General Mills (GIS) 10-Q 18 Dec 19 2020 Q2 Quarterly report Financial data

DOCUMENT AND ENTITY INFORMATION

DOCUMENT AND ENTITY INFORMATION - shares	6 Months Ended
	Nov. 24, 2019	Dec. 10, 2019
Cover [Abstract]
Document Type	10-Q
Amendment Flag	false
Entity Central Index Key	0000040704
Document Quarterly Report	true
Document Transition Report	false
Document Period End Date	Nov. 24, 2019
Document Fiscal Period Focus	Q2
Document Fiscal Year Focus	2020
Current FIscal Year End Date	--05-31
Entity File Number	001-01185
Entity Registrant Name	GENERAL MILLS, INC.
Entity Incorporation State Country Code	DE
Entity Tax Identification Number	41-0274440
Entity Address Address Line 1	Number One General Mills Boulevard
Entity Address City or Town	Minneapolis
Entity Address State or Province	MN
Entity Address Postal Zip Code	55426
City Area Code	(763)
Local Phone Number	764-7600
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock Shares Outstanding		604,816,813
Common Stock, $.10 par value [Member]
Entity Listings [Line Items]
Security 12b Title	Common Stock, $.10 par value
Trading Symbol	GIS
Security Exchange Name	NYSE
Floating Rate Notes Due Twenty Twenty [Member]
Entity Listings [Line Items]
Security 12b Title	Floating Rate Notes due 2020
Trading Symbol	GIS20A
Security Exchange Name	NYSE
2.100% Notes due 2020 [Member]
Entity Listings [Line Items]
Security 12b Title	2.100% Notes due 2020
Trading Symbol	GIS20
Security Exchange Name	NYSE
1.000% Notes due 2023 [Member]
Entity Listings [Line Items]
Security 12b Title	1.000% Notes due 2023
Trading Symbol	GIS23A
Security Exchange Name	NYSE
1.500% Notes due 2027 [Member]
Entity Listings [Line Items]
Security 12b Title	1.500% Notes due 2027
Trading Symbol	GIS27
Security Exchange Name	NYSE

CONSOLIDATED STATEMENTS OF EARN

CONSOLIDATED STATEMENTS OF EARNINGS (Unaudited) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Nov. 24, 2019	Nov. 25, 2018	Nov. 24, 2019	Nov. 25, 2018
CONSOLIDATED STATEMENTS OF EARNINGS [ABSTRACT]
Net sales	$ 4,420.8	$ 4,411.2	$ 8,423.3	$ 8,505.2
Cost of sales	2,851.7	2,901.5	5,464.7	5,652.7
Selling, general, and administrative expenses	759	753.3	1,477.9	1,496
Restructuring, impairment, and other exit costs (recoveries)	(1.1)	209.4	7.1	208
Operating profit	811.2	547	1,473.6	1,148.5
Benefit plan non-service income	(30.2)	(21)	(60.4)	(41.9)
Interest, net	119.4	132.7	238.1	266.2
Earnings before income taxes and after-tax earnings from joint ventures	722	435.3	1,295.9	924.2
Income taxes	155.5	106.6	222.7	217.3
After-tax earnings from joint ventures	24.9	22.5	46.7	40.2
Net earnings, including earnings attributable to redeemable and noncontrolling interests	591.4	351.2	1,119.9	747.1
Net earnings attributable to redeemable and noncontrolling interests	10.6	7.8	18.5	11.4
Net earnings attributable to General Mills	$ 580.8	$ 343.4	$ 1,101.4	$ 735.7
Earnings per share - basic	$ 0.96	$ 0.57	$ 1.82	$ 1.23
Earnings per share - diluted	0.95	0.57	1.80	1.22
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. 24, 2019	Nov. 25, 2018	Nov. 24, 2019	Nov. 25, 2018
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME [ABSTRACT]
Net earnings, including earnings attributable to redeemable and noncontrolling interests	$ 591.4	$ 351.2	$ 1,119.9	$ 747.1
Other comprehensive income (loss), net of tax:
Foreign currency translation	(2.8)	37.4	(6.5)	(68.8)
Other fair value changes:
Hedge derivatives	(12.8)	2.1	(9)	9.2
Reclassification to earnings:
Securities	0	0	0	(2)
Hedge derivatives	0.2	0.1	(0.4)	0.7
Amortization of losses and prior service costs	19.6	20.6	39.2	42.5
Other comprehensive income (loss), net of tax	4.2	60.2	23.3	(18.4)
Total comprehensive income	595.6	411.4	1,143.2	728.7
Comprehensive income (loss) attributable to redeemable and noncontrolling interests	4	(12)	6.2	(16.8)
Comprehensive income attributable to General Mills	$ 591.6	$ 423.4	$ 1,137	$ 745.5

CONSOLIDATED BALANCE SHEETS (Un

CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($) $ in Millions	Nov. 24, 2019	May 26, 2019
Current assets:
Cash and cash equivalents	$ 560.2	$ 450
Receivables	1,772.7	1,679.7
Inventories	1,719.5	1,559.3
Prepaid expenses and other current assets	426.5	497.5
Total current assets	4,478.9	4,186.5
Land, buildings, and equipment	3,588.5	3,787.2
Goodwill	13,973.9	13,995.8
Other intangible assets	7,133	7,166.8
Other assets	1,278.1	974.9
Total assets	30,452.4	30,111.2
Current liabilities:
Accounts payable	3,063	2,854.1
Current portion of long-term debt	1,537.2	1,396.5
Notes payable	1,345.1	1,468.7
Other current liabilities	1,417	1,367.8
Total current liabilities	7,362.3	7,087.1
Long-term debt	10,953.1	11,624.8
Deferred income taxes	2,015.9	2,031
Other liabilities	1,555.4	1,448.9
Total liabilities	21,886.7	22,191.8
Redeemable interest	545.1	551.7
Stockholders' equity:
Common stock, 754.6 shares issued, $0.10 par value	75.5	75.5
Additional paid-in capital	1,387	1,386.7
Retained earnings	15,501.8	14,996.7
Common stock in treasury, at cost, shares of 150.0 and 152.7	(6,662.2)	(6,779)
Accumulated other comprehensive loss	(2,589.8)	(2,625.4)
Total stockholders' equity	7,712.3	7,054.5
Noncontrolling interests	308.3	313.2
Total equity	8,020.6	7,367.7
Total liabilities and equity	$ 30,452.4	$ 30,111.2

CONSOLIDATED BALANCE SHEETS (_2

CONSOLIDATED BALANCE SHEETS (Unaudited) (Parenthetical) - $ / shares shares in Millions	Nov. 24, 2019	May 26, 2019	May 27, 2018
Stockholders' equity:
Common stock, shares issued	754.6	754.6
Common stock, par value	$ 0.10	$ 0.1	$ 0.1
Common stock in treasury, shares	150	152.7

CONSOLIDATED STATEMENTS OF TOTA

CONSOLIDATED STATEMENTS OF TOTAL EQUITY AND REDEEMABLE INTEREST (Unaudited) - USD ($) $ 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]
Adoption of revenue recognition accounting requirements	$ (33.9)				$ (33.9)
Beginning balance, equity at May. 27, 2018	6,492.4	$ 75.5	$ 1,202.5	$ (7,167.5)	14,459.6	$ (2,429)	$ 351.3
Beginning balance, equity attributable to redeemable noncontrolling interest at May. 27, 2018								$ 776.2
Beginning balance, common stock shares at May. 27, 2018		754,600,000
Beginning balance, treasury stock shares at May. 27, 2018				(161,500,000)
Total comprehensive income (loss)	323.9				392.3	(70.2)	1.8
Total comprehensive income (loss) attributable to redeemable interests	(6.6)							(6.6)
Cash dividends declared ($0.49 per share)	(294.2)				(294.2)
Shares purchased, value	(0.2)			$ (0.2)
Stock compensation plans, value	129.3		(2.5)	$ 131.8
Stock compensation plans, shares				3,000,000
Unearned compensation related to restricted stock unit awards	(65.2)		(65.2)
Earned compensation	28.1		28.1
(Increase) decrease in redemption value of redeemable interest	(2)		(2)					2
Addition of redeemable and noncontrolling interest from acquisitions	(2.4)						(2.4)
Ending balance, equity at Aug. 26, 2018	6,575.8	$ 75.5	1,160.9	$ (7,035.9)	14,523.8	(2,499.2)	350.7
Ending balance, equity attributable to redeemable noncontrolling interest at Aug. 26, 2018	771.6							771.6
Ending balance, common stock shares at Aug. 26, 2018		754,600,000
Ending balance, treasury stock shares at Aug. 26, 2018				(158,500,000)
Beginning balance, equity at May. 27, 2018	6,492.4	$ 75.5	1,202.5	$ (7,167.5)	14,459.6	(2,429)	351.3
Beginning balance, equity attributable to redeemable noncontrolling interest at May. 27, 2018								776.2
Beginning balance, common stock shares at May. 27, 2018		754,600,000
Beginning balance, treasury stock shares at May. 27, 2018				(161,500,000)
Total comprehensive income (loss) attributable to redeemable interests								(15.4)
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
Ending balance, common stock shares at Nov. 25, 2018		754,600,000
Ending balance, treasury stock shares at Nov. 25, 2018				(157,900,000)
Beginning balance, equity at Aug. 26, 2018	6,575.8	$ 75.5	1,160.9	$ (7,035.9)	14,523.8	(2,499.2)	350.7
Beginning balance, equity attributable to redeemable noncontrolling interest at Aug. 26, 2018	771.6							771.6
Beginning balance, common stock shares at Aug. 26, 2018		754,600,000
Beginning balance, treasury stock shares at Aug. 26, 2018				(158,500,000)
Total comprehensive income (loss)	420.2				343.4	80	(3.2)
Total comprehensive income (loss) attributable to redeemable interests	(8.8)							(8.8)
Cash dividends declared ($0.49 per share)	(295)				(295)
Shares purchased, value	(0.1)			$ (0.1)
Shares purchased, shares				0
Stock compensation plans, value	13.3		(13)	$ 26.3
Stock compensation plans, shares				600,000
Unearned compensation related to restricted stock unit awards	(1.5)		(1.5)
Earned compensation	15.7		15.7
Increase in investment in redeemable interest								55.7
(Increase) decrease in redemption value of redeemable interest	270.9		270.9					(270.9)
Distributions to noncontrolling and redeemable interest holders	(19.9)						(19.9)
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
Ending balance, common stock shares at Nov. 25, 2018		754,600,000
Ending balance, treasury stock shares at Nov. 25, 2018				(157,900,000)
Beginning balance, equity at May. 26, 2019	7,367.7	$ 75.5	1,386.7	$ (6,779)	14,996.7	(2,625.4)	313.2
Beginning balance, equity attributable to redeemable noncontrolling interest at May. 26, 2019	$ 551.7							551.7
Beginning balance, common stock shares at May. 26, 2019	754,600,000	754,600,000
Beginning balance, treasury stock shares at May. 26, 2019	(152,700,000)			(152,700,000)
Total comprehensive income (loss)	$ 547.5				520.6	24.8	2.1
Total comprehensive income (loss) attributable to redeemable interests								0.1
Cash dividends declared ($0.49 per share)	(298.5)				(298.5)
Stock compensation plans, value	115.2		18	$ 97.2
Stock compensation plans, shares				2,200,000
Unearned compensation related to restricted stock unit awards	(66.5)		(66.5)
Earned compensation	28.7		28.7
(Increase) decrease in redemption value of redeemable interest	4		4					(4)
Distributions to noncontrolling and redeemable interest holders	(2.5)						(2.5)
Ending balance, equity at Aug. 25, 2019	7,695.6	$ 75.5	1,370.9	$ (6,681.8)	15,218.8	(2,600.6)	312.8
Ending balance, equity attributable to redeemable noncontrolling interest at Aug. 25, 2019								547.8
Ending balance, common stock shares at Aug. 25, 2019		754,600,000
Ending balance, treasury stock shares at Aug. 25, 2019				(150,500,000)
Beginning balance, equity at May. 26, 2019	7,367.7	$ 75.5	1,386.7	$ (6,779)	14,996.7	(2,625.4)	313.2
Beginning balance, equity attributable to redeemable noncontrolling interest at May. 26, 2019	$ 551.7							551.7
Beginning balance, common stock shares at May. 26, 2019	754,600,000	754,600,000
Beginning balance, treasury stock shares at May. 26, 2019	(152,700,000)			(152,700,000)
Total comprehensive income (loss) attributable to redeemable interests								2.5
Ending balance, equity at Nov. 24, 2019	$ 8,020.6	$ 75.5	1,387	$ (6,662.2)	15,501.8	(2,589.8)	308.3
Ending balance, equity attributable to redeemable noncontrolling interest at Nov. 24, 2019	$ 545.1							545.1
Ending balance, common stock shares at Nov. 24, 2019	754,600,000	754,600,000
Ending balance, treasury stock shares at Nov. 24, 2019	(150,000,000)			(150,000,000)
Beginning balance, equity at Aug. 25, 2019	$ 7,695.6	$ 75.5	1,370.9	$ (6,681.8)	15,218.8	(2,600.6)	312.8
Beginning balance, equity attributable to redeemable noncontrolling interest at Aug. 25, 2019								547.8
Beginning balance, common stock shares at Aug. 25, 2019		754,600,000
Beginning balance, treasury stock shares at Aug. 25, 2019				(150,500,000)
Total comprehensive income (loss)	593.2				580.8	10.8	1.6
Total comprehensive income (loss) attributable to redeemable interests								2.4
Cash dividends declared ($0.49 per share)	(297.8)				(297.8)
Shares purchased, value	(0.1)			$ (0.1)
Shares purchased, shares				0
Stock compensation plans, value	15.5		(4.2)	$ 19.7
Stock compensation plans, shares				500,000
Unearned compensation related to restricted stock unit awards	(3.4)		(3.4)
Earned compensation	18.6		18.6
(Increase) decrease in redemption value of redeemable interest	5.1		5.1					(5.1)
Distributions to noncontrolling and redeemable interest holders	(6.1)						(6.1)
Ending balance, equity at Nov. 24, 2019	8,020.6	$ 75.5	$ 1,387	$ (6,662.2)	$ 15,501.8	$ (2,589.8)	$ 308.3
Ending balance, equity attributable to redeemable noncontrolling interest at Nov. 24, 2019	$ 545.1							$ 545.1
Ending balance, common stock shares at Nov. 24, 2019	754,600,000	754,600,000
Ending balance, treasury stock shares at Nov. 24, 2019	(150,000,000)			(150,000,000)

