General Mills (GIS) 10-Q 23 Mar 23 2023 Q3 Quarterly report Financial data

Cover

Cover - shares	9 Months Ended
	Feb. 26, 2023	Mar. 13, 2023	May 29, 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. 26, 2023
Document Fiscal Period Focus	Q3
Document Fiscal Year Focus	2023
Current Fiscal Year End Date	--05-28
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		587,354,488
Shares held in the treasury	166,200,000	167,258,840	155,700,000
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. 26, 2023	Feb. 27, 2022	Feb. 26, 2023	Feb. 27, 2022
CONSOLIDATED STATEMENTS OF EARNINGS [ABSTRACT]
Net sales	$ 5,125.9	$ 4,537.7	$ 15,064.2	$ 14,101.6
Cost of sales	3,461.1	3,134	10,246.6	9,469.3
Selling, general, and administrative expenses	946.9	751.4	2,632.5	2,337.6
Divestitures gain, net	(13.7)	(170.1)	(444.6)	(170.1)
Restructuring, impairment, and other exit costs	1.4	7.1	14.1	5.1
Operating profit	730.2	815.3	2,615.6	2,459.7
Benefit plan non-service income	(21.6)	(27.1)	(65)	(84.4)
Interest, net	98.3	86.5	277.5	275.1
Earnings before income taxes and after-tax earnings from joint ventures	653.5	755.9	2,403.1	2,269
Income taxes	108.3	123.2	471.5	451.8
After-tax earnings from joint ventures	12.7	29.9	57.9	92
Net earnings, including earnings attributable to redeemable and noncontrolling interests	557.9	662.6	1,989.5	1,909.2
Net earnings attributable to redeemable and noncontrolling interests	4.8	2.3	10.5	24.7
Net earnings attributable to General Mills	$ 553.1	$ 660.3	$ 1,979	$ 1,884.5
Earnings per share - basic	$ 0.94	$ 1.09	$ 3.32	$ 3.10
Earnings per share - diluted	$ 0.92	$ 1.08	$ 3.28	$ 3.07

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income (Unaudited) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Feb. 26, 2023	Feb. 27, 2022	Feb. 26, 2023	Feb. 27, 2022
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME [ABSTRACT]
Net earnings, including earnings attributable to redeemable and noncontrolling interests	$ 557.9	$ 662.6	$ 1,989.5	$ 1,909.2
Other comprehensive income (loss), net of tax:
Foreign currency translation	12.5	(122.5)	(98.7)	(184.9)
Other fair value changes:
Hedge derivatives	(5.7)	(30.8)	(23.2)	(10.4)
Reclassification to earnings:
Foreign currency translation	0	342.2	(7.4)	342.2
Hedge derivatives	18.9	30.2	18.5	34.4
Amortization of losses and prior service costs	13.9	22.3	42.2	53.5
Other comprehensive income (loss), net of tax	39.6	241.4	(68.6)	234.8
Total comprehensive income	597.5	904	1,920.9	2,144
Comprehensive income (loss) attributable to redeemable and noncontrolling interests	4.9	2.3	9.9	(47)
Comprehensive income attributable to General Mills	$ 592.6	$ 901.7	$ 1,911	$ 2,191

Consolidated Balance Sheets (Un

Consolidated Balance Sheets (Unaudited) - USD ($) $ in Millions	Feb. 26, 2023	May 29, 2022
Current assets:
Cash and cash equivalents	$ 618.7	$ 569.4
Receivables	1,770.2	1,692.1
Inventories	2,083.3	1,867.3
Prepaid expenses and other current assets	643.8	802.1
Assets held for sale	0	158.9
Total current assets	5,116	5,089.8
Land, buildings, and equipment	3,353.6	3,393.8
Goodwill	14,487.8	14,378.5
Other intangible assets	6,968	6,999.9
Other assets	1,274.4	1,228.1
Total assets	31,199.8	31,090.1
Current liabilities:
Accounts payable	3,868.2	3,982.3
Current portion of long-term debt	2,487.2	1,674.2
Notes payable	959.8	811.4
Other current liabilities	2,103.1	1,552
Total current liabilities	9,418.3	8,019.9
Long-term debt	8,140.2	9,134.8
Deferred income taxes	2,151.6	2,218.3
Other liabilities	1,006	929.1
Total liabilities	20,716.1	20,302.1
Stockholders' equity:
Common stock, 754.6 shares issued, $0.10 par value	75.5	75.5
Additional paid-in capital	1,191.1	1,182.9
Retained earnings	19,226.5	18,532.6
Common stock in treasury, at cost, shares of 166.2 and 155.7	(8,220.1)	(7,278.1)
Accumulated other comprehensive loss	(2,038.5)	(1,970.5)
Total stockholders' equity	10,234.5	10,542.4
Noncontrolling interests	249.2	245.6
Total equity	10,483.7	10,788
Total liabilities and equity	$ 31,199.8	$ 31,090.1

Consolidated Balance Sheets (_2

Consolidated Balance Sheets (Unaudited) (Parenthetical) - $ / shares	Mar. 13, 2023	Feb. 26, 2023	May 29, 2022	Feb. 27, 2022
Stockholders' equity:
Common stock, shares issued		754,600,000	754,600,000
Common stock, par value		$ 0.10	$ 0.1	$ 0.1
Shares held in the treasury	167,258,840	166,200,000	155,700,000

