting Status	Yes
Entity Voluntary Filers	No
Entity Well Known Seasoned Issuer	Yes
Entity Common Stock, Shares Outstanding		591,383,342

CONSOLIDATED STATEMENTS OF EARN

CONSOLIDATED STATEMENTS OF EARNINGS (Unaudited) - USD ($) $ in Millions	3 Months Ended
	Aug. 28, 2016	Aug. 30, 2015
CONSOLIDATED STATEMENTS OF EARNINGS [ABSTRACT]
Net sales	$ 3,907.9	$ 4,207.9
Cost of sales	2,491	2,653.3
Selling, general, and administrative expenses	712.2	811.2
Restructuring, impairment, and other exit costs	58.9	60.1
Operating profit	645.8	683.3
Interest, net	73.9	75.3
Earnings before income taxes and after-tax earnings from joint ventures	571.9	608
Income taxes	176.6	198.6
After-tax earnings from joint ventures	24.2	25.7
Net earnings, including earnings attributable to redeemable and noncontrolling interests	419.5	435.1
Net earnings (loss) attributable to redeemable and noncontrolling interests	10.5	8.5
Net earnings attributable to General Mills	$ 409	$ 426.6
Earnings per share - basic	$ 0.68	$ 0.71
Earnings per share - diluted	0.67	0.69
Dividends per share	$ 0.48	$ 0.44

CONSOLIDATED STATEMENTS OF COMP

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (Unaudited) - USD ($) $ in Millions		3 Months Ended
		Aug. 28, 2016	Aug. 30, 2015
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME [ABSTRACT]
Net earnings, including earnings attributable to redeemable and noncontrolling interests		$ 419.5	$ 435.1
Other Comprehensive Income (Loss), Net of Tax:
Foreign currency translation		80.4	(142.2)
Other fair value changes:
Securities		0.4	(0.1)
Hedge derivatives		15.2	10.3
Reclassification to earnings:
Hedge derivatives	[1]	(2.8)	0.7
Amortization of losses and prior service costs	[2]	30.6	30.9
Other comprehensive income (loss), net of tax		123.8	(100.4)
Total comprehensive income (loss)		543.3	334.7
Comprehensive income (loss) attributable to redeemable and noncontrolling interests		6.8	17.6
Total comprehensive income (loss) attributable to General Mills		$ 536.5	$ 317.1
[1]	(Gain) loss reclassified from AOCI into earnings is reported in interest, net for interest rate swaps and in cost of sales and selling, general, and administrative (SG&A) expenses for foreign exchange contracts.
[2]	Loss reclassified from AOCI into earnings is reported in SG&A expenses.

CONSOLIDATED BALANCE SHEETS (Un

CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($) $ in Millions	Aug. 28, 2016	May 29, 2016
Current assets:
Cash and cash equivalents	$ 765.7	$ 763.7
Receivables	1,446.1	1,360.8
Inventories	1,547.5	1,413.7
Prepaid expenses and other current assets	433.7	399
Total current assets	4,193	3,937.2
Land, buildings, and equipment	3,655.3	3,743.6
Goodwill	8,758.2	8,741.2
Other intangible assets	4,552.2	4,538.6
Other assets	754.4	751.7
Total assets	21,913.1	21,712.3
Current liabilities:
Accounts payable	1,944.8	2,046.5
Current portion of long-term debt	1,103.4	1,103.4
Notes payable	690.5	269.8
Other current liabilities	1,476.4	1,595
Total current liabilities	5,215.1	5,014.7
Long-term debt	7,078	7,057.7
Deferred income taxes	1,442.7	1,399.6
Other liabilities	2,047.7	2,087.6
Total liabilities	15,783.5	15,559.6
Redeemable interest	841	845.6
Stockholders' Equity:
Common stock, 754.6 shares issued, $0.10 par value	75.5	75.5
Additional paid-in capital	1,185.1	1,177
Retained earnings	12,734.6	12,616.5
Common stock in treasury, at cost	(6,602.2)	(6,326.6)
Accumulated other comprehensive loss	(2,484.7)	(2,612.2)
Total stockholders' equity	4,908.3	4,930.2
Noncontrolling interests	380.3	376.9
Total equity	5,288.6	5,307.1
Total liabilities and equity	$ 21,913.1	$ 21,712.3

CONSOLIDATED BALANCE SHEETS (U5

CONSOLIDATED BALANCE SHEETS (Unaudited) (Paranthetical) - $ / shares shares in Millions	Aug. 28, 2016	May 29, 2016	May 31, 2015
Stockholders' Equity:
Common stock, shares issued	754.6	754.6
Common stock, par value	$ 0.1	$ 0.1	$ 0.1
Common stock in treasury, shares	160	157.8

CONSOLIDATED STATEMENTS OF TOTA

CONSOLIDATED STATEMENTS OF TOTAL EQUITY AND REDEEMABLE INTEREST (Unaudited) - USD ($) shares in Millions, $ in Millions	Total	Issued-Common Stock [Member]	Additional Paid-In Capital [Member]	Treasury Stock [Member]	Retained Earnings [Member]	Accumulated Other Comprehensive Income (Loss) [Member]	Noncontrolling Interests [Member]	Redeemable Interest [Member]
Beginning balance, equity at May. 31, 2015	$ 5,392.7	$ 75.5	$ 1,296.7	$ (6,055.6)	$ 11,990.8	$ (2,310.7)	$ 396
Beginning balance, equity attributable to redeemable noncontrolling interest at May. 31, 2015								$ 778.9
Beginning balance, common stock shares at May. 31, 2015		754.6
Beginning balance, treasury stock shares at May. 31, 2015				(155.9)
Total comprehensive income (loss)	1,407.1				1,697.4	(301.5)	11.2
Total comprehensive income (loss) attributable to redeemable interests								30.3
Cash dividends declared	(1,071.7)				(1,071.7)
Shares purchased, value	(606.7)			$ (606.7)
Shares purchased, shares				(10.7)
Stock compensation plans (includes income tax benefits), value	289.4		(46.3)	$ 335.7
Stock compensation plans (includes income tax benefits), shares				8.8
Unearned compensation related to restricted stock unit awards	(63.3)		(63.3)
Earned compensation	84.8		84.8
Decrease (increase) in redemption value of redeemable interest	(91.5)		(91.5)					91.5
Acquisition of interest in subsidiary	(4.5)		(3.4)				(1.1)
Distributions to noncontrolling and redeemable interest holders	(29.2)						(29.2)	(55.1)
Ending balance, equity at May. 29, 2016	5,307.1	$ 75.5	1,177	$ (6,326.6)	12,616.5	(2,612.2)	376.9
Ending balance, equity attributable to redeemable noncontrolling interest at May. 29, 2016	$ 845.6							845.6
Ending balance, common stock shares at May. 29, 2016	754.6	754.6
Ending balance, treasury stock shares at May. 29, 2016	(157.8)			(157.8)
Total comprehensive income (loss)	$ 541.1				409	127.5	4.6
Total comprehensive income (loss) attributable to redeemable interests								2.2
Cash dividends declared	(290.9)				(290.9)
Shares purchased, value	$ (399.7)			$ (399.7)
Shares purchased, shares	(5.6)			(5.6)
Stock compensation plans (includes income tax benefits), value	$ 159.7		35.6	$ 124.1
Stock compensation plans (includes income tax benefits), shares				3.4
Unearned compensation related to restricted stock unit awards	(72.4)		(72.4)
Earned compensation	38.1		38.1
Decrease (increase) in redemption value of redeemable interest	6.8		6.8					(6.8)
Distributions to noncontrolling and redeemable interest holders	(1.2)						(1.2)	0
Ending balance, equity at Aug. 28, 2016	5,288.6	$ 75.5	$ 1,185.1	$ (6,602.2)	$ 12,734.6	$ (2,484.7)	$ 380.3
Ending balance, equity attributable to redeemable noncontrolling interest at Aug. 28, 2016	$ 841							$ 841
Ending balance, common stock shares at Aug. 28, 2016	754.6	754.6
Ending balance, treasury stock shares at Aug. 28, 2016	(160)			(160)

CONSOLIDATED STATEMENTS OF TOT7

CONSOLIDATED STATEMENTS OF TOTAL EQUITY AND REDEEMABLE INTEREST (Unaudited) (Paranthetical) $ in Millions, shares in Billions	USD ($)$ / sharesshares
CONSOLIDATED STATEMENTS OF TOTAL EQUITY AND REDEEMABLE INTEREST (Unaudited) (Parenthetical) [ABSTRACT]
Par Value Common Stock	$ 0.1
Common Stock, Shares Authorized | shares	1
Cash dividends declared per share	$ 1.78
Stock compensation plans, income tax benefits | $	$ 94.1
Par Value Common Stock	$ 0.1
Common Stock, Shares Authorized | shares	1
Cash dividends declared per share	$ 0.48
Stock compensation plans, income tax benefits | $	$ 53
Par Value Common Stock	$ 0.1
Common Stock, Shares Authorized | shares	1

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($) $ in Millions	3 Months Ended
	Aug. 28, 2016	Aug. 30, 2015
Cash Flows - Operating Activities
Net earnings, including earnings attributable to redeemable and noncontrolling interests	$ 419.5	$ 435.1
Adjustments to reconcile net earnings to net cash provided by operating activities:
Depreciation and amortization	152.5	143.9
After-tax earnings from joint ventures	(24.2)	(25.7)
Distributions of earnings from joint ventures	26.4	19.1
Stock-based compensation	38.8	31.3
Deferred income taxes	36	20.7
Tax benefit on exercised options	(53)	(37.4)
Pension and other postretirement benefit plan contributions	(11.3)	(10.6)
Pension and other postretirement benefit plan costs	8.9	29.5
Restructuring, impairment, and other exit costs	56.6	47.5
Changes in current assets and liabilities	(357.1)	(200.2)
Other, net	(4.8)	(22.3)
Net cash provided by operating activities	288.3	430.9
Cash Flows - Investing Activities
Purchases of land, buildings, and equipment	(153.5)	(147.2)
Investments in affilates, net	8.1	1
Proceeds from disposal of land, buildings, and equipment	0.4	0.4
Exchangeable note	13	0
Other, net	4.7	6.7
Net cash used by investing activities	(127.3)	(139.1)
Cash Flows - Financing Activities
Change in notes payable	419.6	211.7
Payment of long-term debt	0	(0.2)
Proceeds from common stock issued on exercised options	63.6	47.7
Tax benefit on exercised options	53	37.4
Purchases of common stock for treasury	(399.7)	(152.1)
Dividends paid	(290.9)	(266.5)
Distributions to noncontrolling and redeemable interest holders	(1.2)	(35)
Other, net	(0.1)	0.1
Net cash used by financing activities	(155.7)	(156.9)
Effect of exchange rate changes on cash and cash equivalents	(3.3)	(18.5)
Increase in cash and cash equivalents	2	116.4
Cash and cash equivalents - beginning of year	763.7	334.2
Cash and cash equivalents - end of period	765.7	450.6
Cash Flow from changes in current assets and liabilities:
Receivables	(81.7)	(162.6)
Inventories	(122.2)	(275.2)
Prepaid expenses and other current assets	(34.2)	(34.3)
Accounts payable	(49.7)	132.8
Other current liabilities	(69.3)	139.1
Changes in current assets and liabilities	$ (357.1)	$ (200.2)

BACKGROUND

BACKGROUND	3 Months Ended
	Aug. 28, 2016
Background [Abstract]
Background	(1) Background The accompanying Consolidated Financial Statements of General Mills, Inc. (we, us, our, General Mills, or the Company) have been prepared in accordance with accounting principles generally accepted in the United States for interim financial information and with the rules and regulations for reporting on Form 10-Q. Accordingly, they do not include certain information and disclosures required for comprehensive financial statements. In the opinion of management, all adjustments considered necessary for a fair presentation have been included and are of a normal recurring nature, including the elimination of all intercompany transactions and any noncontrolling and redeemable interests’ share of those transactions. Operating results for the quarter ended August 28, 2016 are not necessarily indicative of the results that may be expected for the fiscal year ending May 28, 2017 . These s tatements should be read in conjunction with the Consolidated Financial Statements and footnotes included in our Annual Report on Form 10-K for the fiscal year ended May 29, 2016 . The accounting policies used in preparing these Consolidated Financial Statement s are the same as those described in Note 2 to the Consolidated Financial Statements in that Form 10-K.

