General Mills (GIS) 10-Q 19 Dec 18 2019 Q2 Quarterly report Financial data

DOCUMENT AND ENTITY INFORMATION

DOCUMENT AND ENTITY INFORMATION - shares	6 Months Ended
	Nov. 25, 2018	Dec. 07, 2018
Document And Entity Information [Abstract]
Document Type	10-Q
Document Period End Date	Nov. 25, 2018
Amendment Flag	false
Document Fiscal Year Focus	2,019
Document Fiscal Period Focus	Q2
Current Fiscal Year End Date	--05-26
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		596,748,917

CONSOLIDATED STATEMENTS OF EARN

CONSOLIDATED STATEMENTS OF EARNINGS (Unaudited) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Nov. 25, 2018	Nov. 26, 2017	Nov. 25, 2018	Nov. 26, 2017
CONSOLIDATED STATEMENTS OF EARNINGS [ABSTRACT]
Net sales	$ 4,411.2	$ 4,198.7	$ 8,505.2	$ 7,967.9
Cost of sales	2,901.5	2,752.5	5,652.7	5,208.4
Selling, general, and administrative expenses	753.3	735.6	1,496	1,438.4
Restructuring, impairment, and other exit costs (recoveries)	209.4	1.6	208	6.8
Operating profit	547	709	1,148.5	1,314.3
Benefit plan non-service income	(21)	(20.8)	(41.9)	(41.3)
Interest, net	132.7	74.9	266.2	147.3
Earnings before income taxes and after-tax earnings from joint ventures	435.3	654.9	924.2	1,208.3
Income taxes	106.6	234.9	217.3	403.4
After-tax earnings from joint ventures	22.5	23.8	40.2	47.5
Net earnings, including earnings attributable to redeemable and noncontrolling interests	351.2	443.8	747.1	852.4
Net earnings attributable to redeemable and noncontrolling interests	7.8	13.3	11.4	17.2
Net earnings attributable to General Mills	$ 343.4	$ 430.5	$ 735.7	$ 835.2
Earnings per share - basic	$ 0.57	$ 0.75	$ 1.23	$ 1.46
Earnings per share - diluted	0.57	0.74	1.22	1.43
Dividends per share	$ 0.49	$ 0.49	$ 0.98	$ 0.98

CONSOLIDATED STATEMENTS OF COMP

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (Unaudited) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Nov. 25, 2018	Nov. 26, 2017	Nov. 25, 2018	Nov. 26, 2017
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME [ABSTRACT]
Net earnings, including earnings attributable to redeemable and noncontrolling interests	$ 351.2	$ 443.8	$ 747.1	$ 852.4
Other comprehensive income (loss), net of tax:
Foreign currency translation	37.4	(42)	(68.8)	19.5
Other fair value changes:
Securities	0	0.5	0	0.8
Hedge derivatives	2.1	(0.1)	9.2	(8.9)
Reclassification to earnings:
Securities	0	0	(2)	0
Hedge derivatives	0.1	0.8	0.7	0.6
Amortization of losses and prior service costs	20.6	27.9	42.5	55.7
Other comprehensive income (loss), net of tax	60.2	(12.9)	(18.4)	67.7
Total comprehensive income	411.4	430.9	728.7	920.1
Comprehensive income (loss) attributable to redeemable and noncontrolling interests	(12)	12.8	(16.8)	84.8
Comprehensive income attributable to General Mills	$ 423.4	$ 418.1	$ 745.5	$ 835.3

CONSOLIDATED BALANCE SHEETS (Un

CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($) $ in Millions	Nov. 25, 2018	May 27, 2018
Current assets:
Cash and cash equivalents	$ 532.7	$ 399
Receivables	1,716.8	1,684.2
Inventories	1,639.2	1,642.2
Prepaid expenses and other current assets	345.1	398.3
Total current assets	4,233.8	4,123.7
Land, buildings, and equipment	3,897.4	4,047.2
Goodwill	14,018.3	14,065
Other intangible assets	7,202.7	7,445.1
Other assets	1,031.8	943
Total assets	30,384	30,624
Current liabilities:
Accounts payable	2,823.9	2,746.2
Current portion of long-term debt	1,990.6	1,600.1
Notes payable	1,056.3	1,549.8
Other current liabilities	1,427.3	1,445.8
Total current liabilities	7,298.1	7,341.9
Long-term debt	12,208.6	12,668.7
Deferred income taxes	2,036.9	2,003.8
Other liabilities	1,313.4	1,341
Total liabilities	22,857	23,355.4
Redeemable interest	547.6	776.2
Stockholders' equity:
Common stock, 754.6 shares issued, $0.10 par value	75.5	75.5
Additional paid-in capital	1,433	1,202.5
Retained earnings	14,572.2	14,459.6
Common stock in treasury, at cost	(7,009.7)	(7,167.5)
Accumulated other comprehensive loss	(2,419.2)	(2,429)
Total stockholders' equity	6,651.8	6,141.1
Noncontrolling interests	327.6	351.3
Total equity	6,979.4	6,492.4
Total liabilities and equity	$ 30,384	$ 30,624

CONSOLIDATED BALANCE SHEETS (_2

CONSOLIDATED BALANCE SHEETS (Unaudited) (Paranthetical) - $ / shares shares in Millions	Nov. 25, 2018	May 27, 2018	May 28, 2017
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	157.9	161.5

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 Loss [Member]	Noncontrolling Interests [Member]	Redeemable Interest [Member]
Beginning balance, equity at May. 28, 2017	$ 4,685.5	$ 75.5	$ 1,120.9	$ (7,762.9)	$ 13,138.9	$ (2,244.5)	$ 357.6
Beginning balance, equity attributable to redeemable noncontrolling interest at May. 28, 2017								$ 910.9
Beginning balance, common stock shares at May. 28, 2017		754.6
Beginning balance, treasury stock shares at May. 28, 2017				(177.7)
Total comprehensive income (loss)	2,302.8				2,131	144.9	26.9
Total comprehensive income (loss) attributable to redeemable interests								43.6
Cash dividends declared	(1,139.7)				(1,139.7)
Shares purchased, value	(601.6)			$ (601.6)
Shares purchased, shares				(10.9)
Shares issured, value	969.9		(39.1)	$ 1,009
Shared issued, shares				22.7
Stock compensation plans, value	130.1		(57.9)	$ 188
Stock compensation plans, shares				4.4
Unearned compensation related to restricted stock unit awards	(58.1)		(58.1)
Earned compensation	77		77
(Increase) decrease in redemption value of redeemable interest	159.7		159.7					(159.7)
Distributions to noncontrolling and redeemable interest holders	(33.2)						(33.2)	(18.6)
Reclassification of certain income tax effects					329.4	(329.4)
Ending balance, equity at May. 27, 2018	6,492.4	$ 75.5	1,202.5	$ (7,167.5)	14,459.6	(2,429)	351.3
Ending balance, equity attributable to redeemable noncontrolling interest at May. 27, 2018	$ 776.2							776.2
Ending balance, common stock shares at May. 27, 2018	754.6	754.6
Ending balance, treasury stock shares at May. 27, 2018	(161.5)			(161.5)
Total comprehensive income (loss)	$ 744.1				735.7	9.8	(1.4)
Total comprehensive income (loss) attributable to redeemable interests								(15.4)
Cash dividends declared	(589.2)				(589.2)
Shares purchased, value	$ (0.3)			$ (0.3)
Shares purchased, shares	0			0
Stock compensation plans, value	$ 142.6		(15.5)	$ 158.1
Stock compensation plans, shares				3.6
Unearned compensation related to restricted stock unit awards	(66.7)		(66.7)
Earned compensation	43.8		43.8
Increase in investment in redeemable interest								55.7
(Increase) decrease in redemption value of redeemable interest	268.9		268.9					(268.9)
Distributions to noncontrolling and redeemable interest holders	(22.3)						(22.3)
Ending balance, equity at Nov. 25, 2018	6,979.4	$ 75.5	$ 1,433	$ (7,009.7)	14,572.2	$ (2,419.2)	$ 327.6
Ending balance, equity attributable to redeemable noncontrolling interest at Nov. 25, 2018	$ 547.6							$ 547.6
Ending balance, common stock shares at Nov. 25, 2018	754.6	754.6
Ending balance, treasury stock shares at Nov. 25, 2018	(157.9)			(157.9)
Adoption of revenue recognition accounting requirements	$ (33.9)				$ (33.9)

CONSOLIDATED STATEMENTS OF TO_2

CONSOLIDATED STATEMENTS OF TOTAL EQUITY AND REDEEMABLE INTEREST (Unaudited) (Paranthetical) shares in Billions	$ / 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	$ 1.96
Par Value Common Stock	$ 0.1
Common Stock, Shares Authorized | shares	1
Cash dividends declared per share	$ 0.98
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	6 Months Ended
	Nov. 25, 2018	Nov. 26, 2017
Cash Flows - Operating Activities
Net earnings, including earnings attributable to redeemable and noncontrolling interests	$ 747.1	$ 852.4
Adjustments to reconcile net earnings to net cash provided by operating activities:
Depreciation and amortization	310.1	290.8
After-tax earnings from joint ventures	(40.2)	(47.5)
Distributions of earnings from joint ventures	34.7	45.1
Stock-based compensation	44.5	48.2
Deferred income taxes	43.8	70.2
Pension and other postretirement benefit plan contributions	(14.6)	(12.6)
Pension and other postretirement benefit plan costs	3.1	2.4
Restructuring, impairment, and other exit costs	179	(7.4)
Changes in current assets and liabilities	100	362.3
Other, net	(11)	(37.1)
Net cash provided by operating activities	1,396.5	1,566.8
Cash Flows - Investing Activities
Purchases of land, buildings, and equipment	(253.8)	(260)
Investments In affiliates, net	(1.5)	(7.4)
Proceeds from disposal of land, buildings, and equipment	11.3	0.6
Other, net	(51.4)	(3.9)
Net cash used by investing activities	(295.4)	(270.7)
Cash Flows - Financing Activities
Change in notes payable	(482.1)	53.1
Issuance of long-term debt	0	500
Payment of long-term debt	(0.4)	(500.1)
Proceeds from common stock issued on exercised options	87.3	50.6
Purchases of common stock for treasury	(0.3)	(600.5)
Dividends paid	(589.2)	(565.2)
Investment in redeemable interest	55.7	0
Distributions to noncontrolling and redeemable interest holders	(6.8)	(45.3)
Other, net	(11.5)	(23.6)
Net cash used by financing activities	(947.3)	(1,131)
Effect of exchange rate changes on cash and cash equivalents	(20.1)	30.9
Increase in cash and cash equivalents	133.7	196
Cash and cash equivalents - beginning of year	399	766.1
Cash and cash equivalents - end of period	532.7	962.1
Cash Flow from changes in current assets and liabilities:
Receivables	(64)	(53.9)
Inventories	(15.3)	(15.6)
Prepaid expenses and other current assets	45.3	42.3
Accounts payable	144.1	377
Other current liabilities	(10.1)	12.5
Changes in current assets and liabilities	$ 100	$ 362.3

BACKGROUND

BACKGROUND	6 Months Ended
	Nov. 25, 2018
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 (U.S. GAAP) 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 t ransactions and any noncontrolling and redeemable interests’ share of those transactions. Operating results for the quarter ended November 25, 2018 , are not necessarily indicative of the results that may be expected for the fiscal year ending May 26, 2019 . These stat ements 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 27, 2018 . The accounting policies used in preparing these Consolidated Financial Statements a re the same as those described in Note 2 to the Consolidated Financial Statements in that Form 10-K with the exception of the new accounting requirements adopted in the first quarter of fiscal 2019 related to the presentation of net periodic defined benefi t pension expense, net periodic postretirement benefit expense, and net periodic postemployment benefit expense and to revenue recognition. Please s ee Note 17 for additional information. Certain terms used throughout this report are defined in the “Glossar y” section below.

ACQUISITION

ACQUISITION	6 Months Ended
	Nov. 25, 2018
Acquisition [Abstract]
Acquisition	( 2 ) Acquisition During the fourth quarter of fiscal 2018, we acquired Blue Buffalo Pet Products, Inc. (“Blue Buffalo”) for an aggregate purchase price of $8.0 billion, including $103.0 million of consideration for net debt repaid at the time of the acq uisition. In accordance with the definitive agreement and plan of merger, a subsidiary of General Mills merged into Blue Buffalo, with Blue Buffalo surviving the merger as a wholly owned subsidiary of General Mills. In accordance with the merger agreement, equity holders of Blue Buffalo received $40.00 per share in cash. We financed the transaction with a combination of $6.0 billion in debt, $1.0 billion in equity, and cash on hand. In the quarter and six-month periods ended November 25, 2018, we recorded a cquisition integration costs of $6.8 million and $15.5 million respectively, in selling, general, and administrative (SG&A) expenses. We consolidated Blue Buffalo into our Consolidated Balance Sheets and recorded goodwill of $5.3 billion, an indefinite-li ved intangible asset for the Blue Buffalo brand of $2.7 billion, and a finite- lived customer relationship asset of $269.0 million. The goodwill was primarily attributable to future growth opportunities and any intangible assets that did not qualify for se parate recognition. The goodwill is included in the Pet reporting unit and is not deductible for tax purposes. We have conducted a preliminary assessment of certain assets and liabilities related to the acquisition of Blue Buffalo, and we are continuing ou r review of these items during the measurement period. If new information is obtained about facts and circumstances that existed at the acquisition date, the acquisition accounting will be revised to reflect the resulting adjustments to current estimates o f these items. The results of Blue Buffalo are reported in our Pet operating segment on a one-month lag.