Consolidated Statements of Tota

Consolidated Statements of Total Equity and Redeemable Interest (Unaudited) - USD ($) shares in Millions, $ in Millions	Total	Redeemable Interest [Member]	Issued Common Stock [Member]	Additional Paid-In Capital [Member]	Retained Earnings [Member]	Common stock in treasury [Member]	Accumulated Other Comprehensive Loss [Member]	Noncontrolling Interests [Member]
Beginning balance, treasury stock shares at May. 30, 2021						(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
Ending balance, treasury stock shares at Feb. 27, 2022						(152.4)
Beginning balance, equity at May. 30, 2021	$ 9,773.2			$ 1,365.5	$ 17,069.8	$ (6,611.2)	$ (2,429.2)	$ 302.8
Stockholders Equity Including Portion Attributable To Noncontrolling Interest [Abstract]
Shares purchased, value						(550.5)
Stock compensation plans, value				15.5		146.4
Unearned compensation related to stock unit awards				(91.3)
Earned compensation				85.4
Decrease in redemption value of redeemable interest		$ (14.1)		14.1
Net earnings attributable to General Mills	1,884.5				1,884.5
Comprehensive (loss) income							306.5	(17.8)
Cash dividends declared					(1,241.2)
Distributions to noncontrolling interest holders								(110.8)
Reclassification of Redeemable Interest								561.6
Reversal of Cumulative Redeemable Interest Value Adjustments				(207.4)				207.4
Acquisition of noncontrolling interest				(19.5)
Divestiture								(680.4)
Ending balance, equity at Feb. 27, 2022	10,075.7		$ 75.5	1,162.3	17,713.1	$ (7,015.3)	(2,122.7)	262.8
Beginning balance, equity attributable to redeemable noncontrolling interest at May. 30, 2021		604.9
Redeemable Interest
Comprehensive loss		(29.2)
Reclassification to noncontrolling interest		(561.6)
Decrease in redemption value of redeemable interest		(14.1)		14.1
Ending balance, equity attributable to redeemable noncontrolling interest at Feb. 27, 2022		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
Ending balance, treasury stock shares at Feb. 27, 2022						(152.4)
Beginning balance, equity at Nov. 28, 2021	9,804.7			1,365.1	17,363.2	$ (6,915.2)	(2,364.1)	280.2
Stockholders Equity Including Portion Attributable To Noncontrolling Interest [Abstract]
Shares purchased, value						(175.5)
Stock compensation plans, value				11.5		75.4
Unearned compensation related to stock unit awards				(19.1)
Earned compensation				31.7
Net earnings attributable to General Mills	660.3				660.3
Comprehensive (loss) income							241.4	2.3
Cash dividends declared					(310.4)
Distributions to noncontrolling interest holders								(108.3)
Reclassification of Redeemable Interest								561.6
Reversal of Cumulative Redeemable Interest Value Adjustments				(207.4)				207.4
Acquisition of noncontrolling interest				(19.5)
Divestiture								(680.4)
Ending balance, equity at Feb. 27, 2022	$ 10,075.7		$ 75.5	1,162.3	17,713.1	$ (7,015.3)	(2,122.7)	262.8
Beginning balance, equity attributable to redeemable noncontrolling interest at Nov. 28, 2021		561.6
Redeemable Interest
Reclassification to noncontrolling interest		(561.6)
Ending balance, equity attributable to redeemable noncontrolling interest at Feb. 27, 2022		0
Beginning balance, common stock shares at May. 29, 2022	754.6
Beginning balance, treasury stock shares at May. 29, 2022	(155.7)					(155.7)
Stockholders' Equity, Number of Shares
Shares purchased, shares						(15)
Stock compensation plans, shares						4.5
Ending balance, common stock shares at Feb. 26, 2023	754.6		754.6
Ending balance, treasury stock shares at Feb. 26, 2023	(166.2)					(166.2)
Beginning balance, equity at May. 29, 2022	$ 10,788			1,182.9	18,532.6	$ (7,278.1)	(1,970.5)	245.6
Stockholders Equity Including Portion Attributable To Noncontrolling Interest [Abstract]
Shares purchased, value						(1,152.3)
Stock compensation plans, value				23.8		210.3
Unearned compensation related to stock unit awards				(100.6)
Earned compensation				85
Decrease in redemption value of redeemable interest		0		0
Net earnings attributable to General Mills	1,979				1,979
Comprehensive (loss) income								9.9
Cash dividends declared					(1,285.1)
Other comprehensive (loss) income							(68)
Distributions to noncontrolling interest holders								(11.4)
Reclassification of Redeemable Interest								0
Reversal of Cumulative Redeemable Interest Value Adjustments				0				0
Acquisition of noncontrolling interest				0
Divestiture								5.1
Ending balance, equity at Feb. 26, 2023	$ 10,483.7		$ 75.5	1,191.1	19,226.5	$ (8,220.1)	(2,038.5)	249.2
Beginning balance, equity attributable to redeemable noncontrolling interest at May. 29, 2022		0
Redeemable Interest
Comprehensive loss		0
Reclassification to noncontrolling interest		0
Decrease in redemption value of redeemable interest		0		0
Ending balance, equity attributable to redeemable noncontrolling interest at Feb. 26, 2023		0
Beginning balance, treasury stock shares at Nov. 27, 2022						(164.4)
Stockholders' Equity, Number of Shares
Shares purchased, shares						(2.9)
Stock compensation plans, shares						1.1
Ending balance, common stock shares at Feb. 26, 2023	754.6		754.6
Ending balance, treasury stock shares at Feb. 26, 2023	(166.2)					(166.2)
Beginning balance, equity at Nov. 27, 2022	$ 10,372.1			1,155.3	18,991.9	$ (8,023.5)	(2,078)	250.9
Stockholders Equity Including Portion Attributable To Noncontrolling Interest [Abstract]
Shares purchased, value						(251)
Stock compensation plans, value				21.9		54.4
Unearned compensation related to stock unit awards				(14.8)
Earned compensation				28.7
Net earnings attributable to General Mills	553.1				553.1
Comprehensive (loss) income							39.5	4.9
Cash dividends declared					(318.5)
Distributions to noncontrolling interest holders								(6.6)
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. 26, 2023	$ 10,483.7		$ 75.5	$ 1,191.1	$ 19,226.5	$ (8,220.1)	$ (2,038.5)	$ 249.2
Beginning balance, equity attributable to redeemable noncontrolling interest at Nov. 27, 2022		0
Redeemable Interest
Reclassification to noncontrolling interest		0
Ending balance, equity attributable to redeemable noncontrolling interest at Feb. 26, 2023		$ 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. 26, 2023	Feb. 27, 2022	Feb. 26, 2023	Feb. 27, 2022
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	$ 0.54	$ 0.51	$ 2.16	$ 2.04