CONSOLIDATED STATEMENTS OF TO_2

CONSOLIDATED STATEMENTS OF TOTAL EQUITY AND REDEEMABLE INTEREST (Unaudited) (Parenthetical) - $ / shares	3 Months Ended
	Nov. 24, 2019	Nov. 25, 2018
CONSOLIDATED STATEMENTS OF TOTAL EQUITY AND REDEEMABLE INTEREST (Unaudited) (Parenthetical) [ABSTRACT]
Par Value Common Stock	$ 0.10
Cash dividends declared per share	$ 0.49	$ 0.49

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($) $ in Millions	6 Months Ended
	Nov. 24, 2019	Nov. 25, 2018
Cash Flows - Operating Activities
Net earnings, including earnings attributable to redeemable and noncontrolling interests	$ 1,119.9	$ 747.1
Adjustments to reconcile net earnings to net cash provided by operating activities:
Depreciation and amortization	307.7	310.1
After-tax earnings from joint ventures	(46.7)	(40.2)
Distributions of earnings from joint ventures	28.9	34.7
Stock-based compensation	47.8	44.5
Deferred income taxes	(9.9)	43.8
Pension and other postretirement benefit plan contributions	(14.3)	(14.6)
Pension and other postretirement benefit plan costs	(15.5)	3.1
Restructuring, impairment, and other exit costs	11.3	179
Changes in current assets and liabilities	7.7	100
Other, net	19.7	(11)
Net cash provided by operating activities	1,456.6	1,396.5
Cash Flows - Investing Activities
Purchases of land, buildings, and equipment	(158.5)	(253.8)
Investments In affiliates, net	(14.3)	(1.5)
Proceeds from disposal of land, buildings, and equipment	0.6	11.3
Other, net	9.5	(51.4)
Net cash used by investing activities	(162.7)	(295.4)
Cash Flows - Financing Activities
Change in notes payable	(119.7)	(482.1)
Payment of long-term debt	(509.3)	(0.4)
Proceeds from common stock issued on exercised options	68.6	87.3
Purchases of common stock for treasury	(0.1)	(0.3)
Dividends paid	(596.3)	(589.2)
Investment in redeemable interest	0	55.7
Distributions to noncontrolling and redeemable interest holders	(8.6)	(6.8)
Other, net	(14.4)	(11.5)
Net cash used by financing activities	(1,179.8)	(947.3)
Cash Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect	114.1	153.8
Effect of exchange rate changes on cash and cash equivalents	(3.9)	(20.1)
Increase in cash and cash equivalents	110.2	133.7
Cash and cash equivalents - beginning of year	450	399
Cash and cash equivalents - end of period	560.2	532.7
Cash Flow from changes in current assets and liabilities:
Receivables	(97)	(64)
Inventories	(167.2)	(15.3)
Prepaid expenses and other current assets	67.6	45.3
Accounts payable	245.7	144.1
Other current liabilities	(41.4)	(10.1)
Changes in current assets and liabilities	$ 7.7	$ 100

BACKGROUND

BACKGROUND	6 Months Ended
	Nov. 24, 2019
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 (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 transactions and any noncontrolling and redeemable interests’ share of those transactions. Operating results for the quarter ended November 24, 2019, are not necessarily indicative of the results that may be expected for the fiscal year ending May 31, 2020. These statements 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 26, 2019. The accounting policies used in preparing these Consolidated Financial Statements are the same as those described in Note 2 to the Consolidated Financial Statements in that Form 10-K with the exception of new requirements adopted in the first quarter of fiscal 2020. In the first quarter of fiscal 2020, we adopted new accounting requirements for hedge accounting. The new standard amends the hedge accounting recognition and presentation requirements to better align an entity’s risk management activities and financial reporting. The new standard also simplifies the application of hedge accounting guidance. The adoption did not have a material impact on our results of operations or financial position. In the first quarter of fiscal 2020, we adopted new requirements for the accounting, presentation, and classification of leases. This results in certain leases being capitalized as a right of use asset with a related liability on our Consolidated Balance Sheet. We have performed a review of our lease portfolio, implemented lease accounting software, and developed a centralized business process with corresponding controls. We adopted this guidance utilizing the cumulative effect adjustment approach, which required application of the guidance at the adoption date, and elected certain practical expedients permitted under the transition guidance, including not reassessing whether existing contracts contain leases and carrying forward the historical classification of those leases. In addition, we elected not to recognize leases with an initial term of 12 months or less on our Consolidated Balance Sheet and to continue our historical treatment of land easements, under permitted elections. This guidance did not have a material impact on retained earnings, our Consolidated Statements of Earnings, or our Consolidated Statements of Cash Flows. See Note 5 to the Consolidated Financial Statements for additional information on the impact to our Consolidated Balance Sheets. Certain terms used throughout this report are defined in the “Glossary” section below.

RESTRUCTURING AND OTHER EXIT CO

RESTRUCTURING AND OTHER EXIT COSTS	6 Months Ended
	Nov. 24, 2019
Restructuring, Impairment, and Other Exit Costs [Abstract]
Restructuring, Impairment, and Other Exit Costs	(2) Restructuring, Impairment, and Other Exit Costs Restructuring and impairment charges were as follows: Quarter Ended Six-Month Period Ended In Millions Nov. 24, 2019 Nov. 25, 2018 Nov. 24, 2019 Nov. 25, 2018 Charges associated with restructuring actions previously announced $ 10.5 $ 3.6 $ 24.8 $ 2.4 Asset impairments - 205.8 - 205.8 Total $ 10.5 $ 209.4 $ 24.8 $ 208.2 In the six-month period ended November 24, 2019, we did not undertake any new restructuring actions. We recorded $ 10.5 million of restructuring charges for previously announced restructuring actions in the second quarter of fiscal 2020 and $ 24.8 million in the six-month period ended November 24, 2019, compared to $ 3.6 million of restructuring charges in the second quarter of fiscal 2019 and $ 2.4 million in the six-month period ended November 25, 2018. Certain actions are subject to union negotiations and works counsel consultations, where required. We expect these actions to be completed by the end of fiscal 2022. We did not record any asset impairments in the six-month period ended November 24, 2019. In the second quarter of fiscal 2019, we recorded $ 192.6 million of charges related to the impairment of certain brand intangible assets in restructuring, impairment, and other exit costs. During the second quarter of fiscal 2019, we recorded a $ 13.2 million charge in restructuring, impairment, and other exit costs related to the impairment of certain manufacturing assets within our North America Retail segment. We paid $ 13.5 million of cash related to restructuring actions previously announced in the six-month period ended November 24, 2019, compared to $ 29.2 million in the same period of fiscal 2019. Restructuring and impairment charges and project-related costs are recorded in our Consolidated Statements of Earnings as follows: Quarter Ended Six-Month Period Ended In Millions Nov. 24, 2019 Nov. 25, 2018 Nov. 24, 2019 Nov. 25, 2018 Cost of sales $ 11.6 $ - $ 17.7 $ 0.2 Restructuring, impairment, and other exit costs (recoveries) ( 1.1) 209.4 7.1 208.0 Total restructuring and impairment charges 10.5 209.4 24.8 208.2 Project-related costs classified in cost of sales $ 0.7 $ - $ 0.7 $ 1.2 The roll forward of our restructuring and other exit cost reserves, included in other current liabilities, is as follows: In Millions Reserve balance as of May 26, 2019 $ 36.5 Fiscal 2020 charges, including foreign currency translation 0.8 Utilized in fiscal 2020 ( 9.8) Reserve balance as of Nov. 24, 2019 $ 27.5 The reserve balance primarily consists of expected severance payments associated with previously announced restructuring actions. 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 Sheets.

GOODWILL AND OTHER INTANGIBLE A

GOODWILL AND OTHER INTANGIBLE ASSETS	6 Months Ended
	Nov. 24, 2019
Goodwill and Other Intangible Assets [Abstract]
Goodwill and Other Intangible Assets	(3) Goodwill and Other Intangible Assets The components of goodwill and other intangible assets are as follows: In Millions Nov. 24, 2019 May 26, 2019 Goodwill $ 13,973.9 $ 13,995.8 Other intangible assets: Intangible assets not subject to amortization: Brands and other indefinite-lived intangibles 6,580.0 6,590.8 Intangible assets subject to amortization: Franchise agreements, customer relationships, and other finite-lived intangibles 778.8 786.1 Less accumulated amortization ( 225.8) ( 210.1) Intangible assets subject to amortization, net 553.0 576.0 Other intangible assets 7,133.0 7,166.8 Total $ 21,106.9 $ 21,162.6 Based on the carrying value of finite-lived intangible assets as of November 24, 2019, annual amortization expense for each of the next five fiscal years is estimated to be approximately $ million. The changes in the carrying amount of goodwill during the second quarter of fiscal 2020 were as follows: In Millions North America Retail Pet Convenience Stores & Foodservice Europe & Australia Asia & Latin America Joint Ventures Total Balance as of May 26, 2019 $ 6,406.5 $ 5,300.5 $ 918.8 $ 700.4 $ 260.2 $ 409.4 $ 13,995.8 Other activity, primarily foreign currency translation 1.2 - - ( 7.9) ( 8.6) ( 6.6) ( 21.9) Balance as of Nov. 24, 2019 $ 6,407.7 $ 5,300.5 $ 918.8 $ 692.5 $ 251.6 $ 402.8 $ 13,973.9 The changes in the carrying amount of other intangible assets for the six-month period ended November 24, 2019, were as follows: In Millions Total Balance as of May 26, 2019 $ 7,166.8 Other activity, primarily foreign currency translation ( 33.8) Balance as of Nov. 24, 2019 $ 7,133.0 Our annual goodwill and indefinite-lived intangible assets impairment test was performed on the first day of the second quarter of fiscal 2020, and we determined there was no impairment of our intangible assets as their related fair values were substantially in excess of the carrying values, except for the Europe & Australia reporting unit and the Progresso brand intangible asset . The excess fair value as of the fiscal 2020 test date of the Europe & Australia reporting unit and the Progresso brand intangible asset is as follows: In Millions Carrying Value of Intangible Asset Excess Fair Value as of Fiscal 2020 Test Date Europe & Australia $ 672.6 14% Progresso $ 330.0 5% In addition, while having significant coverage as of our fiscal 2020 assessment date, the Pillsbury brand intangible asset had risk of decreasing coverage. We will continue to monitor these businesses for potential impairment.