RESTRUCTURING, IMPAIRMENT, AND

RESTRUCTURING, IMPAIRMENT, AND OTHER EXIT COSTS	6 Months Ended
	Nov. 25, 2018
Restructuring, Impairment, and Other Exit Costs [Abstract]
Restructuring, Impairment, and Other Exit Costs	( 3 ) Restructuring, Impairment, and Other Exit Costs Restructuring and impairment charges were as follows: Quarter Ended Six-Month Period Ended In Millions Nov. 25, 2018 Nov. 26, 2017 Nov. 25, 2018 Nov. 26, 2017 Asset impairments $ 205.8 $ - $ 205.8 $ - Charges associated with restructuring actions previously announced 3.6 2.2 2.4 19.7 Total $ 209.4 $ 2.2 $ 208.2 $ 19.7 In the second quarter of fiscal 2019, we recorded $192.6 million of charge s related to the impairment of our Progresso , Food Should Taste Good and Mountain High brand intangible assets in restructuring, impairment, and other exit costs. Please see Note 4 for additional information. During the second quarter of fiscal 2019, we recorded a $13.2 million charge in restructuring, impairment, and other exit costs relat ed to the impairment of certain manufacturing assets within our N orth America Retail segment. In the six-month period ended November 25, 2018, we did not undertake any new restructuring actions. We recorded $3.6 million of charges for previously ann ounced restructuring actions in the second quarter of fiscal 2019 and $2.4 million in the six-month period ended November 25, 2018 , compared to $2.2 million in the second quarter of fiscal 2018 and $19.7 million in the six-month period ended November 26, 2 017. We paid $29.2 million in cash relating to these actions in the six-month period ended November 25, 2018 , compared to $27.1 million in the six-month period ended November 26, 2017. These restructuring actions are expected to be completed by the end of fiscal 20 20 . We paid $0.3 million in cash in the six-month period ended November 25, 2018 , for project-related costs compared to $5.0 million in the same period of fiscal 2018. Restructuring and impairment cha r ges and project-related costs are recorded in our Consolidated Statements of Earnings as follows: Quarter Ended Six-Month Period Ended In Millions Nov. 25, 2018 Nov. 26, 2017 Nov. 25, 2018 Nov. 26, 2017 Restructuring, impairment, and other exit costs $ 209.4 $ 1.6 $ 208.0 $ 6.8 Cost of sales - 0.6 0.2 12.9 Total restructuring and impairment charges 209.4 2.2 208.2 19.7 Project-related costs classified in cost of sales $ - $ 4.2 $ 1.2 $ 5.4 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 27, 2018 $ 66.0 $ 0.1 $ 0.7 $ 66.8 Fiscal 2019 charges, including foreign currency translation (6.4) 0.9 1.9 (3.6) Utilized in fiscal 2019 (20.9) (1.0) (2.3) (24.2) Reserve balance as of Nov. 25, 2018 $ 38.7 $ - $ 0.3 $ 39.0 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, accelerated depreciation, the gain or loss on the sale of restructured assets, and the write-off of spare parts) and other periodic exit costs are recognized as incurred, as those items are not reflected in our restructuring and other exit cost reserves on our Consolidated Balance She ets.

GOODWILL AND OTHER INTANGIBLE A

GOODWILL AND OTHER INTANGIBLE ASSETS	6 Months Ended
	Nov. 25, 2018
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 Nov. 25, 2018 May 27, 2018 Goodwill $ 14,018.3 $ 14,065.0 Other intangible assets: Intangible assets not subject to amortization: Brands and other indefinite-lived intangibles 6,604.2 6,818.7 Intangible assets subject to amortization: Franchise agreements, customer relationships, and other finite-lived intangibles 793.0 811.7 Less accumulated amortization (194.5) (185.3) Intangible assets subject to amortization, net 598.5 626.4 Other intangible assets 7,202.7 7,445.1 Total $ 21,221.0 $ 21,510.1 Based on the carrying value of finite-lived intangible assets as of November 25, 2018 , annual amortization expense for each of the next five fiscal years is estimated to be approximately $ 40 million . During the fourth quarter of fiscal 2018, we acquired Blue Buffalo, which became our Pet operating segment and we recorded $5.3 billion of goodwill, $2.7 billion related to an indefinite-lived brand intangible asset, and $269.0 million related to a customer relationships intangible asset. The changes in the carrying amount of goodwill during fiscal 2019 were as follows: In Millions North America Retail Pet Convenience Stores & Foodservice Europe & Australia Asia & Latin America Joint Ventures Total Balance as of May 27, 2018 $ 6,410.6 $ 5,294.9 $ 918.8 $ 729.9 $ 285.0 $ 425.8 $ 14,065.0 Other activity, primarily foreign currency translation (2.3) - - (21.3) (11.7) (11.4) (46.7) Balance as of Nov. 25, 2018 $ 6,408.3 $ 5,294.9 $ 918.8 $ 708.6 $ 273.3 $ 414.4 $ 14,018.3 The changes in the carrying amount of other intangible assets during fisca l 2019 were as follows: In Millions Total Balance as of May 27, 2018 $ 7,445.1 Impairment charges (192.6) Other activity, primarily foreign currency translation (49.8) Balance as of Nov. 25, 2018 $ 7,202.7 We performed o ur annual goodwill and indefinite-lived intangible assets impairment test as of the first day of the second quarter of fiscal 2019 . As a result of lower sales projections in our long-range plans for the businesses supporting the Progresso , Food Should Taste Good , and Mountain High brand intangible assets , we recorded the following impairment charges: In Millions Impairment Charge Fair Value as of Nov. 25, 2018 (a) Progresso $ 132.1 $ 330.0 Food Should Taste Good 45.1 - Mountain High 15.4 - Total $ 192.6 $ 330.0 (a) Level 3 assets in the fair value hierarchy. Significant assumptions used in that assessment included our long-range cash flow projections for the businesses, royalty rates, weighted average cost of capital rates, and tax rates. All other intangible asset fair values were substantially in excess of the carrying values, except for the Latin America reporting unit and the Yoki brand intangible asset . The excess fair value as of the fiscal 2019 test date of the Latin America reporting unit and the Yoki brand intangible asset w ere as follows: In Millions Carrying Value of Intangible Asset Excess Fair Value as of Fiscal 2019 Test Date Latin America 209.0 7% Yoki $ 49.1 10% While having significant coverage as of our fiscal 2019 assessment date, the Pillsbury brand intangible asset and U.S. Yogurt reporting unit had risk of decreasing coverage. We will continue to monitor these businesses for potential impairment.

INVENTORIES

INVENTORIES	6 Months Ended
	Nov. 25, 2018
Inventories [Abstract]
Inventories	( 5 ) Inventories The components of inventories were as follows: In Millions Nov. 25, 2018 May 27, 2018 Raw materials and packaging $ 396.7 $ 400.0 Finished goods 1,349.2 1,364.2 Grain 112.5 91.2 Excess of FIFO over LIFO cost (219.2) (213.2) Total $ 1,639.2 $ 1,642.2

RISK MANAGEMENT ACTIVITIES

RISK MANAGEMENT ACTIVITIES	6 Months Ended
	Nov. 25, 2018
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), dairy products, 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 manage 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 generall y 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 positions. 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 eff ective 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, these gains and losses are reported in unallocated corp orate 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 segments t o realize the economic effects of the derivative without experiencing any resulting mark-to-market volatility, which remains in unallocated corporate items. Unallocated corporate items for the quarters and six-month periods ended November 25, 2018 and November 26, 2017 included: Quarter Ended Six-Month Period Ended In Millions Nov. 25, 2018 Nov. 26, 2017 Nov. 25, 2018 Nov. 26, 2017 Net loss on mark-to-market valuation of certain commodity positions $ (17.5) $ (0.6) $ (37.0) $ (8.4) Net loss (gain) on commodity positions reclassified from unallocated corporate items to segment operating profit 2.2 2.5 (1.5) 6.1 Net mark-to-market revaluation of certain grain inventories 3.5 2.6 (4.4) 8.6 Net mark-to-market valuation of certain commodity positions recognized in unallocated corporate items $ (11.8) $ 4.5 $ (42.9) $ 6.3 As of November 25, 2018 , the net notional value of commodity derivatives was $ 172.1 million, of which $ 73.6 million related to energy inputs and $ 98.5 million related to agricultural inputs. These contracts relate to inputs that generally will be utilized within the next 12 months. 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 November 25, 2018 , and were Le vel 1 or Level 2 assets and liabilities in the fair value hierarchy. We did not significa ntly change our valuation techniques from prior periods. We off er certain suppliers access to third party service s that allow them to view our scheduled payments online. The third party service s also allow 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 wit h the suppliers, the third parties , or any finan c ial institutions concerning these service s . All of our accounts payable remain as obligations to our suppliers as stated in our supplier agreements. As of November 25, 2018 , $1,033 .1 million of our total accounts payabl e were payable to suppliers who utilize these third party services.

DEBT

DEBT	6 Months Ended
	Nov. 25, 2018
Debt [Abstract]
Debt	( 7 ) Debt The components of notes payable were as follows: In Millions Nov. 25, 2018 May 27, 2018 U.S. commercial paper $ 867.6 $ 1,213.5 Financial institutions 188.7 336.3 Total $ 1,056.3 $ 1,549.8 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 November 25, 2018 : In Billions Facility Amount Borrowed Amount Credit facility expiring: May 2022 $ 2.7 $ - June 2019 0.2 - Total committed credit facilities 2.9 - Uncommitted credit facilities 0.6 0.2 Total committed and uncommitted credit facilities $ 3.5 $ 0.2 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 November 25, 2018 . Long-Term Debt The fair values and carrying amounts of long-term debt, including the current portion, were $ 13,874.0 million and $ 14,199.2 million, respectively , as of November 25, 2018 . The fair value of long-term debt was estimated using market quotations and di scounted 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 April 2018, we issued $4,800.0 million principal amount of fixed-rate notes. Interest on the notes is payable semi-annually in arrears. We may redeem the notes in whole, or in part, at any time at the applicable redemption price. The notes are senior unsecured obligations that include a change of control repurchase provision. The net proceeds were used to finance a portion of the Blue Buffalo acquisition . The principal amounts of these fixed-rate notes were as follows: In Millions Principal 4.2% notes due April 17, 2028 $ 1,400.0 3.7% notes due October 17, 2023 850.0 4.0% notes due April 17, 2025 800.0 4.7% notes due April 17, 2048 650.0 3.2% notes due April 16, 2021 600.0 4.55% notes due April 17, 2038 500.0 Total $ 4,800.0 In April 2018, we issued $1,250.0 million principal amount of floating-rate notes. Interest on the notes is payable quarterly in arrears. The notes are not generally redeemable prior to maturity. These notes are senior unsecured obligations that include a change of control repurchase provision. The net proceeds were used to finance a portion of the Blue Buffalo acquisition . The principal amounts of these floating-rate notes were as follows: In Millions Principal Floating-rate notes due April 16, 2021 $ 850.0 Floating-rate notes due October 17, 2023 400.0 Total $ 1,250.0 In the third quarter of fiscal 2018, we paid $113.8 million to repurchase $100.0 million of our previously issued 6.39 percent medium term notes due 2023. We recorded the $13.8 million premium paid in the repurchase as interest expense. In October 2017, we issued $500.0 million principal amount of 2.6 percent fixed-rate notes due October 12, 2022. Interest on the notes is payable semi-annually in arrears. We may redeem the notes in whole, or in part, at any time at the applicable redempti on price. The notes are senior unsecured obligations that include a change of control repurchase provision. The net proceeds, together with cash on hand, were used to repay $500.0 million of 1.4 percent fixed-rate notes. Certain of our long-term debt agreements contain restrictive covenants . As of November 25, 2018 , we were in compliance with all of these covenants.

REDEEMABLE AND NONCONTROLLING I

REDEEMABLE AND NONCONTROLLING INTERESTS	6 Months Ended
	Nov. 25, 2018
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 Balance She ets quarterly to the redeemable interest’s redemption value, which approximates its fair value. Yoplait SAS pays dividends annually if it meets certain financial metrics set forth in its shareholders’ agreement. As of November 25, 2018 , the redemption value of the euro-denominated redeemable interest was $547.6 million. A subsidiary of Yoplait SAS has an exclusive milk supply agreement for its European operations with Sodiaal through July 1, 2021. Net purchases totaled $ 107.8 million for the six - month period ended November 25, 2018 , and $ 112.3 million for the six - month period ended November 26, 2017 . During the second quarter of fiscal 2019, Sodiaal made an additional investment of $55.7 million in Yoplait SAS. On the acquisition d ates, 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 She ets. Yoplait Marques SNC earns a royalty stream through a licensing agreement 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 f or the rights to Libe rté and related trademarks. These entities pay dividends annually based on their available cash as of their fiscal year end. The third-party holder of the General Mills Cereals, LLC (GMC) Class A Interests 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). On June 1, 2018, the floating preferred return rate on GMC’s Class A Interests was reset to the sum of three-month LIBOR plus 142.5 basis points. The preferred return rate is adjusted every three years through a negotiated agreement with the Class A Interest holder or through a remarke ting auction. Our noncontrolling interests contain restrictive covenants. As of November 25, 2018 , we were in compliance with all of these covenants.