Consolidated Statements of Cash

Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Millions	9 Months Ended
	Feb. 26, 2023	Feb. 27, 2022
Cash Flows - Operating Activities
Net earnings, including earnings attributable to redeemable and noncontrolling interests	$ 1,989.5	$ 1,909.2
Adjustments to reconcile net earnings to net cash provided by operating activities:
Depreciation and amortization	411	430.6
After-tax earnings from joint ventures	(57.9)	(92)
Distributions of earnings from joint ventures	36.6	49
Stock-based compensation	86.7	80.3
Deferred income taxes	(71.2)	81.3
Pension and other postretirement benefit plan contributions	(20.2)	(20.7)
Pension and other postretirement benefit plan costs	(20.2)	(10.6)
Divestitures gain, net	(444.6)	(170.1)
Restructuring, impairment, and other exit costs	(14.6)	(62.5)
Changes in current assets and liabilities, excluding the effects of acquisitions and divestitures	21.3	91.5
Other, net	110.6	(57.9)
Net cash provided by operating activities	2,027	2,228.1
Cash Flows - Investing Activities
Purchases of land, buildings, and equipment	(351.3)	(350.6)
Acquisition, net of cash acquired	(251.5)	(1,201.3)
Proceeds from divestitures, net of cash divested	633.1	46.1
Investments in affiliates, net	(30.8)	30.1
Proceeds from disposal of land, buildings, and equipment	0.8	1.6
Other, net	(6.4)	12.3
Net cash used by investing activities	(6.1)	(1,461.8)
Cash Flows - Financing Activities
Change in notes payable	159.2	471.5
Issuance of long-term debt	501.8	1,935.2
Payment of long-term debt	(600)	(2,278.2)
Proceeds from common stock issued on exercised options	168	96.2
Purchases of common stock for treasury	(1,152.3)	(550.5)
Dividends paid	(967.4)	(934.1)
Distributions to noncontrolling and redeemable interest holders	(11.4)	(110.8)
Other, net	(53.5)	(26.8)
Net cash used by financing activities	(1,955.6)	(1,397.5)
Effect of exchange rate changes on cash and cash equivalents	(16)	(29.6)
Increase (decrease) in cash and cash equivalents	49.3	(660.8)
Cash and cash equivalents - beginning of year	569.4	1,505.2
Cash and cash equivalents - end of period	618.7	844.4
Cash Flow from changes in current assets and liabilities, excluding the effects of acquisitions and divestitures:
Receivables	(132.4)	(214.5)
Inventories	(237)	102.5
Prepaid expenses and other current assets	151.5	41.5
Accounts payable	(41.6)	(14)
Other current liabilities	280.8	176
Changes in current assets and liabilities	$ 21.3	$ 91.5

Background

Background	9 Months Ended
	Feb. 26, 2023
Background [Abstract]
Background	(1) Background The accompanying prepared in and with required presentation have any 2023, These Report on Form Statements are the same as those described in Note 2 to the Consolidated Financial Certain terms used throughout this report are defined in the “Glossary” section below.

Acquisitions And Divestitures

Acquisitions And Divestitures	9 Months Ended
	Feb. 26, 2023
Acquisitions And Divestitures [Abstract]
Acquisitions And Divestitures	(2) Acquisitions and Divestitures During national pizza 253.0 with U.S. commercial paper. $ 154.3 forma assets information is obtained reflect the resulting adjustments to our North America Foodservice segment on a one-month lag. During the Eagle Family Foods Group for $ 606.8 442.2 During Marques agreement Yoplait Liberté $ 148.8 During the third quarter of fiscal 2022, we sold a European dough business 21.3 During 1.2 transaction Balance 762.3 Nudges , Top , True Chews 330.0 40.0 included in the Pet segment and is deductible for tax purposes. The pro forma

Restructuring, Impairment, And

Restructuring, Impairment, And Other Exit Costs	9 Months Ended
	Feb. 26, 2023
Restructuring, Impairment, And Other Exit Costs [Abstract]
Restructuring, Impairment, And Other Exit Costs	(3) Restructuring, Impairment, and Other Exit Costs In the nine-month period ended February 26, 2023, we did not undertake 2.1 restructuring charges in the third quarter of fiscal 2023 and $ 16.0 February 26, 2023, related to restructuring actions previously announced. 9.3 third quarter of fiscal 2022 and $ 7.9 restructuring actions previously announced. We expect these actions to be completed by the end of fiscal 2024 . We paid net $ 30.6 announced. We 70.4 The roll forward of our restructuring and other exit cost reserves, included In Millions Total Reserve balance as of May 29, 2022 $ 36.8 Fiscal 2023 charges, including foreign currency translation 8.6 Utilized in fiscal 2023 (26.5) Reserve balance as of Feb. 26, 2023 $ 18.9 The reserve balance primarily consists of expected severance payments The charges to expense off other exit cost reserves on our Consolidated Balance Sheets.

Goodwill And Other Intangible A

Goodwill And Other Intangible Assets	9 Months Ended
	Feb. 26, 2023
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. 26, 2023 May 29, 2022 Goodwill $ 14,487.8 $ 14,378.5 Other intangible assets: Intangible assets not subject to amortization: Brands and other indefinite-lived intangibles 6,708.2 6,725.8 Intangible assets subject to amortization: Customer relationships and other finite-lived intangibles 385.5 400.3 Less accumulated amortization (125.7) (126.2) Intangible assets subject to amortization, net 259.8 274.1 Other intangible assets 6,968.0 6,999.9 Total $ 21,455.8 $ 21,378.4 Based on the five fiscal years is estimated to be approximately $ 20 The changes in the carrying amount of goodwill during the nine-month period In Millions North America Retail Pet North America Foodservice International Joint Ventures Total Balance as of May 29, 2022 $ 6,552.9 $ 6,062.8 $ 648.8 $ 721.6 $ 392.4 $ 14,378.5 Acquisition - - 154.3 - - 154.3 Divestitures (2.0) - - (0.4) - (2.4) Other activity, primarily (8.5) - - (27.2) (6.9) (42.6) Balance as of Feb. 26, 2023 $ 6,542.4 $ 6,062.8 $ 803.1 $ 694.0 $ 385.5 $ 14,487.8 The changes in the carrying amount of other intangible assets during the nine-month In Millions Total Balance as of May 29, 2022 $ 6,999.9 Acquisition 3.8 Divestiture (3.6) Other activity, primarily (32.1) Balance as of Feb. 26, 2023 $ 6,968.0 Our fiscal no excess of the Uncle Toby’s our fiscal 2023 Progresso EPIC monitor these businesses for potential impairment.