DIVESTITURE

DIVESTITURE	3 Months Ended
	Aug. 28, 2016
Divestiture [Abstract]
Divestiture	( 2 ) Divestiture During the second quarter of fiscal 2016, we sold our North American Gr een Giant product lines for $822.7 million in cash, and we recorded a pre-tax gain of $199.1 million. We received net cash proceeds of $788 .0 million after transaction- related costs. After the divestiture we retained a brand intangible asset on our Consolidated Balance Sheets of $30.1 million related to our continued use of the Green Giant brand in certain markets outside of North America.

RESTRUCTURING INITIATIVES

RESTRUCTURING INITIATIVES	3 Months Ended
	Aug. 28, 2016
Restructuring Initiatives [Abstract]
Restructuring Initiatives	( 3 ) Restructuring Initiatives We are currently pursuing several multi-year restructuring initiatives designed to increase our efficiency and focus our business behind our key growth strategies. Char ges related to these activities were as follows: Quarter Ended Quarter Ended Aug. 28, 2016 Aug. 30, 2015 In Millions Severance Asset Write-offs Accelerated Depreciation Other Total Severance Asset Write-offs Accelerated Depreciation Other Total Restructuring of certain International product lines $ 2.3 $ 33.6 $ - $ 0.5 $ 36.4 $ - $ - $ - $ - $ - Closure of Vineland, New Jersey plant 12.4 - 7.0 1.5 20.9 - - - - - Project Compass - - 0.2 0.8 1.0 44.9 - - 6.6 51.5 Project Century 0.3 3.1 9.2 1.6 14.2 2.3 2.4 21.4 4.1 30.2 Project Catalyst - - - - - 0.2 - - - 0.2 Total $ 15.0 $ 36.7 $ 16.4 $ 4.4 $ 72.5 $ 47.4 $ 2.4 $ 21.4 $ 10.7 $ 81.9 In the first quarter of fiscal 2017, we announced a plan to restructure certain product lines in our International segment. To eliminate excess capacity, we will close our snacks manufacturing facility in Marília, Brazil and cease production operations for meals and snacks at our facility in São Bernardo do Campo, Brazil. We will also cease production of certain underperforming snack products at our facility in Nanjing, China. These and other actions, which are subject to appropriate consultation with em ployees and their representatives where required by law or practice, will affect approximately 420 positions in our Brazilian operations and approximately 440 positions in our Greater China operations. In the first quarter of fiscal 2017, we recorded $36.4 million of these charges, including $2.3 million of severance charges and $33.6 million of impairment charges to write down assets to their net realizable value. We expect these actions to be completed by the end of fiscal 2017 with total charges of appro ximately $43 million, of which approximately $8 million will be cash. In the first quarter of fiscal 2017, we approved a plan to close our Vineland, New Jersey facility to eliminate excess soup capacity in our U.S. Retail Segment supply chain. This action will affect approximately 370 positions, and we recorded a charge of $20.9 million, including $12.4 million of severance charges and $7.0 million of accelerated depreciation in the first quarter of fiscal 2017. We expect to record approximately $27 millio n of additional expense in fiscal 2017, primarily accelerated depreciation. We expect this action to be completed by the end of fiscal 2019 with total charges of approximately $66 million, of which approximately $23 million will be cash. In the first quart er of fiscal 2016, we approved Project Compass, a restructuring plan designed to enable our International segment to accelerate long-term growth through increased organizational effectiveness and reduced administrative expense. In connection with this proj ect, we expect to eliminate approximately 725 to 775 positions . We expect to incur approximately $ 60 million of net expenses , all of which will be cash. We recorded $ 1.0 million of restructuring charges in the first quarter of fiscal 2017 and $51.5 millio n of restructuring charges in the first quarter of fiscal 2016 relating to this action, which we expect to be completed by the end of fiscal 2017. Project Century (Century) began in fiscal 2015 and is a review of our manufacturing and distribution network to streamline operations and identify potential capacity reductions. As part of Century, in the first quarter of fiscal 2016, we approved a restructuring plan to close our cereal and dry dinner manufacturing plant in West Chicago, Illinois in our U.S. Ret ail segment supply chain. This action will affect approximately 500 positions, and we ex pect to incur approximately $117 million of net expenses relating to this action, of which appr oximately $53 milli on will be cash. We recorded $7.4 million of restructu ring charges in the first quarter of fiscal 2017 relating to this action. We expect this action to be completed by the end of fiscal 2019. A s part of Century, in the first quarter of fiscal 2016, we approved a restructuring plan to close our snacks manufact uring facility in Joplin, Missouri in our U.S. Retail segment supply chain. This action affected approximately 120 positions, and we incur red $6.3 million of net expenses relating to this action including $4.9 million in the first quarter of fiscal 2016 , o f which less than $1 million w as cash. T his action was com pleted in fiscal 2016 . In addition, w e recorded restructuring charges of $6.8 million in the first quarter of fiscal 2017 and $25.3 million in first quarter of fiscal 2016 relating to other Century actions previously announced. We paid $15. 9 million in cash relating to restructuring initiatives in the first quarter of fiscal 2017 and $34.3 million in first quarter of fiscal 2016. In addition to restructuring charges, we recorded $13.8 million of pr oject-related costs in cost of sales in the first quarter of fiscal 2017 and $13.1 million in the first quarter of 2016. We paid $16.7 million in cash in the first quarter of fiscal 2017 and $ 12.2 million in the same period of fiscal 2016 for project-relat ed costs. We expect to incur approximately $38 million of project-related costs in future periods related to our restructuring initiatives. Restructuring cha r ges and project-related costs are recorded in our Consolidated Statements of Earnings as follows: Quarter Ended In Millions Aug. 28, 2016 Aug. 30, 2015 Cost of sales $ 13.6 $ 21.8 Restructuring, impairment, and other exit costs 58.9 60.1 Total restructuring charges 72.5 81.9 Project-related costs classified in cost of sales $ 13.8 $ 13.1 The roll forward of our restructuring and other exit cost reserves, included in other current liabilities, is as follows: In Millions Severance Contract Termination Other Exit Costs Total Reserve balance as of May 29, 2016 $ 73.6 $ 1.5 $ 1.5 $ 76.6 Fiscal 2017 charges, including foreign currency translation 14.9 - 0.8 15.7 Utilized in fiscal 2017 (19.8) (0.6) (0.1) (20.5) Reserve balance as of Aug. 28, 2016 $ 68.7 $ 0.9 $ 2.2 $ 71.8 The charges recognized in the roll forward of our reserves for restructuring and other exit costs do not include items charged directly to expense (e.g., asset impairment charges, the gain or loss on the sale of restructured assets, and the write-off of spare parts) and other periodic exit costs recognized as incurred, as those items are not reflected in our restructuring and other exit cost reserves on our Consolidated Balance Sheets.

GOODWILL AND OTHER INTANGIBLE A

GOODWILL AND OTHER INTANGIBLE ASSETS	3 Months Ended
	Aug. 28, 2016
Goodwill and Other Intangible Assets [Abstract]
Goodwill and Other Intangible Assets	( 4 ) Goodwill and Other Intangible Assets The components of goodwill and other intangible assets are as follows : In Millions Aug. 28, 2016 May 29, 2016 Goodwill $ 8,758.2 $ 8,741.2 Other intangible assets: Intangible assets not subject to amortization: Brands and other indefinite-lived intangibles 4,165.7 4,147.5 Intangible assets subject to amortization: Franchise agreements, customer relationships, and other finite-lived intangibles 538.4 536.9 Less accumulated amortization (151.9) (145.8) Intangible assets subject to amortization, net 386.5 391.1 Other intangible assets 4,552.2 4,538.6 Total $ 13,310.4 $ 13,279.8 Based on the carrying value of finite-lived intangible assets as of August 28, 2016 , annual amortization expense for each of the next five fiscal years is estimated to be approximately $28 million. The changes in the carrying amount of goodwill during fiscal 2017 were as follows: In Millions U.S. Retail International Convenience Stores and Foodservice Joint Ventures Total Balance as of May 29, 2016 $ 6,292.9 $ 1,121.0 $ 921.1 $ 406.2 $ 8,741.2 Other activity, primarily foreign currency translation - 14.1 - 2.9 17.0 Balance as of Aug. 28, 2016 $ 6,292.9 $ 1,135.1 $ 921.1 $ 409.1 $ 8,758.2 The changes in the carrying amount of other intangible assets during fiscal 2017 were as follows: In Millions U.S. Retail International Joint Ventures Total Balance as of May 29, 2016 $ 3,211.7 $ 1,263.9 $ 63.0 $ 4,538.6 Other activity, primarily foreign currency translation (0.9) 13.6 0.9 13.6 Balance as of Aug. 28, 2016 $ 3,210.8 $ 1,277.5 $ 63.9 $ 4,552.2 As of our fiscal 2016 annual goodwill and indefinite-lived intangible asset impairment assessment date, there was no impairment of any of our goodwill or indefinite-lived intangible assets as their related fair values were substantially in excess of the carrying values, except for the Mountain High and Uncle Toby’s brand assets . The excess fair value above the carrying value of these brand assets is as follows: In Millions Carrying Value Excess Fair Value Above Carrying Value Mountain High $ 35.4 20% Uncle Toby's $ 52.2 11% Our strategies for fiscal 2017 and fiscal 2018 will focus our investments on our brands and platforms with the strongest profitable growth potential. As a result, certain parts of our U.S. Retail segment could experience reduced future sales projections. We performed a sensitivity analysis for certain brand intangible assets and determined that, while not impaired as of May 29, 2016, the Progresso and Food Should Taste Good brands had risk of decreasing coverage. We will continue to monitor th ese businesses for potential impairment.

INVENTORIES

INVENTORIES	3 Months Ended
	Aug. 28, 2016
Inventories [Abstract]
Inventories	(5 ) Inventories The components of inventories were as follows: In Millions Aug. 28, 2016 May 29, 2016 Raw materials and packaging $ 423.5 $ 397.3 Finished goods 1,277.2 1,163.1 Grain 63.0 72.6 Excess of FIFO over LIFO cost (216.2) (219.3) Total $ 1,547.5 $ 1,413.7

RISK MANAGEMENT ACTIVITIES

RISK MANAGEMENT ACTIVITIES	3 Months Ended
	Aug. 28, 2016
Risk Management Activities [Abstract]
Risk Management Activities	( 6 ) Risk Management Activities Many commodities we use in the production and distribution of our products are exposed to market price risks. We utilize derivatives to manage price risk for our principal ingredients and energy costs, including grains (oats, wheat, and corn), oils (principally soybean), non-fat dry milk, natural gas, and diesel fuel. Our primary objective when entering into these derivative contracts is to achieve certainty with regard to the future price of commodities purchased for use in our supply chain. We mana ge our exposures through a combination of purchase orders, long-term contracts with suppliers, exchange-traded futures and options, and over-the-counter options and swaps. We offset our exposures based on current and projected market conditions and genera lly seek to acquire the inputs at as close to our planned cost as possible. We use derivatives to manage our exposure to changes in commodity prices. We do not perform the assessments required to achieve hedge accounting for commodity derivative position s. Accordingly, the changes in the values of these derivatives are recorded currently in cost of sales in our Consolidated Statements of Earnings. Although we do not meet the criteria for cash flow hedge accounting, we believe that these instruments are e ffective in achieving our objective of providing certainty in the future price of commodities purchased for use in our supply chain. Accordingly, for purposes of measuring segment operating performance, certain gains and losses are reported in unallocated c orporate items outside of segment operating results until such time that the exposure we are managing affects earnings. At that time we reclassify the gain or loss from unallocated corporate items to segment operating profit, allowing our operating segment s to realize the economic effects of the derivative without experiencing the resulting mark-to-market volatility, which remains in unallocated corporate items. Unallocated corporate items for the quarters ended August 28, 2016 , and August 30, 2015 included: Quarter Ended In Millions Aug. 28, 2016 Aug. 30, 2015 Net loss on mark-to-market valuation of certain commodity positions $ (18.9) $ (22.3) Net loss on commodity positions reclassified from unallocated corporate items to segment operating profit 9.3 26.9 Net mark-to-market revaluation of certain grain inventories (7.0) (1.9) Net mark-to-market valuation of certain commodity positions recognized in unallocated corporate items $ (16.6) $ 2.7 As of August 28, 2016 , the net notional value of commodity derivatives was $ 190.4 million, of which $ 46.0 million related to energy inputs and $ 144.4 million related to agricultural inputs. These contracts relate to inputs that generally will be utilized within the next 12 months. In advance of planned debt financing, during the third quarter of fiscal 2016 and the first quarter of fiscal 2017, we entered into $400 million and $100 million of treasury locks, respectively, with an average fixed rate of 2.0 percent due February 15, 2017. The fair values of the derivative positions used in our risk management activities and other assets recorded at fair value were not material as of August 28, 2016 , and were Level 1 or Level 2 assets and liabilities in the fair value hierarchy. We did not significantly change o ur valuation techniques from prior periods. We offer certain suppliers access to a third party service that allows them to view our scheduled payments online. The third party service also allows suppliers to finance advances on our scheduled payments at the sole discretion of the supplier and the third party. We have no economic interest in these financing arrangements and no direct relationship with the suppliers, the third party, or any financial institutions concerning this service. All of our accounts payable remain as obligations to our suppli ers as stated in our supplier agreements. As of August 28, 2016 , $554.9 million of our total accounts payabl e is payable to suppliers who utilize this third party service.