STOCKHOLDERS' EQUITY

STOCKHOLDERS' EQUITY	6 Months Ended
	Nov. 25, 2018
Stockholders' Equity [Abstract]
Stockholders' Equity	( 9 ) Stockholders’ Equity The following tables provide details of total comprehensive income: Quarter Ended Quarter Ended Nov. 25, 2018 Nov. 26, 2017 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 $ 343.4 $ 5.1 $ 2.7 $ 430.5 $ 4.5 $ 8.8 Other comprehensive income (loss): Foreign currency translation $ 56.5 $ - 56.5 (8.3) (10.8) $ (43.3) $ - (43.3) 0.6 0.7 Other fair value changes: Securities - - - - - 0.9 (0.4) 0.5 - - Hedge derivatives 2.0 0.7 2.7 - (0.6) 3.5 (2.5) 1.0 - (1.1) Reclassification to earnings: Hedge derivatives (a) 0.5 (0.3) 0.2 - (0.1) 2.5 (1.0) 1.5 - (0.7) Amortization of losses and prior service costs (b) 26.8 (6.2) 20.6 - - 43.8 (15.9) 27.9 - - Other comprehensive income (loss) $ 85.8 $ (5.8) 80.0 (8.3) (11.5) $ 7.4 $ (19.8) (12.4) 0.6 (1.1) Total comprehensive income (loss) $ 423.4 $ (3.2) $ (8.8) $ 418.1 $ 5.1 $ 7.7 (a) Loss (gain) reclassified from AOCI into earnings is reported in interest, net for interest rate swaps and in cost of sales and SG&A expenses for foreign exchange contracts. (b) Loss reclassified from AOCI into earnings is reported in benefit plan non-service income. Please refer to Note 17. Six-Month Period Ended Six-Month Period Ended Nov. 25, 2018 Nov. 26, 2017 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 $ 735.7 $ 8.2 $ 3.2 $ 835.2 $ 6.0 $ 11.2 Other comprehensive income (loss): Foreign currency translation $ (40.3) $ - (40.3) (9.6) (18.9) $ (48.6) $ - (48.6) 22.1 46.0 Other fair value changes: Securities - - - - - 1.3 (0.5) 0.8 - - Hedge derivatives 9.2 (0.3) 8.9 - 0.3 (12.2) 2.7 (9.5) - 0.6 Reclassification to earnings: Securities (a) (2.6) 0.6 (2.0) - - - - - - - Hedge derivatives (b) 1.0 (0.3) 0.7 - - 3.3 (1.6) 1.7 - (1.1) Amortization of losses and prior service costs (c) 53.7 (11.2) 42.5 - - 87.6 (31.9) 55.7 - - Other comprehensive income (loss) $ 21.0 $ (11.2) 9.8 (9.6) (18.6) $ 31.4 $ (31.3) 0.1 22.1 45.5 Total comprehensive income (loss) $ 745.5 $ (1.4) $ (15.4) $ 835.3 $ 28.1 $ 56.7 (a) Gain reclassified from AOCI into earnings is reported in interest, net for securities. (b) Loss (gain) reclassified from AOCI into earnings is reported in interest, net for interest rate swaps and in cost of sales and SG&A expenses for foreign exchange contracts. (c) Loss reclassified from AOCI into earnings is reported in benefit plan non-service income. Please refer t o Note 17. Accumulated other comprehensive loss balances, net of tax effects, were as follows: In Millions Nov. 25, 2018 May 27, 2018 Foreign currency translation adjustments $ (741.9) $ (701.6) Unrealized gain (loss) from: Securities - 2.0 Hedge derivatives (22.5) (32.1) Pension, other postretirement, and postemployment benefits: Net actuarial loss (1,679.9) (1,723.6) Prior service credits 25.1 26.3 Accumulated other comprehensive loss $ (2,419.2) $ (2,429.0)

STOCK PLANS

STOCK PLANS	6 Months Ended
	Nov. 25, 2018
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 accounting 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 27, 2018 . Compensation expense related to stock-based payments recognized in the Consolidated Statements of Earnings was as follows: Quarter Ended Six-Month Period Ended In Millions Nov. 25, 2018 Nov. 26, 2017 Nov. 25, 2018 Nov. 26, 2017 Compensation expense related to stock-based payments $ 18.4 $ 19.3 $ 44.6 $ 48.9 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 2019 and fiscal 2018 . We recognized windfall tax benefits from stock-based payments in income tax expense in our Consolidated Statements of Earnings of $1.9 million for the second quarter of fiscal 2019 and $6.7 million for the six-month period ended November 25, 2018 compared to $2.5 million in the second quarter of fiscal 2018 and $20.2 million in the six-month period ended November 26, 2017. As of November 25, 2018 , unrecognized compensation expense related to non-vested stock options, restricted stock units, and performance share units was $ 133.7 million. This expense will be recognized over 26 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: Six-Month Period Ended In Millions Nov. 25, 2018 Nov. 26, 2017 Net cash proceeds $ 87.3 $ 50.6 Intrinsic value of options exercised $ 39.0 $ 46.0 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 v olatility. 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 ins ufficient to provide a reliable measure of expected vol atility. 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 27, 2018 . The estimated fair values of stock options gra nted and the assumptions used for the Black-Scholes option-pricing model were as follows: Six-Month Period Ended Nov. 25, 2018 Nov. 26, 2017 Estimated fair values of stock options granted $5.35 $6.18 Assumptions: Risk-free interest rate 2.9 % 2.2 % Expected term 8.5 years 8.2 years Expected volatility 16.3 % 15.8 % Dividend yield 4.3 % 3.6 % 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 27, 2018 28,963.8 $ 42.90 Granted 3,107.4 46.06 Exercised (2,915.5) 31.46 Forfeited or expired (349.6) 53.78 Outstanding as of Nov. 25, 2018 28,806.1 $ 44.27 4.61 $ 123.7 Exercisable as of Nov. 25, 2018 19,171.6 $ 38.78 2.72 $ 123.7 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 27, 2018 3,731.8 $ 57.50 121.3 $ 58.26 Granted 1,677.8 45.83 33.7 46.12 Vested (717.0) 50.13 (34.8) 54.38 Forfeited (255.7) 62.98 (10.7) 57.69 Non-vested as of Nov. 25, 2018 4,436.9 $ 53.96 109.5 $ 55.46 The total grant date fair value of restricted stock unit awards that vested during the period follows: Six-Month Period Ended In Millions Nov. 25, 2018 Nov. 26, 2017 Total grant date fair value $ 37.9 $ 77.0

EARNINGS PER SHARE

EARNINGS PER SHARE	6 Months Ended
	Nov. 25, 2018
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 Six-Month Period Ended In Millions, Except per Share Data Nov. 25, 2018 Nov. 26, 2017 Nov. 25, 2018 Nov. 26, 2017 Net earnings attributable to General Mills $ 343.4 $ 430.5 $ 735.7 $ 835.2 Average number of common shares - basic EPS 599.4 571.3 598.7 574.0 Incremental share effect from: (a) Stock options 3.3 7.0 3.4 7.6 Restricted stock, restricted stock units, and other 1.8 2.0 1.7 2.0 Average number of common shares - diluted EPS 604.5 580.3 603.8 583.6 Earnings per share - basic $ 0.57 $ 0.75 $ 1.23 $ 1.46 Earnings per share - diluted $ 0.57 $ 0.74 $ 1.22 $ 1.43 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 Six-Month Period Ended In Millions Nov. 25, 2018 Nov. 26, 2017 Nov. 25, 2018 Nov. 26, 2017 Anti-dilutive stock options, restricted stock units, and performance share units 14.4 9.2 14.0 7.5

SHARE REPURCHASES

SHARE REPURCHASES	6 Months Ended
	Nov. 25, 2018
Shares Repurchases [Abstract]
Share Repurchases	( 12 ) Share Repurchases Share repurchases were as follows: Quarter Ended Six-Month Period Ended In Millions Nov. 25, 2018 Nov. 26, 2017 Nov. 25, 2018 Nov. 26, 2017 Shares of common stock - - - 10.9 Aggregate purchase price $0.1 $0.2 $0.3 $600.5

STATEMENTS OF CASH FLOWS

STATEMENTS OF CASH FLOWS	6 Months Ended
	Nov. 25, 2018
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: Six-Month Period Ended In Millions Nov. 25, 2018 Nov. 26, 2017 Net cash interest payments $ 252.0 $ 133.7 Net income tax payments $ 235.2 $ 333.0

RETIREMENT AND POSTEMPLOYMENT B

RETIREMENT AND POSTEMPLOYMENT BENEFITS	6 Months Ended
	Nov. 25, 2018
Retirement and Postemployment Benefits [Abstract]
Retirement and Postemployment Benefits	( 14 ) Retirement and Postemployment Benefits In fiscal 2018, we approved an amendment to reorganize the U.S. qualified defined benefit pension plans and the supplemental pension plans that resulted in the spinoff of a portion of the General Mills Pension Plan (the Plan) and the 2005 Supplemental Reti rement Plan and the Supplemental Retirement Plan (Grandfathered) (together, the Supplemental Plans) into new plans effective May 31, 2018. The benefits offered to the plans’ participants were unchanged. The result of the reorganization was the creation o f the General Mills Pension Plan I (Plan I) and the 2005 Supplemental Retirement Plan I and the Supplemental Retirement Plan I (Grandfathered) (together, the Supplemental Plans I). The reorganization was made to facilitate a targeted investment strategy o ver time and to provide additional flexibility in evaluating opportunities to reduce risk and volatility. Actuarial gains and losses associated with the Plan and the Supplemental Plans are amortized over the average remaining service life of the active pa rticipants. Actuarial gains and losses associated with Plan I and the Supplemental Plans I are amortized over the average remaining life of the participants. 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 Nov. 25, 2018 Nov. 26, 2017 Nov. 25, 2018 Nov. 26, 2017 Nov. 25, 2018 Nov. 26, 2017 Service cost $ 23.7 $ 24.0 $ 2.7 $ 2.8 $ 1.9 $ 2.2 Interest cost 62.0 55.4 8.2 7.7 0.8 0.5 Expected return on plan assets (111.5) (119.3) (10.1) (13.1) - - Amortization of losses 27.5 44.1 0.1 0.2 - 0.2 Amortization of prior service costs (credits) 0.4 0.5 (1.4) (1.3) 0.2 0.1 Other adjustments - - - - 2.8 3.4 Net expense (income) $ 2.1 $ 4.7 $ (0.5) $ (3.7) $ 5.7 $ 6.4 Defined Benefit Pension Plans Other Postretirement Benefit Plans Postemployment Benefit Plans Six-Month Period Ended Six-Month Period Ended Six-Month Period Ended In Millions Nov. 25, 2018 Nov. 26, 2017 Nov. 25, 2018 Nov. 26, 2017 Nov. 25, 2018 Nov. 26, 2017 Service cost $ 47.4 $ 47.9 $ 5.1 $ 5.6 $ 3.8 $ 4.3 Interest cost 124.0 110.8 16.5 15.4 1.5 1.1 Expected return on plan assets (223.0) (238.4) (20.2) (26.1) - - Amortization of losses 55.0 88.2 0.3 0.4 0.1 0.4 Amortization of prior service costs (credits) 0.8 1.0 (2.8) (2.7) 0.3 0.3 Other adjustments - - - - 5.6 6.8 Net expense (income) $ 4.2 $ 9.5 $ (1.1) $ (7.4) $ 11.3 $ 12.9

INCOME TAXES

INCOME TAXES	6 Months Ended
	Nov. 25, 2018
Income Taxes [Abstract]
Income Taxes	( 15 ) Income Taxes On December 22, 2017, the Tax Cuts and Jobs Act (TCJA) was signed into law. The TCJA results in significant revisions to the U.S. corporate income tax system, including a reduction in the U.S. corporate income tax rate, implementation of a territorial system, and a one-time deemed repatriation tax on untaxed foreign earnings. The TCJA includes provisions affecting our fiscal 2019 tax rate, including , but not limited to: a reduction in the U.S. corporate tax ra te on domestic operations to 21 percent ; a new provision that taxes U.S. allocated expenses and certai n income from foreign operations (Global Intangible Low Tax Income or “GILTI”); a new limitation on deductible interest expense; the repeal of the domestic manufacturing deduction; and a limitation on the deductibility of certain executive compensation. Ge nerally, the impacts of new legislation would be required to be recorded in the period of enactment which for us was the third quarter of fiscal 2018. However, Accounting Standards Update 2018-05: Income Taxes (Topic 740) (ASU 2018-05) was issued with guid ance allowing for the recognition of provisional amounts in the event that the accounting is not complete and a reasonable estimate can be made. The guidance allows for a measurement period of up to one year from the enactment date to finalize the accounti ng related to the TCJA. As of November 25, 2018, we have not completed our accounting for the tax effects of the TCJA. During fiscal 2018, we recorded a provisional net benefit of $523.5 million which included the estimated impact of revaluing our net U.S. deferred tax liabilities to reflect the new U.S. corporate tax rate, partially offset by a provisional charge for the estimated transition tax and a provisional deferred tax liability related to changes in our permanent reinvestment assertion. This provi sional net benefit was determined using reasonable estimates for those tax effects based on analysis and information available to date. The provisional net benefit is subject to revisions as we complete our analysis of the TCJA, collect and prepare necessa ry data, and interpret any additional guidance issued by the U.S. Treasury Department, Internal Revenue Service, Financial Accounting Standards Board, and other standard setting and regulatory bodies. Adjustments may materially impact our provision for inc ome taxes and effective tax rate in the period in which the adjustments are made. Our accounting for the tax effects of the TCJA will be completed during the measurement period of up to one year from the enactment date. During the second quarter of fiscal 2019, we continued our analysis of the impacts of the TCJA and there were no adjustments to the previously recorded provisional amounts.

