General Mills (GIS) 10-Q 23 Mar 22 2022 Q3 Quarterly report Financial data

Cover

Cover - shares	9 Months Ended
	Feb. 27, 2022	Mar. 14, 2022
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	Feb. 27, 2022
Document Fiscal Period Focus	Q3
Document Fiscal Year Focus	2022
Current Fiscal Year End Date	--05-29
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		602,212,031
Shares held in the treasury		152,401,297
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
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
0.125% Notes due 2025 [Member]
Entity Listings [Line Items]
Security 12b Title	0.125% Notes due 2025
Trading Symbol	GIS25A
Security Exchange Name	NYSE
0.450% Notes due 2026 [Member]
Entity Listings [Line Items]
Security 12b Title	0.450% Notes due 2026
Trading Symbol	GIS26
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		9 Months Ended
	Feb. 27, 2022	Feb. 28, 2021	Feb. 27, 2022	Feb. 28, 2021
CONSOLIDATED STATEMENTS OF EARNINGS [ABSTRACT]
Net sales	$ 4,537.7	$ 4,520	$ 14,101.6	$ 13,603.4
Cost of sales	3,134	2,966.1	9,469.3	8,738
Selling, general, and administrative expenses	751.4	716.3	2,337.6	2,256.6
Divestitures gain	(170.1)	0	(170.1)	0
Restructuring, impairment, and other exit costs	7.1	11	5.1	11.9
Operating profit	815.3	826.6	2,459.7	2,596.9
Benefit plan non-service income	(27.1)	(33.4)	(84.4)	(99.6)
Interest, net	86.5	106	275.1	317.7
Earnings before income taxes and after-tax earnings from joint ventures	755.9	754	2,269	2,378.8
Income taxes	123.2	162	451.8	522.2
After-tax earnings from joint ventures	29.9	11.8	92	89.5
Net earnings, including earnings attributable to redeemable and noncontrolling interests	662.6	603.8	1,909.2	1,946.1
Net earnings attributable to redeemable and noncontrolling interests	2.3	8.1	24.7	23.1
Net earnings attributable to General Mills	$ 660.3	$ 595.7	$ 1,884.5	$ 1,923
Earnings per share - basic	$ 1.09	$ 0.97	$ 3.10	$ 3.13
Earnings per share - diluted	$ 1.08	$ 0.96	$ 3.07	$ 3.10

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income (Unaudited) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Feb. 27, 2022	Feb. 28, 2021	Feb. 27, 2022	Feb. 28, 2021
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME [ABSTRACT]
Net earnings, including earnings attributable to redeemable and noncontrolling interests	$ 662.6	$ 603.8	$ 1,909.2	$ 1,946.1
Other comprehensive (loss) income, net of tax:
Foreign currency translation	(122.5)	12.5	(184.9)	102.4
Other fair value changes:
Hedge derivatives	(30.8)	0.1	(10.4)	(10.1)
Reclassification to earnings:
Foreign currency translation	342.2	0	342.2	0
Amortization of losses and prior service costs	22.3	19.8	53.5	59.1
Hedge derivatives	30.2	5.4	34.4	4.7
Other comprehensive (loss) income, net of tax	241.4	37.8	234.8	156.1
Total comprehensive income	904	641.6	2,144	2,102.2
Comprehensive income (loss) attributable to redeemable and noncontrolling interests	2.3	21	(47)	107.5
Comprehensive income attributable to General Mills	$ 901.7	$ 620.6	$ 2,191	$ 1,994.7

Consolidated Balance Sheets (Un

Consolidated Balance Sheets (Unaudited) - USD ($) $ in Millions	Feb. 27, 2022	May 30, 2021
Current assets:
Cash and cash equivalents	$ 844.4	$ 1,505.2
Receivables	1,750.4	1,638.5
Inventories	1,710	1,820.5
Prepaid expenses and other current assets	723.8	790.3
Total current assets	5,028.6	5,754.5
Land, buildings, and equipment	3,287.9	3,606.8
Goodwill	14,546.7	14,062.4
Other intangible assets	7,010.9	7,150.6
Other assets	1,269.7	1,267.6
Total assets	31,143.8	31,841.9
Current liabilities:
Accounts payable	3,474.6	3,653.5
Current portion of long-term debt	600.7	2,463.8
Notes payable	724.3	361.3
Other current liabilities	2,039.4	1,787.2
Total current liabilities	6,839	8,265.8
Long-term debt	10,944.7	9,786.9
Deferred income taxes	2,166	2,118.4
Other liabilities	1,118.4	1,292.7
Total liabilities	21,068.1	21,463.8
Redeemable interest	0	604.9
Stockholders' equity:
Common stock, 754.6 shares issued, $0.10 par value	75.5	75.5
Additional paid-in capital	1,162.3	1,365.5
Retained earnings	17,713.1	17,069.8
Common stock in treasury, at cost, shares of 152.5 and 146.9	(7,015.3)	(6,611.2)
Accumulated other comprehensive loss	(2,122.7)	(2,429.2)
Total stockholders' equity	9,812.9	9,470.4
Noncontrolling interests	262.8	302.8
Total equity	10,075.7	9,773.2
Total liabilities and equity	$ 31,143.8	$ 31,841.9

Consolidated Balance Sheets (_2

Consolidated Balance Sheets (Unaudited) (Parenthetical) - $ / shares shares in Millions	Feb. 27, 2022	May 30, 2021	Feb. 28, 2021
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	152.4	146.9

Consolidated Statements of Tota

Consolidated Statements of Total Equity and Redeemable Interest (Unaudited) - USD ($) shares in Millions	Total	Redeemable Interest [Member]	Parent [Member]	Issued Common Stock [Member]	Additional Paid-In Capital [Member]	Retained Earnings [Member]	Retained Earnings [Member]Cumulative Effect Period Of Adoption [Member]	Treasury Stock [Member]	Accumulated Other Comprehensive Loss [Member]	Noncontrolling Interests [Member]
Beginning balance, treasury stock shares at May. 31, 2020								(144.8)
Stockholders' Equity, Number of Shares
Shares purchased, shares								0
Stock compensation plans, shares								2
Ending balance, common stock shares at Feb. 28, 2021				754.6
Ending balance, treasury stock shares at Feb. 28, 2021								(142.8)
Beginning balance, equity at May. 31, 2020	$ 8,349,500,000				$ 1,348,600,000	$ 15,982,100,000	$ (5,700,000)	$ (6,433,300,000)	$ (2,914,400,000)	$ 291,000,000
Stockholders Equity Including Portion Attributable To Noncontrolling Interest [Abstract]
Shares purchased, value								(600,000)
Stock compensation plans, value					12,900,000			82,600,000
Unearned compensation related to stock unit awards					(78,200,000)
Earned compensation					68,900,000
Decrease in redemption value of redeemable interest		$ (1,600,000)			1,600,000
Net earnings attributable to General Mills	1,923,000,000		$ 1,923,000,000			1,923,000,000
Comprehensive (loss) income									71,700,000	31,800,000
Cash dividends declared						(1,244,400,000)
Distributions to noncontrolling interest holders										(25,200,000)
Reclassification of Redeemable Interest										0
Reversal of Cumulative Redeemable Interest Value Adjustments					0					0
Acquisition of noncontrolling interest					(19,500,000)
Divestiture										0
Ending balance, equity at Feb. 28, 2021	9,187,900,000			$ 75,500,000	1,353,800,000	16,655,000,000		$ (6,351,300,000)	(2,842,700,000)	297,600,000
Beginning balance, equity attributable to redeemable noncontrolling interest at May. 31, 2020		544,600,000
Redeemable Interest
Distributions to redeemable interest holder		(22,700,000)
Reclassification to noncontrolling interest		0
Comprehensive (loss) income		75,700,000
Ending balance, equity attributable to redeemable noncontrolling interest at Feb. 28, 2021		596,000,000
Beginning balance, treasury stock shares at Nov. 29, 2020								(143.2)
Stockholders' Equity, Number of Shares
Shares purchased, shares								0
Stock compensation plans, shares								0.4
Ending balance, common stock shares at Feb. 28, 2021				754.6
Ending balance, treasury stock shares at Feb. 28, 2021								(142.8)
Beginning balance, equity at Nov. 29, 2020	8,852,600,000				1,333,300,000	16,374,200,000		$ (6,365,400,000)	(2,867,600,000)	302,600,000
Stockholders Equity Including Portion Attributable To Noncontrolling Interest [Abstract]
Shares purchased, value								(500,000)
Stock compensation plans, value					(8,300,000)			14,600,000
Unearned compensation related to stock unit awards					(500,000)
Earned compensation					20,700,000
Decrease in redemption value of redeemable interest		(8,600,000)			8,600,000
Net earnings attributable to General Mills	595,700,000		595,700,000			595,700,000
Comprehensive (loss) income									24,900,000	3,700,000
Cash dividends declared						(314,900,000)
Distributions to noncontrolling interest holders										(8,700,000)
Reclassification of Redeemable Interest										0
Reversal of Cumulative Redeemable Interest Value Adjustments					0					0
Acquisition of noncontrolling interest					0
Divestiture										0
Ending balance, equity at Feb. 28, 2021	$ 9,187,900,000			$ 75,500,000	1,353,800,000	16,655,000,000		$ (6,351,300,000)	(2,842,700,000)	297,600,000
Beginning balance, equity attributable to redeemable noncontrolling interest at Nov. 29, 2020		587,700,000
Redeemable Interest
Distributions to redeemable interest holder		(400,000)
Reclassification to noncontrolling interest		0
Comprehensive (loss) income		17,300,000
Ending balance, equity attributable to redeemable noncontrolling interest at Feb. 28, 2021		596,000,000
Beginning balance, common stock shares at May. 30, 2021	754.6
Beginning balance, treasury stock shares at May. 30, 2021	(146.9)							(146.9)
Stockholders' Equity, Number of Shares
Shares purchased, shares								(8.8)
Stock compensation plans, shares								3.3
Ending balance, common stock shares at Feb. 27, 2022	754.6			754.6
Ending balance, treasury stock shares at Feb. 27, 2022	(152.4)							(152.4)
Beginning balance, equity at May. 30, 2021	$ 9,773,200,000				1,365,500,000	17,069,800,000	$ 0	$ (6,611,200,000)	(2,429,200,000)	302,800,000
Stockholders Equity Including Portion Attributable To Noncontrolling Interest [Abstract]
Shares purchased, value								(550,500,000)
Stock compensation plans, value					15,500,000			146,400,000
Unearned compensation related to stock unit awards					(91,300,000)
Earned compensation					85,400,000
Decrease in redemption value of redeemable interest		(14,100,000)			14,100,000
Net earnings attributable to General Mills	1,884,500,000		1,884,500,000			1,884,500,000
Comprehensive (loss) income									306,500,000	(17,800,000)
Cash dividends declared						(1,241,200,000)
Distributions to noncontrolling interest holders										(110,800,000)
Reclassification of Redeemable Interest										561,600,000
Reversal of Cumulative Redeemable Interest Value Adjustments					(207,400,000)					207,400,000
Acquisition of noncontrolling interest					0
Divestiture										(680,400,000)
Ending balance, equity at Feb. 27, 2022	10,075,700,000			$ 75,500,000	1,162,300,000	17,713,100,000		$ (7,015,300,000)	(2,122,700,000)	262,800,000
Beginning balance, equity attributable to redeemable noncontrolling interest at May. 30, 2021	604,900,000	604,900,000
Redeemable Interest
Distributions to redeemable interest holder		(29,200,000)
Reclassification to noncontrolling interest		(561,600,000)
Ending balance, equity attributable to redeemable noncontrolling interest at Feb. 27, 2022	$ 0	0
Beginning balance, treasury stock shares at Nov. 28, 2021								(151.4)
Stockholders' Equity, Number of Shares
Shares purchased, shares								(2.6)
Stock compensation plans, shares								1.6
Ending balance, common stock shares at Feb. 27, 2022	754.6			754.6
Ending balance, treasury stock shares at Feb. 27, 2022	(152.4)							(152.4)
Beginning balance, equity at Nov. 28, 2021	$ 9,804,700,000				1,365,100,000	17,363,200,000		$ (6,915,200,000)	(2,364,100,000)	280,200,000
Stockholders Equity Including Portion Attributable To Noncontrolling Interest [Abstract]
Shares purchased, value								(175,500,000)
Stock compensation plans, value					11,500,000			75,400,000
Unearned compensation related to stock unit awards					(19,100,000)
Earned compensation					31,700,000
Decrease in redemption value of redeemable interest		0			0
Net earnings attributable to General Mills	660,300,000		$ 660,300,000			660,300,000
Comprehensive (loss) income									241,400,000	2,300,000
Cash dividends declared						(310,400,000)
Distributions to noncontrolling interest holders										(108,300,000)
Reclassification of Redeemable Interest										561,600,000
Reversal of Cumulative Redeemable Interest Value Adjustments					(207,400,000)					207,400,000
Acquisition of noncontrolling interest					(19,500,000)
Divestiture										(680,400,000)
Ending balance, equity at Feb. 27, 2022	10,075,700,000			$ 75,500,000	$ 1,162,300,000	$ 17,713,100,000		$ (7,015,300,000)	$ (2,122,700,000)	$ 262,800,000
Beginning balance, equity attributable to redeemable noncontrolling interest at Nov. 28, 2021		561,600,000
Redeemable Interest
Distributions to redeemable interest holder		0
Reclassification to noncontrolling interest		(561,600,000)
Comprehensive (loss) income		0
Ending balance, equity attributable to redeemable noncontrolling interest at Feb. 27, 2022	$ 0	$ 0