Inventories

Inventories	9 Months Ended
	Feb. 26, 2023
Inventories [Abstract]
Inventories	(5) Inventories The components of inventories were as follows: In Millions Feb. 26, 2023 May 29, 2022 Raw materials and packaging $ 560.2 $ 532.0 Finished goods 1,929.7 1,634.7 Grain 148.6 164.0 Excess of FIFO over LIFO cost (555.2) (463.4) Total $ 2,083.3 $ 1,867.3

Risk Management Activities

Risk Management Activities	9 Months Ended
	Feb. 26, 2023
Risk Management Activities [Abstract]
Risk Management Activities	(6) Risk Management Activities Many commodities we to manage price risk for our principal dairy products, natural with combination of purchase orders, long-term and swaps. close as possible to or below our planned cost. We hedge currently in cost of sales in our Consolidated Statements of Earnings. Although we do objective of providing certainty measuring operating results unallocated derivative without experiencing any resulting mark-to-market volatility, Unallocated corporate items for the quarters and nine-month periods ended Quarter Ended Nine-Month Period Ended In Millions Feb. 26, 2023 Feb. 27, 2022 Feb. 26, 2023 Feb. 27, 2022 Net (loss) gain on mark-to-market valuation of certain $ (30.2) $ 72.3 $ (123.4) $ 119.3 Net gain on commodity positions reclassified from (21.5) (48.1) (85.0) (118.7) Net mark-to-market revaluation of certain grain inventories (14.9) (44.2) (58.0) 15.6 Net mark-to-market valuation of certain commodity $ (66.6) $ (20.0) $ (266.4) $ 16.2 As 448.0 153.0 energy inputs and $ 295.0 next 12 As of February 26, 2023, the notional value of foreign exchange derivatives was $ 1,111.8 We also have net these investments with € 2,942.8 The material as of February 26, 2023, change our valuation techniques from prior periods. During 250.0 forward-starting interest rate swap. During 500.0 $ 500.0 November 18, 2025 , to a floating rate. Subsequent 500.0 notional amount of forward-starting interest rate swaps and $ 350.0 We services also We financial supplier 1,483.9 these 1,382.8 utilize these third-party services.

Debt

Debt	9 Months Ended
	Feb. 26, 2023
Debt [Abstract]
Debt	(7) Debt The components of notes payable were as follows: In Millions Feb. 26, 2023 May 29, 2022 U.S. commercial paper $ 948.1 $ 694.8 Financial institutions 11.7 116.6 Total $ 959.8 $ 811.4 To ensure availability and Europe. The following table details the fee-paid committed and uncommitted credit In Billions Facility Amount Borrowed Amount Committed credit facility expiring April 2026 $ 2.7 $ - Uncommitted credit facilities 0.6 - Total committed $ 3.3 $ - The 2.5 We were in compliance with all credit facility covenants as of February 26, 2023. Long-Term The fair 9,840.9 10,627.4 respectively, flows based fair value hierarchy. In 500.0 5.241 November 18, 2025 . proceeds to repay a portion of our outstanding commercial paper and for general In the 250.0 May 16, 2023 . repay € 250.0 0.0 November 11, 2022 . In 850.0 3.7 October 17, 2023 , using from the issuance of commercial paper. In the fourth quarter of fiscal 2022, we issued € 250.0 0.0 November 11, 2022 . We used the net proceeds for general corporate purposes. In the second quarter of fiscal 2022, we issued € 500.0 0.125 November 15, 2025 . We used the net proceeds to repay a portion of our € 500.0 0.0 November 16, 2021 , and for general corporate purposes. In the second quarter of fiscal 2022, we issued € 250.0 May 16, 2023 . We used the net proceeds repay a portion of our outstanding commercial paper and for general In the second quarter of fiscal 2022, we issued $ 500.0 2.25 October 14, 2031 . We used the net proceeds together with proceeds from the issuance of commercial paper, 1,000.0 3.15 December 15, 2021 . In the first quarter of fiscal 2022, we issued € 500.0 July 27, 2023 . We used the net proceeds € 500.0 0.0 August 21, 2021 . In the first quarter of fiscal 2022, we repaid € 200.0 2.2 June 24, 2021 , using proceeds from the issuance of € 50.0 2.2 November 29, 2021 , and borrowings under a committed credit facility. Certain of As of February 26, 2023, we were in compliance with all of these covenants.

Redeemable And Noncontrolling I

Redeemable And Noncontrolling Interests	9 Months Ended
	Feb. 26, 2023
Redeemable And Noncontrolling Interests [Abstract]
Redeemable And Noncontrolling Interests	(8) Redeemable and Noncontrolling Interests The available net the most recent 251.5 the three-month Term SOFR 186 three years negotiated agreement with the Class A Interest holder or through During Marques Yoplait Liberté brands in the United States and Canada, and cash. Please see Note 2 to the Consolidated Up to fair value 49 the 2022. In were reversed against additional carrying value of the noncontrolling interests were included in the calculation A subsidiary of 2021. Net purchases totaled $ 99.5 Our noncontrolling interests contain restrictive covenants. As of February 26, 2023, we were in compliance with all of these covenants.