BUSINESS SEGMENT AND GEOGRAPHIC

BUSINESS SEGMENT AND GEOGRAPHIC INFORMATION	6 Months Ended
	Nov. 25, 2018
Business Segment and Geographic Information [Abstract]
Business Segment and Geographic Information	( 16 ) Business Segment and Geographic Information We operate in the packaged foods industry. During the fourth quarter of fiscal 2018 , we acquired Blue Buffalo, which became our Pet operating segment. Following the acquisition, our operating segments are as follows: North America Retail; Convenience Stores & Foodservice; Europe & Australia; Asia & Latin America; and Pet. Our North Ameri ca Retail operating 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. Our product categories in this business seg ment 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 refrigera ted yogurt, nutrition bars, meal kits, salty snacks, ready-to-eat cereal, and grain snacks. Our major product categories in our Convenience Stores & Foodservice operating segment are ready-to-eat cereals, snacks, refrigerated yogurt, frozen 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 includin g foodservice, convenience store s, vending, and supermarket bakeries in the United States. Our Europe & Australia operating segment reflects retail and foodservice businesses in the greater Europe and Australia regions. Our product categories include refrigerated yogurt, meal kits, super-premium ice cream, refrigerated and frozen dough products, shelf stable vegetables, grain snacks, and dessert and baking mixes. We also sell super-premium ice cream directly to consumers through owned retail shops. Revenues from franchise fees are re ported in the region or country where the franchisee is located. Our Asia & Latin America operating segment consists of retail and foodservice businesses in the greater Asia and South America regions. Our product categories include super-premium ice cream and frozen desserts, refrigerated and frozen dough products, dessert and baking mixes, meal kits, salty and grain snacks, wellness beverages, and refrigerated yogurt. We also sell super-premium ice cream and frozen desserts directly to consumers through ow ned retail shops. Our Asia & Latin America 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. Revenue s from export activities and franchise fees are reported in the region or country where the end customer or franchisee is located. Our Pet operating segment includes pet food products sold primarily in the United States in specialty channels, including na tional pet superstore chains, regional pet store chains, neighborhood pet stores, and farm and feed stores; e-commerce retailers; military outlets; hardware stores; veterinary clinics and hospitals; and grocery and mass merchandisers. Our product categorie s include dog and cat food (dry foods, wet foods, and treats) made with whole meats, fruits and vegetables, and other high-quality natural ingredients. Our tailored pet product offerings address specific dietary, lifestyle, and life-stage needs and span di fferent product types, diet types, breed sizes for dogs, lifestages, flavors, product functions and textures, and cuts for wet foods. We are reporting the Pet operating segment results on a one-month lag and accordingly , our fiscal 2018 results did not inc lude Pet segment operating results. Operating profit for these segments excludes unallocated corporate items, gain or loss on divestitures, and restructuring, impairment, 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 hyperinflationary economies, restructuring initiative project-related costs, and other items that a re not part of our measurement of segment operating performance. These include gains and losses arising from the revaluation of certain grain inventories and gains 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 profitability 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 assets and depreciation and amortization expenses are nei ther maintained nor available for all operating segment s . Our operating segment results were as follows: Quarter Ended Six-Month Period Ended In Millions Nov. 25, 2018 Nov. 26, 2017 Nov. 25, 2018 Nov. 26, 2017 Net sales: North America Retail $ 2,677.1 $ 2,771.8 $ 5,064.9 $ 5,210.0 Convenience Stores & Foodservice 514.4 512.2 977.6 959.3 Europe & Australia 453.8 466.7 954.5 958.6 Asia & Latin America 430.7 448.0 829.7 840.0 Pet 335.2 - 678.5 - Total $ 4,411.2 $ 4,198.7 $ 8,505.2 $ 7,967.9 Operating profit: North America Retail $ 619.8 $ 622.9 $ 1,167.9 $ 1,156.1 Convenience Stores & Foodservice 109.6 106.5 206.7 191.3 Europe & Australia 22.5 26.9 57.0 57.5 Asia & Latin America 17.9 16.7 30.1 32.2 Pet 70.8 - 85.3 - Total segment operating profit 840.6 773.0 1,547.0 1,437.1 Unallocated corporate items 84.2 62.4 190.5 116.0 Restructuring, impairment, and other exit costs 209.4 1.6 208.0 6.8 Operating profit $ 547.0 $ 709.0 $ 1,148.5 $ 1,314.3 Net sales for our North America Retail operating units were as follows: Quarter Ended Six-Month Period Ended In Millions Nov. 25, 2018 Nov. 26, 2017 Nov. 25, 2018 Nov. 26, 2017 U.S. Meals & Baking $ 1,174.6 $ 1,196.7 $ 2,012.1 $ 2,052.7 U.S. Cereal 543.9 570.1 1,128.3 1,148.7 U.S. Snacks 504.3 524.9 1,037.8 1,083.5 U.S. Yogurt and Other 228.1 237.6 447.2 461.0 Canada 226.2 242.5 439.5 464.1 Total $ 2,677.1 $ 2,771.8 $ 5,064.9 $ 5,210.0 Net sales by class of similar products were as follows : Quarter Ended Six-Month Period Ended In Millions Nov. 25, 2018 Nov. 26, 2017 Nov. 25, 2018 Nov. 26, 2017 Snacks $ 827.7 $ 833.7 $ 1,687.2 $ 1,695.4 Convenient meals 698.6 723.4 1,312.5 1,329.2 Cereal 655.5 684.4 1,332.2 1,360.4 Yogurt 560.3 595.2 1,097.4 1,147.7 Dough 532.6 526.5 866.7 863.0 Baking mixes and ingredients 486.6 501.4 853.9 881.0 Pet 335.2 - 678.5 - Super-premium ice cream 202.9 201.0 450.3 431.1 Vegetables 71.9 82.7 137.9 159.3 Other 39.9 50.4 88.6 100.8 Total $ 4,411.2 $ 4,198.7 $ 8,505.2 $ 7,967.9

NEW ACCOUNTING PRONOUNCEMENTS

NEW ACCOUNTING PRONOUNCEMENTS	6 Months Ended
	Nov. 25, 2018
New Accounting Pronouncements [Abstract]
New Accounting Pronouncements	( 17 ) New Accounting Pronouncements In the first quarter of fiscal 2019, we adopted new accounting requirements related to the presentation of net periodic defined benefit pension expense, net periodic postretirement benefit expense, and net periodic postemployment benefit expense (collectively “net periodic benefit expense”). The new standard requires the service cost component of net periodic benefit expense to be recorded in the same line items as other employee compensation costs within ou r Consolidated Statements of Earnings. Other components of net periodic benefit expense must be presented separately outside of operating profit in our Consolidated Statements of Earnings. In addition, the new standard requires that only the service cost c omponent of net periodic benefit expense is eligible for capitalization. The new standard requires retrospective adoption of the presentation of net periodic benefit expense and prospective application of the capitalization of the service cost component. F or the quarters ended November 25, 2018 , and November 26, 2017, the impact of the adoption of this standard on our results of operations was a decrease to our operating profit of $21.0 million and $20.8 million and a corresponding increase to benefit plan n on-service income of $21.0 million and $20.8 million, respectively. For the six-month periods ended November 25, 2018 , and November 26, 2017, the impact of the adoption of this standard on our results of operations was a decrease to our operating profit of $41.9 million and $41.3 million and a corresponding increase to benefit plan non-service income of $41.9 million and $ 41.3 million, respectively. There were no changes to our reported segment operating profit. In the first quarter of fiscal 2019, we adop ted new accounting requirements for the recognition of revenue from contracts with customers. Under the new standard, we apply a principles-based five step model to recognize revenue upon the transfer of control of promised goods to customers and in an amo unt that reflects the consideration for which we expect to be entitled to in exchange for those goods. The principles-based five step model includes: 1) identifying the contract(s) with a customer; 2) identifying the performance obligations in the contract ; 3) determining the transaction price; 4) allocating the transaction price to the performance obligations in the contract; and 5) recognizing revenue when (or as) we satisfy a performance obligation. Our revenues primarily result from contracts with cust omers, which are generally short-term and have a single performance obligation – the delivery of product. We recognize revenue for the sale of packaged foods at the point in time when our performance obligation has been satisfied and control of the product has transferred to our customer, which generally occurs when the shipment is accepted by our customer. Sales include shipping and handling charges billed to the customer and are reported net of variable consideration and consideration payable to our custo mers, including trade promotion, consumer coupon redemption and other costs, including estimated allowances for returns, unsalable product, and prompt pay discounts. Sales, use, value-added, and other excise taxes are not included in revenue. Trade promoti ons are recorded using significant judgment of estimated participation and performance levels for offered programs at the time of sale. Differences between estimated expenses and actual costs are recognized as a change in management estimate in a subsequen t period. We generally do not allow a right of return. However, on a limited case-by-case basis with prior approval, we may allow customers to return product. In limited circumstances, product returned in saleable condition is resold to other customers or outlets. Receivables from customers generally do not bear interest. Payment terms and collection patterns are short-term, and vary around the world and by channel, and as such, we do not have any significant financing components. Our allowance for doubtfu l accounts represents our estimate of probable non-payments and credit losses in our existing receivables, as determined based on a review of past due balances and other specific account data. Account balances are written off against the allowance when we deem the amount is uncollectible. See Note 16 for disaggregation of our revenue into categories that depict how the nature, amount, timing, and uncertainty of revenue and cash flows are affected by economic factors. We do not have material contract assets or liabilities arising from our contracts with customers. We utilized a comprehensive approach to evaluate and document the impact of the guidance on our current accounting policies and practices. We did not identify any material differences resulting fro m applying the new requirements to our revenue contracts. Additionally, we did not identify any significant changes to our business processes, systems, and controls to support recognition and disclosure requirements under the new guidance. We adopted the r equirements of the new standard and subsequent amendments to all contracts in the first quarter of fiscal 2019 using the cumulative effect approach. We recorded a $33.9 million cumulative effect adjustment net of income tax effects to the opening balance o f fiscal 2019 retained earnings, a decrease to deferred income taxes of $11.4 million, and an increase to other current liabilities of $45.3 million related to the timing of recognition of certain promotional expenditures.

Restructuring, Impairment, an_2

Restructuring, Impairment, and Other Exit Costs (Tables)	6 Months Ended
	Nov. 25, 2018
Restructuring, Impairment, and Other Exit Costs [Abstract]
Schedule of restructuring and impairment charges [Table Text Block]	Quarter Ended Six-Month Period Ended In Millions Nov. 25, 2018 Nov. 26, 2017 Nov. 25, 2018 Nov. 26, 2017 Asset impairments $ 205.8 $ - $ 205.8 $ - Charges associated with restructuring actions previously announced 3.6 2.2 2.4 19.7 Total $ 209.4 $ 2.2 $ 208.2 $ 19.7
Schedule of restructuring charges and project-related costs presentation [Table Text Block]	Quarter Ended Six-Month Period Ended In Millions Nov. 25, 2018 Nov. 26, 2017 Nov. 25, 2018 Nov. 26, 2017 Restructuring, impairment, and other exit costs $ 209.4 $ 1.6 $ 208.0 $ 6.8 Cost of sales - 0.6 0.2 12.9 Total restructuring and impairment charges 209.4 2.2 208.2 19.7 Project-related costs classified in cost of sales $ - $ 4.2 $ 1.2 $ 5.4
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 27, 2018 $ 66.0 $ 0.1 $ 0.7 $ 66.8 Fiscal 2019 charges, including foreign currency translation (6.4) 0.9 1.9 (3.6) Utilized in fiscal 2019 (20.9) (1.0) (2.3) (24.2) Reserve balance as of Nov. 25, 2018 $ 38.7 $ - $ 0.3 $ 39.0

Goodwill and Other Intangible_2

Goodwill and Other Intangible Assets (Tables)	6 Months Ended
	Nov. 25, 2018
Goodwill and Other Intangible Assets [Abstract]
Schedule of components of goodwill and other intangible assets [Table Text Block]	In Millions Nov. 25, 2018 May 27, 2018 Goodwill $ 14,018.3 $ 14,065.0 Other intangible assets: Intangible assets not subject to amortization: Brands and other indefinite-lived intangibles 6,604.2 6,818.7 Intangible assets subject to amortization: Franchise agreements, customer relationships, and other finite-lived intangibles 793.0 811.7 Less accumulated amortization (194.5) (185.3) Intangible assets subject to amortization, net 598.5 626.4 Other intangible assets 7,202.7 7,445.1 Total $ 21,221.0 $ 21,510.1
Schedule of changes in the carrying amount of goodwill [Table Text Block]	In Millions North America Retail Pet Convenience Stores & Foodservice Europe & Australia Asia & Latin America Joint Ventures Total Balance as of May 27, 2018 $ 6,410.6 $ 5,294.9 $ 918.8 $ 729.9 $ 285.0 $ 425.8 $ 14,065.0 Other activity, primarily foreign currency translation (2.3) - - (21.3) (11.7) (11.4) (46.7) Balance as of Nov. 25, 2018 $ 6,408.3 $ 5,294.9 $ 918.8 $ 708.6 $ 273.3 $ 414.4 $ 14,018.3
Schedule of changes in the carrying amount of other intangible assets [Table Text Block]	In Millions Total Balance as of May 27, 2018 $ 7,445.1 Impairment charges (192.6) Other activity, primarily foreign currency translation (49.8) Balance as of Nov. 25, 2018 $ 7,202.7
Schedule of Impaired Intangible Assets [Table Text Block]	In Millions Impairment Charge Fair Value as of Nov. 25, 2018 (a) Progresso $ 132.1 $ 330.0 Food Should Taste Good 45.1 - Mountain High 15.4 - Total $ 192.6 $ 330.0 (a) Level 3 assets in the fair value hierarchy.
Schedule of at-risk brand assets [Table Text Block]	In Millions Carrying Value of Intangible Asset Excess Fair Value as of Fiscal 2019 Test Date Latin America 209.0 7% Yoki $ 49.1 10%

Inventories (Tables)

Inventories (Tables)	6 Months Ended
	Nov. 25, 2018
Inventories [Abstract]
Schedule of components of inventories [Table Text Block]	In Millions Nov. 25, 2018 May 27, 2018 Raw materials and packaging $ 396.7 $ 400.0 Finished goods 1,349.2 1,364.2 Grain 112.5 91.2 Excess of FIFO over LIFO cost (219.2) (213.2) Total $ 1,639.2 $ 1,642.2