Consolidated Statements of To_2

Consolidated Statements of Total Equity and Redeemable Interest (Unaudited) (Parenthetical) - $ / shares shares in Billions	3 Months Ended		9 Months Ended
	Feb. 27, 2022	Feb. 28, 2021	Feb. 27, 2022	Feb. 28, 2021
CONSOLIDATED STATEMENTS OF TOTAL EQUITY AND REDEEMABLE INTEREST (Unaudited) (Parenthetical) [ABSTRACT]
Par Value Common Stock	$ 0.10	$ 0.1	$ 0.10	$ 0.1
Common Stock, Shares Authorized	1	1	1	1
Cash dividends declared per share	$ 0.51	$ 0.51	$ 2.04	$ 2.02

Consolidated Statements of Cash

Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Millions	9 Months Ended
	Feb. 27, 2022	Feb. 28, 2021
Cash Flows - Operating Activities
Net earnings, including earnings attributable to redeemable and noncontrolling interests	$ 1,909.2	$ 1,946.1
Adjustments to reconcile net earnings to net cash provided by operating activities:
Depreciation and amortization	430.6	454.5
After-tax earnings from joint ventures	(92)	(89.5)
Distributions of earnings from joint ventures	49	41.9
Stock-based compensation	80.3	69.5
Deferred income taxes	81.3	110.9
Pension and other postretirement benefit plan contributions	(20.7)	(25.7)
Pension and other postretirement benefit plan costs	(10.6)	(25.5)
Divestitures gain	(170.1)	0
Restructuring, impairment, and other exit costs	(62.5)	5.7
Changes in current assets and liabilities, excluding the effects of acquisition and divestitures	91.5	(145.4)
Other, net	(57.9)	(134.6)
Net cash provided by operating activities	2,228.1	2,207.9
Cash Flows - Investing Activities
Purchases of land, buildings, and equipment	(350.6)	(346.4)
Acquisition, net of cash acquired	(1,201.3)	0
Proceeds from divestitures, net of cash divested	46.1	0
Investments In affiliates, net	30.1	18.1
Proceeds from disposal of land, buildings, and equipment	1.6	1.8
Other, net	12.3	(5.5)
Net cash used by investing activities	(1,461.8)	(332)
Cash Flows - Financing Activities
Change in notes payable	471.5	(96.9)
Issuance of long-term debt	1,935.2	1,576.5
Payment of long-term debt	(2,278.2)	(1,159)
Debt exchange participation incentive cash payment	0	(201.4)
Proceeds from common stock issued on exercised options	96.2	39.4
Purchases of common stock for treasury	(550.5)	(0.6)
Dividends paid	(934.1)	(932.4)
Distributions to noncontrolling and redeemable interest holders	(110.8)	(47.9)
Other, net	(26.8)	(30.4)
Net cash used by financing activities	(1,397.5)	(852.7)
Effect of exchange rate changes on cash and cash equivalents	(29.6)	53.2
(Decrease) increase in cash and cash equivalents	(660.8)	1,076.4
Cash and cash equivalents - beginning of year	1,505.2	1,677.8
Cash and cash equivalents - end of period	844.4	2,754.2
Cash Flow from changes in current assets and liabilities, excluding the effects of acquisition and divestitures:
Receivables	(214.5)	(119.2)
Inventories	102.5	(302.2)
Prepaid expenses and other current assets	41.5	58.8
Accounts payable	(14)	154.7
Other current liabilities	176	62.5
Changes in current assets and liabilities	$ 91.5	$ (145.4)

Background

Background	9 Months Ended
	Feb. 27, 2022
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 February 27, 2022, are not necessarily indicative of the results that may be expected for the fiscal year ending May 29, 2022. 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 30, 2021. 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. Certain terms used throughout this report are defined in the “Glossary” section below.

Acquisition and Divestiture

Acquisition and Divestiture	9 Months Ended
	Feb. 27, 2022
Acquisition and Divestiture [Abstract]
Acquisition and Divestiture	(2) Acquisition and Divestitures During the third quarter of fiscal 2022, we completed the sale of our interests in Yoplait SAS, Yoplait Marques SNC and Liberté Marques Sàrl to Sodiaal International (Sodiaal) in exchange for Sodiaal’s interest in our Canadian yogurt business, a modified agreement for the use of Yoplait and Liberté brands in the United States and Canada, and cash. We recorded a net pre-tax gain of $ 148.8 million on the sale of these businesses during the third quarter of fiscal 2022. These transactions are subject to sale price adjustments in future periods that could impact the net pre-tax gain recorded. During the second quarter of fiscal 2022, we entered into definitive agreements to sell our European dough businesses. During the third quarter of fiscal 2022, we recorded a net pre-tax gain on sale of $ 21.3 million related to certain of these agreements and the remaining transactions are expected to close by the end of fiscal 2022, subject to appropriate labor consultations, regulatory approvals, and other customary closing conditions. The associated assets and liabilities have an immaterial impact on the presentation of our Consolidated Balance Sheets as of February 27, 2022. During the first quarter of fiscal 2022, we acquired the Tyson Foods’ pet treats business for $ 1.2 billion in cash. We financed the transaction with a combination of cash on hand and short-term debt. We consolidated the Tyson Foods’ pet treats business into our Consolidated Balance Sheets and recorded goodwill of $ 759.4 million, indefinite-lived intangible assets for the Nudges , Top Chews and True Chews brands totaling $ 330.0 million in aggregate, and a finite-lived customer relationship asset of $ 40.0 million. The goodwill is included in the Pet reporting unit and is deductible for tax purposes. The pro forma effects of this acquisition were not material. The consolidated results of the Tyson Foods’ pet treat business are reported in our Pet operating segment on a one-month lag. Accordingly, our Consolidated Statements of Earnings include seven months of operating results for the acquired business for the nine-month period ended February 27, 2022. In the third quarter of fiscal 2022, we recorded a purchase price adjustment that resulted in a $ 2.9 million increase to goodwill.

Restructuring, Impairment, and

Restructuring, Impairment, and Other Exit Costs	9 Months Ended
	Feb. 27, 2022
Restructuring, Impairment, and Other Exit Costs [Abstract]
Restructuring, Impairment, and Other Exit Costs	(3) Restructuring, Impairment, and Other Exit Costs Restructuring charges were as follows: Quarter Ended Nine-Month Period Ended In Millions Feb. 27, 2022 Feb. 28, 2021 Feb. 27, 2022 Feb. 28, 2021 International manufacturing and logistics operations $ 1.7 $ - $ 14.3 $ - Charges (recoveries) associated with restructuring actions previously announced 7.6 11.7 ( 6.4) 13.6 Total restructuring charges $ 9.3 $ 11.7 $ 7.9 $ 13.6 In the third quarter of fiscal 2022, we did not undertake any new restructuring actions. We recorded $ 1.7 million of restructuring charges in the third quarter of fiscal 2022 and $ 14.3 million of restructuring charges in the nine-month period ended February 27, 2022, related to the restructuring actions in the International segment to drive efficiencies in manufacturing and logistics operations approved in the second quarter of fiscal 2022. We recorded $ 7.6 million of restructuring charges in the third quarter of fiscal 2022 and a $ 6.4 million net recovery of restructuring charges in the nine-month period ended February 27, 2022, related to restructuring actions previously announced. We recorded $ 11.7 million of restructuring charges in the third quarter of fiscal 2021 and $ 13.6 million of restructuring charges in the nine-month period ended February 28, 2021, related to restructuring actions previously announced. The charges associated with restructuring actions previously announced primarily related to actions designed to better align our organizational structure and resources with strategic initiatives and drive efficiencies in manufacturing and logistics operations. We expect these actions to be completed by the end of fiscal 2024 In the third quarter of fiscal 2022, we decreased the estimate of expected restructuring charges that we expect to incur related to actions designed to better align our organizational structure and resources with strategic initiatives to approximately $ 150 million to $ 160 million, of which approximately $ 120 million to $ 130 million will be cash. These charges are expected to consist primarily of severance and other benefits costs and other charges, including consulting and professional fees, contract termination costs, and fixed asset write-offs. We paid net $ 70.4 million of cash in the nine-month period ended February 27, 2022, related to restructuring actions previously announced. We paid net $ 7.9 million of cash in the same period of fiscal 2021. Restructuring charges are recorded in our Consolidated Statements of Earnings as follows: Quarter Ended Nine-Month Period Ended In Millions Feb. 27, 2022 Feb. 28, 2021 Feb. 27, 2022 Feb. 28, 2021 Restructuring, impairment, and other exit costs $ 7.1 $ 11.0 $ 5.1 $ 11.9 Cost of sales 2.2 0.7 2.8 1.7 Total restructuring charges $ 9.3 $ 11.7 $ 7.9 $ 13.6 The roll forward of our restructuring and other exit cost reserves, included in other current liabilities, is as follows: In Millions Total Reserve balance as of May 30, 2021 $ 148.8 Fiscal 2022 charges, including foreign currency translation 1.4 Utilized in fiscal 2022 ( 61.4) Reserve balance as of Feb. 27, 2022 $ 88.8 The reserve balance primarily consists of expected severance payments associated with 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	9 Months Ended
	Feb. 27, 2022
Goodwill and Other Intangible Assets [Abstract]
Goodwill and Other Intangible Assets	(4) Goodwill and Other Intangible Assets The components of goodwill and other intangible assets are as follows: In Millions Feb. 27, 2022 May 30, 2021 Goodwill $ 14,546.7 $ 14,062.4 Other intangible assets: Intangible assets not subject to amortization: Brands and other indefinite-lived intangibles 6,731.2 6,628.1 Intangible assets subject to amortization: Franchise agreements, customer relationships, and other finite-lived intangibles 403.3 823.4 Less accumulated amortization ( 123.6) ( 300.9) Intangible assets subject to amortization, net 279.7 522.5 Other intangible assets 7,010.9 7,150.6 Total $ 21,557.6 $ 21,213.0 Based on the carrying value of finite-lived intangible assets as of February 27, 2022, annual amortization expense for each of the next five fiscal years is estimated to be approximately $ 20 million. During the third quarter of fiscal 2022, we changed our organizational and management structure to streamline our global operations. As a result of these changes, we reassessed our operating segments as well as our reporting units. Under our new organizational structure, our chief operating decision maker assesses performance and makes decisions about resources to be allocated to our segments at the North America Retail, International, Pet, and North America Foodservice operating segment level. See Note 17 for additional information on our operating segments. The changes in the carrying amount of goodwill during the nine-month period ended February 27, 2022, were as follows: In Millions North America Retail Pet North America Foodservice International Joint Ventures Total Balance as of May 30, 2021 $ 6,689.3 $ 5,300.5 $ 648.8 $ 978.2 $ 445.6 $ 14,062.4 Acquisition - 762.3 - - - 762.3 Divestitures - - - ( 198.8) - ( 198.8) Other activity, primarily foreign currency translation ( 6.3) - - ( 39.1) ( 33.8) ( 79.2) Balance as of Feb. 27, 2022 $ 6,683.0 $ 6,062.8 $ 648.8 $ 740.3 $ 411.8 $ 14,546.7 The changes in the carrying amount of other intangible assets during the nine-month period ended February 27, 2022, were as follows: In Millions Total Balance as of May 30, 2021 $ 7,150.6 Acquisition 370.0 Divestitures ( 621.8) Intellectual property intangible asset 210.4 Other activity, primarily foreign currency translation ( 98.3) Balance as of Feb. 27, 2022 $ 7,010.9 Our annual goodwill and indefinite-lived intangible assets impairment test was performed on the first day of the second quarter of fiscal 2022, 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 Uncle Toby’s brand intangible asset. The excess fair value as of the fiscal 2022 test date of the Uncle Toby’s brand intangible asset is as follows: In Millions Carrying Value of Intangible Asset Excess Fair Value as of Fiscal 2022 Test Date Uncle Toby's $ 55.0 7% In addition, while having significant coverage as of our fiscal 2022 assessment date, the Progresso , Green Giant , and EPIC brand intangible assets had risk of decreasing coverage. We will continue to monitor these businesses for potential impairment. The organizational changes also resulted in changes in certain reporting units, one level below the segment level, and were considered a triggering event that required a goodwill impairment test during the third quarter of fiscal 2022. We determined there was no impairment of the goodwill of the impacted reporting units as their related fair values were substantially in excess of the carrying values.