Stockholders' Equity

Stockholders' Equity	9 Months Ended
	Feb. 26, 2023
Stockholders' Equity [Abstract]
Stockholders' Equity	(9) Stockholders’ Equity The following tables provide details of total comprehensive income: (a) (b) (c) (a) (b) (c) Accumulated other comprehensive loss balances, net of tax effects, Quarter Ended Quarter Ended Feb. 26, 2023 Feb. 27, 2022 General Mills Noncontrolling Interests General Mills Noncontrolling Interests In Millions Pretax Tax Net Net Pretax Tax Net Net Net earnings, including earnings $ 553.1 $ 4.8 $ 660.3 $ 2.3 Other comprehensive income (loss): Foreign currency translation $ 3.4 $ 9.0 12.4 0.1 $ (125.7) $ 3.2 (122.5) - Other fair value changes: Hedge derivatives (6.3) 0.6 (5.7) - (23.9) (6.9) (30.8) - Reclassification to earnings: Foreign currency translation (a) - - - - 342.2 - 342.2 - Hedge derivatives (b) 23.1 (4.2) 18.9 - 23.1 7.1 30.2 - Amortization of losses and 18.1 (4.2) 13.9 - 28.8 (6.5) 22.3 - Other comprehensive income $ 38.3 $ 1.2 39.5 0.1 $ 244.5 $ (3.1) 241.4 - Total comprehensive income $ 592.6 $ 4.9 $ 901.7 $ 2.3 Nine-Month Period Ended Nine-Month Period Ended Feb. 26, 2023 Feb. 27, 2022 General Mills Noncontrolling Interests General Mills Noncontrolling Interests Redeemable Interest In Millions Pretax Tax Net Net Pretax Tax Net Net Net Net earnings, including earnings $ 1,979.0 $ 10.5 $ 1,884.5 $ 7.2 $ 17.5 Other comprehensive (loss) income: Foreign currency translation $ (83.3) $ (14.8) (98.1) (0.6) $ (166.6) $ 53.7 (112.9) (25.0) (47.0) Other fair value changes: Hedge derivatives (29.3) 6.1 (23.2) - 8.0 (18.9) (10.9) - 0.5 Reclassification to earnings: Foreign currency translation (a) (7.4) - (7.4) - 342.2 - 342.2 - - Hedge derivatives (b) 23.0 (4.5) 18.5 - 23.0 11.6 34.6 - (0.2) Amortization of losses and prior service costs (c) 54.6 (12.4) 42.2 - 68.8 (15.3) 53.5 - - Other comprehensive (loss) income $ (42.4) $ (25.6) (68.0) (0.6) $ 275.4 $ 31.1 306.5 (25.0) (46.7) Total comprehensive income (loss) $ 1,911.0 $ 9.9 $ 2,191.0 $ (17.8) $ (29.2) In Millions Feb. 26, 2023 May 29, 2022 Foreign currency translation adjustments $ (696.2) $ (590.7) Unrealized gain from hedge derivatives 18.6 23.3 Pension, other postretirement, and postemployment benefits: Net actuarial loss (1,459.1) (1,513.4) Prior service credits 98.2 110.3 Accumulated other comprehensive loss $ (2,038.5) $ (1,970.5)

Stock Plans

Stock Plans	9 Months Ended
	Feb. 26, 2023
Stock Plans [Abstract]
Stock Plans	(10) Stock Plans We units, and performance described in Note May 29, 2022. Compensation expense related to stock-based payments recognized Quarter Ended Nine-Month Period Ended In Millions Feb. 26, 2023 Feb. 27, 2022 Feb. 26, 2023 Feb. 27, 2022 Compensation expense related to stock-based payments $ 29.1 $ 31.4 $ 86.7 $ 78.9 Compensation recognized in restructuring, impairment, and other exit costs in fiscal 2022. Windfall tax benefits from stock-based payments Quarter Ended Nine-Month Period Ended In Millions Feb. 26, 2023 Feb. 27, 2022 Feb. 26, 2023 Feb. 27, 2022 Windfall tax benefits from stock-based payments $ 6.2 $ 6.7 $ 24.6 $ 13.0 As performance share units was $ 133.1 20 Net cash proceeds from the exercise of stock options were as follows: Nine-Month Period Ended In Millions Feb. 26, 2023 Feb. 27, 2022 Net cash proceeds $ 168.0 $ 96.2 Intrinsic value of options exercised $ 81.8 $ 44.4 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 29, 2022. The follows: Nine-Month Period Ended Feb. 26, 2023 Feb. 27, 2022 Estimated fair values of stock options granted $ 14.16 $ 8.77 Assumptions: Risk-free interest rate 3.3 % 1.5 % Expected term 8.5 years 8.5 years Expected volatility 20.9 % 20.2 % Dividend yield 3.1 % 3.4 % The total grant date fair value of restricted stock unit awards that vested during Nine-Month Period Ended In Millions Feb. 26, 2023 Feb. 27, 2022 Total grant date fair $ 105.4 $ 79.0

Earnings Per Share

Earnings Per Share	9 Months Ended
	Feb. 26, 2023
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. 26, 2023 Feb. 27, 2022 Feb. 26, 2023 Feb. 27, 2022 Net earnings attributable to General Mills $ 553.1 $ 660.3 $ 1,979.0 $ 1,884.5 Average number 592.5 606.8 596.2 608.6 Incremental share effect from: (a) Stock options 3.7 2.9 3.6 2.4 Restricted stock units and performance share units 2.8 2.7 2.6 2.5 Average number 599.0 612.4 602.4 613.5 Earnings per share – basic $ 0.94 $ 1.09 $ 3.32 $ 3.10 Earnings per share – diluted $ 0.92 $ 1.08 $ 3.28 $ 3.07 (a) method. were not dilutive were as follows Quarter Ended Nine-Month Period Ended In Millions Feb. 26, 2023 Feb. 27, 2022 Feb. 26, 2023 Feb. 27, 2022 Anti-dilutive stock options, restricted stock units, and 0.8 1.0 0.9 4.5

Share Repurchases

Share Repurchases	9 Months Ended
	Feb. 26, 2023
Share Repurchases [Abstract]
Share Repurchases	(12) Share Repurchases Share repurchases were as follows: Quarter Ended Nine-Month Period Ended In Millions Feb. 26, 2023 Feb. 27, 2022 Feb. 26, 2023 Feb. 27, 2022 Shares of common stock 2.9 2.6 15.0 8.8 Aggregate purchase price $ 251.0 $ 175.5 $ 1,152.3 $ 550.5