DEBT

DEBT	3 Months Ended
	Aug. 28, 2016
Debt [Abstract]
Debt	(7 ) Debt The components of notes payable were as follows: In Millions Aug. 28, 2016 May 29, 2016 U.S. commercial paper $ 411.0 $ - Financial institutions 279.5 269.8 Total $ 690.5 $ 269.8 To ensure availability of funds, we maintain bank credit lines sufficient to cover our outstanding notes payable . Commercial paper is a continuing source of short-term financing. We have commercial paper programs available to us i n the United States and Europe. We also have committed, uncommitted , and asset-backed credit lines that support our foreign operations. The following table details the fee-paid committed and uncommitted credit lines we had available as of August 28, 2016 : In Billions Facility Amount Borrowed Amount Credit facility expiring: May 2021 $ 2.7 - June 2019 0.2 $ 0.1 Total committed credit facilities 2.9 0.1 Uncommitted credit facilities 0.4 0.1 Total committed and uncommitted credit facilities $ 3.3 $ 0.2 In fiscal 2016, we entered into a $2.7 billion fee-paid committed credit facility that is scheduled to expire in May 2021. Concurrent with the execution of this credit facility, we terminated our $1.7 billion and $1.0 billion credit facilities. The credit facilities contain covenants, including a requirement to maintain a fixed charge coverage ratio of at least 2.5 times. We were in compliance with all credit facility covenants as of August 28, 2016 . Long-Term Debt The fair values and carrying amount s of long-term debt, including the current portion, were $ 8,770.2 million and $ 8,181.4 million, respectively, as of August 28, 2016 . The fair value of long-term debt was estimated using market quotations and discounted cash flows based on our current incremental borrowing rates for similar types of instruments. Long-term debt is a Level 2 liability in the fair value hierarchy. In January 2016, we issued €500.0 million principal amount of floating-rate notes due January 15, 2020. Interest on the note s is payable quarterl y in arrears. We may redeem the notes if certain tax laws change and we would be obligated to pay additional amounts on the notes. These notes are senior unsecured obligations that include a change of control repur chase provision. The net proceeds were used to repay a portion of our maturing long-term debt . In January 2016, we repaid $250 million of 0 .875 percent fixed- rate notes and $750 million of floating-rate notes. Certain of our long-term debt agreements contain restrictive covenants. As of August 28, 2016 , we were in compliance with all of these covenants.

REDEEMABLE AND NONCONTROLLING I

REDEEMABLE AND NONCONTROLLING INTERESTS	3 Months Ended
	Aug. 28, 2016
Redeemable and Noncontrolling Interests [Abstract]
Redeemable and Noncontrolling Interests	(8) Redeemable and Noncontrolling Interests We have a 51 percent co ntrolling interest in Yoplait SAS and a 50 percent int erest in Yoplait Marques SNC and Liberté Marques Sàrl . Sodiaal International ( Sodiaal ) holds the remaining interests in each of the entities. On the acquisition date , we recorded the $904.4 million fair value of Sodiaal’s 49 percent euro-denomi nated interest in Yoplait SAS as a redeemable interest on our Consolidated Balance Sheets. Sodiaal has the ability to put all or a portion of its redeemable interest to us at fair value once per year, up to three times before December 2024. We adjust the value of the redeemable interest through additional paid-in capital on our Consolidated Bala nce Sheets quarterly to the redeemable interest’s redemption value, which approximate s its fair value. Yoplait SAS pays dividends annually if it meets certain financial metrics set forth in its shareholders’ agreement. As of August 28, 2016 , the redemption value of the euro-denominated redeemable interest was $ 841.0 million. A subsidiary of Yoplait SAS has entered into an exclusive milk supply agreement for its European operations with Sodiaal through July 1, 2021. Net purchases totaled $ 62.0 million for the quarter ended August 28, 2016 and $ 71.5 million for the quarter ended August 30, 2015 . On the acquisition dates, we recorded the $281.4 million fair value of Sodiaal’s 50 percent euro-denominated interest in Yoplait Marques SNC and 50 percent Canadian dollar-denominated interest in Liberté Marques Sàrl as noncontrolling interests on our Consolidated Balance Sheets. Yoplait Marques SNC earns a royalty stream through a licensing agre ement with Yoplait SAS for the rights to Yoplait and related trademarks. Liberté Marques Sàrl earns a royalty stream through licensing agreements with certain Yoplait group companies for the rights to Libe rté and related trademarks. These entities pay divi dends annually based on their available cash as of their fiscal year end. The third-party holder of the Class A Interests in our General Mills Cereals, LLC (GMC) consolidated subsidiary receives quarterly preferred distributions from available net income based on the application of a floating preferred return rate to the holder’s capital account balance established in the most recent mark-to-market valuation (currently $251.5 million). The preferred return rate is adjusted every three years through a nego tiated agreement with the Class A Interest holder or through a remarketing auction. On June 1, 2015, the floating preferred return rate on GMC’s Class A Interests was reset to the sum of three-month LIBOR plus 125 basis points. Our noncontrolling interest s contain restrictive covenants. As of August 28, 2016 , we were in compliance with all of these covenants.

STOCKHOLDERS' EQUITY

STOCKHOLDERS' EQUITY	3 Months Ended
	Aug. 28, 2016
Stockholders' Equity [Abstract]
Stockholders' Equity	(9) Stockholders’ Equity The following table s provide details of total comprehensive income : Quarter Ended Quarter Ended Aug. 28, 2016 Aug. 30, 2015 General Mills Noncontrolling Interests Redeemable Interest General Mills Noncontrolling Interests Redeemable Interest In Millions Pretax Tax Net Net Net Pretax Tax Net Net Net Net earnings, including earnings attributable to redeemable and noncontrolling interests $ 409.0 $ 1.8 $ 8.7 $ 426.6 $ 2.6 $ 5.9 Other comprehensive income (loss): Foreign currency translation $ 86.6 $ - 86.6 2.8 (9.0) $ (149.9) $ - (149.9) 5.3 2.4 Other fair value changes: Securities 0.6 (0.2) 0.4 - - (0.1) - (0.1) - - Hedge derivatives 10.2 1.9 12.1 - 3.1 13.2 (3.1) 10.1 - 0.2 Reclassification to earnings: Hedge derivatives (a) (1.6) (0.6) (2.2) - (0.6) (1.1) 0.6 (0.5) - 1.2 Amortization of losses and prior service costs (b) 49.4 (18.8) 30.6 - - 49.7 (18.8) 30.9 - - Other comprehensive income (loss): $ 145.2 $ (17.7) 127.5 2.8 (6.5) $ (88.2) $ (21.3) (109.5) 5.3 3.8 Total comprehensive income $ 536.5 $ 4.6 $ 2.2 $ 317.1 $ 7.9 $ 9.7 (a) (Gain) loss reclassified from AOCI into earnings is reported in interest, net for interest rate swaps and in cost of sales and selling, general, and administrative (SG&A) expenses for foreign exchange contracts. (b) Loss reclassified from AOCI into earnings is reported in SG&A expenses. Accumulated other comprehensive loss balances, net of tax effects, were as follows: In Millions Aug. 28, 2016 May 29, 2016 Foreign currency translation adjustments $ (557.6) $ (644.2) Unrealized gain (loss) from: Securities 4.2 3.8 Hedge derivatives (15.6) (25.5) Pension, other postretirement, and postemployment benefits: Net actuarial loss (1,928.1) (1,958.2) Prior service costs 12.4 11.9 Accumulated other comprehensive loss $ (2,484.7) $ (2,612.2)

STOCK PLANS

STOCK PLANS	3 Months Ended
	Aug. 28, 2016
Stock Plans [Abstract]
Stock Plans	(10 ) Stock Plans We have various stock-based compensation programs under which awards, including stock options, restricted stock, restricted stock units , and performance awards , may be granted to employees and non-employee directors. These programs and related acco unting are described in Note 11 to the Consolidated Financial Statements included in our Annual Report on Form 10-K for the fiscal year ended May 29, 2016 . Compensation expense related to stock-based payments recognized in the Consolidated Statements of Earnings was as follows: Quarter Ended In Millions Aug. 28, 2016 Aug. 30, 2015 Compensation expense related to stock-based payments $ 39.0 $ 32.9 Compensation expense related to stock-based payments recognized in the Consolidated Statements of Earnings includes amounts recognized in restructuring, impairment, and other exit costs in fiscal 2016 . As of August 28, 2016 , unrecognized compensation expense related to non-vested stock options, restricted stock units , and performance award units was $ 151.4 million. This expense will be recognized over 25 months, on average. Net cash proceeds from the exercise of stock options less shares used for withholding taxes and the intrinsic value of options exercised were as follows: Quarter Ended In Millions Aug. 28, 2016 Aug. 30, 2015 Net cash proceeds $ 63.6 $ 47.7 Intrinsic value of options exercised $ 114.3 $ 82.2 We estimate the fair value of each stock option on the grant date using a Black-Scholes option-pric ing model. Black-Scholes option- pricing models require us to make predictive assumptions regarding future stock price volatility, employee exercise behavior, and dividend yield. We estimate our future stock price volatility using the historical volatility over the expected term of the option, excluding time periods of volatility we believe a marketplace participant would exclude in estimating our stock price volatility. We also have considered, but did not use, implied volatility in our estimate, because trading activity in options on our stock, especially those with tenors of greater than 6 months, is insufficient to provide a reliable measure of expected volatility. Our method of selecting the other valuation a ssumptions is explained in Note 11 to the Consolidated Financial Statements included in our Annual Report on Form 10-K for the fiscal year ended May 29, 2016 . The estimated fair values of stock options granted and the assumptions used for the Black-Scholes option-pricing model were as follows: Quarter Ended Aug. 28, 2016 Aug. 30, 2015 Estimated fair values of stock options granted $8.80 $7.24 Assumptions: Risk-free interest rate 1.7 % 2.4 % Expected term 8.5 years 8.5 years Expected volatility 17.8 % 17.6 % Dividend yield 2.9 % 3.2 % Information on stock option activity follows: Options Outstanding (Thousands) Weighted-Average Exercise Price Per Share Weighted- Average Remaining Contractual Term (Years) Aggregate Intrinsic Value (Millions) Balance as of May 29, 2016 32,401.6 $ 37.09 Granted 2,446.0 66.52 Exercised (2,847.6) 30.29 Forfeited or expired (29.0) 54.44 Outstanding as of Aug. 28, 2016 31,971.0 $ 39.93 4.78 $ 989.0 Exercisable as of Aug. 28, 2016 22,897.1 $ 33.56 3.37 $ 854.3 Information on restricted stock and performance share unit activity follows: Equity Classified Liability Classified Share-Settled Units (Thousands) Weighted-Average Grant-Date Fair Value Share-Settled Units (Thousands) Weighted-Average Grant-Date Fair Value Non-vested as of May 29, 2016 5,100.4 $ 48.60 211.4 $ 48.37 Granted 1,242.5 67.44 49.5 66.94 Vested (1,254.8) 38.72 (87.6) 38.64 Forfeited (94.4) 53.75 (2.8) 55.96 Exercisable as of Aug. 28, 2016 4,993.7 $ 55.67 170.5 $ 56.04 The total grant date fair value of restricted stock unit awards that vested during the period follows: Quarter Ended In Millions Aug. 28, 2016 Aug. 30, 2015 Total grant-date fair value $52.4 $79.8