Risk Management Activities (Tab

Risk Management Activities (Tables)	6 Months Ended
	Nov. 25, 2018
Risk Management Activities [Abstract]
Schedule of unallocated corporate items [Table Text Block]	Quarter Ended Six-Month Period Ended In Millions Nov. 25, 2018 Nov. 26, 2017 Nov. 25, 2018 Nov. 26, 2017 Net loss on mark-to-market valuation of certain commodity positions $ (17.5) $ (0.6) $ (37.0) $ (8.4) Net loss (gain) on commodity positions reclassified from unallocated corporate items to segment operating profit 2.2 2.5 (1.5) 6.1 Net mark-to-market revaluation of certain grain inventories 3.5 2.6 (4.4) 8.6 Net mark-to-market valuation of certain commodity positions recognized in unallocated corporate items $ (11.8) $ 4.5 $ (42.9) $ 6.3

Debt (Tables)

Debt (Tables)	6 Months Ended
	Nov. 25, 2018
Debt [Abstract]
Schedule of components of notes payable [Table Text Block]	In Millions Nov. 25, 2018 May 27, 2018 U.S. commercial paper $ 867.6 $ 1,213.5 Financial institutions 188.7 336.3 Total $ 1,056.3 $ 1,549.8
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 November 25, 2018 : In Billions Facility Amount Borrowed Amount Credit facility expiring: May 2022 $ 2.7 $ - June 2019 0.2 - Total committed credit facilities 2.9 - Uncommitted credit facilities 0.6 0.2 Total committed and uncommitted credit facilities $ 3.5 $ 0.2
Schedule of Fixed Rate Note Issuance [Table Text Block]	In April 2018, we issued $4,800.0 million principal amount of fixed-rate notes. Interest on the notes is payable semi-annually in arrears. We may redeem the notes in whole, or in part, at any time at the applicable redemption price. The notes are senior unsecured obligations that include a change of control repurchase provision. The net proceeds were used to finance a portion of the Blue Buffalo acquisition . The principal amounts of these fixed-rate notes were as follows: In Millions Principal 4.2% notes due April 17, 2028 $ 1,400.0 3.7% notes due October 17, 2023 850.0 4.0% notes due April 17, 2025 800.0 4.7% notes due April 17, 2048 650.0 3.2% notes due April 16, 2021 600.0 4.55% notes due April 17, 2038 500.0 Total $ 4,800.0
Schedule of Floating Rate Note Issuance [Table Text Block]	In April 2018, we issued $1,250.0 million principal amount of floating-rate notes. Interest on the notes is payable quarterly in arrears. The notes are not generally redeemable prior to maturity. These notes are senior unsecured obligations that include a change of control repurchase provision. The net proceeds were used to finance a portion of the Blue Buffalo acquisition . The principal amounts of these floating-rate notes were as follows: In Millions Principal Floating-rate notes due April 16, 2021 $ 850.0 Floating-rate notes due October 17, 2023 400.0 Total $ 1,250.0

Stockholders' Equity (Tables)

Stockholders' Equity (Tables)	6 Months Ended
	Nov. 25, 2018
Stockholders' Equity [Abstract]
Schedule of total comprehensive income [Table Text Block]	Quarter Ended Quarter Ended Nov. 25, 2018 Nov. 26, 2017 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 $ 343.4 $ 5.1 $ 2.7 $ 430.5 $ 4.5 $ 8.8 Other comprehensive income (loss): Foreign currency translation $ 56.5 $ - 56.5 (8.3) (10.8) $ (43.3) $ - (43.3) 0.6 0.7 Other fair value changes: Securities - - - - - 0.9 (0.4) 0.5 - - Hedge derivatives 2.0 0.7 2.7 - (0.6) 3.5 (2.5) 1.0 - (1.1) Reclassification to earnings: Hedge derivatives (a) 0.5 (0.3) 0.2 - (0.1) 2.5 (1.0) 1.5 - (0.7) Amortization of losses and prior service costs (b) 26.8 (6.2) 20.6 - - 43.8 (15.9) 27.9 - - Other comprehensive income (loss) $ 85.8 $ (5.8) 80.0 (8.3) (11.5) $ 7.4 $ (19.8) (12.4) 0.6 (1.1) Total comprehensive income (loss) $ 423.4 $ (3.2) $ (8.8) $ 418.1 $ 5.1 $ 7.7 (a) Loss (gain) reclassified from AOCI into earnings is reported in interest, net for interest rate swaps and in cost of sales and SG&A expenses for foreign exchange contracts. (b) Loss reclassified from AOCI into earnings is reported in benefit plan non-service income. Please refer to Note 17. Six-Month Period Ended Six-Month Period Ended Nov. 25, 2018 Nov. 26, 2017 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 $ 735.7 $ 8.2 $ 3.2 $ 835.2 $ 6.0 $ 11.2 Other comprehensive income (loss): Foreign currency translation $ (40.3) $ - (40.3) (9.6) (18.9) $ (48.6) $ - (48.6) 22.1 46.0 Other fair value changes: Securities - - - - - 1.3 (0.5) 0.8 - - Hedge derivatives 9.2 (0.3) 8.9 - 0.3 (12.2) 2.7 (9.5) - 0.6 Reclassification to earnings: Securities (a) (2.6) 0.6 (2.0) - - - - - - - Hedge derivatives (b) 1.0 (0.3) 0.7 - - 3.3 (1.6) 1.7 - (1.1) Amortization of losses and prior service costs (c) 53.7 (11.2) 42.5 - - 87.6 (31.9) 55.7 - - Other comprehensive income (loss) $ 21.0 $ (11.2) 9.8 (9.6) (18.6) $ 31.4 $ (31.3) 0.1 22.1 45.5 Total comprehensive income (loss) $ 745.5 $ (1.4) $ (15.4) $ 835.3 $ 28.1 $ 56.7 (a) Gain reclassified from AOCI into earnings is reported in interest, net for securities. (b) Loss (gain) reclassified from AOCI into earnings is reported in interest, net for interest rate swaps and in cost of sales and SG&A expenses for foreign exchange contracts. (c) Loss reclassified from AOCI into earnings is reported in benefit plan non-service income. Please refer t o Note 17.
Schedule of accumulated other comprehensive income, net of tax effects [Table Text Block]	In Millions Nov. 25, 2018 May 27, 2018 Foreign currency translation adjustments $ (741.9) $ (701.6) Unrealized gain (loss) from: Securities - 2.0 Hedge derivatives (22.5) (32.1) Pension, other postretirement, and postemployment benefits: Net actuarial loss (1,679.9) (1,723.6) Prior service credits 25.1 26.3 Accumulated other comprehensive loss $ (2,419.2) $ (2,429.0)

Stock Plans (Tables)

Stock Plans (Tables)	6 Months Ended
	Nov. 25, 2018
Stock Plans [Abstract]
Schedule of compensation expense related to stock-based payments [Table Text Block]	Quarter Ended Six-Month Period Ended In Millions Nov. 25, 2018 Nov. 26, 2017 Nov. 25, 2018 Nov. 26, 2017 Compensation expense related to stock-based payments $ 18.4 $ 19.3 $ 44.6 $ 48.9
Schedule of net cash proceeds received from the exercise of stock options [Table Text Block]	Six-Month Period Ended In Millions Nov. 25, 2018 Nov. 26, 2017 Net cash proceeds $ 87.3 $ 50.6 Intrinsic value of options exercised $ 39.0 $ 46.0
Schedule of estimated fair value of stock options granted and the assumptions used for the Black-Scholes option-pricing model [Table Text Block]	Six-Month Period Ended Nov. 25, 2018 Nov. 26, 2017 Estimated fair values of stock options granted $5.35 $6.18 Assumptions: Risk-free interest rate 2.9 % 2.2 % Expected term 8.5 years 8.2 years Expected volatility 16.3 % 15.8 % Dividend yield 4.3 % 3.6 %
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 27, 2018 28,963.8 $ 42.90 Granted 3,107.4 46.06 Exercised (2,915.5) 31.46 Forfeited or expired (349.6) 53.78 Outstanding as of Nov. 25, 2018 28,806.1 $ 44.27 4.61 $ 123.7 Exercisable as of Nov. 25, 2018 19,171.6 $ 38.78 2.72 $ 123.7
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 27, 2018 3,731.8 $ 57.50 121.3 $ 58.26 Granted 1,677.8 45.83 33.7 46.12 Vested (717.0) 50.13 (34.8) 54.38 Forfeited (255.7) 62.98 (10.7) 57.69 Non-vested as of Nov. 25, 2018 4,436.9 $ 53.96 109.5 $ 55.46 The total grant date fair value of restricted stock unit awards that vested during the period follows: Six-Month Period Ended In Millions Nov. 25, 2018 Nov. 26, 2017 Total grant date fair value $ 37.9 $ 77.0

Earnings per Share (Tables)

Earnings per Share (Tables)	6 Months Ended
	Nov. 25, 2018
Earnings Per Share [Abstract]
Schedule of earnings per share [Table Text Block]	Quarter Ended Six-Month Period Ended In Millions, Except per Share Data Nov. 25, 2018 Nov. 26, 2017 Nov. 25, 2018 Nov. 26, 2017 Net earnings attributable to General Mills $ 343.4 $ 430.5 $ 735.7 $ 835.2 Average number of common shares - basic EPS 599.4 571.3 598.7 574.0 Incremental share effect from: (a) Stock options 3.3 7.0 3.4 7.6 Restricted stock, restricted stock units, and other 1.8 2.0 1.7 2.0 Average number of common shares - diluted EPS 604.5 580.3 603.8 583.6 Earnings per share - basic $ 0.57 $ 0.75 $ 1.23 $ 1.46 Earnings per share - diluted $ 0.57 $ 0.74 $ 1.22 $ 1.43 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 Six-Month Period Ended In Millions Nov. 25, 2018 Nov. 26, 2017 Nov. 25, 2018 Nov. 26, 2017 Anti-dilutive stock options, restricted stock units, and performance share units 14.4 9.2 14.0 7.5

Share Repurchases (Tables)

Share Repurchases (Tables)	6 Months Ended
	Nov. 25, 2018
Shares Repurchases [Abstract]
Share repurchases [Table Text Block]	Quarter Ended Six-Month Period Ended In Millions Nov. 25, 2018 Nov. 26, 2017 Nov. 25, 2018 Nov. 26, 2017 Shares of common stock - - - 10.9 Aggregate purchase price $0.1 $0.2 $0.3 $600.5

Statements of Cash Flows (Table

Statements of Cash Flows (Tables)	6 Months Ended
	Nov. 25, 2018
Statements of Cash Flows [Abstract]
Consolidated Statements of Cash Flows, Supplemental Disclosures [Table Text Block]	Six-Month Period Ended In Millions Nov. 25, 2018 Nov. 26, 2017 Net cash interest payments $ 252.0 $ 133.7 Net income tax payments $ 235.2 $ 333.0

Retirement and Postemployment_2

Retirement and Postemployment Benefits (Tables)	6 Months Ended
	Nov. 25, 2018
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 Nov. 25, 2018 Nov. 26, 2017 Nov. 25, 2018 Nov. 26, 2017 Nov. 25, 2018 Nov. 26, 2017 Service cost $ 23.7 $ 24.0 $ 2.7 $ 2.8 $ 1.9 $ 2.2 Interest cost 62.0 55.4 8.2 7.7 0.8 0.5 Expected return on plan assets (111.5) (119.3) (10.1) (13.1) - - Amortization of losses 27.5 44.1 0.1 0.2 - 0.2 Amortization of prior service costs (credits) 0.4 0.5 (1.4) (1.3) 0.2 0.1 Other adjustments - - - - 2.8 3.4 Net expense (income) $ 2.1 $ 4.7 $ (0.5) $ (3.7) $ 5.7 $ 6.4 Defined Benefit Pension Plans Other Postretirement Benefit Plans Postemployment Benefit Plans Six-Month Period Ended Six-Month Period Ended Six-Month Period Ended In Millions Nov. 25, 2018 Nov. 26, 2017 Nov. 25, 2018 Nov. 26, 2017 Nov. 25, 2018 Nov. 26, 2017 Service cost $ 47.4 $ 47.9 $ 5.1 $ 5.6 $ 3.8 $ 4.3 Interest cost 124.0 110.8 16.5 15.4 1.5 1.1 Expected return on plan assets (223.0) (238.4) (20.2) (26.1) - - Amortization of losses 55.0 88.2 0.3 0.4 0.1 0.4 Amortization of prior service costs (credits) 0.8 1.0 (2.8) (2.7) 0.3 0.3 Other adjustments - - - - 5.6 6.8 Net expense (income) $ 4.2 $ 9.5 $ (1.1) $ (7.4) $ 11.3 $ 12.9