Statements Of Cash Flows

Statements Of Cash Flows	9 Months Ended
	Feb. 26, 2023
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. 26, 2023 Feb. 27, 2022 Net cash interest payments $ 225.6 $ 234.2 Net income tax payments $ 538.4 $ 397.3

Retirement And Postemployment B

Retirement And Postemployment Benefits	9 Months Ended
	Feb. 26, 2023
Retirement And Postemployment Benefits [Abstract]
Retirement And Postemployment Benefits	(14) Retirement and Postemployment Benefits Components of net periodic benefit expense (income) are as follows: Defined Benefit Pension Plans Other Postretirement Benefit Plans Postemployment Benefit Plans Quarter Ended Quarter Ended Quarter Ended In Millions Feb. 26, 2023 Feb. 27, 2022 Feb. 26, 2023 Feb. 27, 2022 Feb. 26, 2023 Feb. 27, 2022 Service cost $ 17.6 $ 23.2 $ 1.4 $ 2.0 $ 2.1 $ 1.8 Interest cost 64.6 46.0 4.5 3.1 0.7 0.4 Expected return on plan assets (105.0) (102.8) (7.7) (6.6) - - Amortization of losses (gains) 28.3 35.7 (4.9) (2.7) 0.1 0.8 Amortization of prior service costs (credits) 0.4 0.2 (5.9) (5.3) 0.1 0.1 Other adjustments - - - - 3.2 4.0 Net expense (income) $ 5.9 $ 2.3 $ (12.6) $ (9.5) $ 6.2 $ 7.1 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. 26, 2023 Feb. 27, 2022 Feb. 26, 2023 Feb. 27, 2022 Feb. 26, 2023 Feb. 27, 2022 Service cost $ 52.7 $ 70.4 $ 4.0 $ 5.8 $ 6.3 $ 5.3 Interest cost 193.8 138.4 13.5 9.4 2.3 1.1 Expected return on plan assets (315.0) (308.5) (23.3) (20.0) - - Amortization of losses (gains) 85.0 106.1 (14.6) (8.1) 0.2 2.3 Amortization of prior service costs (credits) 1.1 0.6 (17.4) (15.7) 0.3 0.3 Other adjustments - - - - 9.1 9.7 Curtailment gain - (14.3) - (5.7) - - Net expense (income) $ 17.6 $ (7.3) $ (37.8) $ (34.3) $ 18.2 $ 18.7

Income Taxes

Income Taxes	9 Months Ended
	Feb. 26, 2023
Income Taxes [Abstract]
Income Taxes	(15) Income Taxes During Alternative Minimum Tax 2023. tax rate, or on our liquidity. 2023. During fiscal 2018 acquisition of related to this transaction. We

Contingencies

Contingencies	9 Months Ended
	Feb. 26, 2023
Contingencies [Abstract]
Contingencies	(16) Contingencies During state sales tax requirements. have estimate any possible loss and have not recorded a loss contingency for

Business Segment And Geographic

Business Segment And Geographic Information	9 Months Ended
	Feb. 26, 2023
Business Segment And Geographic Information [Abstract]
Business Segment And Geographic Information	(17) Business Segment and Geographic Information We operations. chief operating decision maker assesses performance follows: North America Retail, International, We These General Mills, or earnings per share. Our North America Retail stores, categories products, organic products yogurt. Our product categories include super-premium and shops. Our American markets, as well as reported in the region or country where the end customer is located. Our Pet operating segment includes e-commerce retailers, categories include dog and cat food (dry natural product types, diet types, breed sizes for dogs, lifestages, flavors, product Our categories unbaked and and nearly vending, and supermarket bakeries. Operating profit and employee corporate investments, and commodity positions corporate chain organization, our manufacturing, to maximize nor available by operating segment. Our operating segment results were as follows: Quarter Ended Nine-Month Period Ended In Millions Feb. 26, 2023 Feb. 27, 2022 Feb. 26, 2023 Feb. 27, 2022 Net sales: North America Retail $ 3,232.0 $ 2,811.9 $ 9,593.9 $ 8,567.1 International 700.6 721.0 2,024.8 2,566.0 Pet 645.5 567.7 1,818.3 1,649.1 North America Foodservice 547.8 437.1 1,627.2 1,319.4 Total $ 5,125.9 $ 4,537.7 $ 15,064.2 $ 14,101.6 Operating profit: North America Retail $ 786.9 $ 611.5 $ 2,401.8 $ 1,935.5 International 42.4 35.9 95.0 155.9 Pet 102.6 110.6 312.3 357.3 North America Foodservice 82.4 35.2 217.5 174.9 Total segment operating $ 1,014.3 $ 793.2 $ 3,026.6 $ 2,623.6 Unallocated corporate items 296.4 140.9 841.5 328.9 Divestitures gain, net (13.7) (170.1) (444.6) (170.1) Restructuring, impairment, and other exit costs 1.4 7.1 14.1 5.1 Operating profit $ 730.2 $ 815.3 $ 2,615.6 $ 2,459.7 Net sales for our North America Retail operating units were as follows: Quarter Ended Nine-Month Period Ended In Millions Feb. 26, 2023 Feb. 27, 2022 Feb. 26, 2023 Feb. 27, 2022 U.S. Meals & Baking Solutions $ 1,185.3 $ 968.0 $ 3,456.2 $ 3,032.6 U.S. Morning Foods 918.6 858.0 2,731.1 2,514.4 U.S. Snacks 883.5 745.0 2,663.6 2,282.3 Canada 244.6 240.9 743.0 737.8 Total $ 3,232.0 $ 2,811.9 $ 9,593.9 $ 8,567.1 Net sales by class of similar products were as follows: Quarter Ended Nine-Month Period Ended In Millions Feb. 26, 2023 Feb. 27, 2022 Feb. 26, 2023 Feb. 27, 2022 Snacks $ 1,065.5 $ 925.3 $ 3,236.7 $ 2,827.4 Cereal 801.9 754.4 2,427.5 2,227.6 Convenient meals 815.6 772.8 2,281.2 2,258.1 Dough 644.8 446.6 1,855.2 1,458.8 Pet 646.2 568.1 1,820.7 1,649.5 Baking mixes and ingredients 517.7 465.9 1,554.9 1,379.4 Yogurt 378.0 349.3 1,081.5 1,362.3 Super-premium ice cream 148.2 151.4 496.6 596.2 Other 108.0 103.9 309.9 342.3 Total $ 5,125.9 $ 4,537.7 $ 15,064.2 $ 14,101.6