Inventories

Inventories	9 Months Ended
	Feb. 27, 2022
Inventories [Abstract]
Inventories	(5) Inventories The components of inventories were as follows: In Millions Feb. 27, 2022 May 30, 2021 Raw materials and packaging $ 458.4 $ 411.9 Finished goods 1,408.5 1,506.9 Grain 168.3 111.2 Excess of FIFO over LIFO cost ( 325.2) ( 209.5) Total $ 1,710.0 $ 1,820.5

Risk Management Activities

Risk Management Activities	9 Months Ended
	Feb. 27, 2022
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 as possible to or below our planned cost. 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 nine-month periods ended February 27, 2022, and February 28, 2021, included: Quarter Ended Nine-Month Period Ended In Millions Feb. 27, 2022 Feb. 28, 2021 Feb. 27, 2022 Feb. 28, 2021 Net gain on mark-to-market valuation of certain commodity positions $ 72.3 $ 51.0 $ 119.3 $ 95.0 Net (gain) loss on commodity positions reclassified from unallocated corporate items to segment operating profit ( 48.1) ( 3.9) ( 118.7) 12.8 Net mark-to-market revaluation of certain grain inventories ( 44.2) 8.6 15.6 10.2 Net mark-to-market valuation of certain commodity positions recognized in unallocated corporate items $ ( 20.0) $ 55.7 $ 16.2 $ 118.0 As of February 27, 2022, the net notional value of commodity derivatives was $ 634.1 million, of which $ 147.7 million related to energy inputs and $ 486.4 million related to agricultural inputs. These contracts relate to inputs that generally will be utilized within the next 12 months. The fair values of the derivative positions used in our risk management activities and other assets recorded at fair value were not material as of February 27, 2022 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 February 27, 2022, $ 1,382.8 million of our total accounts payable were payable to suppliers who utilize these third party services. As of February 28, 2021, $ 1,420.3 million of our total accounts payable were payable to suppliers who utilize these third party services.

Debt

Debt	9 Months Ended
	Feb. 27, 2022
Debt [Abstract]
Debt	(7) Debt The components of notes payable were as follows: In Millions Feb. 27, 2022 May 30, 2021 U.S. commercial paper $ 604.5 $ - Financial institutions 119.8 361.3 Total $ 724.3 $ 361.3 To ensure availability of funds, we maintain bank credit lines and have commercial paper programs available to us in the United States and Europe. We also have committed 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 February 27, 2022: In Billions Facility Amount Borrowed Amount Credit facility expiring: April 2026 $ 2.7 $ - Total committed credit facilities 2.7 - Uncommitted credit facilities 0.6 0.1 Total committed and uncommitted credit facilities $ 3.3 $ 0.1 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 February 27, 2022. Long-Term Debt The fair values and carrying amounts of long-term debt, including the current portion, were $ 11,841.5 million and $ 11,545.4 million, respectively, as of February 27, 2022. 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 2022, we repaid € 500.0 million of 0.0 percent fixed-rate notes due November 16, 2021 using proceeds from the issuance of € 500.0 million of 0.125 percent fixed-rate notes due November 15, 2025. In the second quarter of fiscal 2022, we issued € 250.0 million of floating-rate notes due May 16, 2023. We used the net proceeds to repay a portion of our outstanding commercial paper and for general corporate purposes. In the second quarter of fiscal 2022, we repaid $ 1,000.0 million of 3.15 percent fixed-rate notes due December 15, 2021 using proceeds from the issuance of $ 500.0 million of 2.25 percent notes due October 14, 2031 and commercial paper. The notes were redeemed on October 14, 2021. In the first quarter of fiscal 2022, we issued € 500.0 million of floating-rate notes due July 27, 2023. We used the net proceeds to repay € 500.0 million of 0.0 percent fixed-rate notes due August 21, 2021. In the first quarter of fiscal 2022, we repaid € 200.0 million of 2.2 percent fixed-rate notes due June 24, 2021 using proceeds from the issuance of € 50.0 million of 2.2 percent fixed-rate notes due November 29, 2021 and borrowings under a committed credit facility. In the fourth quarter of fiscal 2021, we repaid $ 600.0 million of 3.2 percent fixed-rate notes and $ 850.0 million of floating-rate notes with cash on hand. In the third quarter of fiscal 2021, we completed an offer to exchange certain series of outstanding notes for a combination of newly issued notes and cash. Holders exchanged $ 603.9 million of notes previously issued with rates between 4.15 percent and 5.4 percent for $ 605.2 million of newly issued 3.0 percent fixed-rate notes due February 1, 2051 and $ 201.4 million of cash, representing a participation incentive. In the second quarter of fiscal 2021, we issued € 500.0 million principal amount of 0.0 percent fixed-rate notes due November 16, 2021. We used the net proceeds to repay € 200.0 million of 0.0 percent fixed-rate notes and for general corporate purposes. In the first quarter of fiscal 2021, we issued € 500.0 million principal amount of 0.0 percent fixed-rate notes due August 21, 2021. We used the net proceeds, together with cash on hand, to repay € 500.0 million of 2.1 percent fixed-rate notes. Certain of our long-term debt agreements contain restrictive covenants. As of February 27, 2022, we were in compliance with all of these covenants.

Redeemable and Noncontrolling I

Redeemable and Noncontrolling Interests	9 Months Ended
	Feb. 27, 2022
Redeemable and Noncontrolling Interests [Abstract]
Redeemable and Noncontrolling Interests	(8) Redeemable and Noncontrolling Interests During the third quarter of fiscal 2022, we completed the sale of our interests in Yoplait SAS, Yoplait Marques SNC and Liberté Marques Sàrl to Sodiaal in exchange for Sodiaal’s interest in our Canadian yogurt business, a modified agreement for the use of Yoplait and Liberté brands in the United States and Canada, and cash. Please see Note 2 to the Consolidated Financial Statements. Up to the date of the divestiture, Sodiaal held the remaining interests in each of the entities. On the acquisition date, we recorded the fair value of Sodiaal’s 49 percent euro-denominated interest in Yoplait SAS as a redeemable interest on our Consolidated Balance Sheets. Sodiaal had the right to put all or a portion of its redeemable interest to us at fair value until the divestiture closed in the third quarter of fiscal 2022. In connection with the divestiture, cumulative adjustments made to the redeemable interest related to the fair value put feature were reversed against additional paid-in capital, where changes in the redemption amount were historically recorded, and the resulting carrying value of the noncontrolling interests were included in the calculation of the gain on divestiture. A subsidiary of Yoplait SAS had an exclusive milk supply agreement for its European operations with Sodiaal through November 28, 2021. Net purchases totaled $ 99.5 million for the six-month period ended November 28, 2021, and $ 155.0 million for the nine-month period ended February 28, 2021. 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, 2021, the floating preferred return rate on GMC’s Class A Interests was reset to the sum of three-month LIBOR plus 160 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 February 27, 2022, we were in compliance with all of these covenants.

Stockholders' Equity

Stockholders' Equity	9 Months Ended
	Feb. 27, 2022
Stockholders' Equity [Abstract]
Stockholders' Equity	(9) Stockholders’ Equity The following tables provide details of total comprehensive income: Quarter Ended Quarter Ended Feb. 27, 2022 Feb. 28, 2021 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 $ 660.3 $ 2.3 - $ 595.7 $ 1.1 $ 7.0 Other comprehensive income (loss): Foreign currency translation $ ( 125.7) $ 3.2 ( 122.5) - - $ ( 7.8) $ 6.7 ( 1.1) 2.6 11.0 Other fair value changes: Hedge derivatives ( 23.9) ( 6.9) ( 30.8) - - 2.5 ( 1.5) 1.0 - ( 0.9) Reclassification to earnings: Foreign currency translation (a) 342.2 - 342.2 - - - - - - - Amortization of losses and prior service costs (b) 28.8 ( 6.5) 22.3 - - 25.6 ( 5.8) 19.8 - - Hedge derivatives (c) 23.1 7.1 30.2 - - 6.8 ( 1.6) 5.2 - 0.2 Other comprehensive income (loss) $ 244.5 $ ( 3.1) 241.4 - - $ 27.1 $ ( 2.2) 24.9 2.6 10.3 Total comprehensive income $ 901.7 $ 2.3 $ - $ 620.6 $ 3.7 $ 17.3 (a) Loss reclassified from AOCI into earnings is reported in divestitures gain related to the divestiture of our interests in Yoplait SAS, Yoplait Marques SNC and Liberte Marques Sarl to Sodiaal in the third quarter of fiscal 2022. (b) Loss reclassified from AOCI into earnings is reported in benefit plan non-service income. (c) Loss 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. Nine-Month Period Ended Nine-Month Period Ended Feb. 27, 2022 Feb. 28, 2021 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 $ 1,884.5 $ 7.2 $ 17.5 $ 1,923.0 $ 3.9 $ 19.2 Other comprehensive income (loss): Foreign currency translation $ ( 166.6) $ 53.7 ( 112.9) ( 25.0) ( 47.0) $ ( 41.4) $ 58.3 16.9 27.9 57.6 Other fair value changes: Hedge derivatives 8.0 ( 18.9) ( 10.9) - 0.5 ( 11.1) 2.0 ( 9.1) - ( 1.0) Reclassification to earnings: Foreign currency translation (a) 342.2 - 342.2 Amortization of losses and prior service costs (b) 68.8 ( 15.3) 53.5 - - 76.7 ( 17.6) 59.1 - - Hedge derivatives (c) 23.0 11.6 34.6 - ( 0.2) 6.7 ( 1.9) 4.8 - ( 0.1) Other comprehensive income (loss) $ 275.4 $ 31.1 306.5 ( 25.0) ( 46.7) $ 30.9 $ 40.8 71.7 27.9 56.5 Total comprehensive income (loss) $ 2,191.0 $ ( 17.8) $ ( 29.2) $ 1,994.7 $ 31.8 $ 75.7 (a) Loss reclassified from AOCI into earnings is reported in divestitures gain related to the divestiture of our interests in Yoplait SAS, Yoplait Marques SNC and Liberte Marques Sarl to Sodiaal in the third quarter of fiscal 2022. (b) Loss reclassified from AOCI into earnings is reported in benefit plan non-service income. (c) Loss 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. Accumulated other comprehensive loss balances, net of tax effects, were as follows: In Millions Feb. 27, 2022 May 30, 2021 Foreign currency translation adjustments $ ( 600.9) $ ( 830.2) Unrealized gain (loss) from: Hedge derivatives 5.2 ( 18.5) Pension, other postretirement, and postemployment benefits: Net actuarial loss ( 1,641.5) ( 1,718.4) Prior service credits 114.5 137.9 Accumulated other comprehensive loss $ ( 2,122.7) $ ( 2,429.2)

Stock Plans

Stock Plans	9 Months Ended
	Feb. 27, 2022
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 12 to the Consolidated Financial Statements included in our Annual Report on Form 10-K for the fiscal year ended May 30, 2021. Compensation expense related to stock-based payments recognized in the Consolidated Statements of Earnings was as follows: Quarter Ended Nine-Month Period Ended In Millions Feb. 27, 2022 Feb. 28, 2021 Feb. 27, 2022 Feb. 28, 2021 Compensation expense related to stock-based payments $ 31.4 $ 20.8 $ 78.9 $ 69.5 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 2022. Windfall tax benefits from stock-based payments in income tax expense in our Consolidated Statements of Earnings were as follows: Quarter Ended Nine-Month Period Ended In Millions Feb. 27, 2022 Feb. 28, 2021 Feb. 27, 2022 Feb. 28, 2021 Windfall tax benefits from stock-based payments $ 6.7 $ 1.6 $ 13.0 $ 8.4 As of February 27, 2022, unrecognized compensation expense related to non-vested stock options, restricted stock units, and performance share units was $ 120.5 million. This expense will be recognized over 21 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: Nine-Month Period Ended In Millions Feb. 27, 2022 Feb. 28, 2021 Net cash proceeds $ 96.2 $ 39.4 Intrinsic value of options exercised $ 44.4 $ 24.2 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 12 to the Consolidated Financial Statements included in our Annual Report on Form 10-K for the fiscal year ended May 30, 2021. The estimated fair values of stock options granted and the assumptions used for the Black-Scholes option-pricing model were as follows: Nine-Month Period Ended Feb. 27, 2022 Feb. 28, 2021 Estimated fair values of stock options granted $ 8.77 $ 8.03 Assumptions: Risk-free interest rate 1.5 % 0.7 % Expected term 8.5 years 8.5 years Expected volatility 20.2 % 19.5 % Dividend yield 3.4 % 3.3 % The total grant date fair value of restricted stock unit awards that vested during the period was as follows: Nine-Month Period Ended In Millions Feb. 27, 2022 Feb. 28, 2021 Total grant date fair value $ 79.0 $ 73.0