EARNINGS PER SHARE

EARNINGS PER SHARE	3 Months Ended
	Aug. 28, 2016
Earnings Per Share [Abstract]
Earnings Per Share	(11 ) Earnings Per Share Basic and diluted earnings per share ( EPS ) were calculated using the following: Quarter Ended In Millions, Except per Share Data Aug. 28, 2016 Aug. 30, 2015 Net earnings attributable to General Mills $ 409.0 $ 426.6 Average number of common shares - basic EPS 600.0 601.7 Incremental share effect from: (a) Stock options 9.5 10.4 Restricted stock, restricted stock units, and other 2.9 3.4 Average number of common shares - diluted EPS 612.4 615.5 Earnings per share - basic $ 0.68 $ 0.71 Earnings per share - diluted $ 0.67 $ 0.69 (a) Incremental shares from stock options, restricted stock units, and performance share units are computed by the treasury stock method. Stock options, restricted stock units, and performance share units excluded from our computation of diluted EPS because they were not dilutive were as follows: Quarter Ended In Millions Aug. 28, 2016 Aug. 30, 2015 Anti-dilutive stock options, restricted stock units, and performance share units 1.2 2.4

SHARE REPURCHASES

SHARE REPURCHASES	3 Months Ended
	Aug. 28, 2016
Shares Repurchases [Abstract]
Share Repurchases	(12) Share Repurchases Share repurchases were as follows: Quarter Ended In Millions Aug. 28, 2016 Aug. 30, 2015 Shares of common stock 5.6 2.7 Aggregate purchase price $399.7 $152.1

STATEMENTS OF CASH FLOWS

STATEMENTS OF CASH FLOWS	3 Months Ended
	Aug. 28, 2016
Statements of Cash Flows [Abstract]
Statements of Cash Flows	(13) Statements of Cash Flows Our Consolidated Statement s of Cash F low s include the following: Three-Month Period Ended In Millions Aug. 28, 2016 Aug. 30, 2015 Net cash interest payments $ 120.8 $ 123.4 Net income tax payments $ 48.9 $ 9.7

RETIREMENT AND POSTEMPLOYMENT B

RETIREMENT AND POSTEMPLOYMENT BENEFITS	3 Months Ended
	Aug. 28, 2016
Retirement and Postemployment Benefits [Abstract]
Retirement and Postemployment Benefits	(14) Retirement and Postemployment Benefits Beginning in fiscal 2017, we changed the method used to estimate the service and interest cost components of the net periodic benefit expense for our U.S. and most of our international defined benefit pension, other postretirement benefit and postemployment benefit plans. We adopted a full yield curve approach to estimate service cost and interest cost by applying the specific spot rates along the yield curve used to determine the benefit obligation to the relevant projected cash flows. This method provides a more precise measurement of service and interest costs by correlating the timing of the plans’ liability cash flows to the corresponding rate on the yield curve. Previously, we estimated service c ost and interest cost using a single weighted-average discount rate derived from the yield curve used to measure the benefit obligation at the beginning of the period. This change does not affect the measurement of our benefit obligations related to these plans. We have accounted for this change prospectively as a change in accounting estimate beginning in the first quarter of fiscal 2017. The change in methodology resulted in a decrease in service and interest cost of approximately $17 million in the thr ee months ended August 28, 2016 compared to what our costs would have been under the previous method. We expect this change to result in a reduction in our service and interest cost of approxi mately $68 million for fiscal 2017 compared to our previous methodology . The fiscal 2017 reduction in our net periodic benefit expense as a result of this change in methodology is partially offset by a reduction in our weighted-average expected rate of return on plan assets for our principal defined benefit pension and other postretirement plans in the United States to 8.25 percent as a result of asset changes that decreased investment risk in the portfolio. Components of net periodic benefit expense are as follows: Defined Benefit Pension Plans Other Postretirement Benefit Plans Postemployment Benefit Plans Quarter Ended Quarter Ended Quarter Ended In Millions Aug. 28, 2016 Aug. 30, 2015 Aug. 28, 2016 Aug. 30, 2015 Aug. 28, 2016 Aug. 30, 2015 Service cost $ 30.0 $ 33.7 $ 3.1 $ 4.8 $ 2.2 $ 1.9 Interest cost 54.2 67.0 8.1 11.0 0.7 1.0 Expected return on plan assets (121.8) (124.3) (12.1) (11.6) - - Amortization of losses 47.4 47.4 0.6 1.7 0.4 0.2 Amortization of prior service costs (credits) 0.6 1.2 (1.3) (1.4) 0.2 0.6 Other adjustments - - - - 3.4 3.2 Settlement or curtailment losses 1.5 - - - - - Net expense (income) $ 11.9 $ 25.0 $ (1.6) $ 4.5 $ 6.9 $ 6.9

BUSINESS SEGMENT INFORMATION

BUSINESS SEGMENT INFORMATION	3 Months Ended
	Aug. 28, 2016
Business Segment Information [Abstract]
Business Segment Information	(15) Business Segment Information We operate in the consumer foods industry. We have three operating segments by type of customer and geographic region as follows: U.S. Retail; International; and Convenience Stores and Foodservice . Our U.S. Retail segment reflects business with a wide variety of grocery stores, mass merchandisers, membership stores, natural food chains, drug, dollar and discount chains, and e-commerce grocery providers operating throughout the United States. Our product categories in this business segment are ready-to-eat cereals, refrigerated yogurt, soup, meal kits, refrigerated and frozen dough products, dessert and baking mixes, frozen pizza and pizza snacks, grain, fruit and savory snacks, and a wide variety of organic products including meal kits, granola bars, and cereal. Our International segment consists of retail and foodservice businesses outside of the United States. Our product categories include ready-to-eat cereals, shelf stable and frozen vegetables, meal kits, refri gerated and frozen dough products, dessert and baking mixes, frozen pizza snacks, refrigerated yogurt, grain and fruit snacks, and super-premium ice cream and frozen desserts. We also sell super-premium ice cream and frozen desserts directly to consumers t hrough owned retail shops. Our International segment also includes products manufactured in the United States for export, mainly to Caribbean and Latin American markets, as well as products we manufacture for sale to our international joint ventures. Reven ues from export activities and franchise fees are reported in the region or country where the end customer is located. In our Convenience Stores and Foodservice segment , our major product categories are ready-to-eat cereals, snacks, refrigerated yogurt, fro zen meals, unbaked and fully baked frozen dough products, and baking mixes. Many products we sell are branded to the consumer and nearly all are branded to our customers. We sell to distributors and operators in many customer channels including foodservice , convenience stores, vending, and supermarket bakeries. Substantially all of this segment’s operations are located in the United States. Operating profit for these segments excludes unallocated corporate items, gain on divestitures, and restructuring, imp airment, and other exit costs. Unallocated corporate items include corporate overhead expenses, variances to planned domestic employee benefits and incentives, contributions to the General Mills Foundation, asset and liability remeasurement impact of hyper inflationary economies, restructuring initiative project-related costs, and other items that are not part of our measurement of segment operating performance. These include gains and losses arising from the revaluation of certain grain inventories and gain s and losses from mark-to-market valuation of certain commodity positions until passed back to our operating segments. These items affecting operating profit are centrally managed at the corporate level and are excluded from the measure of segment profitab ility reviewed by executive management. Under our supply chain organization, our manufacturing, warehouse, and distribution activities are substantially integrated across our operations in order to maximize efficiency and productivity. As a result, fixed a ssets and depreciation and amortization expenses are neither maintained nor available by operating segment. Our operating segment results were as follows: Quarter Ended In Millions Aug. 28, 2016 Aug. 30, 2015 Net sales: U.S. Retail $ 2,331.8 $ 2,531.2 International 1,129.8 1,199.0 Convenience Stores and Foodservice 446.3 477.7 Total $ 3,907.9 $ 4,207.9 Operating profit: U.S. Retail $ 594.4 $ 629.7 International 100.0 117.0 Convenience Stores and Foodservice 92.7 79.8 Total segment operating profit 787.1 826.5 Unallocated corporate items 82.4 83.1 Restructuring, impairment, and other exit costs 58.9 60.1 Operating profit $ 645.8 $ 683.3

NEW ACCOUNTING PRONOUNCEMENTS

NEW ACCOUNTING PRONOUNCEMENTS	3 Months Ended
	Aug. 28, 2016
New Accounting Pronouncements [Abstract]
New Accounting Pronouncements	(16) New Accounting Pronouncements In the first quarter of fiscal 2017, we adopted new accounting requirements for the presentation of certain investments using the net asset value, providing a practical expedient to exclude such investments from categorization within the fair value hierarchy and separate disclosure. The adoption of this guidance did not impact our results of operations or financial position. In the first quarter of fiscal 2017, we adopted new accounting re quirements which permit reporting entities with a fiscal year-end that does not coincide with a month-end to apply a practical expedient that permits the entity to measure defined benefit plan assets and obligations using the month-end that is closest to t he entity’s fiscal year-end and apply such practical expedient consistently to all plans. The adoption of this guidance is not expected to have a material impact on our results of operations or financial position.

Restructuring Initiatives (Tabl

Restructuring Initiatives (Tables)	3 Months Ended
	Aug. 28, 2016
Restructuring Initiatives [Abstract]
Schedule of restructuring initiatives [Table Text Block]	Quarter Ended Quarter Ended Aug. 28, 2016 Aug. 30, 2015 In Millions Severance Asset Write-offs Accelerated Depreciation Other Total Severance Asset Write-offs Accelerated Depreciation Other Total Restructuring of certain International product lines $ 2.3 $ 33.6 $ - $ 0.5 $ 36.4 $ - $ - $ - $ - $ - Closure of Vineland, New Jersey plant 12.4 - 7.0 1.5 20.9 - - - - - Project Compass - - 0.2 0.8 1.0 44.9 - - 6.6 51.5 Project Century 0.3 3.1 9.2 1.6 14.2 2.3 2.4 21.4 4.1 30.2 Project Catalyst - - - - - 0.2 - - - 0.2 Total $ 15.0 $ 36.7 $ 16.4 $ 4.4 $ 72.5 $ 47.4 $ 2.4 $ 21.4 $ 10.7 $ 81.9
Schedule of restructuring charges and project-related costs presentation [Table Text Block]	Quarter Ended In Millions Aug. 28, 2016 Aug. 30, 2015 Cost of sales $ 13.6 $ 21.8 Restructuring, impairment, and other exit costs 58.9 60.1 Total restructuring charges 72.5 81.9 Project-related costs classified in cost of sales $ 13.8 $ 13.1
Rollforward of restructuring and other exit cost reserves [Table Text Block]	In Millions Severance Contract Termination Other Exit Costs Total Reserve balance as of May 29, 2016 $ 73.6 $ 1.5 $ 1.5 $ 76.6 Fiscal 2017 charges, including foreign currency translation 14.9 - 0.8 15.7 Utilized in fiscal 2017 (19.8) (0.6) (0.1) (20.5) Reserve balance as of Aug. 28, 2016 $ 68.7 $ 0.9 $ 2.2 $ 71.8