INVENTORIES

INVENTORIES	6 Months Ended
	Nov. 24, 2019
Inventories [Abstract]
Inventories	(4) Inventories The components of inventories were as follows: In Millions Nov. 24, 2019 May 26, 2019 Raw materials and packaging $ 398.0 $ 434.9 Finished goods 1,433.6 1,245.9 Grain 99.2 92.0 Excess of FIFO over LIFO cost ( 211.3) ( 213.5) Total $ 1,719.5 $ 1,559.3

LEASES

LEASES	6 Months Ended
	Nov. 24, 2019
Lessee Disclosure [Abstract]
Lessee Operating Leases	(5) Leases We determine whether an arrangement is a lease at inception. Our lease portfolio primarily consists of operating lease arrangements for certain warehouse and distribution space, office space, retail shops, production facilitates, rail cars, production and distribution equipment, automobiles, and office equipment. When our lease arrangements include lease and non-lease components, we account for lease components and non-lease components (e.g. common area maintenance) separately based on their relative standalone prices. Any lease arrangements with an initial term of 12 months or less are not recorded on our Consolidated Balance Sheet and we recognize lease costs for these lease arrangements on a straight-line basis over the lease term. Many of our lease arrangements provide us with the options to exercise one or more renewal terms or to terminate the lease arrangement. We include these options when we are reasonably certain to exercise them in the lease term used to establish our right of use assets and lease liabilities. Generally, our lease agreements do not include an option to purchase the leased asset, residual value guarantees, or material restrictive covenants. We have certain lease arrangements with variable rental payments. Our lease arrangements for our Häagen-Dazs retail shops often include rental payments that are based on a percentage of retail sales. We have other lease arrangements that are adjusted periodically based on an inflation index or rate. The future variability of these payments and adjustments are unknown and therefore they are not included as minimum lease payments used to determine our right of use assets and lease liabilities. Variable rental payments are recognized in the period in which the obligation is incurred. As most of our lease arrangements do not provide an implicit interest rate, we apply an incremental borrowing rate based on the information available at the commencement date of the lease arrangement to determine the present value of lease payments. Our lease costs associated with finance leases and sale-leaseback transactions and our lease income associated with lessor and sublease arrangements are not material to our Consolidated Financial Statements. Our operating leases are reported in our Consolidated Balance Sheet as follows: In Millions Classification Nov. 24, 2019 Right of use assets (a) Other assets $ 403.8 Current lease liabilities Other current liabilities 108.6 Non-current lease liabilities Other liabilities 308.5 (a) Net of accumulated amortization Components of our lease cost are as follows: Six-Month Quarter Ended Period Ended In Millions Nov. 24, 2019 Nov. 24, 2019 Operating lease cost $ 35.1 $ 68.0 Variable lease cost 4.7 9.9 Short-term lease cost 7.2 13.6 Rent expense under all operating leases from continuing operations was $ 184.9 million in fiscal 2019. Maturities of our operating lease obligations by fiscal year are as follows: In Millions Fiscal 2020 (a) $ 65.7 Fiscal 2021 111.6 Fiscal 2022 93.8 Fiscal 2023 69.4 Fiscal 2024 52.8 After fiscal 2024 62.6 Total noncancelable future lease obligations $ 455.9 Less: Interest ( 38.8) Present value of lease obligations $ 417.1 (a) Excludes the six-month period ended November 24, 2019 . The lease payments presented in the table above exclude $ 12.4 million of minimum lease payments for operating leases we have committed to but have not yet commenced as of November 24, 2019. Noncancelable future operating lease commitments as of May 26, 2019, were as follows: In Millions Fiscal 2020 $ 120.0 Fiscal 2021 101.7 Fiscal 2022 85.0 Fiscal 2023 63.8 Fiscal 2024 49.1 After fiscal 2024 63.0 Total noncancelable future lease commitments $ 482.6 The weighted-average remaining lease term and weighted-average discount rate for our operating leases are as follows: Nov. 24, 2019 Weighted-average remaining lease term 4.7 years Weighted-average discount rate 4.1 % Supplemental operating cash flow information and non-cash activity related to our operating leases are as follows: Six-Month Period Ended In Millions Nov. 24, 2019 Cash paid for amounts included in the measurement of lease liabilities $ 64.7 Right of use assets obtained in exchange for new lease liabilities 28.2

RISK MANAGEMENT ACTIVITIES

RISK MANAGEMENT ACTIVITIES	6 Months Ended
	Nov. 24, 2019
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 generally 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 effective 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 corporate 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 to 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 24, 2019, and November 25, 2018, included: Quarter Ended Six-Month Period Ended In Millions Nov. 24, 2019 Nov. 25, 2018 Nov. 24, 2019 Nov. 25, 2018 Net gain (loss) on mark-to-market valuation of certain commodity positions $ 9.7 $ ( 17.5) $ ( 11.0) $ ( 37.0) Net loss (gain) on commodity positions reclassified from unallocated corporate items to segment operating profit 4.0 2.2 15.3 ( 1.5) Net mark-to-market revaluation of certain grain inventories 8.9 3.5 3.3 ( 4.4) Net mark-to-market valuation of certain commodity positions recognized in unallocated corporate items $ 22.6 $ ( 11.8) $ 7.6 $ ( 42.9) As of November 24, 2019, the net notional value of commodity derivatives was $ 260.3 million, of which $ 91.8 million related to energy inputs and $ 168.5 million related to agricultural inputs. These contracts relate to inputs that generally will be utilized within the next 12 months. During the second quarter of fiscal 2020, we entered into a $ 500 million interest rate swap to convert a portion of our $ 850 million floating-rate notes due April 16, 2021, to a fixed rate. 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 24, 2019, and were Level 1 or Level 2 assets and liabilities in the fair value hierarchy. We did not significantly change our valuation techniques from prior periods. We offer certain suppliers access to third party services that allow them to view our scheduled payments online. The third party services 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 with the suppliers, the third parties, or any financial institutions concerning these services. All of our accounts payable remain as obligations to our suppliers as stated in our supplier agreements. As of November 24, 2019, $ 1,279.2 million of our total accounts payable were payable to suppliers who utilize these third party services.

DEBT

DEBT	6 Months Ended
	Nov. 24, 2019
Debt [Abstract]
Debt	(7) Debt The components of notes payable were as follows: In Millions Nov. 24, 2019 May 26, 2019 U.S. commercial paper $ 1,183.5 $ 1,298.5 Financial institutions 161.6 170.2 Total $ 1,345.1 $ 1,468.7 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 in 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 24, 2019: In Billions Facility Amount Borrowed Amount Credit facility expiring: May 2022 $ 2.7 $ - September 2022 0.2 - Total committed credit facilities 2.9 - Uncommitted credit facilities 0.7 0.2 Total committed and uncommitted credit facilities $ 3.6 $ 0.2 The credit facilities contain covenants, including a requirement to maintain a fixed charge coverage ratio of at least 2.5 We were in compliance with all credit facility covenants as of November 24, 2019. Long-Term Debt The fair values and carrying amounts of long-term debt, including the current portion, were $ 13,285.2 million and $ 12,490.3 million, respectively, as of November 24, 2019. The fair value of long-term debt was estimated using market quotations and discounted cash flows based on our current incremental borrowing rates for similar types of instruments. Long-term debt is a Level 2 liability in the fair value hierarchy. In the second quarter of fiscal 2020, we repaid $ 500.0 million of 2.20 percent fixed-rate notes with proceeds from commercial paper. In the fourth quarter of fiscal 2019, we issued € 300.0 million principal amount of 0.0 percent fixed-rate notes due January 15, 2020. We may redeem the notes if certain tax laws change and we would be obligated to pay additional amounts on the notes. These notes are senior unsecured obligations that include a change of control repurchase provision. We used the net proceeds, together with cash on hand, to repay our € 300.0 million floating rate notes. In the third quarter of fiscal 2019, we repaid $ 1,150.0 million of 5.65 percent fixed-rate notes with proceeds from commercial paper. Certain of our long-term debt agreements contain restrictive covenants. As of November 24, 2019, we were in compliance with all of these covenants.

REDEEMABLE AND NONCONTROLLING I

REDEEMABLE AND NONCONTROLLING INTERESTS	6 Months Ended
	Nov. 24, 2019
Redeemable and Noncontrolling Interests [Abstract]
Redeemable and Noncontrolling Interests	(8) Redeemable and Noncontrolling Interests We have a 51 percent controlling interest in Yoplait SAS and a 50 percent interest 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-denominated 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 Sheets 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 24, 2019, the redemption value of the euro-denominated redeemable interest was $ 545.1 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 $ 95.8 million for the six-month period ended November 24, 2019, and $ 107.8 million for the six-month period ended November 25, 2018. During the second quarter of fiscal 2019, Sodiaal made an additional investment of $ 55.7 million in Yoplait SAS. On the acquisition dates, we recorded the $ 281.4 million fair value of Sodiaal’s 50 percent euro-denominated interest in Yoplait Marques SNC and 50 percent Canadian dollar-denominated interest in Liberté Marques Sàrl as noncontrolling interests on our Consolidated Balance Sheets. Yoplait Marques SNC earns a royalty stream through a licensing 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 for the rights to Liberté 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 remarketing auction. Our noncontrolling interests contain restrictive covenants. As of November 24, 2019, we were in compliance with all of these covenants.

STOCKHOLDERS' EQUITY

STOCKHOLDERS' EQUITY	6 Months Ended
	Nov. 24, 2019
Stockholders' Equity [Abstract]
Stockholders' Equity	(9) Stockholders’ Equity The following tables provide details of total comprehensive income: Quarter Ended Quarter Ended Nov. 24, 2019 Nov. 25, 2018 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 $ 580.8 $ 4.9 $ 5.7 $ 343.4 $ 5.1 $ 2.7 Other comprehensive income (loss): Foreign currency translation $ 1.7 $ - 1.7 ( 3.3) ( 1.2) $ 56.5 $ - 56.5 ( 8.3) ( 10.8) Other fair value changes: Hedge derivatives ( 11.6) 0.9 ( 10.7) - ( 2.1) 2.0 0.7 2.7 - ( 0.6) Reclassification to earnings: Hedge derivatives (a) 0.4 ( 0.2) 0.2 - - 0.5 ( 0.3) 0.2 - ( 0.1) Amortization of losses and prior service costs (b) 25.5 ( 5.9) 19.6 - - 26.8 ( 6.2) 20.6 - - Other comprehensive income (loss) $ 16.0 $ ( 5.2) 10.8 ( 3.3) ( 3.3) $ 85.8 $ ( 5.8) 80.0 ( 8.3) ( 11.5) Total comprehensive income (loss) $ 591.6 $ 1.6 $ 2.4 $ 423.4 $ ( 3.2) $ ( 8.8) (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. Six-Month Period Ended Six-Month Period Ended Nov. 24, 2019 Nov. 25, 2018 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 $ 1,101.4 $ 8.5 $ 10.0 $ 735.7 $ 8.2 $ 3.2 Other comprehensive income (loss): Foreign currency translation $ 4.4 $ - 4.4 ( 4.8) ( 6.1) $ ( 40.3) $ - ( 40.3) ( 9.6) ( 18.9) Other fair value changes: Hedge derivatives ( 9.2) 1.6 ( 7.6) - ( 1.4) 9.2 ( 0.3) 8.9 - 0.3 Reclassification to earnings: Securities (a) - - - - - ( 2.6) 0.6 ( 2.0) - - Hedge derivatives (b) ( 0.2) ( 0.2) ( 0.4) - - 1.0 ( 0.3) 0.7 - - Amortization of losses and prior service costs (c) 51.0 ( 11.8) 39.2 - - 53.7 ( 11.2) 42.5 - - Other comprehensive income (loss) $ 46.0 $ ( 10.4) 35.6 ( 4.8) ( 7.5) $ 21.0 $ ( 11.2) 9.8 ( 9.6) ( 18.6) Total comprehensive income (loss) $ 1,137.0 $ 3.7 $ 2.5 $ 745.5 $ ( 1.4) $ ( 15.4) (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. Accumulated other comprehensive loss balances, net of tax effects, were as follows: In Millions Nov. 24, 2019 May 26, 2019 Foreign currency translation adjustments $ ( 735.5) $ ( 739.9) Unrealized loss from: Hedge derivatives ( 27.4) ( 19.4) Pension, other postretirement, and postemployment benefits: Net actuarial loss ( 1,840.2) ( 1,880.5) Prior service credits 13.3 14.4 Accumulated other comprehensive loss $ ( 2,589.8) $ ( 2,625.4)