Business Segment and Geograph_2

Business Segment and Geographic Information (Tables)	6 Months Ended
	Nov. 25, 2018
Business Segment and Geographic Information [Abstract]
Schedule of operating segment results [Table Text Block]	Quarter Ended Six-Month Period Ended In Millions Nov. 25, 2018 Nov. 26, 2017 Nov. 25, 2018 Nov. 26, 2017 Net sales: North America Retail $ 2,677.1 $ 2,771.8 $ 5,064.9 $ 5,210.0 Convenience Stores & Foodservice 514.4 512.2 977.6 959.3 Europe & Australia 453.8 466.7 954.5 958.6 Asia & Latin America 430.7 448.0 829.7 840.0 Pet 335.2 - 678.5 - Total $ 4,411.2 $ 4,198.7 $ 8,505.2 $ 7,967.9 Operating profit: North America Retail $ 619.8 $ 622.9 $ 1,167.9 $ 1,156.1 Convenience Stores & Foodservice 109.6 106.5 206.7 191.3 Europe & Australia 22.5 26.9 57.0 57.5 Asia & Latin America 17.9 16.7 30.1 32.2 Pet 70.8 - 85.3 - Total segment operating profit 840.6 773.0 1,547.0 1,437.1 Unallocated corporate items 84.2 62.4 190.5 116.0 Restructuring, impairment, and other exit costs 209.4 1.6 208.0 6.8 Operating profit $ 547.0 $ 709.0 $ 1,148.5 $ 1,314.3 Net sales for our North America Retail operating units were as follows: Quarter Ended Six-Month Period Ended In Millions Nov. 25, 2018 Nov. 26, 2017 Nov. 25, 2018 Nov. 26, 2017 U.S. Meals & Baking $ 1,174.6 $ 1,196.7 $ 2,012.1 $ 2,052.7 U.S. Cereal 543.9 570.1 1,128.3 1,148.7 U.S. Snacks 504.3 524.9 1,037.8 1,083.5 U.S. Yogurt and Other 228.1 237.6 447.2 461.0 Canada 226.2 242.5 439.5 464.1 Total $ 2,677.1 $ 2,771.8 $ 5,064.9 $ 5,210.0
Net sales by class of similar products [Table Text Block]	Quarter Ended Six-Month Period Ended In Millions Nov. 25, 2018 Nov. 26, 2017 Nov. 25, 2018 Nov. 26, 2017 Snacks $ 827.7 $ 833.7 $ 1,687.2 $ 1,695.4 Convenient meals 698.6 723.4 1,312.5 1,329.2 Cereal 655.5 684.4 1,332.2 1,360.4 Yogurt 560.3 595.2 1,097.4 1,147.7 Dough 532.6 526.5 866.7 863.0 Baking mixes and ingredients 486.6 501.4 853.9 881.0 Pet 335.2 - 678.5 - Super-premium ice cream 202.9 201.0 450.3 431.1 Vegetables 71.9 82.7 137.9 159.3 Other 39.9 50.4 88.6 100.8 Total $ 4,411.2 $ 4,198.7 $ 8,505.2 $ 7,967.9

Acquisition (Acquisition Narrat

Acquisition (Acquisition Narrative) (Details) - Business Acquisition, Blue Buffalo [Member] - USD ($) $ / shares in Units, $ in Millions	3 Months Ended		6 Months Ended
	Nov. 25, 2018	May 27, 2018	Nov. 25, 2018
Business Acquisition [Line Items]
Aggregate purchase price		$ 8,000
Consideration for net debt repaid		$ 103
Cash received per share		$ 40
Debt assumption		$ 6,000
Equity issuance		1,000
Goodwill, Acquired During Period		5,300
SG&A Expense [Member]
Business Acquisition [Line Items]
Acquisition integration costs	$ 6.8		$ 15.5
Customer Relationships [Member]
Business Acquisition [Line Items]
Finite Lived Intangible Assets Acquired		269
Blue Buffalo Brand [Member]
Business Acquisition [Line Items]
Indefinite Lived Intangible Assets Acquired		$ 2,700

Restructuring, Impairment, an_3

Restructuring, Impairment, and Other Exit Costs (Narrative) (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Nov. 25, 2018	Nov. 26, 2017	Nov. 25, 2018	Nov. 26, 2017
Restructuring and Related Cost [Line Items]
Impairment charges	$ 192.6		$ 192.6
Payments for other project-related costs			0.3	$ 5
Restructuring charges (recoveries), impairment, and other exit costs	209.4	$ 2.2	$ 208.2	19.7
North America Retail Segment [Member]
Restructuring and Related Cost [Line Items]
Manufacturing Asset Impairment Charges	13.2
Restructuring actions previously announced [Member]
Restructuring and Related Cost [Line Items]
Restructuring action completion date			May 31, 2020
Cash payments for restructuring			$ 29.2	27.1
Restructuring charges (recoveries), impairment, and other exit costs	$ 3.6	$ 2.2	$ 2.4	$ 19.7

Restructuring, Impairment, an_4

Restructuring, Impairment, and Other Exit Costs (Schedule of restructuring charges) (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Nov. 25, 2018	Nov. 26, 2017	Nov. 25, 2018	Nov. 26, 2017
Restructuring and Related Cost [Line Items]
Restructuring charges (recoveries), impairment, and other exit costs	$ 209.4	$ 2.2	$ 208.2	$ 19.7
Restructuring actions previously announced [Member]
Restructuring and Related Cost [Line Items]
Restructuring charges (recoveries), impairment, and other exit costs	3.6	2.2	2.4	19.7
Asset impairments [Member]
Restructuring and Related Cost [Line Items]
Restructuring charges (recoveries), impairment, and other exit costs	$ 205.8	$ 0	$ 205.8	$ 0

Restructuring, Impairment, an_5

Restructuring, Impairment, and Other Exit Costs (Schedule of restructuring charges classification) (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Nov. 25, 2018	Nov. 26, 2017	Nov. 25, 2018	Nov. 26, 2017
Restructuring and Related Cost [Line Items]
Restructuring charges (recoveries), impairment, and other exit costs	$ 209.4	$ 2.2	$ 208.2	$ 19.7
Project-related costs classified in cost of sales	0	4.2	1.2	5.4
Restructuring, Impairment, and Other Exit Costs [Member]
Restructuring and Related Cost [Line Items]
Restructuring charges (recoveries), impairment, and other exit costs	209.4	1.6	208	6.8
Cost of Sales [Member]
Restructuring and Related Cost [Line Items]
Restructuring charges (recoveries), impairment, and other exit costs	$ 0	$ 0.6	$ 0.2	$ 12.9

Restructuring, Impairment, an_6

Restructuring, Impairment, and Other Exit Costs (Schedule of restructuring and other exit cost reserves) (Details) $ in Millions	6 Months Ended
	Nov. 25, 2018USD ($)
Restructuring Reserve [Roll Forward]
Restructuring Reserve, Beginning Balance	$ 66.8
Restructuring charges paid out of reserve, including foreign currency translation	(3.6)
Restructuring reserve utilized	(24.2)
Restructuring Reserve, Ending Balance	39
Severance [Member]
Restructuring Reserve [Roll Forward]
Restructuring Reserve, Beginning Balance	66
Restructuring charges paid out of reserve, including foreign currency translation	(6.4)
Restructuring reserve utilized	(20.9)
Restructuring Reserve, Ending Balance	38.7
Contract Termination [Member]
Restructuring Reserve [Roll Forward]
Restructuring Reserve, Beginning Balance	0.1
Restructuring charges paid out of reserve, including foreign currency translation	0.9
Restructuring reserve utilized	(1)
Restructuring Reserve, Ending Balance	0
Other Exit Costs [Member]
Restructuring Reserve [Roll Forward]
Restructuring Reserve, Beginning Balance	0.7
Restructuring charges paid out of reserve, including foreign currency translation	1.9
Restructuring reserve utilized	(2.3)
Restructuring Reserve, Ending Balance	$ 0.3

Goodwill and Other Intangible_3

Goodwill and Other Intangible Assets (Narrative) (Details) - USD ($) $ in Millions	3 Months Ended
	May 27, 2018	Nov. 25, 2018
Goodwill and Other Intangible Assets [Abstract]
Future Amortization Expense, Year One		$ 40
Future Amortization Expense, Year Two		40
Future Amortization Expense, Year Three		40
Future Amortization Expense, Year Four		40
Future Amortization Expense, Year Five		$ 40
Business Acquisition, Blue Buffalo [Member]
Business Acquisition [Line Items]
Goodwill, Acquired During Period	$ 5,300
Business Acquisition, Blue Buffalo [Member] | Customer Relationships [Member]
Business Acquisition [Line Items]
Finite Lived Intangible Assets Acquired	269
Business Acquisition, Blue Buffalo [Member] | Brands [Member]
Business Acquisition [Line Items]
Indefinite Lived Intangible Assets Acquired	2,700
Business Acquisition, Blue Buffalo [Member] | Pet Segment [Member]
Business Acquisition [Line Items]
Goodwill, Acquired During Period	5,300
Business Acquisition, Blue Buffalo [Member] | Pet Segment [Member] | Customer Relationships [Member]
Business Acquisition [Line Items]
Finite Lived Intangible Assets Acquired	269
Business Acquisition, Blue Buffalo [Member] | Pet Segment [Member] | Brands [Member]
Business Acquisition [Line Items]
Indefinite Lived Intangible Assets Acquired	$ 2,700

Goodwill and Other Intangible_4

Goodwill and Other Intangible Assets (Schedule of components of goodwill and other intangible assets) (Details) - USD ($) $ in Millions	Nov. 25, 2018	May 27, 2018
Goodwill and Other Intangible Assets [Abstract]
Goodwill	$ 14,018.3	$ 14,065
Intangible assets not subject to amortization:
Brands and other indefinite-lived intangibles	6,604.2	6,818.7
Intangible assets subject to amortization:
Franchise agreements, customer relationships, and other finite-lived intangibles	793	811.7
Less accumulated amortization	(194.5)	(185.3)
Intangible assets subject to amortization, net	598.5	626.4
Other intangible assets	7,202.7	7,445.1
Total	$ 21,221	$ 21,510.1

Goodwill and Other Intangible_5

Goodwill and Other Intangible Assets (Schedule of changes in the carrying amount of goodwill) (Details) $ in Millions	6 Months Ended
	Nov. 25, 2018USD ($)
Goodwill [Line Items]
Beginning balance	$ 14,065
Other activity, primarily foreign currency translation	(46.7)
Ending balance	14,018.3
North America Retail [Member]
Goodwill [Line Items]
Beginning balance	6,410.6
Other activity, primarily foreign currency translation	(2.3)
Ending balance	6,408.3
Pet [Member]
Goodwill [Line Items]
Beginning balance	5,294.9
Other activity, primarily foreign currency translation	0
Ending balance	5,294.9
Convenience Stores & Foodservice [Member]
Goodwill [Line Items]
Beginning balance	918.8
Other activity, primarily foreign currency translation	0
Ending balance	918.8
Europe & Australia [Member]
Goodwill [Line Items]
Beginning balance	729.9
Other activity, primarily foreign currency translation	(21.3)
Ending balance	708.6
Asia & Latin America [Member]
Goodwill [Line Items]
Beginning balance	285
Other activity, primarily foreign currency translation	(11.7)
Ending balance	273.3
Joint Ventures [Member]
Goodwill [Line Items]
Beginning balance	425.8
Other activity, primarily foreign currency translation	(11.4)
Ending balance	$ 414.4

Goodwill and Other Intangible_6

Goodwill and Other Intangible Assets (Schedule of changes in the carrying amount of other intangible assets) (Details) - USD ($) $ in Millions	3 Months Ended	6 Months Ended
	Nov. 25, 2018	Nov. 25, 2018
Indefinite-lived Intangible Assets [Line Items]
Beginning balance		$ 7,445.1
Impairment charges	$ (192.6)	(192.6)
Other activity, primarily foreign currency translation		(49.8)
Ending balance	$ 7,202.7	$ 7,202.7

Goodwill and Other Intangible_7

Goodwill and Other Intangible Assets (Schedule of at-risk brand intangible assets) (Details) - USD ($) $ in Millions		3 Months Ended	6 Months Ended
		Nov. 25, 2018	Nov. 25, 2018	May 27, 2018
Indefinite-lived Intangible Assets [Line Items]
Impairment charges		$ 192.6	$ 192.6
Carrying Value of Intangible Asset		7,202.7	7,202.7	$ 7,445.1
Fair value of impaired indefinite-lived intangible assets	[1]	330	330
Latin America [Member]
Indefinite-lived Intangible Assets [Line Items]
Carrying Value of Intangible Asset		209	$ 209
Excess Fair Value as of Test Date, Percentage			7.00%
Progresso [Member]
Indefinite-lived Intangible Assets [Line Items]
Impairment charges			$ 132.1
Fair value of impaired indefinite-lived intangible assets	[1]	330	330
Food Should Taste Good [Member]
Indefinite-lived Intangible Assets [Line Items]
Impairment charges			45.1
Mountain High [Member]
Indefinite-lived Intangible Assets [Line Items]
Impairment charges			15.4
Yoki [Member]
Indefinite-lived Intangible Assets [Line Items]
Carrying Value of Intangible Asset		$ 49.1	$ 49.1
Excess Fair Value as of Test Date, Percentage			10.00%
[1]	(a) Level 3 assets in the fair value hierarchy.