Goodwill and Other Intangible26

Goodwill and Other Intangible Assets (Tables)	3 Months Ended
	Aug. 28, 2016
Goodwill and Other Intangible Assets [Abstract]
Schedule of components of goodwill and other intangible assets [Table Text Block]	In Millions Aug. 28, 2016 May 29, 2016 Goodwill $ 8,758.2 $ 8,741.2 Other intangible assets: Intangible assets not subject to amortization: Brands and other indefinite-lived intangibles 4,165.7 4,147.5 Intangible assets subject to amortization: Franchise agreements, customer relationships, and other finite-lived intangibles 538.4 536.9 Less accumulated amortization (151.9) (145.8) Intangible assets subject to amortization, net 386.5 391.1 Other intangible assets 4,552.2 4,538.6 Total $ 13,310.4 $ 13,279.8
Schedule of changes in the carrying amount of goodwill [Table Text Block]	In Millions U.S. Retail International Convenience Stores and Foodservice Joint Ventures Total Balance as of May 29, 2016 $ 6,292.9 $ 1,121.0 $ 921.1 $ 406.2 $ 8,741.2 Other activity, primarily foreign currency translation - 14.1 - 2.9 17.0 Balance as of Aug. 28, 2016 $ 6,292.9 $ 1,135.1 $ 921.1 $ 409.1 $ 8,758.2
Schedule of changes in the carrying amount of other intangible assets [Table Text Block]	In Millions U.S. Retail International Joint Ventures Total Balance as of May 29, 2016 $ 3,211.7 $ 1,263.9 $ 63.0 $ 4,538.6 Other activity, primarily foreign currency translation (0.9) 13.6 0.9 13.6 Balance as of Aug. 28, 2016 $ 3,210.8 $ 1,277.5 $ 63.9 $ 4,552.2
Schedule of at-risk brand assets [Table Text Block]	As of our fiscal 2016 annual goodwill and indefinite-lived intangible asset impairment assessment date, there was no impairment of any of our goodwill or indefinite-lived intangible assets as their related fair values were substantially in excess of the carrying values, except for the Mountain High and Uncle Toby’s brand assets . The excess fair value above the carrying value of these brand assets is as follows: In Millions Carrying Value Excess Fair Value Above Carrying Value Mountain High $ 35.4 20% Uncle Toby's $ 52.2 11%

Inventories (Tables)

Inventories (Tables)	3 Months Ended
	Aug. 28, 2016
Inventories [Abstract]
Schedule of components of inventories [Table Text Block]	In Millions Aug. 28, 2016 May 29, 2016 Raw materials and packaging $ 423.5 $ 397.3 Finished goods 1,277.2 1,163.1 Grain 63.0 72.6 Excess of FIFO over LIFO cost (216.2) (219.3) Total $ 1,547.5 $ 1,413.7

Risk Management Activities (Tab

Risk Management Activities (Tables)	3 Months Ended
	Aug. 28, 2016
Risk Management Activities [Abstract]
Schedule of unallocated corporate items [Table Text Block]	Quarter Ended In Millions Aug. 28, 2016 Aug. 30, 2015 Net loss on mark-to-market valuation of certain commodity positions $ (18.9) $ (22.3) Net loss on commodity positions reclassified from unallocated corporate items to segment operating profit 9.3 26.9 Net mark-to-market revaluation of certain grain inventories (7.0) (1.9) Net mark-to-market valuation of certain commodity positions recognized in unallocated corporate items $ (16.6) $ 2.7

Debt (Tables)

Debt (Tables)	3 Months Ended
	Aug. 28, 2016
Debt [Abstract]
Schedule of components of notes payable [Table Text Block]	In Millions Aug. 28, 2016 May 29, 2016 U.S. commercial paper $ 411.0 $ - Financial institutions 279.5 269.8 Total $ 690.5 $ 269.8
Schedule of fee-paid committed and uncommitted credit lines [Table Text Block]	The following table details the fee-paid committed and uncommitted credit lines we had available as of August 28, 2016 : In Billions Facility Amount Borrowed Amount Credit facility expiring: May 2021 $ 2.7 - June 2019 0.2 $ 0.1 Total committed credit facilities 2.9 0.1 Uncommitted credit facilities 0.4 0.1 Total committed and uncommitted credit facilities $ 3.3 $ 0.2

Stockholders' Equity (Tables)

Stockholders' Equity (Tables)	3 Months Ended
	Aug. 28, 2016
Stockholders' Equity [Abstract]
Schedule of total comprehensive income (loss) [Table Text Block]	Quarter Ended Quarter Ended Aug. 28, 2016 Aug. 30, 2015 General Mills Noncontrolling Interests Redeemable Interest General Mills Noncontrolling Interests Redeemable Interest In Millions Pretax Tax Net Net Net Pretax Tax Net Net Net Net earnings, including earnings attributable to redeemable and noncontrolling interests $ 409.0 $ 1.8 $ 8.7 $ 426.6 $ 2.6 $ 5.9 Other comprehensive income (loss): Foreign currency translation $ 86.6 $ - 86.6 2.8 (9.0) $ (149.9) $ - (149.9) 5.3 2.4 Other fair value changes: Securities 0.6 (0.2) 0.4 - - (0.1) - (0.1) - - Hedge derivatives 10.2 1.9 12.1 - 3.1 13.2 (3.1) 10.1 - 0.2 Reclassification to earnings: Hedge derivatives (a) (1.6) (0.6) (2.2) - (0.6) (1.1) 0.6 (0.5) - 1.2 Amortization of losses and prior service costs (b) 49.4 (18.8) 30.6 - - 49.7 (18.8) 30.9 - - Other comprehensive income (loss): $ 145.2 $ (17.7) 127.5 2.8 (6.5) $ (88.2) $ (21.3) (109.5) 5.3 3.8 Total comprehensive income $ 536.5 $ 4.6 $ 2.2 $ 317.1 $ 7.9 $ 9.7 (a) (Gain) loss reclassified from AOCI into earnings is reported in interest, net for interest rate swaps and in cost of sales and selling, general, and administrative (SG&A) expenses for foreign exchange contracts. (b) Loss reclassified from AOCI into earnings is reported in SG&A expenses.
Schedule of accumulated other comprehensive income (loss), net of tax effects [Table Text Block]	In Millions Aug. 28, 2016 May 29, 2016 Foreign currency translation adjustments $ (557.6) $ (644.2) Unrealized gain (loss) from: Securities 4.2 3.8 Hedge derivatives (15.6) (25.5) Pension, other postretirement, and postemployment benefits: Net actuarial loss (1,928.1) (1,958.2) Prior service costs 12.4 11.9 Accumulated other comprehensive loss $ (2,484.7) $ (2,612.2)

Stock Plans (Tables)

Stock Plans (Tables)	3 Months Ended
	Aug. 28, 2016
Stock Plans [Abstract]
Schedule of compensation expense related to stock-based payments [Table Text Block]	Quarter Ended In Millions Aug. 28, 2016 Aug. 30, 2015 Compensation expense related to stock-based payments $ 39.0 $ 32.9
Schedule of net cash proceeds received from the exercise of stock options [Table Text Block]	Quarter Ended In Millions Aug. 28, 2016 Aug. 30, 2015 Net cash proceeds $ 63.6 $ 47.7 Intrinsic value of options exercised $ 114.3 $ 82.2
Schedule of estimated fair value of stock options granted and the assumptions used for the Black-Scholes option-pricing model [Table Text Block]	Quarter Ended Aug. 28, 2016 Aug. 30, 2015 Estimated fair values of stock options granted $8.80 $7.24 Assumptions: Risk-free interest rate 1.7 % 2.4 % Expected term 8.5 years 8.5 years Expected volatility 17.8 % 17.6 % Dividend yield 2.9 % 3.2 %
Schedule of information on stock option activity [Table Text Block]	Options Outstanding (Thousands) Weighted-Average Exercise Price Per Share Weighted- Average Remaining Contractual Term (Years) Aggregate Intrinsic Value (Millions) Balance as of May 29, 2016 32,401.6 $ 37.09 Granted 2,446.0 66.52 Exercised (2,847.6) 30.29 Forfeited or expired (29.0) 54.44 Outstanding as of Aug. 28, 2016 31,971.0 $ 39.93 4.78 $ 989.0 Exercisable as of Aug. 28, 2016 22,897.1 $ 33.56 3.37 $ 854.3
Schedule of information on restricted stock and performance share unit activity [Table Text Block]	Equity Classified Liability Classified Share-Settled Units (Thousands) Weighted-Average Grant-Date Fair Value Share-Settled Units (Thousands) Weighted-Average Grant-Date Fair Value Non-vested as of May 29, 2016 5,100.4 $ 48.60 211.4 $ 48.37 Granted 1,242.5 67.44 49.5 66.94 Vested (1,254.8) 38.72 (87.6) 38.64 Forfeited (94.4) 53.75 (2.8) 55.96 Exercisable as of Aug. 28, 2016 4,993.7 $ 55.67 170.5 $ 56.04 The total grant date fair value of restricted stock unit awards that vested during the period follows: Quarter Ended In Millions Aug. 28, 2016 Aug. 30, 2015 Total grant-date fair value $52.4 $79.8

Earnings per Share (Tables)

Earnings per Share (Tables)	3 Months Ended
	Aug. 28, 2016
Earnings Per Share [Abstract]
Schedule of earnings per share [Table Text Block]	Quarter Ended In Millions, Except per Share Data Aug. 28, 2016 Aug. 30, 2015 Net earnings attributable to General Mills $ 409.0 $ 426.6 Average number of common shares - basic EPS 600.0 601.7 Incremental share effect from: (a) Stock options 9.5 10.4 Restricted stock, restricted stock units, and other 2.9 3.4 Average number of common shares - diluted EPS 612.4 615.5 Earnings per share - basic $ 0.68 $ 0.71 Earnings per share - diluted $ 0.67 $ 0.69 (a) Incremental shares from stock options, restricted stock units, and performance share units are computed by the treasury stock method.
Schedule of anti-dulitive stock options, restricted stock units and performance share units [Table Text Block]	Quarter Ended In Millions Aug. 28, 2016 Aug. 30, 2015 Anti-dilutive stock options, restricted stock units, and performance share units 1.2 2.4

Share Repurchases (Tables)

Share Repurchases (Tables)	3 Months Ended
	Aug. 28, 2016
Shares Repurchases [Abstract]
Share repurchases [Table Text Block]	Quarter Ended In Millions Aug. 28, 2016 Aug. 30, 2015 Shares of common stock 5.6 2.7 Aggregate purchase price $399.7 $152.1

Statements of Cash Flows (Table

Statements of Cash Flows (Tables)	3 Months Ended
	Aug. 28, 2016
Statements of Cash Flows [Abstract]
Consolidated Statements of Cash Flows, Supplemental Disclosures [Table Text Block]	Three-Month Period Ended In Millions Aug. 28, 2016 Aug. 30, 2015 Net cash interest payments $ 120.8 $ 123.4 Net income tax payments $ 48.9 $ 9.7

Retirement and Postemployment35

Retirement and Postemployment Benefits (Tables)	3 Months Ended
	Aug. 28, 2016
Retirement and Postemployment Benefits [Abstract]
Schedule of components of net periodic benefit expense [Table Text Block]	Defined Benefit Pension Plans Other Postretirement Benefit Plans Postemployment Benefit Plans Quarter Ended Quarter Ended Quarter Ended In Millions Aug. 28, 2016 Aug. 30, 2015 Aug. 28, 2016 Aug. 30, 2015 Aug. 28, 2016 Aug. 30, 2015 Service cost $ 30.0 $ 33.7 $ 3.1 $ 4.8 $ 2.2 $ 1.9 Interest cost 54.2 67.0 8.1 11.0 0.7 1.0 Expected return on plan assets (121.8) (124.3) (12.1) (11.6) - - Amortization of losses 47.4 47.4 0.6 1.7 0.4 0.2 Amortization of prior service costs (credits) 0.6 1.2 (1.3) (1.4) 0.2 0.6 Other adjustments - - - - 3.4 3.2 Settlement or curtailment losses 1.5 - - - - - Net expense (income) $ 11.9 $ 25.0 $ (1.6) $ 4.5 $ 6.9 $ 6.9