STOCK PLANS

STOCK PLANS	6 Months Ended
	Nov. 24, 2019
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 26, 2019. 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. 24, 2019 Nov. 25, 2018 Nov. 24, 2019 Nov. 25, 2018 Compensation expense related to stock-based payments $ 19.0 $ 18.4 $ 47.8 $ 44.6 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. We recognized windfall tax benefits from stock-based payments in income tax expense in our Consolidated Statements of Earnings of $ 1.6 million for the second quarter of fiscal 2020 and $ 8.2 million for the six-month period ended November 24, 2019, compared to $ 1.9 million in the second quarter of fiscal 2019 and $ 6.7 million for the six-month period ended November 25, 2018. As of November 24, 2019, unrecognized compensation expense related to non-vested stock options, restricted stock units, and performance share units was $ 134.5 million. This expense will be recognized over 25 months, on average. Net cash proceeds from the exercise of stock options less shares used for withholding taxes and the intrinsic value of options exercised were as follows: Six-Month Period Ended In Millions Nov. 24, 2019 Nov. 25, 2018 Net cash proceeds $ 68.6 $ 87.3 Intrinsic value of options exercised $ 36.5 $ 39.0 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 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 26, 2019. The estimated fair values of stock options granted and the assumptions used for the Black-Scholes option-pricing model were as follows: Six-Month Period Ended Nov. 24, 2019 Nov. 25, 2018 Estimated fair values of stock options granted $ 7.10 $ 5.35 Assumptions: Risk-free interest rate 2.0 % 2.9 % Expected term 8.5 years 8.5 years Expected volatility 17.4 % 16.3 % Dividend yield 3.6 % 4.3 % The total grant date fair value of restricted stock unit awards that vested during the period follows: Six-Month Period Ended In Millions Nov. 24, 2019 Nov. 25, 2018 Total grant date fair value $ 50.7 $ 37.9

EARNINGS PER SHARE

EARNINGS PER SHARE	6 Months Ended
	Nov. 24, 2019
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. 24, 2019 Nov. 25, 2018 Nov. 24, 2019 Nov. 25, 2018 Net earnings attributable to General Mills $ 580.8 $ 343.4 $ 1,101.4 $ 735.7 Average number of common shares - basic EPS 607.4 599.4 606.7 598.7 Incremental share effect from: (a) Stock options 2.7 3.3 2.9 3.4 Restricted stock, restricted stock units, and other 2.2 1.8 2.2 1.7 Average number of common shares - diluted EPS 612.3 604.5 611.8 603.8 Earnings per share - basic $ 0.96 $ 0.57 $ 1.82 $ 1.23 Earnings per share - diluted $ 0.95 $ 0.57 $ 1.80 $ 1.22 (a) Incremental shares from stock options, restricted stock units, and performance share units are computed by the treasury stock method. Stock options, restricted stock units, and performance share units excluded from our computation of diluted EPS because they were not dilutive were as follows: Quarter Ended Six-Month Period Ended In Millions Nov. 24, 2019 Nov. 25, 2018 Nov. 24, 2019 Nov. 25, 2018 Anti-dilutive stock options, restricted stock units, and performance share units 10.6 14.4 10.3 14.0

STATEMENTS OF CASH FLOWS

STATEMENTS OF CASH FLOWS	6 Months Ended
	Nov. 24, 2019
Statements of Cash Flows [Abstract]
Statements of Cash Flows	(12) Statements of Cash Flows Our Consolidated Statements of Cash Flows include the following: Six-Month Period Ended In Millions Nov. 24, 2019 Nov. 25, 2018 Net cash interest payments $ 216.1 $ 252.0 Net income tax payments $ 267.0 $ 235.2

RETIREMENT AND POSTEMPLOYMENT B

RETIREMENT AND POSTEMPLOYMENT BENEFITS	6 Months Ended
	Nov. 24, 2019
Retirement and Postemployment Benefits [Abstract]
Retirement and Postemployment Benefits	(13) Retirement and Postemployment Benefits 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. 24, 2019 Nov. 25, 2018 Nov. 24, 2019 Nov. 25, 2018 Nov. 24, 2019 Nov. 25, 2018 Service cost $ 23.2 $ 23.7 $ 2.4 $ 2.7 $ 2.1 $ 1.9 Interest cost 57.7 62.0 6.8 8.2 0.6 0.8 Expected return on plan assets ( 112.5) ( 111.5) ( 10.5) ( 10.1) - - Amortization of losses (gains) 26.7 27.5 ( 0.6) 0.1 0.1 - Amortization of prior service costs (credits) 0.4 0.4 ( 1.4) ( 1.4) 0.3 0.2 Other adjustments - - - - 2.2 2.8 Net expense (income) $ ( 4.5) $ 2.1 $ ( 3.3) $ ( 0.5) $ 5.3 $ 5.7 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. 24, 2019 Nov. 25, 2018 Nov. 24, 2019 Nov. 25, 2018 Nov. 24, 2019 Nov. 25, 2018 Service cost $ 46.4 $ 47.4 $ 4.8 $ 5.1 $ 4.2 $ 3.8 Interest cost 115.3 124.0 13.6 16.5 1.3 1.5 Expected return on plan assets ( 225.0) ( 223.0) ( 21.0) ( 20.2) - - Amortization of losses (gains) 53.4 55.0 ( 1.1) 0.3 0.3 0.1 Amortization of prior service costs (credits) 0.8 0.8 ( 2.8) ( 2.8) 0.4 0.3 Other adjustments - - - - 4.4 5.6 Net expense (income) $ ( 9.1) $ 4.2 $ ( 6.5) $ ( 1.1) $ 10.6 $ 11.3

INCOME TAXES

INCOME TAXES	6 Months Ended
	Nov. 24, 2019
Income Taxes [Abstract]
Income Taxes	(14) Income Taxes During the first quarter of fiscal 2020, we reorganized certain wholly owned subsidiaries, including the movement of certain assets between legal entities. As a result of these actions, we recorded a $ 53.1 million decrease to our deferred income tax liabilities, with a corresponding discrete, non-cash reduction to income taxes in the first quarter of fiscal 2020.

CONTINGENCIES

CONTINGENCIES	6 Months Ended
	Nov. 24, 2019
Contingencies [Abstract]
Contingencies	(15) Contingencies During the second quarter of fiscal 2020, we received notice from the tax authorities of the State of São Paulo, Brazil regarding our compliance with its state sales tax requirements. As a result, we have been assessed additional state sales taxes, interest, and penalties. We believe that we have meritorious defenses against this claim and will vigorously defend our position. As of November 24, 2019, we are unable to estimate any possible loss and have not recorded a loss contingency for this matter.

BUSINESS SEGMENT AND GEOGRAPHIC

BUSINESS SEGMENT AND GEOGRAPHIC INFORMATION	6 Months Ended
	Nov. 24, 2019
Business Segment and Geographic Information [Abstract]
Business Segment and Geographic Information	(16) Business Segment and Geographic Information We operate in the packaged foods industry. Our operating segments are as follows: North America Retail; Convenience Stores & Foodservice; Europe & Australia; Asia & Latin America; and Pet. Our North America 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 segment are ready-to-eat cereals, refrigerated yogurt, soup, meal kits, refrigerated and frozen dough products, dessert and baking mixes, frozen pizza and pizza snacks, grain, fruit and savory snacks, and a wide variety of organic products including refrigerated 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 including foodservice, convenience stores, 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 reported 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 owned 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. Revenues 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 national pet superstore chains, e-commerce retailers, grocery stores, regional pet store chains, mass merchandisers, and veterinary clinics and hospitals. Our product categories 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 different 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. 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 are 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 neither maintained nor available for all operating segments. Our operating segment results were as follows: Quarter Ended Six-Month Period Ended In Millions Nov. 24, 2019 Nov. 25, 2018 Nov. 24, 2019 Nov. 25, 2018 Net sales: North America Retail $ 2,676.1 $ 2,677.1 $ 5,052.2 $ 5,064.9 Convenience Stores & Foodservice 513.5 514.4 958.5 977.6 Europe & Australia 432.9 453.8 887.0 954.5 Asia & Latin America 409.6 430.7 769.1 829.7 Pet 388.7 335.2 756.5 678.5 Total $ 4,420.8 $ 4,411.2 $ 8,423.3 $ 8,505.2 Operating profit: North America Retail $ 642.5 $ 619.8 $ 1,202.4 $ 1,167.9 Convenience Stores & Foodservice 115.2 109.6 206.3 206.7 Europe & Australia 31.4 22.5 59.0 57.0 Asia & Latin America 24.4 17.9 34.5 30.1 Pet 80.8 70.8 161.7 85.3 Total segment operating profit $ 894.3 $ 840.6 $ 1,663.9 $ 1,547.0 Unallocated corporate items 84.2 84.2 183.2 190.5 Restructuring, impairment, and other exit costs (recoveries) ( 1.1) 209.4 7.1 208.0 Operating profit $ 811.2 $ 547.0 $ 1,473.6 $ 1,148.5 Net sales for our North America Retail operating units were as follows: Quarter Ended Six-Month Period Ended In Millions Nov. 24, 2019 Nov. 25, 2018 Nov. 24, 2019 Nov. 25, 2018 U.S. Meals & Baking $ 1,164.3 $ 1,174.6 $ 1,994.9 $ 2,012.1 U.S. Cereal 571.8 543.9 1,161.7 1,128.3 U.S. Snacks 493.8 504.3 1,022.0 1,037.8 U.S. Yogurt and Other 219.0 228.1 438.2 447.2 Canada 227.2 226.2 435.4 439.5 Total $ 2,676.1 $ 2,677.1 $ 5,052.2 $ 5,064.9 Net sales by class of similar products were as follows: Quarter Ended Six-Month Period Ended In Millions Nov. 24, 2019 Nov. 25, 2018 Nov. 24, 2019 Nov. 25, 2018 Snacks $ 837.9 $ 857.5 $ 1,707.3 $ 1,745.4 Cereal 688.1 655.1 1,373.6 1,332.2 Convenient meals 686.0 675.9 1,255.2 1,257.8 Yogurt 515.1 537.7 1,010.3 1,052.5 Dough 538.4 525.3 869.0 853.7 Baking mixes and ingredients 461.3 501.6 817.0 881.9 Pet 388.7 335.2 756.5 678.5 Super-premium ice cream 192.6 202.4 419.8 450.1 Other 112.7 120.5 214.6 253.1 Total $ 4,420.8 $ 4,411.2 $ 8,423.3 $ 8,505.2 During the first quarter of fiscal 2020, we made certain changes in the classification of products and updated fiscal 2019 net sales figures to match the current-year presentation.