Earnings Per Share

Earnings Per Share	9 Months Ended
	Feb. 27, 2022
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 Nine-Month Period Ended In Millions, Except per Share Data Feb. 27, 2022 Feb. 28, 2021 Feb. 27, 2022 Feb. 28, 2021 Net earnings attributable to General Mills $ 660.3 $ 595.7 $ 1,884.5 $ 1,923.0 Average number of common shares - basic EPS 606.8 615.0 608.6 614.6 Incremental share effect from: (a) Stock options 2.9 2.0 2.4 2.6 Restricted stock units and performance share units 2.7 2.4 2.5 2.4 Average number of common shares - diluted EPS 612.4 619.4 613.5 619.6 Earnings per share – basic $ 1.09 $ 0.97 $ 3.10 $ 3.13 Earnings per share – diluted $ 1.08 $ 0.96 $ 3.07 $ 3.10 (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 Nine-Month Period Ended In Millions Feb. 27, 2022 Feb. 28, 2021 Feb. 27, 2022 Feb. 28, 2021 Anti-dilutive stock options, restricted stock units, and performance share units 1.0 4.8 4.5 3.4

Share Repurchases

Share Repurchases	9 Months Ended
	Feb. 27, 2022
Share Repurchases [Abstract]
Share Repurchases	(12) Share Repurchases Share repurchases were as follows: Quarter Ended Nine-Month Period Ended In Millions Feb. 27, 2022 Feb. 28, 2021 Feb. 27, 2022 Feb. 28, 2021 Shares of common stock 2.6 - 8.8 - Aggregate purchase price $ 175.5 $ 0.5 $ 550.5 $ 0.6

Statements of Cash Flows

Statements of Cash Flows	9 Months Ended
	Feb. 27, 2022
Statements of Cash Flows [Abstract]
Statements of Cash Flows	(13) Statements of Cash Flows Our Consolidated Statements of Cash Flows include the following: Nine-Month Period Ended In Millions Feb. 27, 2022 Feb. 28, 2021 Net cash interest payments $ 234.2 $ 286.1 Net income tax payments $ 397.3 $ 459.8

Retirement and Postemployment B

Retirement and Postemployment Benefits	9 Months Ended
	Feb. 27, 2022
Retirement and Postemployment Benefits [Abstract]
Retirement and Postemployment Benefits	(14) Retirement and Postemployment Benefits Components of net periodic benefit (income) expense are as follows: Defined Benefit Pension Plans Other Postretirement Benefit Plans Postemployment Benefit Plans Quarter Ended Quarter Ended Quarter Ended In Millions Feb. 27, 2022 Feb. 28, 2021 Feb. 27, 2022 Feb. 28, 2021 Feb. 27, 2022 Feb. 28, 2021 Service cost $ 23.2 $ 26.1 $ 2.0 $ 2.0 $ 1.8 $ 2.3 Interest cost 46.0 48.0 3.1 4.5 0.4 0.4 Expected return on plan assets ( 102.8) ( 105.3) ( 6.6) ( 8.7) - - Amortization of losses (gains) 35.7 27.1 ( 2.7) ( 1.3) 0.8 0.7 Amortization of prior service costs (credits) 0.2 0.3 ( 5.3) ( 1.3) 0.1 0.1 Other adjustments - - - - 4.0 2.1 Net expense (income) $ 2.3 $ ( 3.8) $ ( 9.5) $ ( 4.8) $ 7.1 $ 5.6 Defined Benefit Pension Plans Other Postretirement Benefit Plans Postemployment Benefit Plans Nine-Month Period Ended Nine-Month Period Ended Nine-Month Period Ended In Millions Feb. 27, 2022 Feb. 28, 2021 Feb. 27, 2022 Feb. 28, 2021 Feb. 27, 2022 Feb. 28, 2021 Service cost $ 70.4 $ 78.1 $ 5.8 $ 6.3 $ 5.3 $ 6.9 Interest cost 138.4 143.9 9.4 13.5 1.1 1.2 Expected return on plan assets ( 308.5) ( 315.4) ( 20.0) ( 26.0) - - Amortization of losses (gains) 106.1 81.1 ( 8.1) ( 3.8) 2.3 2.1 Amortization of prior service costs (credits) 0.6 0.9 ( 15.7) ( 4.1) 0.3 0.5 Other adjustments - - - - 9.7 6.5 Curtailment gain ( 14.3) - ( 5.7) - - - Net (income) expense $ ( 7.3) $ ( 11.4) $ ( 34.3) $ ( 14.1) $ 18.7 $ 17.2

Income Taxes

Income Taxes	9 Months Ended
	Feb. 27, 2022
Income Taxes [Abstract]
Income Taxes	(15) Income Taxes During the first quarter of fiscal 2022, the Brazilian tax authority, Secretaria da Receita Federal do Brasil (RFB), concluded audits of our 2016 through 2018 tax return years. These audits included a review of our determinations of amortization of certain goodwill arising from the acquisition of Yoki Alimentos S.A. The RFB has proposed adjustments that effectively eliminate the goodwill amortization benefits related to this transaction. The RFB had previously proposed adjustments related to the goodwill amortization associated with our 2012 through 2015 tax return years. We believe we have meritorious defenses and intend to continue to contest the disallowance for all years.

Contingencies

Contingencies	9 Months Ended
	Feb. 27, 2022
Contingencies [Abstract]
Contingencies	(16) Contingencies During 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 February 27, 2022, 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	9 Months Ended
	Feb. 27, 2022
Business Segment and Geographic Information [Abstract]
Business Segment and Geographic Information	(17) Business Segment and Geographic Information We operate in the packaged foods industry. In the third quarter of fiscal 2022, we completed a new organization structure to streamline our global operations. This global reorganization required us to reevaluate our operating segments. Under our new organization structure, our chief operating decision maker assesses performance and makes decisions about resources to be allocated to our operating segments as follows: North America Retail; International; Pet; and North America Foodservice. We have restated our net sales by segment and segment operating profit to reflect our new operating segments. These segment changes had no effect on previously reported consolidated net sales, operating profit, net earnings attributable to General Mills, or earnings per share. Our North America Retail operating segment includes convenience store businesses from our former Convenience Stores & Foodservice segment. Within our North America Retail operating segment, our former U.S. Cereal operating unit and U.S. Yogurt operating unit have been combined into the U.S. Morning Foods operating unit. Additionally, the U.S. Meals & Baking Solutions operating unit combines the former U.S. Meals & Baking operating unit with certain businesses from the U.S. Snacks operating unit. The Canada operating unit excludes Canada foodservice businesses which are now included in our North America Foodservice operating segment. The resulting North America Foodservice operating segment exclusively includes our foodservice business. Our International operating segment combines our former Europe & Australia and Asia & Latin America operating segments. Our Pet operating segment is unchanged. 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, convenience stores, and e-commerce grocery providers. Our product categories in this business segment include ready-to-eat cereals, refrigerated yogurt, soup, meal kits, refrigerated and frozen dough products, dessert and baking mixes, frozen pizza and pizza snacks, snack bars, fruit snacks, savory snacks, and a wide variety of organic products including ready-to-eat cereal, frozen and shelf-stable vegetables, meal kits, fruit snacks, snack bars, and refrigerated yogurt. Our International operating segment consists of retail and foodservice businesses outside of the United States and Canada. Our product categories include super-premium ice cream and frozen desserts, meal kits, refrigerated and frozen dough products, salty snacks, snack bars, dessert and baking mixes, and shelf stable vegetables. We also sell super-premium ice cream and frozen desserts directly to consumers through owned retail shops. Our International segment also includes products manufactured in the United States for export, mainly to Caribbean and Latin American markets, as well as products we manufacture for sale to our international joint ventures. 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 and Canada 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, 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. Our North America Foodservice segment consists of foodservice businesses in the United States and Canada. Our major product categories in our North America Foodservice operating segment are ready-to-eat cereals, snacks, refrigerated yogurt, frozen meals, unbaked and fully baked frozen dough products, baking mixes, and bakery flour. 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, vending, and supermarket bakeries. 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 North American employee benefits and incentives, certain charitable contributions, 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 by operating segment. Our operating segment results were as follows: Quarter Ended Nine-Month Period Ended In Millions Feb. 27, 2022 Feb. 28, 2021 Feb. 27, 2022 Feb. 28, 2021 Net sales: North America Retail $ 2,811.9 $ 2,786.0 $ 8,567.1 $ 8,539.3 International 721.0 939.8 2,566.0 2,710.9 Pet 567.7 436.3 1,649.1 1,288.0 North America Foodservice 437.1 357.9 1,319.4 1,065.2 Total $ 4,537.7 $ 4,520.0 $ 14,101.6 $ 13,603.4 Operating profit: North America Retail $ 611.5 $ 628.8 $ 1,935.5 $ 2,076.8 International 35.9 41.4 155.9 180.8 Pet 110.6 102.3 357.3 311.9 North America Foodservice 35.2 40.6 174.9 137.6 Total segment operating profit $ 793.2 $ 813.1 $ 2,623.6 $ 2,707.1 Unallocated corporate items 140.9 ( 24.5) 328.9 98.3 Divestitures gain ( 170.1) - ( 170.1) - Restructuring, impairment, and other exit costs 7.1 11.0 5.1 11.9 Operating profit $ 815.3 $ 826.6 $ 2,459.7 $ 2,596.9 Net sales for our North America Retail operating units were as follows: Quarter Ended Nine-Month Period Ended In Millions Feb. 27, 2022 Feb. 28, 2021 Feb. 27, 2022 Feb. 28, 2021 U.S. Meals & Baking Solutions $ 968.0 $ 990.7 $ 3,032.6 $ 3,169.0 U.S. Morning Foods 858.0 823.2 2,514.4 2,495.8 U.S. Snacks 745.0 726.8 2,282.3 2,172.0 Canada 240.9 245.3 737.8 702.5 Total $ 2,811.9 $ 2,786.0 $ 8,567.1 $ 8,539.3 Net sales by class of similar products were as follows: Quarter Ended Nine-Month Period Ended In Millions Feb. 27, 2022 Feb. 28, 2021 Feb. 27, 2022 Feb. 28, 2021 Snacks $ 925.3 $ 871.9 $ 2,827.4 $ 2,608.6 Convenient meals 772.8 785.0 2,258.1 2,334.8 Cereal 754.4 715.4 2,227.6 2,168.7 Pet 568.1 436.3 1,649.5 1,288.0 Dough 446.6 498.0 1,458.8 1,456.8 Baking mixes and ingredients 465.9 416.8 1,379.4 1,293.6 Yogurt 349.3 505.3 1,362.3 1,513.5 Super-premium ice cream 151.4 164.0 596.2 596.4 Other 103.9 127.3 342.3 343.0 Total $ 4,537.7 $ 4,520.0 $ 14,101.6 $ 13,603.4

Restructuring, Impairment, an_2

Restructuring, Impairment, and Other Exit Costs (Tables)	9 Months Ended
	Feb. 27, 2022
Restructuring, Impairment, and Other Exit Costs [Abstract]
Schedule of Restructuring and Impairment Charges and Project-Related Costs	Quarter Ended Nine-Month Period Ended In Millions Feb. 27, 2022 Feb. 28, 2021 Feb. 27, 2022 Feb. 28, 2021 International manufacturing and logistics operations $ 1.7 $ - $ 14.3 $ - Charges (recoveries) associated with restructuring actions previously announced 7.6 11.7 ( 6.4) 13.6 Total restructuring charges $ 9.3 $ 11.7 $ 7.9 $ 13.6 Quarter Ended Nine-Month Period Ended In Millions Feb. 27, 2022 Feb. 28, 2021 Feb. 27, 2022 Feb. 28, 2021 Restructuring, impairment, and other exit costs $ 7.1 $ 11.0 $ 5.1 $ 11.9 Cost of sales 2.2 0.7 2.8 1.7 Total restructuring charges $ 9.3 $ 11.7 $ 7.9 $ 13.6
Roll forward of Restructuring and Other Exit Cost Reserves	In Millions Total Reserve balance as of May 30, 2021 $ 148.8 Fiscal 2022 charges, including foreign currency translation 1.4 Utilized in fiscal 2022 ( 61.4) Reserve balance as of Feb. 27, 2022 $ 88.8