Business Segment Information (T

Business Segment Information (Tables)	3 Months Ended
	Aug. 28, 2016
Business Segment Information [Abstract]
Schedule of operating segment results [Table Text Block]	Quarter Ended In Millions Aug. 28, 2016 Aug. 30, 2015 Net sales: U.S. Retail $ 2,331.8 $ 2,531.2 International 1,129.8 1,199.0 Convenience Stores and Foodservice 446.3 477.7 Total $ 3,907.9 $ 4,207.9 Operating profit: U.S. Retail $ 594.4 $ 629.7 International 100.0 117.0 Convenience Stores and Foodservice 92.7 79.8 Total segment operating profit 787.1 826.5 Unallocated corporate items 82.4 83.1 Restructuring, impairment, and other exit costs 58.9 60.1 Operating profit $ 645.8 $ 683.3

Acquisition and Divestiture (Di

Acquisition and Divestiture (Divestiture) (Details) - USD ($) $ in Millions	3 Months Ended
	Nov. 29, 2015	Aug. 28, 2016	May 29, 2016
Divestiture [Line Items]
Brand asset retained		$ 4,165.7	$ 4,147.5
Green Giant Brand [Member] | International [Member]
Divestiture [Line Items]
Brand asset retained	$ 30.1
Sale of North American Green Giant Product Lines [Member]
Divestiture [Line Items]
Proceeds from divestitures	822.7
Pre-tax gain (loss) on sale of business	199.1
Net cash proceeds after transaction related costs	$ 788

Restructuring Initiatives (Narr

Restructuring Initiatives (Narrative) (Details) $ in Millions	3 Months Ended		12 Months Ended
	Aug. 28, 2016USD ($)positions	Aug. 30, 2015USD ($)	May 29, 2016USD ($)positions
Restructuring and Related Cost [Line Items]
Net restructuring charges	$ 72.5	$ 81.9
Severance charges	15	47.4
Accelerated depreciation	16.4	21.4
Impairment charges	36.7	2.4
Cash payments for restructuring	15.9	34.3
Payments for other project-related costs	16.7	12.2
Expected additional project-related costs	38
Q1 2017 Certain International Segment Product Lines [Member]
Restructuring and Related Cost [Line Items]
Net restructuring charges	36.4	0
Severance charges	2.3	0
Accelerated depreciation	0	0
Impairment charges	$ 33.6	0
Q1 2017 Certain International Segment Product Lines [Member] | International [Member]
Restructuring and Related Cost [Line Items]
Restructuring action initiation date	Aug. 28, 2016
Restructuring action completion date	May 28, 2017
Expected net expense of restructuring action	$ 43
Expected cash payments for restructuring	8
Net restructuring charges	36.4
Severance charges	2.3
Impairment charges	$ 33.6
Q1 2017 Brazilian Facilities [Member] | International [Member]
Restructuring and Related Cost [Line Items]
Number of positions affected | positions	420
Q1 2017 China Facilities [Member] | International [Member]
Restructuring and Related Cost [Line Items]
Number of positions affected | positions	440
Q1 2017 Vineland Facility [Member]
Restructuring and Related Cost [Line Items]
Net restructuring charges	$ 20.9	0
Severance charges	12.4	0
Accelerated depreciation	7	0
Impairment charges	$ 0	0
Q1 2017 Vineland Facility [Member] | U.S. Retail [Member]
Restructuring and Related Cost [Line Items]
Restructuring action initiation date	Aug. 28, 2016
Restructuring action completion date	May 26, 2019
Number of positions affected | positions	370
Expected net expense of restructuring action	$ 66
Expected cash payments for restructuring	23
Net restructuring charges	20.9
Severance charges	12.4
Accelerated depreciation	7
Expected net expense of restructuring action in current fiscal year	27
Q1 2016 Project Compass [Member]
Restructuring and Related Cost [Line Items]
Net restructuring charges	1	51.5
Severance charges	0	44.9
Accelerated depreciation	0.2	0
Impairment charges	$ 0	0
Q1 2016 Project Compass [Member] | International [Member]
Restructuring and Related Cost [Line Items]
Restructuring action initiation date	Aug. 30, 2015
Restructuring action completion date	May 28, 2017
Expected net expense of restructuring action	$ 60
Expected cash payments for restructuring	60
Net restructuring charges	$ 1	51.5
Q1 2016 Project Compass [Member] | International [Member] | Minimum Member
Restructuring and Related Cost [Line Items]
Number of positions affected | positions	725
Q1 2016 Project Compass [Member] | International [Member] | Maximum [Member]
Restructuring and Related Cost [Line Items]
Number of positions affected | positions	775
Q2 2015 Project Century [Member]
Restructuring and Related Cost [Line Items]
Restructuring action initiation date	May 31, 2015
Net restructuring charges	$ 14.2	30.2
Severance charges	0.3	2.3
Accelerated depreciation	9.2	21.4
Impairment charges	$ 3.1	2.4
Q1 2016 Project Century, Exit West Chicago Facility [Member] | U.S. Retail [Member]
Restructuring and Related Cost [Line Items]
Restructuring action initiation date	Aug. 30, 2015
Restructuring action completion date	May 26, 2019
Number of positions affected | positions	500
Expected net expense of restructuring action	$ 117
Expected cash payments for restructuring	53
Net restructuring charges	7.4
Q1 2016 Project Century, Exit Joplin Facility [Member] | U.S. Retail [Member]
Restructuring and Related Cost [Line Items]
Restructuring action initiation date			Aug. 30, 2015
Restructuring action completion date			May 29, 2016
Number of positions affected | positions			120
Net restructuring charges		4.9	$ 6.3
Q1 2016 Project Century, Exit Joplin Facility [Member] | U.S. Retail [Member] | Maximum [Member]
Restructuring and Related Cost [Line Items]
Cash payments for restructuring			$ 1
Charges Related to Project Century Restructuring Actions Previously Announced [Member]
Restructuring and Related Cost [Line Items]
Net restructuring charges	6.8	25.3
Q2 2015 Project Catalyst [Member]
Restructuring and Related Cost [Line Items]
Net restructuring charges	0	0.2
Severance charges	0	0.2
Accelerated depreciation	0	0
Impairment charges	$ 0	$ 0

Restructuring Initiatives (Sche

Restructuring Initiatives (Schedule of restructuring charges) (Details) - USD ($) $ in Millions	3 Months Ended
	Aug. 28, 2016	Aug. 30, 2015
Restructuring and Related Cost [Line Items]
Severance	$ 15	$ 47.4
Asset write-offs	36.7	2.4
Accelerated depreciation	16.4	21.4
Other	4.4	10.7
Total restructuring charges	72.5	81.9
Restructuring of Certain International Product Lines [Member]
Restructuring and Related Cost [Line Items]
Severance	2.3	0
Asset write-offs	33.6	0
Accelerated depreciation	0	0
Other	0.5	0
Total restructuring charges	36.4	0
Closure of Vineland, New Jersey Plant [Member]
Restructuring and Related Cost [Line Items]
Severance	12.4	0
Asset write-offs	0	0
Accelerated depreciation	7	0
Other	1.5	0
Total restructuring charges	20.9	0
Project Compass [Member]
Restructuring and Related Cost [Line Items]
Severance	0	44.9
Asset write-offs	0	0
Accelerated depreciation	0.2	0
Other	0.8	6.6
Total restructuring charges	1	51.5
Project Century [Member]
Restructuring and Related Cost [Line Items]
Severance	0.3	2.3
Asset write-offs	3.1	2.4
Accelerated depreciation	9.2	21.4
Other	1.6	4.1
Total restructuring charges	14.2	30.2
Project Catalyst [Member]
Restructuring and Related Cost [Line Items]
Severance	0	0.2
Asset write-offs	0	0
Accelerated depreciation	0	0
Other	0	0
Total restructuring charges	$ 0	$ 0.2

Restructuring Initiatives (Sc40

Restructuring Initiatives (Schedule of restructuring charges classification) (Details) - USD ($) $ in Millions	3 Months Ended
	Aug. 28, 2016	Aug. 30, 2015
Restructuring and Related Cost [Line Items]
Restructuring charges	$ 72.5	$ 81.9
Project-related costs classified in cost of sales	13.8	13.1
Cost of Sales [Member]
Restructuring and Related Cost [Line Items]
Restructuring charges	13.6	21.8
Restructuring, Impairment, and Other Exit Costs [Member]
Restructuring and Related Cost [Line Items]
Restructuring charges	$ 58.9	$ 60.1

Restructuring Initiatives (Sc41

Restructuring Initiatives (Schedule of restructuring and other exit cost reserves) (Details) $ in Millions	3 Months Ended
	Aug. 28, 2016USD ($)
Restructuring Reserve [Roll Forward]
Restructuring Reserve, Beginning Balance	$ 76.6
Restructuring charges paid out of reserve, including foreign currency translation	15.7
Restructuring reserve utilized	(20.5)
Restructuring Reserve, Ending Balance	71.8
Severance [Member]
Restructuring Reserve [Roll Forward]
Restructuring Reserve, Beginning Balance	73.6
Restructuring charges paid out of reserve, including foreign currency translation	14.9
Restructuring reserve utilized	(19.8)
Restructuring Reserve, Ending Balance	68.7
Contract Termination [Member]
Restructuring Reserve [Roll Forward]
Restructuring Reserve, Beginning Balance	1.5
Restructuring charges paid out of reserve, including foreign currency translation	0
Restructuring reserve utilized	(0.6)
Restructuring Reserve, Ending Balance	0.9
Other Exit Costs [Member]
Restructuring Reserve [Roll Forward]
Restructuring Reserve, Beginning Balance	1.5
Restructuring charges paid out of reserve, including foreign currency translation	0.8
Restructuring reserve utilized	(0.1)
Restructuring Reserve, Ending Balance	$ 2.2

Goodwill and Other Intangible42

Goodwill and Other Intangible Assets (Narrative) (Details)	3 Months Ended
	Aug. 28, 2016USD ($)
Goodwill and Other Intangible Assets [Abstract]
Future Amortization Expense, Year One	$ 28,000,000
Future Amortization Expense, Year Two	28,000,000
Future Amortization Expense, Year Three	28,000,000
Future Amortization Expense, Year Four	28,000,000
Future Amortization Expense, Year Five	28,000,000
Goodwill impairment	0
Indefinite-lived Intangible Assets [Line Items]
Indefinite-lived intangible assets impairment	$ 0

Goodwill and Other Intangible43

Goodwill and Other Intangible Assets (Schedule of components of goodwill and other intangible assets) (Details) - USD ($) $ in Millions	Aug. 28, 2016	May 29, 2016
Goodwill and Other Intangible Assets [Abstract]
Goodwill	$ 8,758.2	$ 8,741.2
Intangible assets not subject to amortization:
Brands and other indefinite-lived intangibles	4,165.7	4,147.5
Intangible assets subject to amortization:
Franchise agreements, customer relationships, and other finite-lived intangibles	538.4	536.9
Less accumulated amortization	(151.9)	(145.8)
Intangible assets subject to amortization, net	386.5	391.1
Other intangible assets	4,552.2	4,538.6
Total	$ 13,310.4	$ 13,279.8

Goodwill and Other Intangible44

Goodwill and Other Intangible Assets (Schedule of changes in the carrying amount of goodwill) (Details) $ in Millions	3 Months Ended
	Aug. 28, 2016USD ($)
Goodwill [Line Items]
Beginning balance	$ 8,741.2
Other activity, primarily foreign currency translation	17
Ending balance	8,758.2
U.S. Retail [Member]
Goodwill [Line Items]
Beginning balance	6,292.9
Other activity, primarily foreign currency translation	0
Ending balance	6,292.9
International [Member]
Goodwill [Line Items]
Beginning balance	1,121
Other activity, primarily foreign currency translation	14.1
Ending balance	1,135.1
Convenience Stores and Foodservice [Member]
Goodwill [Line Items]
Beginning balance	921.1
Other activity, primarily foreign currency translation	0
Ending balance	921.1
Joint Ventures [Member]
Goodwill [Line Items]
Beginning balance	406.2
Other activity, primarily foreign currency translation	2.9
Ending balance	$ 409.1