NEW ACCOUNTING PRONOUNCEMENTS (

NEW ACCOUNTING PRONOUNCEMENTS (Policies)	6 Months Ended
	Nov. 24, 2019
New Accounting Pronouncements [Abstract]
Derivatives [Policy Text Block]	In the first quarter of fiscal 2020, we adopted new accounting requirements for hedge accounting. The new standard amends the hedge accounting recognition and presentation requirements to better align an entity’s risk management activities and financial reporting. The new standard also simplifies the application of hedge accounting guidance. The adoption did not have a material impact on our results of operations or financial position.
Lessee Leases [Policy Text Block]	In the first quarter of fiscal 2020, we adopted new requirements for the accounting, presentation, and classification of leases. This results in certain leases being capitalized as a right of use asset with a related liability on our Consolidated Balance Sheet. We have performed a review of our lease portfolio, implemented lease accounting software, and developed a centralized business process with corresponding controls. We adopted this guidance utilizing the cumulative effect adjustment approach, which required application of the guidance at the adoption date, and elected certain practical expedients permitted under the transition guidance, including not reassessing whether existing contracts contain leases and carrying forward the historical classification of those leases. In addition, we elected not to recognize leases with an initial term of 12 months or less on our Consolidated Balance Sheet and to continue our historical treatment of land easements, under permitted elections. This guidance did not have a material impact on retained earnings, our Consolidated Statements of Earnings, or our Consolidated Statements of Cash Flows. See Note 5 to the Consolidated Financial Statements for additional information on the impact to our Consolidated Balance Sheets.

Restructuring and Other Exit _2

Restructuring and Other Exit Costs (Tables)	6 Months Ended
	Nov. 24, 2019
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. 24, 2019 Nov. 25, 2018 Nov. 24, 2019 Nov. 25, 2018 Charges associated with restructuring actions previously announced $ 10.5 $ 3.6 $ 24.8 $ 2.4 Asset impairments - 205.8 - 205.8 Total $ 10.5 $ 209.4 $ 24.8 $ 208.2
Schedule of restructuring charges and project-related costs presentation [Table Text Block]	Quarter Ended Six-Month Period Ended In Millions Nov. 24, 2019 Nov. 25, 2018 Nov. 24, 2019 Nov. 25, 2018 Cost of sales $ 11.6 $ - $ 17.7 $ 0.2 Restructuring, impairment, and other exit costs (recoveries) ( 1.1) 209.4 7.1 208.0 Total restructuring and impairment charges 10.5 209.4 24.8 208.2 Project-related costs classified in cost of sales $ 0.7 $ - $ 0.7 $ 1.2
Rollforward of restructuring and other exit cost reserves [Table Text Block]	In Millions Reserve balance as of May 26, 2019 $ 36.5 Fiscal 2020 charges, including foreign currency translation 0.8 Utilized in fiscal 2020 ( 9.8) Reserve balance as of Nov. 24, 2019 $ 27.5

Goodwill and Other Intangible_2

Goodwill and Other Intangible Assets (Tables)	6 Months Ended
	Nov. 24, 2019
Goodwill and Other Intangible Assets [Abstract]
Schedule of components of goodwill and other intangible assets [Table Text Block]	In Millions Nov. 24, 2019 May 26, 2019 Goodwill $ 13,973.9 $ 13,995.8 Other intangible assets: Intangible assets not subject to amortization: Brands and other indefinite-lived intangibles 6,580.0 6,590.8 Intangible assets subject to amortization: Franchise agreements, customer relationships, and other finite-lived intangibles 778.8 786.1 Less accumulated amortization ( 225.8) ( 210.1) Intangible assets subject to amortization, net 553.0 576.0 Other intangible assets 7,133.0 7,166.8 Total $ 21,106.9 $ 21,162.6
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 26, 2019 $ 6,406.5 $ 5,300.5 $ 918.8 $ 700.4 $ 260.2 $ 409.4 $ 13,995.8 Other activity, primarily foreign currency translation 1.2 - - ( 7.9) ( 8.6) ( 6.6) ( 21.9) Balance as of Nov. 24, 2019 $ 6,407.7 $ 5,300.5 $ 918.8 $ 692.5 $ 251.6 $ 402.8 $ 13,973.9
Schedule of changes in the carrying amount of other intangible assets [Table Text Block]	In Millions Total Balance as of May 26, 2019 $ 7,166.8 Other activity, primarily foreign currency translation ( 33.8) Balance as of Nov. 24, 2019 $ 7,133.0
Schedule of at-risk brand assets [Table Text Block]	In Millions Carrying Value of Intangible Asset Excess Fair Value as of Fiscal 2020 Test Date Europe & Australia $ 672.6 14% Progresso $ 330.0 5%

Inventories (Tables)

Inventories (Tables)	6 Months Ended
	Nov. 24, 2019
Inventories [Abstract]
Schedule of components of inventories [Table Text Block]	In Millions Nov. 24, 2019 May 26, 2019 Raw materials and packaging $ 398.0 $ 434.9 Finished goods 1,433.6 1,245.9 Grain 99.2 92.0 Excess of FIFO over LIFO cost ( 211.3) ( 213.5) Total $ 1,719.5 $ 1,559.3

Leases (Tables)

Leases (Tables)	6 Months Ended
	Nov. 24, 2019
Lessee Disclosure [Abstract]
Supplemental Lease Balance Sheet Disclosure [Table Text Block]	In Millions Classification Nov. 24, 2019 Right of use assets (a) Other assets $ 403.8 Current lease liabilities Other current liabilities 108.6 Non-current lease liabilities Other liabilities 308.5
Lease Cost [TableText Block]	Six-Month Quarter Ended Period Ended In Millions Nov. 24, 2019 Nov. 24, 2019 Operating lease cost $ 35.1 $ 68.0 Variable lease cost 4.7 9.9 Short-term lease cost 7.2 13.6
Lessee Operating Lease Liability Maturity [Table Text Block]	In Millions Fiscal 2020 (a) $ 65.7 Fiscal 2021 111.6 Fiscal 2022 93.8 Fiscal 2023 69.4 Fiscal 2024 52.8 After fiscal 2024 62.6 Total noncancelable future lease obligations $ 455.9 Less: Interest ( 38.8) Present value of lease obligations $ 417.1
Schedule Of Future Minimum Rental Payments For Operating Leases [Table Text Block]	In Millions Fiscal 2020 $ 120.0 Fiscal 2021 101.7 Fiscal 2022 85.0 Fiscal 2023 63.8 Fiscal 2024 49.1 After fiscal 2024 63.0 Total noncancelable future lease commitments $ 482.6
Lessee Operating Lease Weighted Averages [TableText Block]	Nov. 24, 2019 Weighted-average remaining lease term 4.7 years Weighted-average discount rate 4.1 %
Supplemental Cash Flow Information Related To Leases [Table Text Block]	Six-Month Period Ended In Millions Nov. 24, 2019 Cash paid for amounts included in the measurement of lease liabilities $ 64.7 Right of use assets obtained in exchange for new lease liabilities 28.2

Risk Management Activities (Tab

Risk Management Activities (Tables)	6 Months Ended
	Nov. 24, 2019
Risk Management Activities [Abstract]
Schedule of unallocated corporate items [Table Text Block]	Quarter Ended Six-Month Period Ended In Millions Nov. 24, 2019 Nov. 25, 2018 Nov. 24, 2019 Nov. 25, 2018 Net gain (loss) on mark-to-market valuation of certain commodity positions $ 9.7 $ ( 17.5) $ ( 11.0) $ ( 37.0) Net loss (gain) on commodity positions reclassified from unallocated corporate items to segment operating profit 4.0 2.2 15.3 ( 1.5) Net mark-to-market revaluation of certain grain inventories 8.9 3.5 3.3 ( 4.4) Net mark-to-market valuation of certain commodity positions recognized in unallocated corporate items $ 22.6 $ ( 11.8) $ 7.6 $ ( 42.9)

Debt (Tables)

Debt (Tables)	6 Months Ended
	Nov. 24, 2019
Debt [Abstract]
Schedule of components of notes payable [Table Text Block]	In Millions Nov. 24, 2019 May 26, 2019 U.S. commercial paper $ 1,183.5 $ 1,298.5 Financial institutions 161.6 170.2 Total $ 1,345.1 $ 1,468.7
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 24, 2019: In Billions Facility Amount Borrowed Amount Credit facility expiring: May 2022 $ 2.7 $ - September 2022 0.2 - Total committed credit facilities 2.9 - Uncommitted credit facilities 0.7 0.2 Total committed and uncommitted credit facilities $ 3.6 $ 0.2

Stockholders' Equity (Tables)

Stockholders' Equity (Tables)	6 Months Ended
	Nov. 24, 2019
Stockholders' Equity [Abstract]
Schedule of total comprehensive income [Table Text Block]	Quarter Ended Quarter Ended Nov. 24, 2019 Nov. 25, 2018 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 $ 580.8 $ 4.9 $ 5.7 $ 343.4 $ 5.1 $ 2.7 Other comprehensive income (loss): Foreign currency translation $ 1.7 $ - 1.7 ( 3.3) ( 1.2) $ 56.5 $ - 56.5 ( 8.3) ( 10.8) Other fair value changes: Hedge derivatives ( 11.6) 0.9 ( 10.7) - ( 2.1) 2.0 0.7 2.7 - ( 0.6) Reclassification to earnings: Hedge derivatives (a) 0.4 ( 0.2) 0.2 - - 0.5 ( 0.3) 0.2 - ( 0.1) Amortization of losses and prior service costs (b) 25.5 ( 5.9) 19.6 - - 26.8 ( 6.2) 20.6 - - Other comprehensive income (loss) $ 16.0 $ ( 5.2) 10.8 ( 3.3) ( 3.3) $ 85.8 $ ( 5.8) 80.0 ( 8.3) ( 11.5) Total comprehensive income (loss) $ 591.6 $ 1.6 $ 2.4 $ 423.4 $ ( 3.2) $ ( 8.8) Six-Month Period Ended Six-Month Period Ended Nov. 24, 2019 Nov. 25, 2018 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 $ 1,101.4 $ 8.5 $ 10.0 $ 735.7 $ 8.2 $ 3.2 Other comprehensive income (loss): Foreign currency translation $ 4.4 $ - 4.4 ( 4.8) ( 6.1) $ ( 40.3) $ - ( 40.3) ( 9.6) ( 18.9) Other fair value changes: Hedge derivatives ( 9.2) 1.6 ( 7.6) - ( 1.4) 9.2 ( 0.3) 8.9 - 0.3 Reclassification to earnings: Securities (a) - - - - - ( 2.6) 0.6 ( 2.0) - - Hedge derivatives (b) ( 0.2) ( 0.2) ( 0.4) - - 1.0 ( 0.3) 0.7 - - Amortization of losses and prior service costs (c) 51.0 ( 11.8) 39.2 - - 53.7 ( 11.2) 42.5 - - Other comprehensive income (loss) $ 46.0 $ ( 10.4) 35.6 ( 4.8) ( 7.5) $ 21.0 $ ( 11.2) 9.8 ( 9.6) ( 18.6) Total comprehensive income (loss) $ 1,137.0 $ 3.7 $ 2.5 $ 745.5 $ ( 1.4) $ ( 15.4)
Schedule of accumulated other comprehensive income, net of tax effects [Table Text Block]	In Millions Nov. 24, 2019 May 26, 2019 Foreign currency translation adjustments $ ( 735.5) $ ( 739.9) Unrealized loss from: Hedge derivatives ( 27.4) ( 19.4) Pension, other postretirement, and postemployment benefits: Net actuarial loss ( 1,840.2) ( 1,880.5) Prior service credits 13.3 14.4 Accumulated other comprehensive loss $ ( 2,589.8) $ ( 2,625.4)

Stock Plans (Tables)

Stock Plans (Tables)	6 Months Ended
	Nov. 24, 2019
Stock Plans [Abstract]
Schedule of compensation expense related to stock-based payments [Table Text Block]	Quarter Ended Six-Month Period Ended In Millions Nov. 24, 2019 Nov. 25, 2018 Nov. 24, 2019 Nov. 25, 2018 Compensation expense related to stock-based payments $ 19.0 $ 18.4 $ 47.8 $ 44.6
Schedule of net cash proceeds received from the exercise of stock options [Table Text Block]	Six-Month Period Ended In Millions Nov. 24, 2019 Nov. 25, 2018 Net cash proceeds $ 68.6 $ 87.3 Intrinsic value of options exercised $ 36.5 $ 39.0
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. 24, 2019 Nov. 25, 2018 Estimated fair values of stock options granted $ 7.10 $ 5.35 Assumptions: Risk-free interest rate 2.0 % 2.9 % Expected term 8.5 years 8.5 years Expected volatility 17.4 % 16.3 % Dividend yield 3.6 % 4.3 %
Schedule of information on restricted stock and performance share unit activity [Table Text Block]	The total grant date fair value of restricted stock unit awards that vested during the period follows: Six-Month Period Ended In Millions Nov. 24, 2019 Nov. 25, 2018 Total grant date fair value $ 50.7 $ 37.9