Restructuring, Impairment, An_2

Restructuring, Impairment, And Other Exit Costs (Tables)	9 Months Ended
	Feb. 26, 2023
Restructuring, Impairment, And Other Exit Costs [Abstract]
Roll forward Of Restructuring And Other Exit Cost Reserves	In Millions Total Reserve balance as of May 29, 2022 $ 36.8 Fiscal 2023 charges, including foreign currency translation 8.6 Utilized in fiscal 2023 (26.5) Reserve balance as of Feb. 26, 2023 $ 18.9

Goodwill And Other Intangible_2

Goodwill And Other Intangible Assets (Tables)	9 Months Ended
	Feb. 26, 2023
Goodwill And Other Intangible Assets [Abstract]
Components Of Assets Held For Sale And Liabilities Held For Sale	In Millions Feb. 26, 2023 May 29, 2022 Goodwill $ 14,487.8 $ 14,378.5 Other intangible assets: Intangible assets not subject to amortization: Brands and other indefinite-lived intangibles 6,708.2 6,725.8 Intangible assets subject to amortization: Customer relationships and other finite-lived intangibles 385.5 400.3 Less accumulated amortization (125.7) (126.2) Intangible assets subject to amortization, net 259.8 274.1 Other intangible assets 6,968.0 6,999.9 Total $ 21,455.8 $ 21,378.4
Schedule Of Changes In The Carrying Amount Of Goodwill	In Millions North America Retail Pet North America Foodservice International Joint Ventures Total Balance as of May 29, 2022 $ 6,552.9 $ 6,062.8 $ 648.8 $ 721.6 $ 392.4 $ 14,378.5 Acquisition - - 154.3 - - 154.3 Divestitures (2.0) - - (0.4) - (2.4) Other activity, primarily (8.5) - - (27.2) (6.9) (42.6) Balance as of Feb. 26, 2023 $ 6,542.4 $ 6,062.8 $ 803.1 $ 694.0 $ 385.5 $ 14,487.8
Schedule Of Changes In The Carrying Amount Of Other Intangible Assets	In Millions Total Balance as of May 29, 2022 $ 6,999.9 Acquisition 3.8 Divestiture (3.6) Other activity, primarily (32.1) Balance as of Feb. 26, 2023 $ 6,968.0

Inventories (Tables)

Inventories (Tables)	9 Months Ended
	Feb. 26, 2023
Inventories [Abstract]
Schedule Of Components Of Inventories	In Millions Feb. 26, 2023 May 29, 2022 Raw materials and packaging $ 560.2 $ 532.0 Finished goods 1,929.7 1,634.7 Grain 148.6 164.0 Excess of FIFO over LIFO cost (555.2) (463.4) Total $ 2,083.3 $ 1,867.3

Risk Management Activities (Tab

Risk Management Activities (Tables)	9 Months Ended
	Feb. 26, 2023
Risk Management Activities [Abstract]
Schedule Of Unallocated Corporate Items	Quarter Ended Nine-Month Period Ended In Millions Feb. 26, 2023 Feb. 27, 2022 Feb. 26, 2023 Feb. 27, 2022 Net (loss) gain on mark-to-market valuation of certain $ (30.2) $ 72.3 $ (123.4) $ 119.3 Net gain on commodity positions reclassified from (21.5) (48.1) (85.0) (118.7) Net mark-to-market revaluation of certain grain inventories (14.9) (44.2) (58.0) 15.6 Net mark-to-market valuation of certain commodity $ (66.6) $ (20.0) $ (266.4) $ 16.2

Debt (Tables)

Debt (Tables)	9 Months Ended
	Feb. 26, 2023
Debt [Abstract]
Schedule Of Components Of Notes Payable	In Millions Feb. 26, 2023 May 29, 2022 U.S. commercial paper $ 948.1 $ 694.8 Financial institutions 11.7 116.6 Total $ 959.8 $ 811.4
Schedule Of Fee-Paid Committed And Uncommitted Credit Lines	In Billions Facility Amount Borrowed Amount Committed credit facility expiring April 2026 $ 2.7 $ - Uncommitted credit facilities 0.6 - Total committed $ 3.3 $ -

Stockholders' Equity (Tables)