Inventories (Details)

Inventories (Details) - USD ($) $ in Millions	Nov. 25, 2018	May 27, 2018
Inventories [Abstract]
Raw materials and packaging	$ 396.7	$ 400
Finished goods	1,349.2	1,364.2
Grain	112.5	91.2
Excess of FIFO over LIFO cost	(219.2)	(213.2)
Total	$ 1,639.2	$ 1,642.2

Risk Management Activities (Nar

Risk Management Activities (Narrative) (Details) $ in Millions	6 Months Ended
	Nov. 25, 2018USD ($)
Credit Risk [Abstract]
Accounts Payable to Suppliers that Utilize Third Party Service	$ 1,033.1
Commodity Contracts [Member]
Derivative [Line Items]
Derivative, Notional Amount	$ 172.1
Derivative Contracts Inputs, Average Period of Utilization	12 months
Energy Related Derivative [Member]
Derivative [Line Items]
Derivative, Notional Amount	$ 73.6
Agricultural Related Derivative [Member]
Derivative [Line Items]
Derivative, Notional Amount	$ 98.5

Risk Management Activities (Sch

Risk Management Activities (Schedule of unallocated corporate items) (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Nov. 25, 2018	Nov. 26, 2017	Nov. 25, 2018	Nov. 26, 2017
Commodity Price Risk [Abstract]
Net gain (loss) on mark-to-market valuation of certain commodity positions	$ (17.5)	$ (0.6)	$ (37)	$ (8.4)
Net loss (gain) on commodity positions reclassified from unallocated corporate items to segment operating profit	2.2	2.5	(1.5)	6.1
Net mark-to-market revaluation of certain grain inventories	3.5	2.6	(4.4)	8.6
Net mark-to-market valuation of certain commodity positions recognized in unallocated corporate items	$ (11.8)	$ 4.5	$ (42.9)	$ 6.3

Debt (Narrative) (Details)

Debt (Narrative) (Details) - USD ($) $ in Millions	1 Months Ended		3 Months Ended	6 Months Ended
	Apr. 30, 2018	Oct. 31, 2017	Feb. 25, 2018	Nov. 25, 2018	Nov. 26, 2017
Debt Instrument [Line Items]
Long-term debt, carrying value				$ 14,199.2
Repayment of long-term debt				0.4	$ 500.1
Issuance of long-term debt				$ 0	$ 500
Total fixed-rate notes issued April 2018 [Member]
Debt Instrument [Line Items]
Issuance of long-term debt	$ 4,800
4.2% notes due April 17, 2028 [Member]
Debt Instrument [Line Items]
Fixed interest rate percentage				4.20%
Maturity date	Apr. 17, 2028
Issuance of long-term debt	$ 1,400
3.7% notes due October 17, 2023 [Member]
Debt Instrument [Line Items]
Fixed interest rate percentage				3.70%
Maturity date	Oct. 17, 2023
Issuance of long-term debt	$ 850
4.0% notes due April 17, 2025 [Member]
Debt Instrument [Line Items]
Fixed interest rate percentage				4.00%
Maturity date	Apr. 17, 2025
Issuance of long-term debt	$ 800
4.7% notes due April 17, 2048 [Member]
Debt Instrument [Line Items]
Fixed interest rate percentage				4.70%
Maturity date	Apr. 17, 2048
Issuance of long-term debt	$ 650
3.2% notes due April 16, 2021 [Member]
Debt Instrument [Line Items]
Fixed interest rate percentage				3.20%
Maturity date	Apr. 16, 2021
Issuance of long-term debt	$ 600
4.55% notes due April 17, 2038 [Member]
Debt Instrument [Line Items]
Fixed interest rate percentage				4.55%
Maturity date	Apr. 17, 2038
Issuance of long-term debt	$ 500
Total floating-rate notes issued April 2018 [Member]
Debt Instrument [Line Items]
Issuance of long-term debt	$ 1,250
Floating-rate notes due April 16, 2021 [Member]
Debt Instrument [Line Items]
Maturity date	Apr. 16, 2021
Issuance of long-term debt	$ 850
Floating-rate notes due October 17, 2023 [Member]
Debt Instrument [Line Items]
Maturity date	Oct. 17, 2023
Issuance of long-term debt	$ 400
Medium Term Notes [Member]
Debt Instrument [Line Items]
Repayment of long-term debt			$ 113.8
Face amount of debt repurchased			$ 100
Fixed interest rate percentage			6.39%
Maturity date			May 28, 2023
Premium payment recorded as interest expense			$ 13.8
2.6% Notes Due October 2022 [Member]
Debt Instrument [Line Items]
Fixed interest rate percentage		2.60%
Maturity date		Oct. 12, 2022
Issuance of long-term debt		$ 500
1.4% Notes Due October 2017 [Member]
Debt Instrument [Line Items]
Repayment of long-term debt		$ 500
Fixed interest rate percentage		1.40%
Long-term Debt Agreements Containing Restrictive Covenants [Member]
Debt Instrument [Line Items]
Covenant compliancee				As of quarter end, we were in compliance with all of these covenants.
Fair Value Inputs Level 2 [Member]
Debt Instrument [Line Items]
Long-term debt, fair value				$ 13,874

Debt (Schedule of short-term de

Debt (Schedule of short-term debt) (Details) - USD ($) $ in Millions	Nov. 25, 2018	May 27, 2018
Short-term Debt [Line Items]
Notes payable	$ 1,056.3	$ 1,549.8
Commercial Paper [Member]
Short-term Debt [Line Items]
Notes payable	867.6	1,213.5
Financial Institutions [Member]
Short-term Debt [Line Items]
Notes payable	$ 188.7	$ 336.3

Debt (Schedule of credit facili

Debt (Schedule of credit facilities) (Details) $ in Billions	6 Months Ended
	Nov. 25, 2018USD ($)
Line Of Credit Facility [Line Items]
Facility Amount	$ 3.5
Borrowed Amount	0.2
Committed Credit Facilities [Member]
Line Of Credit Facility [Line Items]
Facility Amount	2.9
Borrowed Amount	$ 0
Minimum fixed charge coverage ratio	2.5
Compliance with credit facility covenants	As of quarter end, we were in compliance with all of these covenants.
Line of Credit Expiring May 2022 [Member]
Line Of Credit Facility [Line Items]
Facility Amount	$ 2.7
Borrowed Amount	$ 0
Expiration date of credit facility	May 31, 2022
Line of Credit Expiring June 2019 [Member]
Line Of Credit Facility [Line Items]
Facility Amount	$ 0.2
Borrowed Amount	$ 0
Expiration date of credit facility	Jun. 30, 2019
Uncommitted Credit Facilities [Member]
Line Of Credit Facility [Line Items]
Facility Amount	$ 0.6
Borrowed Amount	$ 0.2

Redeemable and Noncontrolling_2

Redeemable and Noncontrolling Interests (Details) - USD ($) $ in Millions	3 Months Ended	6 Months Ended
	Nov. 25, 2018	Nov. 25, 2018	Nov. 26, 2017	May 27, 2018	May 28, 2017	Jul. 01, 2011
Noncontrolling Interest [Line Items]
Redeemable interest value	$ 547.6	$ 547.6		$ 776.2
Noncontrolling interests	327.6	$ 327.6		351.3
Noncontrolling interests covenant compliancee		Our noncontrolling interests contain restrictive covenants. As of quarter end, 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	$ 251.5
Preferred return rate adjustment period		3 years
Preferred distributions variable rate		three-month LIBOR
Preferred distributions, basis spread on variable rate		1.425%
General Mills [Member] | Yoplait SAS [Member]
Noncontrolling Interest [Line Items]
Ownership interest percentage in consolidated subsidiary	51.00%	51.00%
General Mills [Member] | Yoplait Marques SNC [Member]
Noncontrolling Interest [Line Items]
Ownership interest percentage in consolidated subsidiary	50.00%	50.00%
General Mills [Member] | Liberte Marques Sarl [Member]
Noncontrolling Interest [Line Items]
Ownership interest percentage in consolidated subsidiary	50.00%	50.00%
Sodiaal International Redeemable Interest [Member]
Noncontrolling Interest [Line Items]
Redeemable interest value	$ 547.6	$ 547.6		$ 776.2	$ 910.9
Increase in investment in redeemable interest		55.7
Sodiaal International Redeemable Interest [Member] | Yoplait SAS [Member]
Noncontrolling Interest [Line Items]
Redeemable interest value	$ 547.6	$ 547.6				$ 904.4
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.
Redeemable interest percentage	49.00%	49.00%
Increase in investment in redeemable interest	$ 55.7
Sodiaal International Redeemable Interest [Member] | Yoplait SAS Subsidiary [Member]
Noncontrolling Interest [Line Items]
Net purchases from related party		$ 107.8	$ 112.3
Sodiaal International Noncontrolling Interest [Member] | Yoplait Marques SNC and Liberte Marques Sarl [Member]
Noncontrolling Interest [Line Items]
Noncontrolling interests						$ 281.4
Sodiaal International Noncontrolling Interest [Member] | Yoplait Marques SNC [Member]
Noncontrolling Interest [Line Items]
Ownership interest percentage held by noncontrolling owners	50.00%	50.00%
Sodiaal International Noncontrolling Interest [Member] | Liberte Marques Sarl [Member]
Noncontrolling Interest [Line Items]
Ownership interest percentage held by noncontrolling owners	50.00%	50.00%

Stockholders' Equity (Schedule

Stockholders' Equity (Schedule of total comprehensive income (loss)) (Details) - USD ($) $ in Millions	3 Months Ended				6 Months Ended				12 Months Ended
	Nov. 25, 2018		Nov. 26, 2017		Nov. 25, 2018		Nov. 26, 2017		May 27, 2018
Net earnings attributable to General Mills	$ 343.4		$ 430.5		$ 735.7		$ 835.2
Net earnings attributable to redeemable and noncontrolling interests	7.8		13.3		11.4		17.2
Other Comprehensive Income (Loss), Net of Tax:
Foreign currency translation	37.4		(42)		(68.8)		19.5
Other fair value changes:
Securities	0		0.5		0		0.8
Hedge derivatives	2.1		(0.1)		9.2		(8.9)
Reclassification to earnings:
Securities	0		0		(2)		0
Hedge derivatives	0.1		0.8		0.7		0.6
Amortization of losses and prior service costs	20.6		27.9		42.5		55.7
Other comprehensive income (loss), net of tax	60.2		(12.9)		(18.4)		67.7
Total comprehensive income (loss) attributable to General Mills	423.4		418.1		745.5		835.3
General Mills [Member]
Net earnings attributable to General Mills	343.4		430.5		735.7		835.2
Other Comprehensive Income (Loss), Pretax:
Foreign currency translation	56.5		(43.3)		(40.3)		(48.6)
Other fair value changes:
Securities	0		0.9		0		1.3
Hedge derivatives	2		3.5		9.2		(12.2)
Reclassification to earnings:
Securities	0		0		(2.6)	[1]	0	[1]
Hedge derivatives	0.5	[2]	2.5	[2]	1	[3]	3.3	[3]
Amortization of losses and prior service costs	26.8	[4]	43.8	[4]	53.7	[5]	87.6	[5]
Other comprehensive income (loss), before tax	85.8		7.4		21		31.4
Other Comprehensive Income (Loss), Tax:
Foreign currency translation	0		0		0		0
Other fair value changes:
Securities	0		(0.4)		0		(0.5)
Hedge derivatives	0.7		(2.5)		(0.3)		2.7
Reclassification to earnings:
Securities	0		0		0.6	[1]	0	[1]
Hedge derivatives	(0.3)	[2]	(1)	[2]	(0.3)	[3]	(1.6)	[3]
Amortization of losses and prior service costs	(6.2)	[4]	(15.9)	[4]	(11.2)	[5]	(31.9)	[5]
Other comprehensive income (loss), tax	(5.8)		(19.8)		(11.2)		(31.3)
Other Comprehensive Income (Loss), Net of Tax:
Foreign currency translation	56.5		(43.3)		(40.3)		(48.6)
Other fair value changes:
Securities	0		0.5		0		0.8
Hedge derivatives	2.7		1		8.9		(9.5)
Reclassification to earnings:
Securities	0		0		(2)	[1]	0	[1]
Hedge derivatives	0.2	[2]	1.5	[2]	0.7	[3]	1.7	[3]
Amortization of losses and prior service costs	20.6	[4]	27.9	[4]	42.5	[5]	55.7	[5]
Other comprehensive income (loss), net of tax	80		(12.4)		9.8		0.1
Total comprehensive income (loss) attributable to General Mills	423.4		418.1		745.5		835.3
Noncontrolling Interests [Member]
Net earnings attributable to redeemable and noncontrolling interests	5.1		4.5		8.2		6
Other Comprehensive Income (Loss), Net of Tax:
Foreign currency translation	(8.3)		0.6		(9.6)		22.1
Other fair value changes:
Securities	0		0		0		0
Hedge derivatives	0		0		0		0
Reclassification to earnings:
Securities	0		0		0	[1]	0	[1]
Hedge derivatives	0	[2]	0	[2]	0	[3]	0	[3]
Amortization of losses and prior service costs	0	[4]	0	[4]	0	[5]	0	[5]
Other comprehensive income (loss), net of tax	(8.3)		0.6		(9.6)		22.1
Total comprehensive income (loss) attributable to noncontrolling interests	(3.2)		5.1		(1.4)		28.1
Redeemable Interests [Member]
Net earnings attributable to redeemable and noncontrolling interests	2.7		8.8		3.2		11.2
Other Comprehensive Income (Loss), Net of Tax:
Foreign currency translation	(10.8)		0.7		(18.9)		46
Other fair value changes:
Securities	0		0		0		0
Hedge derivatives	(0.6)		(1.1)		0.3		0.6
Reclassification to earnings:
Securities	0		0		0	[1]	0	[1]
Hedge derivatives	(0.1)	[2]	(0.7)	[2]	0	[3]	(1.1)	[3]
Amortization of losses and prior service costs	0	[4]	0	[4]	0	[5]	0	[5]
Other comprehensive income (loss), net of tax	(11.5)		(1.1)		(18.6)		45.5
Total comprehensive income (loss) attributable to redeemable interests	$ (8.8)		$ 7.7		$ (15.4)		$ 56.7		$ 43.6
[1]	Gain reclassified from AOCI into earnings is reported in interest, net for securities.
[2]	Loss (gain) reclassified from AOCI into earnings is reported in interest, net for interest rate swaps and in cost of sales and SG&A expenses for foreign exchange contracts.
[3]	Loss (gain) reclassified from AOCI into earnings is reported in interest, net for interest rate swaps and in cost of sales and SG&A expenses for foreign exchange contracts.
[4]	Loss reclassified from AOCI into earnings is reported in benefit plan non-service income. Please refer to Note 17.
[5]	Loss reclassified from AOCI into earnings is reported in benefit plan non-service income. Please refer t o Note 17.