Earnings per Share (Tables)

Earnings per Share (Tables)	6 Months Ended
	Nov. 24, 2019
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. 24, 2019 Nov. 25, 2018 Nov. 24, 2019 Nov. 25, 2018 Net earnings attributable to General Mills $ 580.8 $ 343.4 $ 1,101.4 $ 735.7 Average number of common shares - basic EPS 607.4 599.4 606.7 598.7 Incremental share effect from: (a) Stock options 2.7 3.3 2.9 3.4 Restricted stock, restricted stock units, and other 2.2 1.8 2.2 1.7 Average number of common shares - diluted EPS 612.3 604.5 611.8 603.8 Earnings per share - basic $ 0.96 $ 0.57 $ 1.82 $ 1.23 Earnings per share - diluted $ 0.95 $ 0.57 $ 1.80 $ 1.22
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. 24, 2019 Nov. 25, 2018 Nov. 24, 2019 Nov. 25, 2018 Anti-dilutive stock options, restricted stock units, and performance share units 10.6 14.4 10.3 14.0

Statements of Cash Flows (Table

Statements of Cash Flows (Tables)	6 Months Ended
	Nov. 24, 2019
Statements of Cash Flows [Abstract]
Consolidated Statements of Cash Flows, Supplemental Disclosures [Table Text Block]	Six-Month Period Ended In Millions Nov. 24, 2019 Nov. 25, 2018 Net cash interest payments $ 216.1 $ 252.0 Net income tax payments $ 267.0 $ 235.2

Retirement and Postemployment_2

Retirement and Postemployment Benefits (Tables)	6 Months Ended
	Nov. 24, 2019
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. 24, 2019 Nov. 25, 2018 Nov. 24, 2019 Nov. 25, 2018 Nov. 24, 2019 Nov. 25, 2018 Service cost $ 23.2 $ 23.7 $ 2.4 $ 2.7 $ 2.1 $ 1.9 Interest cost 57.7 62.0 6.8 8.2 0.6 0.8 Expected return on plan assets ( 112.5) ( 111.5) ( 10.5) ( 10.1) - - Amortization of losses (gains) 26.7 27.5 ( 0.6) 0.1 0.1 - Amortization of prior service costs (credits) 0.4 0.4 ( 1.4) ( 1.4) 0.3 0.2 Other adjustments - - - - 2.2 2.8 Net expense (income) $ ( 4.5) $ 2.1 $ ( 3.3) $ ( 0.5) $ 5.3 $ 5.7 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. 24, 2019 Nov. 25, 2018 Nov. 24, 2019 Nov. 25, 2018 Nov. 24, 2019 Nov. 25, 2018 Service cost $ 46.4 $ 47.4 $ 4.8 $ 5.1 $ 4.2 $ 3.8 Interest cost 115.3 124.0 13.6 16.5 1.3 1.5 Expected return on plan assets ( 225.0) ( 223.0) ( 21.0) ( 20.2) - - Amortization of losses (gains) 53.4 55.0 ( 1.1) 0.3 0.3 0.1 Amortization of prior service costs (credits) 0.8 0.8 ( 2.8) ( 2.8) 0.4 0.3 Other adjustments - - - - 4.4 5.6 Net expense (income) $ ( 9.1) $ 4.2 $ ( 6.5) $ ( 1.1) $ 10.6 $ 11.3

Business Segment and Geograph_2

Business Segment and Geographic Information (Tables)	6 Months Ended
	Nov. 24, 2019
Business Segment and Geographic Information [Abstract]
Schedule of operating segment results [Table Text Block]	Quarter Ended Six-Month Period Ended In Millions Nov. 24, 2019 Nov. 25, 2018 Nov. 24, 2019 Nov. 25, 2018 Net sales: North America Retail $ 2,676.1 $ 2,677.1 $ 5,052.2 $ 5,064.9 Convenience Stores & Foodservice 513.5 514.4 958.5 977.6 Europe & Australia 432.9 453.8 887.0 954.5 Asia & Latin America 409.6 430.7 769.1 829.7 Pet 388.7 335.2 756.5 678.5 Total $ 4,420.8 $ 4,411.2 $ 8,423.3 $ 8,505.2 Operating profit: North America Retail $ 642.5 $ 619.8 $ 1,202.4 $ 1,167.9 Convenience Stores & Foodservice 115.2 109.6 206.3 206.7 Europe & Australia 31.4 22.5 59.0 57.0 Asia & Latin America 24.4 17.9 34.5 30.1 Pet 80.8 70.8 161.7 85.3 Total segment operating profit $ 894.3 $ 840.6 $ 1,663.9 $ 1,547.0 Unallocated corporate items 84.2 84.2 183.2 190.5 Restructuring, impairment, and other exit costs (recoveries) ( 1.1) 209.4 7.1 208.0 Operating profit $ 811.2 $ 547.0 $ 1,473.6 $ 1,148.5 Quarter Ended Six-Month Period Ended In Millions Nov. 24, 2019 Nov. 25, 2018 Nov. 24, 2019 Nov. 25, 2018 U.S. Meals & Baking $ 1,164.3 $ 1,174.6 $ 1,994.9 $ 2,012.1 U.S. Cereal 571.8 543.9 1,161.7 1,128.3 U.S. Snacks 493.8 504.3 1,022.0 1,037.8 U.S. Yogurt and Other 219.0 228.1 438.2 447.2 Canada 227.2 226.2 435.4 439.5 Total $ 2,676.1 $ 2,677.1 $ 5,052.2 $ 5,064.9
Net sales by class of similar products [Table Text Block]	Quarter Ended Six-Month Period Ended In Millions Nov. 24, 2019 Nov. 25, 2018 Nov. 24, 2019 Nov. 25, 2018 Snacks $ 837.9 $ 857.5 $ 1,707.3 $ 1,745.4 Cereal 688.1 655.1 1,373.6 1,332.2 Convenient meals 686.0 675.9 1,255.2 1,257.8 Yogurt 515.1 537.7 1,010.3 1,052.5 Dough 538.4 525.3 869.0 853.7 Baking mixes and ingredients 461.3 501.6 817.0 881.9 Pet 388.7 335.2 756.5 678.5 Super-premium ice cream 192.6 202.4 419.8 450.1 Other 112.7 120.5 214.6 253.1 Total $ 4,420.8 $ 4,411.2 $ 8,423.3 $ 8,505.2

Restructuring and Other Exit _3

Restructuring and Other Exit Costs (Narrative) (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Nov. 24, 2019	Nov. 25, 2018	Nov. 24, 2019	Nov. 25, 2018
Restructuring and Related Cost [Line Items]
Restructuring charges (recoveries), impairment, and other exit costs	$ 10.5	$ 209.4	$ 24.8	$ 208.2
Impairment charges		192.6
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 charges (recoveries), impairment, and other exit costs	$ 10.5	$ 3.6	24.8	2.4
Cash payments for restructuring			$ 13.5	$ 29.2

Restructuring and Other Exit _4

Restructuring and Other Exit Costs (Schedule of restructuring charges) (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Nov. 24, 2019	Nov. 25, 2018	Nov. 24, 2019	Nov. 25, 2018
Restructuring and Related Cost [Line Items]
Restructuring charges (recoveries), impairment, and other exit costs	$ 10.5	$ 209.4	$ 24.8	$ 208.2
Restructuring actions previously announced [Member]
Restructuring and Related Cost [Line Items]
Restructuring charges (recoveries), impairment, and other exit costs	10.5	3.6	24.8	2.4
Asset impairments
Restructuring and Related Cost [Line Items]
Restructuring charges (recoveries), impairment, and other exit costs	$ 0	$ 205.8	$ 0	$ 205.8

Restructuring and Other Exit _5

Restructuring and Other Exit Costs (Schedule of restructuring charges classification) (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Nov. 24, 2019	Nov. 25, 2018	Nov. 24, 2019	Nov. 25, 2018
Restructuring and Related Cost [Line Items]
Restructuring charges (recoveries), impairment, and other exit costs	$ 10.5	$ 209.4	$ 24.8	$ 208.2
Project-related costs classified in cost of sales	0.7	0	0.7	1.2
Cost of Sales [Member]
Restructuring and Related Cost [Line Items]
Restructuring charges (recoveries), impairment, and other exit costs	11.6	0	17.7	0.2
Restructuring, Impairment, and Other Exit Costs [Member]
Restructuring and Related Cost [Line Items]
Restructuring charges (recoveries), impairment, and other exit costs	$ (1.1)	$ 209.4	$ 7.1	$ 208

Restructuring and Other Exit _6

Restructuring and Other Exit Costs (Schedule of restructuring and other exit cost reserves) (Details) $ in Millions	6 Months Ended
	Nov. 24, 2019USD ($)
Restructuring Reserve [Roll Forward]
Restructuring Reserve, Beginning Balance	$ 36.5
Restructuring charges paid out of reserve, including foreign currency translation	0.8
Restructuring reserve utilized	(9.8)
Restructuring Reserve, Ending Balance	$ 27.5

Goodwill and Other Intangible_3

Goodwill and Other Intangible Assets (Narrative) (Details) $ in Millions	Nov. 24, 2019USD ($)
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

Goodwill and Other Intangible_4

Goodwill and Other Intangible Assets (Schedule of components of goodwill and other intangible assets) (Details) - USD ($) $ in Millions	Nov. 24, 2019	May 26, 2019
Goodwill and Other Intangible Assets [Abstract]
Goodwill	$ 13,973.9	$ 13,995.8
Intangible assets not subject to amortization:
Brands and other indefinite-lived intangibles	6,580	6,590.8
Intangible assets subject to amortization:
Franchise agreements, customer relationships, and other finite-lived intangibles	778.8	786.1
Less accumulated amortization	(225.8)	(210.1)
Intangible assets subject to amortization, net	553	576
Other intangible assets	7,133	7,166.8
Total	$ 21,106.9	$ 21,162.6

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. 24, 2019USD ($)
Goodwill [Line Items]
Beginning balance	$ 13,995.8
Other activity, primarily foreign currency translation	(21.9)
Ending balance	13,973.9
North America Retail [Member]
Goodwill [Line Items]
Beginning balance	6,406.5
Other activity, primarily foreign currency translation	1.2
Ending balance	6,407.7
Pet [Member]
Goodwill [Line Items]
Beginning balance	5,300.5
Other activity, primarily foreign currency translation	0
Ending balance	5,300.5
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	700.4
Other activity, primarily foreign currency translation	(7.9)
Ending balance	692.5
Asia & Latin America [Member]
Goodwill [Line Items]
Beginning balance	260.2
Other activity, primarily foreign currency translation	(8.6)
Ending balance	251.6
Joint Ventures [Member]
Goodwill [Line Items]
Beginning balance	409.4
Other activity, primarily foreign currency translation	(6.6)
Ending balance	$ 402.8

Goodwill and Other Intangible_6

Goodwill and Other Intangible Assets (Schedule of changes in the carrying amount of other intangible assets) (Details) $ in Millions	6 Months Ended
	Nov. 24, 2019USD ($)
Indefinite-lived Intangible Assets [Line Items]
Beginning balance	$ 7,166.8
Other activity, primarily foreign currency translation	(33.8)
Ending balance	$ 7,133

Goodwill and Other Intangible_7

Goodwill and Other Intangible Assets (Schedule of at-risk brand intangible assets) (Details) - USD ($) $ in Millions	3 Months Ended
	Nov. 24, 2019	May 26, 2019
Indefinite-lived Intangible Assets [Line Items]
Carrying Value of Intangible Asset	$ 7,133	$ 7,166.8
Europe & Australia [Member]
Indefinite-lived Intangible Assets [Line Items]
Carrying Value of Intangible Asset	$ 672.6
Excess Fair Value as of Test Date, Percentage	14.00%
Progresso [Member]
Indefinite-lived Intangible Assets [Line Items]
Carrying Value of Intangible Asset	$ 330
Excess Fair Value as of Test Date, Percentage	5.00%

Inventories (Details)