Goodwill and Other Intangible_2

Goodwill and Other Intangible Assets (Tables)	9 Months Ended
	Feb. 27, 2022
Goodwill and Other Intangible Assets [Abstract]
Schedule of components of goodwill and other intangible assets [Table Text Block]	In Millions Feb. 27, 2022 May 30, 2021 Goodwill $ 14,546.7 $ 14,062.4 Other intangible assets: Intangible assets not subject to amortization: Brands and other indefinite-lived intangibles 6,731.2 6,628.1 Intangible assets subject to amortization: Franchise agreements, customer relationships, and other finite-lived intangibles 403.3 823.4 Less accumulated amortization ( 123.6) ( 300.9) Intangible assets subject to amortization, net 279.7 522.5 Other intangible assets 7,010.9 7,150.6 Total $ 21,557.6 $ 21,213.0
Schedule of changes in the carrying amount of goodwill [Table Text Block]	In Millions North America Retail Pet North America Foodservice International Joint Ventures Total Balance as of May 30, 2021 $ 6,689.3 $ 5,300.5 $ 648.8 $ 978.2 $ 445.6 $ 14,062.4 Acquisition - 762.3 - - - 762.3 Divestitures - - - ( 198.8) - ( 198.8) Other activity, primarily foreign currency translation ( 6.3) - - ( 39.1) ( 33.8) ( 79.2) Balance as of Feb. 27, 2022 $ 6,683.0 $ 6,062.8 $ 648.8 $ 740.3 $ 411.8 $ 14,546.7
Schedule of changes in the carrying amount of other intangible assets [Table Text Block]	In Millions Total Balance as of May 30, 2021 $ 7,150.6 Acquisition 370.0 Divestitures ( 621.8) Intellectual property intangible asset 210.4 Other activity, primarily foreign currency translation ( 98.3) Balance as of Feb. 27, 2022 $ 7,010.9 In Millions Carrying Value of Intangible Asset Excess Fair Value as of Fiscal 2022 Test Date Uncle Toby's $ 55.0 7%

Inventories (Tables)

Inventories (Tables)	9 Months Ended
	Feb. 27, 2022
Inventories [Abstract]
Schedule of components of inventories [Table Text Block]	In Millions Feb. 27, 2022 May 30, 2021 Raw materials and packaging $ 458.4 $ 411.9 Finished goods 1,408.5 1,506.9 Grain 168.3 111.2 Excess of FIFO over LIFO cost ( 325.2) ( 209.5) Total $ 1,710.0 $ 1,820.5

Risk Management Activities (Tab

Risk Management Activities (Tables)	9 Months Ended
	Feb. 27, 2022
Risk Management Activities [Abstract]
Schedule of unallocated corporate items [Table Text Block]	Quarter Ended Nine-Month Period Ended In Millions Feb. 27, 2022 Feb. 28, 2021 Feb. 27, 2022 Feb. 28, 2021 Net gain on mark-to-market valuation of certain commodity positions $ 72.3 $ 51.0 $ 119.3 $ 95.0 Net (gain) loss on commodity positions reclassified from unallocated corporate items to segment operating profit ( 48.1) ( 3.9) ( 118.7) 12.8 Net mark-to-market revaluation of certain grain inventories ( 44.2) 8.6 15.6 10.2 Net mark-to-market valuation of certain commodity positions recognized in unallocated corporate items $ ( 20.0) $ 55.7 $ 16.2 $ 118.0

Debt (Tables)

Debt (Tables)	9 Months Ended
	Feb. 27, 2022
Debt [Abstract]
Schedule of components of notes payable [Table Text Block]	In Millions Feb. 27, 2022 May 30, 2021 U.S. commercial paper $ 604.5 $ - Financial institutions 119.8 361.3 Total $ 724.3 $ 361.3
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 February 27, 2022: In Billions Facility Amount Borrowed Amount Credit facility expiring: April 2026 $ 2.7 $ - Total committed credit facilities 2.7 - Uncommitted credit facilities 0.6 0.1 Total committed and uncommitted credit facilities $ 3.3 $ 0.1

Stockholders' Equity (Tables)

Stockholders' Equity (Tables)	9 Months Ended
	Feb. 27, 2022
Stockholders' Equity [Abstract]
Schedule of total comprehensive income [Table Text Block]	Quarter Ended Quarter Ended Feb. 27, 2022 Feb. 28, 2021 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 $ 660.3 $ 2.3 - $ 595.7 $ 1.1 $ 7.0 Other comprehensive income (loss): Foreign currency translation $ ( 125.7) $ 3.2 ( 122.5) - - $ ( 7.8) $ 6.7 ( 1.1) 2.6 11.0 Other fair value changes: Hedge derivatives ( 23.9) ( 6.9) ( 30.8) - - 2.5 ( 1.5) 1.0 - ( 0.9) Reclassification to earnings: Foreign currency translation (a) 342.2 - 342.2 - - - - - - - Amortization of losses and prior service costs (b) 28.8 ( 6.5) 22.3 - - 25.6 ( 5.8) 19.8 - - Hedge derivatives (c) 23.1 7.1 30.2 - - 6.8 ( 1.6) 5.2 - 0.2 Other comprehensive income (loss) $ 244.5 $ ( 3.1) 241.4 - - $ 27.1 $ ( 2.2) 24.9 2.6 10.3 Total comprehensive income $ 901.7 $ 2.3 $ - $ 620.6 $ 3.7 $ 17.3 (a) Loss reclassified from AOCI into earnings is reported in divestitures gain related to the divestiture of our interests in Yoplait SAS, Yoplait Marques SNC and Liberte Marques Sarl to Sodiaal in the third quarter of fiscal 2022. (b) Loss reclassified from AOCI into earnings is reported in benefit plan non-service income. (c) Loss 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. Nine-Month Period Ended Nine-Month Period Ended Feb. 27, 2022 Feb. 28, 2021 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 $ 1,884.5 $ 7.2 $ 17.5 $ 1,923.0 $ 3.9 $ 19.2 Other comprehensive income (loss): Foreign currency translation $ ( 166.6) $ 53.7 ( 112.9) ( 25.0) ( 47.0) $ ( 41.4) $ 58.3 16.9 27.9 57.6 Other fair value changes: Hedge derivatives 8.0 ( 18.9) ( 10.9) - 0.5 ( 11.1) 2.0 ( 9.1) - ( 1.0) Reclassification to earnings: Foreign currency translation (a) 342.2 - 342.2 Amortization of losses and prior service costs (b) 68.8 ( 15.3) 53.5 - - 76.7 ( 17.6) 59.1 - - Hedge derivatives (c) 23.0 11.6 34.6 - ( 0.2) 6.7 ( 1.9) 4.8 - ( 0.1) Other comprehensive income (loss) $ 275.4 $ 31.1 306.5 ( 25.0) ( 46.7) $ 30.9 $ 40.8 71.7 27.9 56.5 Total comprehensive income (loss) $ 2,191.0 $ ( 17.8) $ ( 29.2) $ 1,994.7 $ 31.8 $ 75.7 (a) Loss reclassified from AOCI into earnings is reported in divestitures gain related to the divestiture of our interests in Yoplait SAS, Yoplait Marques SNC and Liberte Marques Sarl to Sodiaal in the third quarter of fiscal 2022. (b) Loss reclassified from AOCI into earnings is reported in benefit plan non-service income. (c) Loss 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.
Schedule of accumulated other comprehensive income (loss), net of tax effects [Table Text Block]	In Millions Feb. 27, 2022 May 30, 2021 Foreign currency translation adjustments $ ( 600.9) $ ( 830.2) Unrealized gain (loss) from: Hedge derivatives 5.2 ( 18.5) Pension, other postretirement, and postemployment benefits: Net actuarial loss ( 1,641.5) ( 1,718.4) Prior service credits 114.5 137.9 Accumulated other comprehensive loss $ ( 2,122.7) $ ( 2,429.2)

Stock Plans (Tables)

Stock Plans (Tables)	9 Months Ended
	Feb. 27, 2022
Stock Plans [Abstract]
Schedule of compensation expense related to stock-based payments [Table Text Block]	Quarter Ended Nine-Month Period Ended In Millions Feb. 27, 2022 Feb. 28, 2021 Feb. 27, 2022 Feb. 28, 2021 Compensation expense related to stock-based payments $ 31.4 $ 20.8 $ 78.9 $ 69.5 Quarter Ended Nine-Month Period Ended In Millions Feb. 27, 2022 Feb. 28, 2021 Feb. 27, 2022 Feb. 28, 2021 Windfall tax benefits from stock-based payments $ 6.7 $ 1.6 $ 13.0 $ 8.4
Schedule of net cash proceeds received from the exercise of stock options [Table Text Block]	Nine-Month Period Ended In Millions Feb. 27, 2022 Feb. 28, 2021 Net cash proceeds $ 96.2 $ 39.4 Intrinsic value of options exercised $ 44.4 $ 24.2
Schedule of estimated fair value of stock options granted and the assumptions used for the Black-Scholes option-pricing model [Table Text Block]	Nine-Month Period Ended Feb. 27, 2022 Feb. 28, 2021 Estimated fair values of stock options granted $ 8.77 $ 8.03 Assumptions: Risk-free interest rate 1.5 % 0.7 % Expected term 8.5 years 8.5 years Expected volatility 20.2 % 19.5 % Dividend yield 3.4 % 3.3 %
Total grant date fair value of restricted stock unit awards that vested during the period [Table Text Block]	Nine-Month Period Ended In Millions Feb. 27, 2022 Feb. 28, 2021 Total grant date fair value $ 79.0 $ 73.0

Earnings Per Share (Tables)

Earnings Per Share (Tables)	9 Months Ended
	Feb. 27, 2022
Earnings Per Share [Abstract]
Schedule of earnings per share [Table Text Block]	Quarter Ended Nine-Month Period Ended In Millions, Except per Share Data Feb. 27, 2022 Feb. 28, 2021 Feb. 27, 2022 Feb. 28, 2021 Net earnings attributable to General Mills $ 660.3 $ 595.7 $ 1,884.5 $ 1,923.0 Average number of common shares - basic EPS 606.8 615.0 608.6 614.6 Incremental share effect from: (a) Stock options 2.9 2.0 2.4 2.6 Restricted stock units and performance share units 2.7 2.4 2.5 2.4 Average number of common shares - diluted EPS 612.4 619.4 613.5 619.6 Earnings per share – basic $ 1.09 $ 0.97 $ 3.10 $ 3.13 Earnings per share – diluted $ 1.08 $ 0.96 $ 3.07 $ 3.10 (a) Incremental shares from stock options, restricted stock units, and performance share units are computed by the treasury stock method.
Schedule of anti-dulitive stock options, restricted stock units and performance share units [Table Text Block]	Quarter Ended Nine-Month Period Ended In Millions Feb. 27, 2022 Feb. 28, 2021 Feb. 27, 2022 Feb. 28, 2021 Anti-dilutive stock options, restricted stock units, and performance share units 1.0 4.8 4.5 3.4

Share Repurchases (Tables)

Share Repurchases (Tables)	9 Months Ended
	Feb. 27, 2022
Share Repurchases [Abstract]
Schedule of share repurchases	Quarter Ended Nine-Month Period Ended In Millions Feb. 27, 2022 Feb. 28, 2021 Feb. 27, 2022 Feb. 28, 2021 Shares of common stock 2.6 - 8.8 - Aggregate purchase price $ 175.5 $ 0.5 $ 550.5 $ 0.6

Statements of Cash Flows (Table

Statements of Cash Flows (Tables)	9 Months Ended
	Feb. 27, 2022
Statements of Cash Flows [Abstract]
Consolidated Statements of Cash Flows [Table Text Block]	Nine-Month Period Ended In Millions Feb. 27, 2022 Feb. 28, 2021 Net cash interest payments $ 234.2 $ 286.1 Net income tax payments $ 397.3 $ 459.8