Stockholders' Equity (Schedul_2

Stockholders' Equity (Schedule of accumulated other income income (loss)) (Details) - USD ($) $ in Millions	Nov. 25, 2018	May 27, 2018
Accumulated Other Comprehensive Loss, Net of Tax Effects [Abstract]
Foreign currency translation adjustments	$ (741.9)	$ (701.6)
Unrealized gain (loss) from:
Securities	0	2
Hedge derivatives	(22.5)	(32.1)
Pension, other postretirement, and postemployment benefits:
Net actuarial loss	(1,679.9)	(1,723.6)
Prior service credits	25.1	26.3
Accumulated other comprehensive loss	$ (2,419.2)	$ (2,429)

Stock Plans (Narrative) (Detail

Stock Plans (Narrative) (Details) - USD ($)	3 Months Ended		6 Months Ended
	Nov. 25, 2018	Nov. 26, 2017	Nov. 25, 2018	Nov. 26, 2017
Share-based Compensation Allocation and Classification in Financial Statements [Abstract]
Recognized tax windfall benefits related to the exercise of stock-based awards	$ 1,900,000	$ 2,500,000	$ 6,700,000	$ 20,200,000
Unrecognized compensation expense related to non-vested stock options, restricted stock, and performance share units	$ 133,700,000		$ 133,700,000
Unrecognized compensation expense on non-vested awards weighted average period of recognition			26 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 27, 2018.

Stock Plans (Schedule of compen

Stock Plans (Schedule of compensation expense related to stock-based payments) (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Nov. 25, 2018	Nov. 26, 2017	Nov. 25, 2018	Nov. 26, 2017
Stock Plans [Abstract]
Compensation expense related to stock-based payments	$ 18.4	$ 19.3	$ 44.6	$ 48.9

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	6 Months Ended
	Nov. 25, 2018	Nov. 26, 2017
Stock Plans [Abstract]
Net cash proceeds	$ 87.3	$ 50.6
Intrinsic value of options exercised	$ 39	$ 46

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	6 Months Ended
	Nov. 25, 2018	Nov. 26, 2017
Stock Plans [Abstract]
Estimated fair values of stock options granted	$ 5.35	$ 6.18
Assumptions:
Risk-free interest rate	2.90%	2.20%
Expected term	8 years 6 months	8 years 2 months 12 days
Expected volatility	16.30%	15.80%
Dividend yield	4.30%	3.60%

Stock Plans (Schedule of inform

Stock Plans (Schedule of information on stock option activity) (Details) $ / shares in Units, $ in Millions	6 Months Ended
	Nov. 25, 2018USD ($)$ / sharesshares
Options Outstanding [Abstract]
Beginning Balance, Outstanding | shares	28,963,800
Granted | shares	3,107,400
Exercised | shares	(2,915,500)
Forfeited or expired | shares	(349,600)
Ending Balance, Outstanding | shares	28,806,100
Ending Balance, Exercisable | shares	19,171,600
Weighted Average Exercise Price Per Share [Abstract]
Beginning Balance, Outstanding | $ / shares	$ 42.9
Granted | $ / shares	46.06
Exercised | $ / shares	31.46
Forfeited or expired | $ / shares	53.78
Ending Balance, Outstanding | $ / shares	44.27
Ending Balance, Exercisable | $ / shares	$ 38.78
Weighted Average Remaining Contractual Term [Abstract]
Ending Balance, Outstanding	4 years 7 months 10 days
Ending Balance, Exercisable	2 years 8 months 19 days
Aggregate Intrinsic Value [Abstract]
Ending Balance, Outstanding | $	$ 123.7
Ending Balance, Exercisable | $	$ 123.7

Stock Plans (Schedule of info_2

Stock Plans (Schedule of information on restricted stock and performance award unit activity) (Details) - USD ($) $ / shares in Units, $ in Millions	6 Months Ended
	Nov. 25, 2018	Nov. 26, 2017
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other Than Options, Additional Disclosures [Abstract]
Total grant-date fair value	$ 37.9	$ 77
Equity Classified Share-Settled [Member]
Settled Units [Abstract]
Beginning Balance (Non-vested)	3,731,800
Granted	1,677,800
Vested	(717,000)
Forfeited	(255,700)
Ending Balance (Non-vested)	4,436,900
Weighted Average Grant Date Fair Value [Abstract]
Beginning Balance (Non-vested)	$ 57.5
Granted	45.83
Vested	50.13
Forfeited	62.98
Ending Balance (Non-vested)	$ 53.96
Liability Classified Share-Settled [Member]
Settled Units [Abstract]
Beginning Balance (Non-vested)	121,300
Granted	33,700
Vested	(34,800)
Forfeited	(10,700)
Ending Balance (Non-vested)	109,500
Weighted Average Grant Date Fair Value [Abstract]
Beginning Balance (Non-vested)	$ 58.26
Granted	46.12
Vested	54.38
Forfeited	57.69
Ending Balance (Non-vested)	$ 55.46

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				6 Months Ended
	Nov. 25, 2018		Nov. 26, 2017		Nov. 25, 2018	Nov. 26, 2017
Earnings Per Share [Abstract]
Net earnings attributable to General Mills	$ 343.4		$ 430.5		$ 735.7	$ 835.2
Average number of common shares - basic EPS	599.4		571.3		598.7	574
Earnings Per Share, Basic and Diluted [Abstract]
Average number of common shares - diluted EPS	604.5		580.3		603.8	583.6
Earnings per share - basic	$ 0.57		$ 0.75		$ 1.23	$ 1.46
Earnings per share - diluted	$ 0.57		$ 0.74		$ 1.22	$ 1.43
Other Disclosures [Abstract]
Anti-dilutive stock options, restricted stock units and performance share units	14.4		9.2		14	7.5
Stock Options [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Incremental share effect	3.3	[1]	7	[1]	3.4	7.6
Restricted Stock, Restricted Stock Units, and Other [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Incremental share effect	1.8	[1]	2	[1]	1.7	2
[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		6 Months Ended		12 Months Ended
	Nov. 25, 2018	Nov. 26, 2017	Nov. 25, 2018	Nov. 26, 2017	May 27, 2018
Shares Repurchases [Abstract]
Shares of common stock purchased, shares	0	0	0	10.9
Shares purchased, aggregate purchase price	$ 0.1	$ 0.2	$ 0.3	$ 600.5	$ 601.6

Statements of Cash Flows (Detai

Statements of Cash Flows (Details) - USD ($) $ in Millions	6 Months Ended
	Nov. 25, 2018	Nov. 26, 2017
Statements of Cash Flows [Abstract]
Net cash interest payments	$ 252	$ 133.7
Net income tax payments	$ 235.2	$ 333

Retirement and Postemployment_3

Retirement and Postemployment Benefits (Schedule of components of net pension, other postretirement, and postemployment (income) expense) (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Nov. 25, 2018	Nov. 26, 2017	Nov. 25, 2018	Nov. 26, 2017
Defined Benefit Pension Plans [Member]
Defined Benefit Plan Disclosure [Line Items]
Service cost	$ 23.7	$ 24	$ 47.4	$ 47.9
Interest cost	62	55.4	124	110.8
Expected return on plan assets	(111.5)	(119.3)	(223)	(238.4)
Amortization of losses	27.5	44.1	55	88.2
Amortization of prior service costs (credits)	0.4	0.5	0.8	1
Other adjustments	0	0	0	0
Net expense (income)	2.1	4.7	4.2	9.5
Other Postretirement Benefit Plans [Member]
Defined Benefit Plan Disclosure [Line Items]
Service cost	2.7	2.8	5.1	5.6
Interest cost	8.2	7.7	16.5	15.4
Expected return on plan assets	(10.1)	(13.1)	(20.2)	(26.1)
Amortization of losses	0.1	0.2	0.3	0.4
Amortization of prior service costs (credits)	(1.4)	(1.3)	(2.8)	(2.7)
Other adjustments	0	0	0	0
Net expense (income)	(0.5)	(3.7)	(1.1)	(7.4)
Postemployment Benefit Plans [Member]
Defined Benefit Plan Disclosure [Line Items]
Service cost	1.9	2.2	3.8	4.3
Interest cost	0.8	0.5	1.5	1.1
Expected return on plan assets	0	0	0	0
Amortization of losses	0	0.2	0.1	0.4
Amortization of prior service costs (credits)	0.2	0.1	0.3	0.3
Other adjustments	2.8	3.4	5.6	6.8
Net expense (income)	$ 5.7	$ 6.4	$ 11.3	$ 12.9

Income Taxes (Narrative) (Detai

Income Taxes (Narrative) (Details) - USD ($) $ in Millions	12 Months Ended
	May 26, 2019	May 27, 2018
Income Taxes [Abstract]
Tax Cuts and Jobs Act of 2017, net discrete benefit		$ 523.5
Forecast [Member]
Federal income tax rate	21.00%

Business Segment and Geograph_3

Business Segment and Geographic Information (Schedule of operating segment results) (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Nov. 25, 2018	Nov. 26, 2017	Nov. 25, 2018	Nov. 26, 2017
Segment Reporting Information [Line Items]
Net sales	$ 4,411.2	$ 4,198.7	$ 8,505.2	$ 7,967.9
Operating profit	547	709	1,148.5	1,314.3
Restructuring, impairment, and other exit costs (recoveries)	209.4	1.6	208	6.8
Operating Segments [Member]
Segment Reporting Information [Line Items]
Net sales	4,411.2	4,198.7	8,505.2	7,967.9
Operating profit	840.6	773	1,547	1,437.1
Unallocated Corporate Items [Member]
Segment Reporting Information [Line Items]
Operating profit	84.2	62.4	190.5	116
Significant Reconciling Items [Member]
Segment Reporting Information [Line Items]
Restructuring, impairment, and other exit costs (recoveries)	209.4	1.6	208	6.8
North America Retail [Member] | Operating Segments [Member]
Segment Reporting Information [Line Items]
Net sales	2,677.1	2,771.8	5,064.9	5,210
Operating profit	619.8	622.9	1,167.9	1,156.1
U.S. Meals & Baking [Member] | Operating Segments [Member]
Segment Reporting Information [Line Items]
Net sales	1,174.6	1,196.7	2,012.1	2,052.7
U.S. Cereal [Member] | Operating Segments [Member]
Segment Reporting Information [Line Items]
Net sales	543.9	570.1	1,128.3	1,148.7
U.S. Snacks [Member] | Operating Segments [Member]
Segment Reporting Information [Line Items]
Net sales	504.3	524.9	1,037.8	1,083.5
U.S. Yogurt & Other [Member] | Operating Segments [Member]
Segment Reporting Information [Line Items]
Net sales	228.1	237.6	447.2	461
Canada [Member] | Operating Segments [Member]
Segment Reporting Information [Line Items]
Net sales	226.2	242.5	439.5	464.1
Convenience Stores & Foodservice [Member] | Operating Segments [Member]
Segment Reporting Information [Line Items]
Net sales	514.4	512.2	977.6	959.3
Operating profit	109.6	106.5	206.7	191.3
Europe & Australia [Member] | Operating Segments [Member]
Segment Reporting Information [Line Items]
Net sales	453.8	466.7	954.5	958.6
Operating profit	22.5	26.9	57	57.5
Asia & Latin America [Member] | Operating Segments [Member]
Segment Reporting Information [Line Items]
Net sales	430.7	448	829.7	840
Operating profit	17.9	16.7	30.1	32.2
Pet [Member] | Operating Segments [Member]
Segment Reporting Information [Line Items]
Net sales	335.2	0	678.5	0
Operating profit	$ 70.8	$ 0	$ 85.3	$ 0

Business Segment and Geograph_4

Business Segment and Geographic Information (Schedule of net sales by class of similar products) (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Nov. 25, 2018	Nov. 26, 2017	Nov. 25, 2018	Nov. 26, 2017
Product Information [Line Items]
Net sales	$ 4,411.2	$ 4,198.7	$ 8,505.2	$ 7,967.9
Snacks [Member]
Product Information [Line Items]
Net sales	827.7	833.7	1,687.2	1,695.4
Convenient meals [Member]
Product Information [Line Items]
Net sales	698.6	723.4	1,312.5	1,329.2
Cereal [Member]
Product Information [Line Items]
Net sales	655.5	684.4	1,332.2	1,360.4
Yogurt [Member]
Product Information [Line Items]
Net sales	560.3	595.2	1,097.4	1,147.7
Dough [Member]
Product Information [Line Items]
Net sales	532.6	526.5	866.7	863
Baking mixes and ingredients [Member]
Product Information [Line Items]
Net sales	486.6	501.4	853.9	881
Pet [Member]
Product Information [Line Items]
Net sales	335.2	0	678.5	0
Super-premium ice cream [Member]
Product Information [Line Items]
Net sales	202.9	201	450.3	431.1
Vegetables [Member]
Product Information [Line Items]
Net sales	71.9	82.7	137.9	159.3
Other [Member]
Product Information [Line Items]
Net sales	$ 39.9	$ 50.4	$ 88.6	$ 100.8

New Accounting Pronouncements (

New Accounting Pronouncements (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Nov. 25, 2018	Nov. 26, 2017	Nov. 25, 2018	Nov. 26, 2017
Increase (decrease) to benefit plan non-service income, impact of adoption of new accounting standard	$ (21)	$ (20.8)	$ (41.9)	$ (41.3)
Cumulative effect adjustment related to adoption of new accounting standard	(33.9)		(33.9)
Retained Earnings [Member]
Cumulative effect adjustment related to adoption of new accounting standard	(33.9)		(33.9)
Accounting Standards Update 2017-07 [Member]
Increase (decrease) to benefit plan non-service income, impact of adoption of new accounting standard	(21)	(20.8)	(41.9)	(41.3)
Increase (decrease) to operating profit, impact of adoption of new accounting standard	(21)	$ (20.8)	(41.9)	$ (41.3)
Accounting Standards Update 2014-09 [Member] | Deferred Income Tax Charges [Member]
Cumulative effect adjustment related to adoption of new accounting standard	(11.4)		(11.4)
Accounting Standards Update 2014-09 [Member] | Other Current Liabilities [Member]
Cumulative effect adjustment related to adoption of new accounting standard	45.3		45.3
Accounting Standards Update 2014-09 [Member] | Retained Earnings [Member]
Cumulative effect adjustment related to adoption of new accounting standard	$ (33.9)		$ (33.9)