Inventories (Details) - USD ($) $ in Millions	Nov. 24, 2019	May 26, 2019
Inventories [Abstract]
Raw materials and packaging	$ 398	$ 434.9
Finished goods	1,433.6	1,245.9
Grain	99.2	92
Excess of FIFO over LIFO cost	(211.3)	(213.5)
Total	$ 1,719.5	$ 1,559.3

Leases (Narrative) (Details)

Leases (Narrative) (Details) - USD ($) $ in Millions	12 Months Ended
	May 26, 2019	Nov. 24, 2019
Lessee Disclosure [Abstract]
Operating Leases Rent Expense Net	$ 184.9
Lessee Operating Lease Signed Not Yet Commenced Amount		$ 12.4

Leases (Schedule of supplementa

Leases (Schedule of supplemental information to Consolidated Balance Sheet related to operating leases) (Details) $ in Millions	Nov. 24, 2019USD ($)
Lessee Disclosure [Abstract]
Right of use assets	$ 403.8	[1]
Operating Lease, Right-of-Use Asset, Statement of Financial Position [Extensible List]	us-gaap:OtherAssets
Current lease liabilities	$ 108.6
Operating Lease, Liability, Current, Statement of Financial Position [Extensible List]	Other current liabilities
Non-current lease liabilities	$ 308.5
Operating Lease, Liability, Noncurrent, Statement of Financial Position [Extensible List]	us-gaap:OtherLiabilities
[1]	Net of accumulated amortization

Leases (Schedule of components

Leases (Schedule of components of lease cost ) (Details) - USD ($) $ in Millions	3 Months Ended	6 Months Ended
	Nov. 24, 2019	Nov. 24, 2019
Lessee Disclosure [Abstract]
Operating lease cost	$ 35.1	$ 68
Variable lease cost	4.7	9.9
Short-term lease cost	$ 7.2	$ 13.6

Leases (Schedule of maturities

Leases (Schedule of maturities of operating lease liabilities ) (Details) $ in Millions	Nov. 24, 2019USD ($)
Lessee Disclosure [Abstract]
Fiscal 2020	$ 65.7	[1]
Fiscal 2021	111.6
Fiscal 2022	93.8
Fiscal 2023	69.4
Fiscal 2024	52.8
Fiscal 2025 and beyond	62.6
Total lease payments	$ 455.9
[1]	Excludes the six-month period ended November 24, 2019

Leases (Schedule of maturitie_2

Leases (Schedule of maturities of operating lease liabilities - Present value of lease liabilities) (Details) $ in Millions	Nov. 24, 2019USD ($)
Lessee Disclosure [Abstract]
Less: Interest	$ (38.8)
Present value of lease liabilities	417.1
Total lease payments	$ 455.9

Leases (Schedule of noncancelab

Leases (Schedule of noncancelable future operating lease commitments) (Details) $ in Millions	May 26, 2019USD ($)
Lessee Disclosure [Abstract]
Fiscal 2020	$ 120
Fiscal 2021	101.7
Fiscal 2022	85
Fiscal 2023	63.8
Fiscal 2024	49.1
After fiscal 2024	63
Total noncancelable future lease commitments	$ 482.6

Leases (Schedule of weighted-av

Leases (Schedule of weighted-average remaining lease term and weighted-average discount rate for operating leases) (Details)	Nov. 24, 2019
Lessee Disclosure [Abstract]
Weighted-average remaining lease term	4 years 8 months 12 days
Weighted-average discount rate	4.10%

Leases (Schedule of supplemen_2

Leases (Schedule of supplemental operating cash flow information and non-cash activity related to our operating leases) (Details) $ in Millions	6 Months Ended
	Nov. 24, 2019USD ($)
Lessee Disclosure [Abstract]
Cash paid for amounts included in the measurement of lease liabilities	$ 64.7
Right-of-use assets obtained in exchange for new lease liabilities	$ 28.2

Risk Management Activities (Nar

Risk Management Activities (Narrative) (Details) $ in Millions	3 Months Ended	6 Months Ended
	Nov. 24, 2019USD ($)	Nov. 24, 2019USD ($)
Credit Risk [Abstract]
Accounts Payable to Suppliers that Utilize Third Party Service	$ 1,279.2	$ 1,279.2
Swap [Member]
Derivative [Line Items]
Derivative, Notional Amount	500	500
Credit Risk [Abstract]
Floating rate notes	$ 850	850
Debt Instrument, Description	interest rate swap to convert a portion of our $850 million floating-rate notes due April 16, 2021, to fixed rate.
Maturity date	Apr. 16, 2021
Commodity Contracts [Member]
Derivative [Line Items]
Derivative, Notional Amount	$ 260.3	$ 260.3
Derivative Contracts Inputs, Average Period of Utilization		12 months
Energy Related Derivative [Member]
Derivative [Line Items]
Derivative, Notional Amount	91.8	$ 91.8
Agricultural Related Derivative [Member]
Derivative [Line Items]
Derivative, Notional Amount	$ 168.5	$ 168.5

Risk Management Activities (Sch

Risk Management Activities (Schedule of unallocated corporate items) (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Nov. 24, 2019	Nov. 25, 2018	Nov. 24, 2019	Nov. 25, 2018
Commodity Price Risk [Abstract]
Net gain (loss) on mark-to-market valuation of certain commodity positions	$ 9.7	$ (17.5)	$ (11)	$ (37)
Net loss (gain) on commodity positions reclassified from unallocated corporate items to segment operating profit	4	2.2	15.3	(1.5)
Net mark-to-market revaluation of certain grain inventories	8.9	3.5	3.3	(4.4)
Net mark-to-market valuation of certain commodity positions recognized in unallocated corporate items	$ 22.6	$ (11.8)	$ 7.6	$ (42.9)

Debt (Narrative) (Details)

Debt (Narrative) (Details) € in Millions, $ in Millions	3 Months Ended			6 Months Ended
	Nov. 24, 2019USD ($)	May 26, 2019EUR (€)	Feb. 24, 2019USD ($)	Nov. 24, 2019USD ($)	Nov. 25, 2018USD ($)
Debt Instrument [Line Items]
Long-term debt, fair value	$ 13,285.2			$ 13,285.2
Repayment of long-term debt				$ 509.3	$ 0.4
Long-term Debt Agreements Containing Restrictive Covenants [Member]
Debt Instrument [Line Items]
Covenant compliance				We were in compliance with all credit facility covenants as of November 24, 2019
5.65% Fixed Rate Note [Member]
Debt Instrument [Line Items]
Repayment of long-term debt			$ 1,150
Fixed interest rate percentage			5.65%
0.0% Fixed Rate Notes Due Jan. 15 2020 [Member]
Debt Instrument [Line Items]
Issuance of long-term debt | €		€ 300
Fixed interest rate percentage		0.00%
2.2% Fixed Rate Note [Member]
Debt Instrument [Line Items]
Repayment of long-term debt	$ 500
Fixed interest rate percentage	2.20%			2.20%
Floating Rate Notes [Member]
Debt Instrument [Line Items]
Repayment of long-term debt | €		€ 300
Fair Value Inputs Level 2 [Member]
Debt Instrument [Line Items]
Long-term debt, carrying value	$ 12,490.3			$ 12,490.3

Debt (Schedule of short-term de

Debt (Schedule of short-term debt) (Details) - USD ($) $ in Millions	Nov. 24, 2019	May 26, 2019
Short-term Debt [Line Items]
Notes payable	$ 1,345.1	$ 1,468.7
Commercial Paper [Member]
Short-term Debt [Line Items]
Notes payable	1,183.5	1,298.5
Financial Institutions [Member]
Short-term Debt [Line Items]
Notes payable	$ 161.6	$ 170.2

Debt (Schedule of credit facili

Debt (Schedule of credit facilities) (Details) $ in Billions	6 Months Ended
	Nov. 24, 2019USD ($)
Line Of Credit Facility [Line Items]
Facility Amount	$ 3.6
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 September 2022 [Member]
Line Of Credit Facility [Line Items]
Facility Amount	$ 0.2
Borrowed Amount	$ 0
Expiration date of credit facility	Sep. 17, 2022
Uncommitted Credit Facilities [Member]
Line Of Credit Facility [Line Items]
Facility Amount	$ 0.7
Borrowed Amount	$ 0.2

Redeemable and Noncontrolling_2

Redeemable and Noncontrolling Interests (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Nov. 24, 2019	Nov. 25, 2018	Nov. 24, 2019	Nov. 25, 2018	Aug. 25, 2019	May 26, 2019	Aug. 26, 2018	May 27, 2018	Jul. 01, 2011
Noncontrolling Interest [Line Items]
Redeemable interest value	$ 545.1		$ 545.1			$ 551.7	$ 771.6
Noncontrolling interests	$ 308.3		308.3			313.2
Noncontrolling interests covenant compliancee	Our noncontrolling interests contain restrictive covenants. As of November 24, 2019, 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%
Sodiaal International Redeemable Interest [Member]
Noncontrolling Interest [Line Items]
Redeemable interest value	$ 545.1	$ 547.6	$ 545.1	$ 547.6	$ 547.8	$ 551.7	$ 771.6	$ 776.2
Increase in investment in redeemable interest		55.7
Sodiaal International Redeemable Interest [Member] | Yoplait SAS [Member]
Noncontrolling Interest [Line Items]
Redeemable interest value									$ 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			$ 95.8	$ 107.8
Sodiaal International Noncontrolling Interest [Member] | Yoplait Marques SNC and Liberte Marques Sarl [Member]
Noncontrolling Interest [Line Items]
Ownership interest percentage held by noncontrolling owners	50.00%		50.00%
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
	Nov. 24, 2019		Aug. 25, 2019	Nov. 25, 2018		Aug. 26, 2018	Nov. 24, 2019		Nov. 25, 2018
Net earnings attributable to General Mills	$ 580.8			$ 343.4			$ 1,101.4		$ 735.7
Net earnings attributable to redeemable and noncontrolling interests	10.6			7.8			18.5		11.4
Other Comprehensive Income (Loss), Net of Tax:
Foreign currency translation	(2.8)			37.4			(6.5)		(68.8)
Other fair value changes:
Hedge derivatives	(12.8)			2.1			(9)		9.2
Reclassification to earnings:
Securities	0			0			0		(2)
Hedge derivatives	0.2			0.1			(0.4)		0.7
Amortization of losses and prior service costs	19.6			20.6			39.2		42.5
Other comprehensive income (loss), net of tax	4.2			60.2			23.3		(18.4)
Total comprehensive income (loss) attributable to General Mills	591.6			423.4			1,137		745.5
Total comprehensive income (loss) attributable to redeemable interests				(8.8)		$ (6.6)
General Mills [Member]
Net earnings attributable to General Mills	580.8			343.4			1,101.4		735.7
Other Comprehensive Income (Loss), Pretax:
Foreign currency translation	1.7			56.5			4.4		(40.3)
Other fair value changes:
Hedge derivatives	(11.6)			2			(9.2)		9.2
Reclassification to earnings:
Securities							0		(2.6)	[1]
Hedge derivatives	0.4	[2]		0.5	[2]		(0.2)	[3]	1	[3]
Amortization of losses and prior service costs	25.5	[4]		26.8	[4]		51	[5]	53.7	[5]
Other comprehensive income (loss), before tax	16			85.8			46		21
Other Comprehensive Income (Loss), Tax:
Foreign currency translation	0			0			0		0
Other fair value changes:
Hedge derivatives	0.9			0.7			1.6		(0.3)
Reclassification to earnings:
Securities							0		0.6	[1]
Hedge derivatives	(0.2)	[2]		(0.3)	[2]		(0.2)	[3]	(0.3)	[3]
Amortization of losses and prior service costs	(5.9)	[4]		(6.2)	[4]		(11.8)	[5]	(11.2)	[5]
Other comprehensive income (loss), tax	(5.2)			(5.8)			(10.4)		(11.2)
Other Comprehensive Income (Loss), Net of Tax:
Foreign currency translation	1.7			56.5			4.4		(40.3)
Other fair value changes:
Hedge derivatives	(10.7)			2.7			(7.6)		8.9
Reclassification to earnings:
Securities							0		(2)	[1]
Hedge derivatives	0.2	[2]		0.2	[2]		(0.4)	[3]	0.7	[3]
Amortization of losses and prior service costs	19.6	[4]		20.6	[4]		39.2	[5]	42.5	[5]
Other comprehensive income (loss), net of tax	10.8			80			35.6		9.8
Total comprehensive income (loss) attributable to General Mills	591.6			423.4			1,137		745.5
Noncontrolling Interests [Member]
Net earnings attributable to redeemable and noncontrolling interests	4.9			5.1			8.5		8.2
Other Comprehensive Income (Loss), Net of Tax:
Foreign currency translation	(3.3)			(8.3)			(4.8)		(9.6)
Other fair value changes:
Hedge derivatives	0			0			0		0
Reclassification to earnings:
Securities							0		0
Hedge derivatives	0			0			0		0
Amortization of losses and prior service costs	0			0			0		0
Other comprehensive income (loss), net of tax	(3.3)			(8.3)			(4.8)		(9.6)
Total comprehensive income (loss) attributable to noncontrolling interests	1.6			(3.2)			3.7		(1.4)
Redeemable Interests [Member]
Net earnings attributable to redeemable and noncontrolling interests	5.7			2.7			10		3.2
Other Comprehensive Income (Loss), Net of Tax:
Foreign currency translation	(1.2)			(10.8)			(6.1)		(18.9)
Other fair value changes:
Hedge derivatives	(2.1)			(0.6)			(1.4)		0.3
Reclassification to earnings:
Securities							0		0
Hedge derivatives	0			(0.1)	[2]		0		0
Amortization of losses and prior service costs	0			0			0		0
Other comprehensive income (loss), net of tax	(3.3)			(11.5)			(7.5)		(18.6)
Total comprehensive income (loss) attributable to redeemable interests	$ 2.4		$ 0.1	$ (8.8)		$ (6.6)	$ 2.5		$ (15.4)
[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.
[5]	Loss reclassified from AOCI into earnings is reported in benefit plan non-service income.