Goodwill and Other Intangible45

Goodwill and Other Intangible Assets (Schedule of changes in the carrying amount of other intangible assets) (Details) $ in Millions	3 Months Ended
	Aug. 28, 2016USD ($)
Indefinite-lived Intangible Assets [Line Items]
Beginning balance	$ 4,538.6
Other activity, primarily foreign currency translation	13.6
Ending balance	4,552.2
U.S. Retail [Member]
Indefinite-lived Intangible Assets [Line Items]
Beginning balance	3,211.7
Other activity, primarily foreign currency translation	(0.9)
Ending balance	3,210.8
International [Member]
Indefinite-lived Intangible Assets [Line Items]
Beginning balance	1,263.9
Other activity, primarily foreign currency translation	13.6
Ending balance	1,277.5
Joint Ventures [Member]
Indefinite-lived Intangible Assets [Line Items]
Beginning balance	63
Other activity, primarily foreign currency translation	0.9
Ending balance	$ 63.9

Goodwill and Other Intangible46

Goodwill and Other Intangible Assets (Schedule of at-risk brand intangible assets) (Details) - USD ($) $ in Millions	3 Months Ended
	Aug. 28, 2016	May 29, 2016
Indefinite-lived Intangible Assets [Line Items]
Carrying Value	$ 4,552.2	$ 4,538.6
Mountain High Brand [Member]
Indefinite-lived Intangible Assets [Line Items]
Carrying Value	$ 35.4
Excess Fair Value Above Carrying Value, Percentage	20.00%
Uncle Toby's Brand [Member]
Indefinite-lived Intangible Assets [Line Items]
Carrying Value	$ 52.2
Excess Fair Value Above Carrying Value, Percentage	11.00%

Inventories (Details)

Inventories (Details) - USD ($) $ in Millions	Aug. 28, 2016	May 29, 2016
Inventories [Abstract]
Raw materials and packaging	$ 423.5	$ 397.3
Finished goods	1,277.2	1,163.1
Grain	63	72.6
Excess of FIFO over LIFO cost	(216.2)	(219.3)
Total	$ 1,547.5	$ 1,413.7

Risk Management Activities (Nar

Risk Management Activities (Narrative) (Details) $ in Millions	3 Months Ended
	Aug. 28, 2016USD ($)
Credit Risk [Abstract]
Accounts Payable to Suppliers that Utilize Third Party Service	$ 554.9
Commodity Contracts [Member]
Derivative [Line Items]
Derivative, Notional Amount	$ 190.4
Derivative Contracts Inputs, Average Period of Utilization	12 months
Energy Related Derivative [Member]
Derivative [Line Items]
Derivative, Notional Amount	$ 46
Agricultural Related Derivative [Member]
Derivative [Line Items]
Derivative, Notional Amount	$ 144.4
Treasury Lock [Member]
Derivative [Line Items]
Derivative, Average Fixed Interest Rate	2.00%
Derivative, Maturity Date	Feb. 15, 2017
Treasury Lock Two Expiring February 2017 [Member]
Derivative [Line Items]
Derivative, Notional Amount	$ 100
Treasury Lock One Expiring February 2017 [Member]
Derivative [Line Items]
Derivative, Notional Amount	$ 400

Risk Management Activities (Sch

Risk Management Activities (Schedule of unallocated corporate items) (Details) - USD ($) $ in Millions	3 Months Ended
	Aug. 28, 2016	Aug. 30, 2015
Commodity Price Risk [Abstract]
Net loss on mark-to-market valuation of certain commodity positions	$ (18.9)	$ (22.3)
Net loss on commodity positions reclassified from unallocated corporate items to segment operating profit	9.3	26.9
Net mark-to-market revaluation of certain grain inventories	(7)	(1.9)
Net mark-to-market valuation of certain commodity positions recognized in unallocated corporate items	$ (16.6)	$ 2.7

Debt (Narrative) (Details)

Debt (Narrative) (Details) € in Millions, $ in Millions	1 Months Ended		3 Months Ended
	Jan. 31, 2016EUR (€)	Jan. 31, 2016USD ($)	Aug. 28, 2016USD ($)	Aug. 30, 2015USD ($)
Debt Instrument [Line Items]
Long-term debt, carrying value			$ 8,181.4
Repayment of long-term debt			$ 0	$ 0.2
Floating Rate Notes Due January 2020 [Member]
Debt Instrument [Line Items]
Issuance of long-term debt | €	€ 500
Maturity date	Jan. 15, 2020	Jan. 15, 2020
0.875% Notes Due January 2016 [Member]
Debt Instrument [Line Items]
Repayment of long-term debt		$ 250
Fixed interest rate percentage	0.875%	0.875%
Floating Rate Notes Due January 2016 [Member]
Debt Instrument [Line Items]
Repayment of long-term debt		$ 750
Long-term Debt Agreements Containing Restrictive Covenants [Member]
Debt Instrument [Line Items]
Covenant compliancee			As of February 28, 2016, we were in compliance with all of these covenants.
Fair Value Inputs Level 2 [Member]
Debt Instrument [Line Items]
Long-term debt, fair value			$ 8,770.2

Debt (Schedule of short-term de

Debt (Schedule of short-term debt) (Details) - USD ($) $ in Millions	Aug. 28, 2016	May 29, 2016
Short-term Debt [Line Items]
Notes payable	$ 690.5	$ 269.8
Commercial Paper [Member] | U.S. Retail [Member]
Short-term Debt [Line Items]
Notes payable	411	0
Financial Institutions [Member]
Short-term Debt [Line Items]
Notes payable	$ 279.5	$ 269.8

Debt (Schedule of credit facili

Debt (Schedule of credit facilities) (Details) $ in Billions	3 Months Ended
	Aug. 28, 2016USD ($)
Line Of Credit Facility [Line Items]
Facility Amount	$ 3.3
Borrowed Amount	0.2
Committed Credit Facilities [Member]
Line Of Credit Facility [Line Items]
Facility Amount	2.9
Borrowed Amount	$ 0.1
Minimum fixed charge coverage ratio	2.5
Compliance with credit facility covenants	As of February 28, 2016, we were in compliance with all of these covenants.
Line of Credit Expiring May 2021 [Member]
Line Of Credit Facility [Line Items]
Facility Amount	$ 2.7
Borrowed Amount	$ 0
Expiration date of credit facility	May 31, 2021
Line of Credit Expiring June 2019 [Member]
Line Of Credit Facility [Line Items]
Facility Amount	$ 0.2
Borrowed Amount	$ 0.1
Expiration date of credit facility	Jun. 30, 2019
Line of Credit One Terminated in Fiscal 2016 [Member]
Line Of Credit Facility [Line Items]
Facility Amount	$ 1.7
Line of Credit Two Terminated in Fiscal 2016 [Member]
Line Of Credit Facility [Line Items]
Facility Amount	1
Uncommitted Credit Facilities [Member]
Line Of Credit Facility [Line Items]
Facility Amount	0.4
Borrowed Amount	$ 0.1

Redeemable and Noncontrolling53

Redeemable and Noncontrolling Interests (Details) - USD ($) $ in Millions	3 Months Ended
	Aug. 28, 2016	Aug. 30, 2015	May 29, 2016	May 31, 2015	Jul. 01, 2011
Noncontrolling Interest [Line Items]
Redeemable interest value	$ 841		$ 845.6
Noncontrolling interests	$ 380.3		376.9
Noncontrolling interests covenant compliancee	Our noncontrolling interests contain restrictive covenants. As of February 28, 2016, we were in compliance with all of these covenants.
General Mills Cereals, LLC [Member] | Preferred Class A [Member] | Third Party Interest Holder [Member]
Noncontrolling Interest [Line Items]
Noncontrolling Interest Holders Capital Account, General Mills Cereals, LLC	$ 251.5
Preferred return rate adjustment period	3 years
Preferred distributions variable rate	three-month LIBOR
Preferred Distributions Basis Spread On Variable Rate	1.25%
General Mills [Member] | Yoplait SAS [Member]
Noncontrolling Interest [Line Items]
Ownership interest percentage in consolidated subsidiary	51.00%
General Mills [Member] | Yoplait Marques SNC [Member]
Noncontrolling Interest [Line Items]
Ownership interest percentage in consolidated subsidiary	50.00%
General Mills [Member] | Liberte Marques Sarl [Member]
Noncontrolling Interest [Line Items]
Ownership interest percentage in consolidated subsidiary	50.00%
Sodiaal SAS Redeemable Interest [Member]
Noncontrolling Interest [Line Items]
Redeemable interest value	$ 841		$ 845.6	$ 778.9
Redeemable interest terms	Sodiaal has the ability to put all or a portion of its redeemable interest to us at fair value once per year, up to three times before December 2024.
Sodiaal SAS Redeemable Interest [Member] | Yoplait SAS [Member]
Noncontrolling Interest [Line Items]
Redeemable interest value	$ 841				$ 904.4
Redeemable interest percentage	49.00%
Sodiaal SAS Redeemable Interest [Member] | Yoplait SAS Subsidiary [Member]
Noncontrolling Interest [Line Items]
Net purchases from related party	$ 62	$ 71.5
Sodiaal SAS Noncontrolling Interest [Member] | Yoplait Marques SNC and Liberte Marques Sarl [Member]
Noncontrolling Interest [Line Items]
Noncontrolling interests					$ 281.4
Sodiaal SAS Noncontrolling Interest [Member] | Yoplait Marques SNC [Member]
Noncontrolling Interest [Line Items]
Ownership interest percentage held by noncontrolling owners	50.00%
Sodiaal SAS Noncontrolling Interest [Member] | Liberte Marques Sarl [Member]
Noncontrolling Interest [Line Items]
Ownership interest percentage held by noncontrolling owners	50.00%

Stockholders' Equity (Schedule

Stockholders' Equity (Schedule of total comprehensive income (loss)) (Details) - USD ($) $ in Millions		3 Months Ended		12 Months Ended
		Aug. 28, 2016	Aug. 30, 2015	May 29, 2016
Net earnings attributable to General Mills		$ 409	$ 426.6
Net earnings (loss) attributable to redeemable and noncontrolling interests		10.5	8.5
Other Comprehensive Income (Loss), Net of Tax:
Foreign currency translation		80.4	(142.2)
Other fair value changes:
Securities		0.4	(0.1)
Hedge derivatives		15.2	10.3
Reclassification to earnings:
Hedge derivatives	[1]	(2.8)	0.7
Amortization of losses and prior service costs	[2]	30.6	30.9
Other comprehensive income (loss), net of tax		123.8	(100.4)
Total comprehensive income (loss) attributable to General Mills		536.5	317.1
General Mills [Member]
Net earnings attributable to General Mills		409	426.6
Other Comprehensive Income (Loss), Pretax:
Foreign currency translation		86.6	(149.9)
Other fair value changes:
Securities		0.6	(0.1)
Hedge derivatives		10.2	13.2
Reclassification to earnings:
Hedge derivatives	[1]	(1.6)	(1.1)
Amortization of losses and prior service costs	[2]	49.4	49.7
Other comprehensive income (loss), before tax		145.2	(88.2)
Other Comprehensive Income (Loss), Tax:
Foreign currency translation		0	0
Other fair value changes:
Securities		(0.2)	0
Hedge derivatives		1.9	(3.1)
Reclassification to earnings:
Hedge derivatives	[1]	(0.6)	0.6
Amortization of losses and prior service costs	[2]	(18.8)	(18.8)
Other comprehensive income (loss), tax		(17.7)	(21.3)
Other Comprehensive Income (Loss), Net of Tax:
Foreign currency translation		86.6	(149.9)
Other fair value changes:
Securities		0.4	(0.1)
Hedge derivatives		12.1	10.1
Reclassification to earnings:
Hedge derivatives	[1]	(2.2)	(0.5)
Amortization of losses and prior service costs	[2]	30.6	30.9
Other comprehensive income (loss), net of tax		127.5	(109.5)
Total comprehensive income (loss) attributable to General Mills		536.5	317.1
Noncontrolling Interests [Member]
Net earnings (loss) attributable to redeemable and noncontrolling interests		1.8	2.6
Other Comprehensive Income (Loss), Net of Tax:
Foreign currency translation		2.8	5.3
Other fair value changes:
Securities		0	0
Hedge derivatives		0	0
Reclassification to earnings:
Hedge derivatives	[1]	0	0
Amortization of losses and prior service costs	[2]	0	0
Other comprehensive income (loss), net of tax		2.8	5.3
Total comprehensive income (loss) attributable to noncontrolling interests		4.6	7.9
Redeemable Interests [Member]
Net earnings (loss) attributable to redeemable and noncontrolling interests		8.7	5.9
Other Comprehensive Income (Loss), Net of Tax:
Foreign currency translation		(9)	2.4
Other fair value changes:
Securities		0	0
Hedge derivatives		3.1	0.2
Reclassification to earnings:
Hedge derivatives	[1]	(0.6)	1.2
Amortization of losses and prior service costs	[2]	0	0
Other comprehensive income (loss), net of tax		(6.5)	3.8
Total comprehensive income (loss) attributable to redeemable interests		$ 2.2	$ 9.7	$ 30.3
[1]	(Gain) loss reclassified from AOCI into earnings is reported in interest, net for interest rate swaps and in cost of sales and selling, general, and administrative (SG&A) expenses for foreign exchange contracts.
[2]	Loss reclassified from AOCI into earnings is reported in SG&A expenses.