Retirement and Postemployment_2

Retirement and Postemployment Benefits (Tables)	9 Months Ended
	Feb. 27, 2022
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 Feb. 27, 2022 Feb. 28, 2021 Feb. 27, 2022 Feb. 28, 2021 Feb. 27, 2022 Feb. 28, 2021 Service cost $ 23.2 $ 26.1 $ 2.0 $ 2.0 $ 1.8 $ 2.3 Interest cost 46.0 48.0 3.1 4.5 0.4 0.4 Expected return on plan assets ( 102.8) ( 105.3) ( 6.6) ( 8.7) - - Amortization of losses (gains) 35.7 27.1 ( 2.7) ( 1.3) 0.8 0.7 Amortization of prior service costs (credits) 0.2 0.3 ( 5.3) ( 1.3) 0.1 0.1 Other adjustments - - - - 4.0 2.1 Net expense (income) $ 2.3 $ ( 3.8) $ ( 9.5) $ ( 4.8) $ 7.1 $ 5.6 Defined Benefit Pension Plans Other Postretirement Benefit Plans Postemployment Benefit Plans Nine-Month Period Ended Nine-Month Period Ended Nine-Month Period Ended In Millions Feb. 27, 2022 Feb. 28, 2021 Feb. 27, 2022 Feb. 28, 2021 Feb. 27, 2022 Feb. 28, 2021 Service cost $ 70.4 $ 78.1 $ 5.8 $ 6.3 $ 5.3 $ 6.9 Interest cost 138.4 143.9 9.4 13.5 1.1 1.2 Expected return on plan assets ( 308.5) ( 315.4) ( 20.0) ( 26.0) - - Amortization of losses (gains) 106.1 81.1 ( 8.1) ( 3.8) 2.3 2.1 Amortization of prior service costs (credits) 0.6 0.9 ( 15.7) ( 4.1) 0.3 0.5 Other adjustments - - - - 9.7 6.5 Curtailment gain ( 14.3) - ( 5.7) - - - Net (income) expense $ ( 7.3) $ ( 11.4) $ ( 34.3) $ ( 14.1) $ 18.7 $ 17.2

Business Segment and Geograph_2

Business Segment and Geographic Information (Tables)	9 Months Ended
	Feb. 27, 2022
Business Segment and Geographic Information [Abstract]
Schedule of operating segment results [Table Text Block]	Quarter Ended Nine-Month Period Ended In Millions Feb. 27, 2022 Feb. 28, 2021 Feb. 27, 2022 Feb. 28, 2021 Net sales: North America Retail $ 2,811.9 $ 2,786.0 $ 8,567.1 $ 8,539.3 International 721.0 939.8 2,566.0 2,710.9 Pet 567.7 436.3 1,649.1 1,288.0 North America Foodservice 437.1 357.9 1,319.4 1,065.2 Total $ 4,537.7 $ 4,520.0 $ 14,101.6 $ 13,603.4 Operating profit: North America Retail $ 611.5 $ 628.8 $ 1,935.5 $ 2,076.8 International 35.9 41.4 155.9 180.8 Pet 110.6 102.3 357.3 311.9 North America Foodservice 35.2 40.6 174.9 137.6 Total segment operating profit $ 793.2 $ 813.1 $ 2,623.6 $ 2,707.1 Unallocated corporate items 140.9 ( 24.5) 328.9 98.3 Divestitures gain ( 170.1) - ( 170.1) - Restructuring, impairment, and other exit costs 7.1 11.0 5.1 11.9 Operating profit $ 815.3 $ 826.6 $ 2,459.7 $ 2,596.9 Quarter Ended Nine-Month Period Ended In Millions Feb. 27, 2022 Feb. 28, 2021 Feb. 27, 2022 Feb. 28, 2021 U.S. Meals & Baking Solutions $ 968.0 $ 990.7 $ 3,032.6 $ 3,169.0 U.S. Morning Foods 858.0 823.2 2,514.4 2,495.8 U.S. Snacks 745.0 726.8 2,282.3 2,172.0 Canada 240.9 245.3 737.8 702.5 Total $ 2,811.9 $ 2,786.0 $ 8,567.1 $ 8,539.3
Net sales by class of similar products [Table Text Block]	Quarter Ended Nine-Month Period Ended In Millions Feb. 27, 2022 Feb. 28, 2021 Feb. 27, 2022 Feb. 28, 2021 Snacks $ 925.3 $ 871.9 $ 2,827.4 $ 2,608.6 Convenient meals 772.8 785.0 2,258.1 2,334.8 Cereal 754.4 715.4 2,227.6 2,168.7 Pet 568.1 436.3 1,649.5 1,288.0 Dough 446.6 498.0 1,458.8 1,456.8 Baking mixes and ingredients 465.9 416.8 1,379.4 1,293.6 Yogurt 349.3 505.3 1,362.3 1,513.5 Super-premium ice cream 151.4 164.0 596.2 596.4 Other 103.9 127.3 342.3 343.0 Total $ 4,537.7 $ 4,520.0 $ 14,101.6 $ 13,603.4

Acquisition and Divestiture (Na

Acquisition and Divestiture (Narrative) (Details) - USD ($) $ in Millions	3 Months Ended				9 Months Ended
	Feb. 27, 2022	Nov. 28, 2021	Aug. 29, 2021	Feb. 28, 2021	Feb. 27, 2022	Feb. 28, 2021	May 30, 2021
Business Acquisition [Line Items]
Payments to Acquire Businesses, Gross					$ 1,201.3	$ 0
Goodwill	$ 14,546.7				14,546.7		$ 14,062.4
Noncontrolling Interest [Line Items]
Net pre-tax gain	170.1			$ 0	$ 170.1	$ 0
European dough businesses [Member]
Noncontrolling Interest [Line Items]
Net pre-tax gain		$ 21.3
Yoplait Marques SNC and Liberte Marques Sarl [Member]
Noncontrolling Interest [Line Items]
Net pre-tax gain	148.8
Tyson Foods pet treats [Member]
Business Acquisition [Line Items]
Payments to Acquire Businesses, Gross			$ 1,200
Goodwill			759.4
Goodwill, Purchase Accounting Adjustments	$ 2.9
Tyson Foods pet treats [Member] | Customer Relationships [Member]
Business Acquisition [Line Items]
Finite-Lived Intangibles			40
Tyson Foods pet treats [Member] | Nudges, Top Chews and True Chews brands [Member]
Business Acquisition [Line Items]
Indefinite-Lived Intangible Assets			$ 330

Restructuring, Impairment, an_3

Restructuring, Impairment, and Other Exit Costs (Narrative) (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Feb. 27, 2022	Feb. 28, 2021	Feb. 27, 2022	Feb. 28, 2021
Restructuring and Related Cost [Line Items]
Restructuring charges, impairment, and other exit costs	$ 9.3	$ 11.7	$ 7.9	$ 13.6
Minimum [Member]
Restructuring and Related Cost [Line Items]
Cash payments for restructuring	120
Maximum [Member]
Restructuring and Related Cost [Line Items]
Cash payments for restructuring	130
Charges associated with restructuring actions previously announced [Member]
Restructuring and Related Cost [Line Items]
Restructuring charges, impairment, and other exit costs	$ 7.6	11.7	(6.4)	13.6
Cash payments for restructuring			70.4	7.9
Expected completion date of actions	May 26, 2024
Charges associated with restructuring actions previously announced [Member] | Minimum [Member]
Restructuring and Related Cost [Line Items]
Expected net expense of restructuring action	$ 150		150
Charges associated with restructuring actions previously announced [Member] | Maximum [Member]
Restructuring and Related Cost [Line Items]
Expected net expense of restructuring action	160		160
International manufacturing and logistics operations [Member]
Restructuring and Related Cost [Line Items]
Restructuring charges, impairment, and other exit costs	$ 1.7	$ 0	$ 14.3	$ 0

Restructuring, Impairment, an_4

Restructuring, Impairment, and Other Exit Costs (Restructuring by Project) (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Feb. 27, 2022	Feb. 28, 2021	Feb. 27, 2022	Feb. 28, 2021
Restructuring and Related Cost [Line Items]
Total restructuring charges (recoveries)	$ 9.3	$ 11.7	$ 7.9	$ 13.6
International manufacturing and logistics operations [Member]
Restructuring and Related Cost [Line Items]
Total restructuring charges (recoveries)	1.7	0	14.3	0
Charges (recoveries) associated with restructuring actions previously announced [Member]
Restructuring and Related Cost [Line Items]
Total restructuring charges (recoveries)	$ 7.6	$ 11.7	$ (6.4)	$ 13.6

Restructuring, Impairment, an_5

Restructuring, Impairment, and Other Exit Costs (Schedule of restructuring and impairment charges and project-related costs) (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Feb. 27, 2022	Feb. 28, 2021	Feb. 27, 2022	Feb. 28, 2021
Restructuring and Related Cost [Line Items]
Total restructuring charges (recoveries)	$ 9.3	$ 11.7	$ 7.9	$ 13.6
Restructuring, impairment, and other exit costs [Member]
Restructuring and Related Cost [Line Items]
Total restructuring charges (recoveries)	7.1	11	5.1	11.9
Cost of Sales [Member]
Restructuring and Related Cost [Line Items]
Total restructuring charges (recoveries)	$ 2.2	$ 0.7	$ 2.8	$ 1.7

Restructuring, Impairment, an_6

Restructuring, Impairment, and Other Exit Costs ( Rollforward of restructuring and other exit cost reserves) (Details) $ in Millions	9 Months Ended
	Feb. 27, 2022USD ($)
Restructuring Reserve [Roll Forward]
Reserve beginning balance	$ 148.8
Fiscal 2022 charges, including foreign currency translation	1.4
Utilized in fiscal 2022	(61.4)
Reserve ending balance	$ 88.8

Goodwill and Other Intangible_3

Goodwill and Other Intangible Assets (Narrative) (Details)	9 Months Ended
	Feb. 27, 2022USD ($)
Goodwill and Other Intangible Assets [Abstract]
Future Amortization Expense, Year One	$ 20,000,000
Future Amortization Expense, Year Two	20,000,000
Future Amortization Expense, Year Three	20,000,000
Future Amortization Expense, Year Four	20,000,000
Future Amortization Expense, Year Five	20,000,000
Impairment of intangible assets	$ 0

Goodwill and Other Intangible_4

Goodwill and Other Intangible Assets (Schedule of components of goodwill and other intangible assets) (Details) - USD ($) $ in Millions	Feb. 27, 2022	May 30, 2021
Goodwill and Other Intangible Assets [Abstract]
Goodwill	$ 14,546.7	$ 14,062.4
Intangible assets not subject to amortization:
Brands and other indefinite-lived intangibles	6,731.2	6,628.1
Intangible assets subject to amortization:
Franchise agreements, customer relationships, and other finite-lived intangibles	403.3	823.4
Less accumulated amortization	(123.6)	(300.9)
Intangible assets subject to amortization, net	279.7	522.5
Other intangible assets	7,010.9	7,150.6
Total	$ 21,557.6	$ 21,213

Goodwill and Other Intangible_5

Goodwill and Other Intangible Assets (Schedule of changes in the carrying amount of goodwill) (Details) $ in Millions	9 Months Ended
	Feb. 27, 2022USD ($)
Goodwill [Line Items]
Beginning balance	$ 14,062.4
Acquisition	762.3
Divestitures	(198.8)
Other activity, primarily foreign currency translation	(79.2)
Ending balance	14,546.7
North America Retail [Member]
Goodwill [Line Items]
Beginning balance	6,689.3
Acquisition	0
Divestitures	0
Other activity, primarily foreign currency translation	(6.3)
Ending balance	6,683
Pet [Member]
Goodwill [Line Items]
Beginning balance	5,300.5
Acquisition	762.3
Divestitures	0
Other activity, primarily foreign currency translation	0
Ending balance	6,062.8
North America Foodservice [Member]
Goodwill [Line Items]
Beginning balance	648.8
Acquisition	0
Divestitures	0
Other activity, primarily foreign currency translation	0
Ending balance	648.8
Europe & Australia [Member]
Goodwill [Line Items]
Beginning balance	978.2
Acquisition	0
Divestitures	(198.8)
Other activity, primarily foreign currency translation	(39.1)
Ending balance	740.3
Joint Ventures [Member]
Goodwill [Line Items]
Beginning balance	445.6
Acquisition	0
Divestitures	0
Other activity, primarily foreign currency translation	(33.8)
Ending balance	$ 411.8