Stockholders' Equity (Schedul_2

Stockholders' Equity (Schedule of accumulated other income income (loss)) (Details) - USD ($) $ in Millions	Nov. 24, 2019	May 26, 2019
Accumulated Other Comprehensive Loss, Net of Tax Effects [Abstract]
Foreign currency translation adjustments	$ (735.5)	$ (739.9)
Unrealized gain (loss) from:
Hedge derivatives	(27.4)	(19.4)
Pension, other postretirement, and postemployment benefits:
Net actuarial loss	(1,840.2)	(1,880.5)
Prior service credits	13.3	14.4
Accumulated other comprehensive loss	$ (2,589.8)	$ (2,625.4)

Stock Plans (Narrative) (Detail

Stock Plans (Narrative) (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Nov. 24, 2019	Nov. 25, 2018	Nov. 24, 2019	Nov. 25, 2018
Share-based Compensation Allocation and Classification in Financial Statements [Abstract]
Recognized tax windfall benefits related to the exercise of stock-based awards	$ (1.6)	$ (1.9)	$ (8.2)	$ (6.7)
Unrecognized compensation expense related to non-vested stock options, restricted stock, and performance share units	$ 134.5		$ 134.5
Unrecognized compensation expense on non-vested awards weighted average period of recognition	25 months
Share-based Compensation Arrangement by Share-based Payment Award, Options, Additional Disclosures [Abstract]
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Method Used	We estimate the fair value of each stock option on the grant date using a Black-Scholes option-pricing model. Black-Scholes option-pricing models require us to make predictive assumptions regarding future stock price volatility, employee exercise behavior, and dividend yield. We estimate our future stock price volatility using the historical volatility over the expected term of the option, excluding time periods of volatility we believe a marketplace participant would exclude in estimating our stock price volatility. We also have considered, but did not use, implied volatility in our estimate, because trading activity in options on our stock, especially those with tenors of greater than 6 months, is insufficient to provide a reliable measure of expected volatility. Our method of selecting the other valuation assumptions is explained in Note 11 to the Consolidated Financial Statements included in our Annual Report on Form 10-K for the fiscal year ended May 26, 2019.

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. 24, 2019	Nov. 25, 2018	Nov. 24, 2019	Nov. 25, 2018
Stock Plans [Abstract]
Compensation expense related to stock-based payments	$ 19	$ 18.4	$ 47.8	$ 44.6

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. 24, 2019	Nov. 25, 2018
Stock Plans [Abstract]
Net cash proceeds	$ 68.6	$ 87.3
Intrinsic value of options exercised	$ 36.5	$ 39

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. 24, 2019	Nov. 25, 2018
Stock Plans [Abstract]
Estimated fair values of stock options granted	$ 7.10	$ 5.35
Assumptions:
Risk-free interest rate	2.00%	2.90%
Expected term	8 years 6 months	8 years 6 months
Expected volatility	17.40%	16.30%
Dividend yield	3.60%	4.30%

Stock Plans (Schedule of inform

Stock Plans (Schedule of information on restricted stock and performance award unit activity) (Details) - USD ($) $ in Millions	6 Months Ended
	Nov. 24, 2019	Nov. 25, 2018
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other Than Options, Additional Disclosures [Abstract]
Total grant-date fair value	$ 50.7	$ 37.9

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. 24, 2019	Nov. 25, 2018	Nov. 24, 2019	Nov. 25, 2018
Earnings Per Share [Abstract]
Net earnings attributable to General Mills		$ 580.8	$ 343.4	$ 1,101.4	$ 735.7
Average number of common shares - basic EPS		607.4	599.4	606.7	598.7
Earnings Per Share, Basic and Diluted [Abstract]
Average number of common shares - diluted EPS		612.3	604.5	611.8	603.8
Earnings per share - basic		$ 0.96	$ 0.57	$ 1.82	$ 1.23
Earnings per share - diluted		$ 0.95	$ 0.57	$ 1.80	$ 1.22
Other Disclosures [Abstract]
Anti-dilutive stock options, restricted stock units and performance share units		10.6	14.4	10.3	14
Stock Options [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Incremental share effect	[1]	2.7	3.3	2.9	3.4
Restricted Stock, Restricted Stock Units, and Other [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Incremental share effect	[1]	2.2	1.8	2.2	1.7
[1]	Incremental shares from stock options, restricted stock units, and performance share units are computed by the treasury stock method.

Statements of Cash Flows (Detai

Statements of Cash Flows (Details) - USD ($) $ in Millions	6 Months Ended
	Nov. 24, 2019	Nov. 25, 2018
Statements of Cash Flows [Abstract]
Net cash interest payments	$ 216.1	$ 252
Net income tax payments	$ 267	$ 235.2

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. 24, 2019	Nov. 25, 2018	Nov. 24, 2019	Nov. 25, 2018
Defined Benefit Pension Plans [Member]
Defined Benefit Plan Disclosure [Line Items]
Service cost	$ 23.2	$ 23.7	$ 46.4	$ 47.4
Interest cost	57.7	62	115.3	124
Expected return on plan assets	(112.5)	(111.5)	(225)	(223)
Amortization of losses	26.7	27.5	53.4	55
Amortization of prior service costs (credits)	0.4	0.4	0.8	0.8
Other adjustments	0	0	0	0
Net expense (income)	(4.5)	2.1	(9.1)	4.2
Other Postretirement Benefit Plans [Member]
Defined Benefit Plan Disclosure [Line Items]
Service cost	2.4	2.7	4.8	5.1
Interest cost	6.8	8.2	13.6	16.5
Expected return on plan assets	(10.5)	(10.1)	(21)	(20.2)
Amortization of losses	(0.6)	0.1	(1.1)	0.3
Amortization of prior service costs (credits)	(1.4)	(1.4)	(2.8)	(2.8)
Other adjustments	0	0	0	0
Net expense (income)	(3.3)	(0.5)	(6.5)	(1.1)
Postemployment Benefit Plans [Member]
Defined Benefit Plan Disclosure [Line Items]
Service cost	2.1	1.9	4.2	3.8
Interest cost	0.6	0.8	1.3	1.5
Expected return on plan assets	0	0	0	0
Amortization of losses	0.1	0	0.3	0.1
Amortization of prior service costs (credits)	0.3	0.2	0.4	0.3
Other adjustments	2.2	2.8	4.4	5.6
Net expense (income)	$ 5.3	$ 5.7	$ 10.6	$ 11.3

Income Taxes (Narrative) (Detai

Income Taxes (Narrative) (Details) $ in Millions	3 Months Ended
	Aug. 25, 2019USD ($)
Income Taxes [Abstract]
Deferred Other Tax Expense Benefit	$ 53.1

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. 24, 2019	Nov. 25, 2018	Nov. 24, 2019	Nov. 25, 2018
Segment Reporting Information [Line Items]
Net sales	$ 4,420.8	$ 4,411.2	$ 8,423.3	$ 8,505.2
Operating profit	811.2	547	1,473.6	1,148.5
Restructuring, impairment, and other exit costs (recoveries)	(1.1)	209.4	7.1	208
Operating Segments [Member]
Segment Reporting Information [Line Items]
Net sales	4,420.8	4,411.2	8,423.3	8,505.2
Operating profit	894.3	840.6	1,663.9	1,547
Unallocated Corporate Items [Member]
Segment Reporting Information [Line Items]
Operating profit	84.2	84.2	183.2	190.5
North America Retail [Member] | Operating Segments [Member]
Segment Reporting Information [Line Items]
Net sales	2,676.1	2,677.1	5,052.2	5,064.9
Operating profit	642.5	619.8	1,202.4	1,167.9
U.S. Meals & Baking [Member] | Operating Segments [Member]
Segment Reporting Information [Line Items]
Net sales	1,164.3	1,174.6	1,994.9	2,012.1
U.S. Cereal [Member] | Operating Segments [Member]
Segment Reporting Information [Line Items]
Net sales	571.8	543.9	1,161.7	1,128.3
U.S. Snacks [Member] | Operating Segments [Member]
Segment Reporting Information [Line Items]
Net sales	493.8	504.3	1,022	1,037.8
U.S. Yogurt & Other [Member] | Operating Segments [Member]
Segment Reporting Information [Line Items]
Net sales	219	228.1	438.2	447.2
Canada [Member] | Operating Segments [Member]
Segment Reporting Information [Line Items]
Net sales	227.2	226.2	435.4	439.5
Convenience Stores & Foodservice [Member] | Operating Segments [Member]
Segment Reporting Information [Line Items]
Net sales	513.5	514.4	958.5	977.6
Operating profit	115.2	109.6	206.3	206.7
Europe & Australia [Member] | Operating Segments [Member]
Segment Reporting Information [Line Items]
Net sales	432.9	453.8	887	954.5
Operating profit	31.4	22.5	59	57
Asia & Latin America [Member] | Operating Segments [Member]
Segment Reporting Information [Line Items]
Net sales	409.6	430.7	769.1	829.7
Operating profit	24.4	17.9	34.5	30.1
Pet [Member] | Operating Segments [Member]
Segment Reporting Information [Line Items]
Net sales	388.7	335.2	756.5	678.5
Operating profit	$ 80.8	$ 70.8	$ 161.7	$ 85.3

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. 24, 2019	Nov. 25, 2018	Nov. 24, 2019	Nov. 25, 2018
Product Information [Line Items]
Net sales	$ 4,420.8	$ 4,411.2	$ 8,423.3	$ 8,505.2
Snacks [Member]
Product Information [Line Items]
Net sales	837.9	857.5	1,707.3	1,745.4
Cereal [Member]
Product Information [Line Items]
Net sales	688.1	655.1	1,373.6	1,332.2
Convenient meals [Member]
Product Information [Line Items]
Net sales	686	675.9	1,255.2	1,257.8
Yogurt [Member]
Product Information [Line Items]
Net sales	515.1	537.7	1,010.3	1,052.5
Dough [Member]
Product Information [Line Items]
Net sales	538.4	525.3	869	853.7
Baking mixes and ingredients [Member]
Product Information [Line Items]
Net sales	461.3	501.6	817	881.9
Pet [Member]
Product Information [Line Items]
Net sales	388.7	335.2	756.5	678.5
Super-premium ice cream [Member]
Product Information [Line Items]
Net sales	192.6	202.4	419.8	450.1
Other [Member]
Product Information [Line Items]
Net sales	$ 112.7	$ 120.5	$ 214.6	$ 253.1