Stockholders' Equity (Schedul55

Stockholders' Equity (Schedule of accumulated other income income (loss)) (Details) - USD ($) $ in Millions	Aug. 28, 2016	May 29, 2016
Accumulated Other Comprehensive Loss, Net Of Tax [Abstract]
Foreign currency translation adjustments	$ (557.6)	$ (644.2)
Unrealized gain (loss) from:
Securities	4.2	3.8
Hedge derivatives	(15.6)	(25.5)
Pension, other postretirement, and postemployment benefits:
Net actuarial gain (loss)	(1,928.1)	(1,958.2)
Prior service costs	12.4	11.9
Accumulated other comprehensive loss	$ (2,484.7)	$ (2,612.2)

Stock Plans (Narrative) (Detail

Stock Plans (Narrative) (Details) $ in Millions	3 Months Ended
	Aug. 28, 2016USD ($)
Share-based Compensation Allocation and Classification in Financial Statements [Abstract]
Unrecognized compensation expense related to non-vested stock options, restricted stock, and performance award units	$ 151.4
Unrecognized compensation expense on non-vested awards weighted average period of recognition	25 months
Share-based Compensation Arrangement by Share-based Payment Award, Options, Additional Disclosures [Abstract]
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Method Used	We estimate the fair value of each stock option on the grant date using a Black-Scholes option-pricing model. Black-Scholes option-pricing models require us to make predictive assumptions regarding future stock price volatility, employee exercise behavior, and dividend yield. We estimate our future stock price volatility using the historical volatility over the expected term of the option, excluding time periods of volatility we believe a marketplace participant would exclude in estimating our stock price volatility. We also have considered, but did not use, implied volatility in our estimate, because trading activity in options on our stock, especially those with tenors of greater than 6 months, is insufficient to provide a reliable measure of expected volatility. Our method of selecting the other valuation assumptions is explained in Note 11 to the Consolidated Financial Statements included in our Annual Report on Form 10-K for the fiscal year ended May 29, 2016.

Stock Plans (Schedule of compen

Stock Plans (Schedule of compensation expense related to stock-based payments) (Details) - USD ($) $ in Millions	3 Months Ended
	Aug. 28, 2016	Aug. 30, 2015
Stock Plans [Abstract]
Compensation expense related to stock-based payments	$ 39	$ 32.9

Stock Plans (Schedule of net ca

Stock Plans (Schedule of net cash proceeds from the exercise of stock options less shares used for withholding taxes and the intrisic value of options exercised) (Details) - USD ($) $ in Millions	3 Months Ended
	Aug. 28, 2016	Aug. 30, 2015
Stock Plans [Abstract]
Net cash proceeds	$ 63.6	$ 47.7
Intrinsic value of options exercised	$ 114.3	$ 82.2

Stock Plans (Schedule of estima

Stock Plans (Schedule of estimated fair value of stock options granted and the assumptions used for the Black-Scholes option-pricing model) (Details) - $ / shares	3 Months Ended
	Aug. 28, 2016	Aug. 30, 2015
Stock Plans [Abstract]
Estimated fair values of stock options granted	$ 8.8	$ 7.24
Assumptions:
Risk-free interest rate	1.70%	2.40%
Expected term	8 years 6 months	8 years 6 months
Expected volatility	17.80%	17.60%
Dividend yield	2.90%	3.20%

Stock Plans (Schedule of inform

Stock Plans (Schedule of information on stock option activity) (Details) $ / shares in Units, $ in Millions	3 Months Ended
	Aug. 28, 2016USD ($)$ / sharesshares
Options Outstanding (Thousands) [Abstract]
Beginning Balance, Outstanding | shares	32,401,600
Granted | shares	2,446,000
Exercised | shares	(2,847,600)
Forfeited or expired | shares	(29,000)
Ending Balance, Outstanding | shares	31,971,000
Ending Balance, Exercisable | shares	22,897,100
Weighted Average Exercise Price Per Share [Abstract]
Beginning Balance, Outstanding | $ / shares	$ 37.09
Granted | $ / shares	66.52
Exercised | $ / shares	30.29
Forfeited or expired | $ / shares	54.44
Ending Balance, Outstanding | $ / shares	39.93
Ending Balance, Exercisable | $ / shares	$ 33.56
Weighted Average Remaining Contractual Term [Abstract]
Ending Balance, Outstanding	4 years 9 months 11 days
Ending Balance, Exercisable	3 years 4 months 13 days
Aggregate Intrinsic Value [Abstract]
Ending Balance, Outstanding | $	$ 989
Ending Balance, Exercisable | $	$ 854.3

Stock Plans (Schedule of info61

Stock Plans (Schedule of information on restricted stock and performance award unit activity) (Details) - USD ($) $ / shares in Units, $ in Millions	3 Months Ended
	Aug. 28, 2016	Aug. 30, 2015
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other Than Options, Additional Disclosures [Abstract]
Total grant-date fair value	$ 52.4	$ 79.8
Equity Classified Share-Settled Units [Member]
Settled Units (Thousands) [Abstract]
Beginning Balance (Non-vested)	5,100,400
Granted	1,242,500
Vested	(1,254,800)
Forfeited	(94,400)
Ending Balance (Non-vested)	4,993,700
Weighted Average Fair Value [Abstract]
Beginning Balance (Non-vested)	$ 48.6
Granted	67.44
Vested	38.72
Forfeited	53.75
Ending Balance (Non-vested)	$ 55.67
Liability Classified Share-Settled Units [Member]
Settled Units (Thousands) [Abstract]
Beginning Balance (Non-vested)	211,400
Granted	49,500
Vested	(87,600)
Forfeited	(2,800)
Ending Balance (Non-vested)	170,500
Weighted Average Fair Value [Abstract]
Beginning Balance (Non-vested)	$ 48.37
Granted	66.94
Vested	38.64
Forfeited	55.96
Ending Balance (Non-vested)	$ 56.04

Earnings per Share (Schedule of

Earnings per Share (Schedule of earnings per share) (Details) - USD ($) $ / shares in Units, shares in Millions, $ in Millions		3 Months Ended
		Aug. 28, 2016	Aug. 30, 2015
Earnings Per Share [Abstract]
Net earnings attributable to General Mills		$ 409	$ 426.6
Average number of common shares - basic EPS		600	601.7
Earnings Per Share, Basic and Diluted [Abstract]
Average number of common shares - diluted EPS		612.4	615.5
Earnings per share - basic		$ 0.68	$ 0.71
Earnings per share - diluted		$ 0.67	$ 0.69
Other Disclosures [Abstract]
Anti-dilutive stock options, restricted stock units and performance share units		1.2	2.4
Stock Options [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Incremental share effect	[1]	9.5	10.4
Restricted Stock, Restricted Stock Units, and Other [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Incremental share effect	[1]	2.9	3.4
[1]	Incremental shares from stock options, restricted stock units, and performance share units are computed by the treasury stock method.

Share Repurchases (Details)

Share Repurchases (Details) - USD ($) shares in Millions, $ in Millions	3 Months Ended		12 Months Ended
	Aug. 28, 2016	Aug. 30, 2015	May 29, 2016
Shares Repurchases [Abstract]
Shares of common stock	5.6	2.7
Aggregate purchase price	$ 399.7	$ 152.1	$ 606.7

Statements of Cash Flows (Detai

Statements of Cash Flows (Details) - USD ($) $ in Millions	3 Months Ended
	Aug. 28, 2016	Aug. 30, 2015
Business Acquisition [Line Items]
Net cash interest payments	$ 120.8	$ 123.4
Net income tax payments	$ 48.9	$ 9.7

Retirement and Postemployment65

Retirement and Postemployment Benefits (Schedule of components of net pension, other postretirement, and postemployment (income) expense) (Details) - USD ($) $ in Millions	3 Months Ended
	Aug. 28, 2016	Aug. 30, 2015
Retirement and Postemployment Benefits [Abstract]
Increase (decrease) in service and interest cost for current period resulting from change in estimate methodology	$ (17)
Increase (decrease) in estimated service and interest cost for fiscal year resulting from change in estimate methodology	$ (68)
Expected rate of return on plan assets	8.25%
Defined Benefit Pension Plans [Member]
Defined Benefit Plan Disclosure [Line Items]
Service cost	$ 30	$ 33.7
Interest cost	54.2	67
Expected return on plan assets	(121.8)	(124.3)
Amortization of losses	47.4	47.4
Amortization of prior service costs (credits)	0.6	1.2
Other adjustments	0	0
Settlement or curtailment losses	1.5	0
Net expense (income)	11.9	25
Other Postretirement Benefit Plans [Member]
Defined Benefit Plan Disclosure [Line Items]
Service cost	3.1	4.8
Interest cost	8.1	11
Expected return on plan assets	(12.1)	(11.6)
Amortization of losses	0.6	1.7
Amortization of prior service costs (credits)	(1.3)	(1.4)
Other adjustments	0	0
Settlement or curtailment losses	0	0
Net expense (income)	(1.6)	4.5
Postemployment Benefit Plans [Member]
Defined Benefit Plan Disclosure [Line Items]
Service cost	2.2	1.9
Interest cost	0.7	1
Expected return on plan assets	0	0
Amortization of losses	0.4	0.2
Amortization of prior service costs (credits)	0.2	0.6
Other adjustments	3.4	3.2
Settlement or curtailment losses	0	0
Net expense (income)	$ 6.9	$ 6.9

Business Segment Information (S

Business Segment Information (Schedule of operating segment results) (Details) $ in Millions	3 Months Ended
	Aug. 28, 2016USD ($)segment	Aug. 30, 2015USD ($)
Business Segment Information [Abstract]
Number of Operating Segments | segment	3
Segment Reporting Information [Line Items]
Net sales	$ 3,907.9	$ 4,207.9
Operating profit	645.8	683.3
Restructuring, impairment, and other exit costs	58.9	60.1
Operating Segments [Member]
Segment Reporting Information [Line Items]
Net sales	3,907.9	4,207.9
Operating profit	787.1	826.5
Significant Reconciling Items [Member]
Segment Reporting Information [Line Items]
Restructuring, impairment, and other exit costs	58.9	60.1
Corporate Non-Segment [Member]
Segment Reporting Information [Line Items]
Operating profit	82.4	83.1
U.S. Retail [Member] | Operating Segments [Member]
Segment Reporting Information [Line Items]
Net sales	2,331.8	2,531.2
Operating profit	594.4	629.7
International [Member] | Operating Segments [Member]
Segment Reporting Information [Line Items]
Net sales	1,129.8	1,199
Operating profit	100	117
Convenience Stores and Foodservice [Member] | Operating Segments [Member]
Segment Reporting Information [Line Items]
Net sales	446.3	477.7
Operating profit	$ 92.7	$ 79.8