Goodwill and Other Intangible_6

Goodwill and Other Intangible Assets (Schedule of changes in the carrying amount of other intangible assets) (Details) $ in Millions	9 Months Ended
	Feb. 27, 2022USD ($)
Indefinite-lived Intangible Assets [Line Items]
Beginning balance	$ 7,150.6
Acquisition	370
Divestitures	(621.8)
Other activity, primarily foreign currency translation	(98.3)
Ending balance	7,010.9
Intellectual property [Member]
Indefinite-lived Intangible Assets [Line Items]
Acquisition	$ 210.4

Goodwill and Other Intangible_7

Goodwill and Other Intangible Assets (Schedule of Uncle Toby's brand intangible asset) (Details) - USD ($) $ in Millions	Feb. 27, 2022	May 30, 2021
Indefinite-lived Intangible Assets [Line Items]
Carrying Value of Intangible Asset	$ 7,010.9	$ 7,150.6
Uncle Toby's brand [Member]
Indefinite-lived Intangible Assets [Line Items]
Carrying Value of Intangible Asset	$ 55
Excess Fair Value as of Fiscal 2022 Test Date	0.07%

Inventories (Details)

Inventories (Details) - USD ($) $ in Millions	Feb. 27, 2022	May 30, 2021
Inventories [Abstract]
Raw materials and packaging	$ 458.4	$ 411.9
Finished goods	1,408.5	1,506.9
Grain	168.3	111.2
Excess of FIFO over LIFO cost	(325.2)	(209.5)
Total	$ 1,710	$ 1,820.5

Risk Management Activities (Nar

Risk Management Activities (Narrative) (Details) - USD ($) $ in Millions	9 Months Ended
	Feb. 27, 2022	Feb. 28, 2021
Credit Risk [Abstract]
Accounts Payable to Suppliers that Utilize Third Party Service	$ 1,382.8	$ 1,420.3
Commodity Contracts [Member]
Derivative [Line Items]
Derivative, Notional Amount	$ 634.1
Derivative Contracts Inputs, Average Period of Utilization	12 months
Energy Related Derivative [Member]
Derivative [Line Items]
Derivative, Notional Amount	$ 147.7
Agricultural Related Derivative [Member]
Derivative [Line Items]
Derivative, Notional Amount	$ 486.4

Risk Management Activities (Sch

Risk Management Activities (Schedule of unallocated corporate items) (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Feb. 27, 2022	Feb. 28, 2021	Feb. 27, 2022	Feb. 28, 2021
Commodity Price Risk [Abstract]
Net gain on mark-to-market valuation of certain commodity positions	$ 72.3	$ 51	$ 119.3	$ 95
Net (gain) loss on commodity positions reclassified from unallocated corporate items to segment operating profit	(48.1)	(3.9)	(118.7)	12.8
Net mark-to-market revaluation of certain grain inventories	(44.2)	8.6	15.6	10.2
Net mark-to-market valuation of certain commodity positions recognized in unallocated corporate items	$ (20)	$ 55.7	$ 16.2	$ 118

Debt (Narrative) (Details)

Debt (Narrative) (Details) € in Millions, $ in Millions	3 Months Ended							9 Months Ended
	Nov. 28, 2021USD ($)	Nov. 28, 2021EUR (€)	Aug. 29, 2021EUR (€)	May 30, 2021USD ($)	Feb. 28, 2021USD ($)	Nov. 29, 2020EUR (€)	Aug. 30, 2020EUR (€)	Feb. 27, 2022USD ($)	Feb. 28, 2021USD ($)
Debt Instrument [Line Items]
Long-term debt, carrying value								$ 11,545.4
Issuance of long-term debt								1,935.2	$ 1,576.5
Repayment of long-term debt								2,278.2	1,159
Debt exchange participation incentive cash payment					$ 201.4			$ 0	$ 201.4
Committed Credit Facilities [Member]
Debt Instrument [Line Items]
Minimum fixed charge coverage ratio								2.5
0.125% fixed-rate notes due November 15, 2025 [Member]
Debt Instrument [Line Items]
Issuance of long-term debt | €		€ 500
Fixed interest rate percentage	0.125%	0.125%
Debt Instrument, Maturity Date	Nov. 15, 2025	Nov. 15, 2025
Floating-rate notes due May 16, 2023 [Member]
Debt Instrument [Line Items]
Issuance of long-term debt	$ 250
Debt Instrument, Maturity Date	May 16, 2023	May 16, 2023
3.15% fixed-rate notes due December 15, 2021 [Member]
Debt Instrument [Line Items]
Repayment of long-term debt	$ 1,000
Fixed interest rate percentage	3.15%	3.15%
Debt Instrument, Maturity Date	Dec. 15, 2021	Dec. 15, 2021
2.25% notes due October 14, 2031 [Member]
Debt Instrument [Line Items]
Issuance of long-term debt	$ 500
Fixed interest rate percentage	2.25%	2.25%
Debt Instrument, Maturity Date	Oct. 14, 2031	Oct. 14, 2031
Debt redemption date	Oct. 14, 2021	Oct. 14, 2021
Floating-rate notes due July 27, 2023 [Member]
Debt Instrument [Line Items]
Issuance of long-term debt | €			€ 500
Debt Instrument, Maturity Date			Jul. 27, 2023
2.2% percent fixed-rate notes due June 24, 2021 [Member]
Debt Instrument [Line Items]
Repayment of long-term debt | €			€ 200
Fixed interest rate percentage			2.20%
Debt Instrument, Maturity Date			Jun. 24, 2021
2.2% percent fixed-rate notes due November 29, 2021 [Member]
Debt Instrument [Line Items]
Issuance of long-term debt | €			€ 50
Fixed interest rate percentage			2.20%
Debt Instrument, Maturity Date			Nov. 29, 2021
3.2% percent fixed-rate notes [Member]
Debt Instrument [Line Items]
Repayment of long-term debt				$ 600
Fixed interest rate percentage				3.20%
3.0 percent fixed-rate notes due February 1, 2051 [Member]
Debt Instrument [Line Items]
Issuance of long-term debt					$ 605.2
Fixed interest rate percentage					3.00%				3.00%
Debt Instrument, Maturity Date					Feb. 1, 2051
0.00% Fixed Rate Notes Due Nov. 16 2021 [Member]
Debt Instrument [Line Items]
Issuance of long-term debt | €						€ 500
Repayment of long-term debt | €		€ 500
Fixed interest rate percentage	0.00%	0.00%				0.00%
Debt Instrument, Maturity Date	Nov. 16, 2021	Nov. 16, 2021				Nov. 16, 2021
0.00% Fixed Rate Notes [Member]
Debt Instrument [Line Items]
Repayment of long-term debt | €						€ 200
Fixed interest rate percentage						0.00%
0.00% Fixed Rate Notes Due Aug.21, 2021 [Member]
Debt Instrument [Line Items]
Issuance of long-term debt | €							€ 500
Repayment of long-term debt | €			€ 500
Fixed interest rate percentage			0.00%				0.00%
Debt Instrument, Maturity Date			Aug. 21, 2021				Aug. 21, 2021
2.1 % Fixed Rate Notes [Member]
Debt Instrument [Line Items]
Repayment of long-term debt | €							€ 500
Fixed interest rate percentage							2.10%
Floating Rate Notes [Member]
Debt Instrument [Line Items]
Repayment of long-term debt				$ 850
Notes previously issued [Member]
Debt Instrument [Line Items]
Modification of Debt					$ 603.9
Notes previously issued [Member] | Minimum [Member]
Debt Instrument [Line Items]
Fixed interest rate percentage					4.15%				4.15%
Notes previously issued [Member] | Maximum [Member]
Debt Instrument [Line Items]
Fixed interest rate percentage					5.40%				5.40%
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 February 27, 2022.
Certain long-term debt agreements containing restrictive covenants [Member]
Debt Instrument [Line Items]
Covenant compliance								As of February 27, 2022, we were in compliance with all of these covenants.
Fair Value Inputs Level 2 [Member]
Debt Instrument [Line Items]
Long-term debt, fair value								$ 11,841.5

Debt (Schedule of components of

Debt (Schedule of components of notes payable) (Details) - USD ($) $ in Millions	Feb. 27, 2022	May 30, 2021
Short-term Debt [Line Items]
Notes payable	$ 724.3	$ 361.3
U.S. commercial paper [Member]
Short-term Debt [Line Items]
Notes payable	604.5	0
Financial Institutions [Member]
Short-term Debt [Line Items]
Notes payable	$ 119.8	$ 361.3

Debt (Schedule of fee-paid comm

Debt (Schedule of fee-paid committed and uncommitted credit lines) (Details) $ in Billions	9 Months Ended
	Feb. 27, 2022USD ($)
Line Of Credit Facility [Line Items]
Facility Amount	$ 3.3
Borrowed Amount	0.1
Committed Credit Facilities [Member]
Line Of Credit Facility [Line Items]
Facility Amount	2.7
Borrowed Amount	0
Line of Credit Expiring April 2026 [Member]
Line Of Credit Facility [Line Items]
Facility Amount	2.7
Borrowed Amount	$ 0
Expiration date of credit facility	Apr. 30, 2026
Uncommitted Credit Facilities [Member]
Line Of Credit Facility [Line Items]
Facility Amount	$ 0.6
Borrowed Amount	$ 0.1

Redeemable and Noncontrolling_2

Redeemable and Noncontrolling Interests (Narratives) (Details) - USD ($) $ in Millions	Jun. 01, 2021	Nov. 28, 2021	Feb. 27, 2022	May 30, 2021
Noncontrolling Interest [Line Items]
Redeemable interest value			$ 0	$ 604.9
Noncontrolling interests covenant compliance			Our noncontrolling interests contain restrictive covenants. As of February 27, 2022, we were in compliance with all of these covenants.
General Mills Cereals, LLC [Member] | Preferred Class A [Member] | Third Party Interest Holder [Member]
Noncontrolling Interest [Line Items]
Noncontrolling Interest Holders Capital Account, General Mills Cereals, LLC			$ 251.5
Preferred return rate adjustment period			3 years
Preferred distributions variable rate			three-month LIBOR
Preferred distributions, basis spread on variable rate	1.60%
Sodiaal Redeemable Interest [Member] | Yoplait SAS [Member]
Noncontrolling Interest [Line Items]
Redeemable interest percentage			49.00%
Net purchases from related party		$ 99.5	$ 155

Stockholders' Equity (Schedule

Stockholders' Equity (Schedule of total comprehensive income (loss)) (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Feb. 27, 2022	Feb. 28, 2021	Feb. 27, 2022	Feb. 28, 2021
Reclassification to earnings:
Foreign currency translation	$ 342.2	$ 0	$ 342.2	$ 0
Other Comprehensive Income (Loss), Net of Tax:
Net earnings attributable to General Mills	660.3	595.7	1,884.5	1,923
Net earnings attributable to redeemable and noncontrolling interests	2.3	8.1	24.7	23.1
Foreign currency translation	(122.5)	12.5	(184.9)	102.4
Other fair value changes:
Hedge derivatives	(30.8)	0.1	(10.4)	(10.1)
Reclassification to earnings:
Amortization of losses and prior service costs	22.3	19.8	53.5	59.1
Hedge derivatives	30.2	5.4	34.4	4.7
Other comprehensive (loss) income, net of tax	241.4	37.8	234.8	156.1
Total comprehensive income (loss) attributable to General Mills	901.7	620.6	2,191	1,994.7
General Mills [Member]
Other comprehensive income (loss) Pretax:
Foreign currency translation	(125.7)	(7.8)	(166.6)	(41.4)
Other fair value changes:
Hedge derivatives	(23.9)	2.5	8	(11.1)
Reclassification to earnings:
Foreign currency translation	342.2		342.2
Amortization of losses and prior service costs	28.8	25.6	68.8	76.7
Hedge derivatives	23.1	6.8	23	6.7
Other comprehensive (loss) income (Pretax)	244.5	27.1	275.4	30.9
Other comprehensive income (loss) Tax:
Foreign currency translation	3.2	6.7	53.7	58.3
Other fair value changes:
Hedge derivatives	(6.9)	(1.5)	(18.9)	2
Reclassification to earnings:
Foreign currency translation	0		0
Amortization of losses and prior service costs (b)	(6.5)	(5.8)	(15.3)	(17.6)
Hedge derivatives	7.1	(1.6)	11.6	(1.9)
Other comprehensive income (loss), tax	(3.1)	(2.2)	31.1	40.8
Other Comprehensive Income (Loss), Net of Tax:
Net earnings attributable to General Mills	660.3	595.7	1,884.5	1,923
Foreign currency translation	(122.5)	(1.1)	(112.9)	16.9
Other fair value changes:
Hedge derivatives	(30.8)	1	(10.9)	(9.1)
Reclassification to earnings:
Foreign currency translation	342.2		342.2
Amortization of losses and prior service costs	22.3	19.8	53.5	59.1
Hedge derivatives	30.2	5.2	34.6	4.8
Other comprehensive (loss) income, net of tax	241.4	24.9	306.5	71.7
Total comprehensive income (loss) attributable to General Mills	901.7	620.6	2,191	1,994.7
Noncontrolling Interests [Member]
Other Comprehensive Income (Loss), Net of Tax:
Net earnings attributable to redeemable and noncontrolling interests	2.3	1.1	7.2	3.9
Foreign currency translation	0	2.6	(25)	27.9
Other fair value changes:
Hedge derivatives	0	0	0	0
Reclassification to earnings:
Amortization of losses and prior service costs	0	0	0	0
Hedge derivatives	0	0	0	0
Other comprehensive (loss) income, net of tax	0	2.6	(25)	27.9
Total comprehensive income (loss) attributable to noncontrolling interests	2.3	3.7	(17.8)	31.8
Redeemable Interest [Member]
Other Comprehensive Income (Loss), Net of Tax:
Net earnings attributable to redeemable and noncontrolling interests	0	7	17.5	19.2
Foreign currency translation	0	11	(47)	57.6
Other fair value changes:
Hedge derivatives	0	(0.9)	0.5	(1)
Reclassification to earnings:
Amortization of losses and prior service costs	0	0	0	0
Hedge derivatives	0	0.2	(0.2)	(0.1)
Other comprehensive (loss) income, net of tax	0	10.3	(46.7)	56.5
Total comprehensive income (loss) attributable to redeemable interests	$ 0	$ 17.3	$ (29.2)	$ 75.7

Stockholders' Equity (Schedul_2

Stockholders' Equity (Schedule of accumulated other comprehensive loss balances, net of tax effects) (Details) - USD ($) $ in Millions	Feb. 27, 2022	May 30, 2021
Accumulated Other Comprehensive Loss, Net of Tax Effects [Abstract]
Foreign currency translation adjustments	$ (600.9)	$ (830.2)
Unrealized gain (loss) from:
Hedge derivatives	5.2	(18.5)
Pension, other postretirement, and postemployment benefits:
Net actuarial loss	(1,641.5)	(1,718.4)
Prior service credits	114.5	137.9
Accumulated other comprehensive loss	$ (2,122.7)	$ (2,429.2)

Stock Plans (Narrative) (Detail

Stock Plans (Narrative) (Details) $ in Millions	9 Months Ended
	Feb. 27, 2022USD ($)
Share-based Compensation Allocation and Classification in Financial Statements [Abstract]
Unrecognized compensation expense related to non-vested stock options, restricted stock, and performance share units	$ 120.5
Unrecognized compensation expense on non-vested awards weighted average period of recognition	21 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 12 to the Consolidated Financial Statements included in our Annual Report on Form 10-K for the fiscal year ended May 30, 2021.

Stock Plans (Schedule of compen

Stock Plans (Schedule of compensation expense related to stock-based payments) (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Feb. 27, 2022	Feb. 28, 2021	Feb. 27, 2022	Feb. 28, 2021
Stock Plans [Abstract]
Compensation expense related to stock-based payments	$ 31.4	$ 20.8	$ 78.9	$ 69.5

Stock Plans (Schedule of Windfa

Stock Plans (Schedule of Windfall tax benefits from stock-based payments in income tax expense) (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Feb. 27, 2022	Feb. 28, 2021	Feb. 27, 2022	Feb. 28, 2021
Stock Plans [Abstract]
Windfall tax benefits from stock-based payments	$ 6.7	$ 1.6	$ 13	$ 8.4

Stock Plans (Schedule of net ca

Stock Plans (Schedule of net cash proceeds received from the exercise of stock options) (Details) - USD ($) $ in Millions	9 Months Ended
	Feb. 27, 2022	Feb. 28, 2021
Stock Plans [Abstract]
Net cash proceeds	$ 96.2	$ 39.4
Intrinsic value of options exercised	$ 44.4	$ 24.2

Stock Plans (Schedule of estima

Stock Plans (Schedule of estimated fair value of stock options granted and the assumptions used for the Black-Scholes option-pricing model) (Details) - $ / shares	9 Months Ended
	Feb. 27, 2022	Feb. 28, 2021
Stock Plans [Abstract]
Estimated fair values of stock options granted	$ 8.77	$ 8.03
Assumptions:
Risk-free interest rate	1.50%	0.70%
Expected term	8 years 6 months	8 years 6 months
Expected volatility	20.20%	19.50%
Dividend yield	3.40%	3.30%

Stock Plans (Schedule of grant

Stock Plans (Schedule of grant date fair value of restricted stock unit awards activity) (Details) - USD ($) $ in Millions	9 Months Ended
	Feb. 27, 2022	Feb. 28, 2021
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other Than Options, Additional Disclosures [Abstract]
Total grant date fair value	$ 79	$ 73

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		9 Months Ended
	Feb. 27, 2022	Feb. 28, 2021	Feb. 27, 2022	Feb. 28, 2021
Earnings Per Share [Abstract]
Net earnings attributable to General Mills	$ 660.3	$ 595.7	$ 1,884.5	$ 1,923
Average number of common shares - basic EPS	606.8	615	608.6	614.6
Earnings Per Share, Basic and Diluted [Abstract]
Average number of common shares - diluted EPS	612.4	619.4	613.5	619.6
Earnings per share - basic	$ 1.09	$ 0.97	$ 3.10	$ 3.13
Earnings per share - diluted	$ 1.08	$ 0.96	$ 3.07	$ 3.10
Stock Options [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Incremental share effect	2.9	2	2.4	2.6
Restricted stock units and performance share units [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Incremental share effect	2.7	2.4	2.5	2.4

Earnings per Share (Schedule _2

Earnings per Share (Schedule of anti-dulitive stock options, restricted stock units and performance share units (Details) - shares shares in Millions	3 Months Ended		9 Months Ended
	Feb. 27, 2022	Feb. 28, 2021	Feb. 27, 2022	Feb. 28, 2021
Other Disclosures [Abstract]
Anti-dilutive stock options, restricted stock units, and performance share units	1	4.8	4.5	3.4

Share Repurchases (Details)

Share Repurchases (Details) - Treasury Stock [Member] - USD ($) shares in Millions, $ in Millions	3 Months Ended		9 Months Ended
	Feb. 27, 2022	Feb. 28, 2021	Feb. 27, 2022	Feb. 28, 2021
Shares of common stock	2.6	0	8.8	0
Aggregate purchase price	$ 175.5	$ 0.5	$ 550.5	$ 0.6

Statements of Cash Flows (Conso

Statements of Cash Flows (Consolidated Statements of Cash Flows) (Details) - USD ($) $ in Millions	9 Months Ended
	Feb. 27, 2022	Feb. 28, 2021
Statements of Cash Flows [Abstract]
Net cash interest payments	$ 234.2	$ 286.1
Net income tax payments	$ 397.3	$ 459.8

Retirement and Postemployment_3

Retirement and Postemployment Benefits (Schedule of Components of net periodic benefit (income) expense) (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Feb. 27, 2022	Feb. 28, 2021	Feb. 27, 2022	Feb. 28, 2021
Defined Benefit Pension Plans [Member]
Defined Benefit Plan Disclosure [Line Items]
Service cost	$ 23.2	$ 26.1	$ 70.4	$ 78.1
Interest cost	46	48	138.4	143.9
Expected return on plan assets	(102.8)	(105.3)	(308.5)	(315.4)
Amortization of losses (gains)	35.7	27.1	106.1	81.1
Amortization of prior service costs (credits)	0.2	0.3	0.6	0.9
Other adjustments	0	0	0	0
Curtailment loss			(14.3)	0
Net expense (income)	2.3	(3.8)	(7.3)	(11.4)
Other Postretirement Benefit Plans [Member]
Defined Benefit Plan Disclosure [Line Items]
Service cost	2	2	5.8	6.3
Interest cost	3.1	4.5	9.4	13.5
Expected return on plan assets	(6.6)	(8.7)	(20)	(26)
Amortization of losses (gains)	(2.7)	(1.3)	(8.1)	(3.8)
Amortization of prior service costs (credits)	(5.3)	(1.3)	(15.7)	(4.1)
Other adjustments	0	0	0	0
Curtailment loss			(5.7)	0
Net expense (income)	(9.5)	(4.8)	(34.3)	(14.1)
Postemployment Benefit Plans [Member]
Defined Benefit Plan Disclosure [Line Items]
Service cost	1.8	2.3	5.3	6.9
Interest cost	0.4	0.4	1.1	1.2
Expected return on plan assets	0	0	0	0
Amortization of losses (gains)	0.8	0.7	2.3	2.1
Amortization of prior service costs (credits)	0.1	0.1	0.3	0.5
Other adjustments	4	2.1	9.7	6.5
Curtailment loss			0	0
Net expense (income)	$ 7.1	$ 5.6	$ 18.7	$ 17.2

Business Segment and Geograph_3

Business Segment and Geographic Information (Schedule of operating segment results) (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Feb. 27, 2022	Feb. 28, 2021	Feb. 27, 2022	Feb. 28, 2021
Segment Reporting Information [Line Items]
Net sales	$ 4,537.7	$ 4,520	$ 14,101.6	$ 13,603.4
Operating profit	815.3	826.6	2,459.7	2,596.9
Divestitures gain	(170.1)	0	(170.1)	0
Restructuring, impairment, and other exit costs	7.1	11	5.1	11.9
Operating Segments [Member]
Segment Reporting Information [Line Items]
Net sales	4,537.7	4,520	14,101.6	13,603.4
Operating profit	793.2	813.1	2,623.6	2,707.1
Unallocated Corporate Items [Member]
Segment Reporting Information [Line Items]
Operating profit	140.9	(24.5)	328.9	98.3
North America Retail [Member] | Operating Segments [Member]
Segment Reporting Information [Line Items]
Net sales	2,811.9	2,786	8,567.1	8,539.3
Operating profit	611.5	628.8	1,935.5	2,076.8
U.S. Meals & Baking [Member] | Operating Segments [Member]
Segment Reporting Information [Line Items]
Net sales	968	990.7	3,032.6	3,169
U.S. Morning Foods [Member] | Operating Segments [Member]
Segment Reporting Information [Line Items]
Net sales	858	823.2	2,514.4	2,495.8
U.S. Snacks [Member] | Operating Segments [Member]
Segment Reporting Information [Line Items]
Net sales	745	726.8	2,282.3	2,172
Canada [Member] | Operating Segments [Member]
Segment Reporting Information [Line Items]
Net sales	240.9	245.3	737.8	702.5
International [Member] | Operating Segments [Member]
Segment Reporting Information [Line Items]
Net sales	721	939.8	2,566	2,710.9
Operating profit	35.9	41.4	155.9	180.8
Pet [Member] | Operating Segments [Member]
Segment Reporting Information [Line Items]
Net sales	567.7	436.3	1,649.1	1,288
Operating profit	110.6	102.3	357.3	311.9
North America Foodservice [Member] | Operating Segments [Member]
Segment Reporting Information [Line Items]
Net sales	437.1	357.9	1,319.4	1,065.2
Operating profit	$ 35.2	$ 40.6	$ 174.9	$ 137.6

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		9 Months Ended
	Feb. 27, 2022	Feb. 28, 2021	Feb. 27, 2022	Feb. 28, 2021
Product Information [Line Items]
Net sales	$ 4,537.7	$ 4,520	$ 14,101.6	$ 13,603.4
Snacks [Member]
Product Information [Line Items]
Net sales	925.3	871.9	2,827.4	2,608.6
Convenient meals [Member]
Product Information [Line Items]
Net sales	772.8	785	2,258.1	2,334.8
Cereal [Member]
Product Information [Line Items]
Net sales	754.4	715.4	2,227.6	2,168.7
Pet [Member]
Product Information [Line Items]
Net sales	568.1	436.3	1,649.5	1,288
Dough [Member]
Product Information [Line Items]
Net sales	446.6	498	1,458.8	1,456.8
Baking mixes and ingredients [Member]
Product Information [Line Items]
Net sales	465.9	416.8	1,379.4	1,293.6
Yogurt [Member]
Product Information [Line Items]
Net sales	349.3	505.3	1,362.3	1,513.5
Super-premium ice cream [Member]
Product Information [Line Items]
Net sales	151.4	164	596.2	596.4
Other [Member]
Product Information [Line Items]
Net sales	$ 103.9	$ 127.3	$ 342.3	$ 343