Stockholders' Equity (Tables)	9 Months Ended
	Feb. 26, 2023
Stockholders' Equity [Abstract]
Schedule Of Total Comprehensive Income (Loss)	Quarter Ended Quarter Ended Feb. 26, 2023 Feb. 27, 2022 General Mills Noncontrolling Interests General Mills Noncontrolling Interests In Millions Pretax Tax Net Net Pretax Tax Net Net Net earnings, including earnings $ 553.1 $ 4.8 $ 660.3 $ 2.3 Other comprehensive income (loss): Foreign currency translation $ 3.4 $ 9.0 12.4 0.1 $ (125.7) $ 3.2 (122.5) - Other fair value changes: Hedge derivatives (6.3) 0.6 (5.7) - (23.9) (6.9) (30.8) - Reclassification to earnings: Foreign currency translation (a) - - - - 342.2 - 342.2 - Hedge derivatives (b) 23.1 (4.2) 18.9 - 23.1 7.1 30.2 - Amortization of losses and 18.1 (4.2) 13.9 - 28.8 (6.5) 22.3 - Other comprehensive income $ 38.3 $ 1.2 39.5 0.1 $ 244.5 $ (3.1) 241.4 - Total comprehensive income $ 592.6 $ 4.9 $ 901.7 $ 2.3 Nine-Month Period Ended Nine-Month Period Ended Feb. 26, 2023 Feb. 27, 2022 General Mills Noncontrolling Interests General Mills Noncontrolling Interests Redeemable Interest In Millions Pretax Tax Net Net Pretax Tax Net Net Net Net earnings, including earnings $ 1,979.0 $ 10.5 $ 1,884.5 $ 7.2 $ 17.5 Other comprehensive (loss) income: Foreign currency translation $ (83.3) $ (14.8) (98.1) (0.6) $ (166.6) $ 53.7 (112.9) (25.0) (47.0) Other fair value changes: Hedge derivatives (29.3) 6.1 (23.2) - 8.0 (18.9) (10.9) - 0.5 Reclassification to earnings: Foreign currency translation (a) (7.4) - (7.4) - 342.2 - 342.2 - - Hedge derivatives (b) 23.0 (4.5) 18.5 - 23.0 11.6 34.6 - (0.2) Amortization of losses and prior service costs (c) 54.6 (12.4) 42.2 - 68.8 (15.3) 53.5 - - Other comprehensive (loss) income $ (42.4) $ (25.6) (68.0) (0.6) $ 275.4 $ 31.1 306.5 (25.0) (46.7) Total comprehensive income (loss) $ 1,911.0 $ 9.9 $ 2,191.0 $ (17.8) $ (29.2) (a) (b) (c) (a) (b) (c)
Schedule Of Accumulated Other Comprehensive Income (Loss), Net Of Tax Effects	In Millions Feb. 26, 2023 May 29, 2022 Foreign currency translation adjustments $ (696.2) $ (590.7) Unrealized gain from hedge derivatives 18.6 23.3 Pension, other postretirement, and postemployment benefits: Net actuarial loss (1,459.1) (1,513.4) Prior service credits 98.2 110.3 Accumulated other comprehensive loss $ (2,038.5) $ (1,970.5)

Stock Plans (Tables)

Stock Plans (Tables)	9 Months Ended
	Feb. 26, 2023
Stock Plans [Abstract]
Schedule of compensation expense related to stock-based payments	Quarter Ended Nine-Month Period Ended In Millions Feb. 26, 2023 Feb. 27, 2022 Feb. 26, 2023 Feb. 27, 2022 Compensation expense related to stock-based payments $ 29.1 $ 31.4 $ 86.7 $ 78.9 Quarter Ended Nine-Month Period Ended In Millions Feb. 26, 2023 Feb. 27, 2022 Feb. 26, 2023 Feb. 27, 2022 Windfall tax benefits from stock-based payments $ 6.2 $ 6.7 $ 24.6 $ 13.0
Schedule of net cash proceeds received from exercise of stock options	Nine-Month Period Ended In Millions Feb. 26, 2023 Feb. 27, 2022 Net cash proceeds $ 168.0 $ 96.2 Intrinsic value of options exercised $ 81.8 $ 44.4
Schedule of estimated fair value of stock options granted and the assumptions used for the Black-Scholes option-pricing model	Nine-Month Period Ended Feb. 26, 2023 Feb. 27, 2022 Estimated fair values of stock options granted $ 14.16 $ 8.77 Assumptions: Risk-free interest rate 3.3 % 1.5 % Expected term 8.5 years 8.5 years Expected volatility 20.9 % 20.2 % Dividend yield 3.1 % 3.4 %
Schedule of grant date fair value of restricted stock unit awards activity	Nine-Month Period Ended In Millions Feb. 26, 2023 Feb. 27, 2022 Total grant date fair $ 105.4 $ 79.0

Earnings Per Share (Tables)

Earnings Per Share (Tables)	9 Months Ended
	Feb. 26, 2023
Earnings Per Share [Abstract]
Schedule Of Earnings Per Share	Quarter Ended Nine-Month Period Ended In Millions, Except per Share Data Feb. 26, 2023 Feb. 27, 2022 Feb. 26, 2023 Feb. 27, 2022 Net earnings attributable to General Mills $ 553.1 $ 660.3 $ 1,979.0 $ 1,884.5 Average number 592.5 606.8 596.2 608.6 Incremental share effect from: (a) Stock options 3.7 2.9 3.6 2.4 Restricted stock units and performance share units 2.8 2.7 2.6 2.5 Average number 599.0 612.4 602.4 613.5 Earnings per share – basic $ 0.94 $ 1.09 $ 3.32 $ 3.10 Earnings per share – diluted $ 0.92 $ 1.08 $ 3.28 $ 3.07 (a) method.
Schedule of anti-dilutive stock options, restricted stock units and performance share units	Quarter Ended Nine-Month Period Ended In Millions Feb. 26, 2023 Feb. 27, 2022 Feb. 26, 2023 Feb. 27, 2022 Anti-dilutive stock options, restricted stock units, and 0.8 1.0 0.9 4.5

Share Repurchases (Tables)

Share Repurchases (Tables)	9 Months Ended
	Feb. 26, 2023
Share Repurchases [Abstract]
Schedule Of Share Repurchases	Quarter Ended Nine-Month Period Ended In Millions Feb. 26, 2023 Feb. 27, 2022 Feb. 26, 2023 Feb. 27, 2022 Shares of common stock 2.9 2.6 15.0 8.8 Aggregate purchase price $ 251.0 $ 175.5 $ 1,152.3 $ 550.5

Statements of Cash Flows (Table

Statements of Cash Flows (Tables)	9 Months Ended
	Feb. 26, 2023
Statements Of Cash Flows [Abstract]
Consolidated Statements Of Cash Flows	Nine-Month Period Ended In Millions Feb. 26, 2023 Feb. 27, 2022 Net cash interest payments $ 225.6 $ 234.2 Net income tax payments $ 538.4 $ 397.3

Retirement and Postemployment_2

Retirement and Postemployment Benefits (Tables)	9 Months Ended
	Feb. 26, 2023
Retirement And Postemployment Benefits [Abstract]
Schedule Of Components Of Net Periodic Benefit Expense	Defined Benefit Pension Plans Other Postretirement Benefit Plans Postemployment Benefit Plans Quarter Ended Quarter Ended Quarter Ended In Millions Feb. 26, 2023 Feb. 27, 2022 Feb. 26, 2023 Feb. 27, 2022 Feb. 26, 2023 Feb. 27, 2022 Service cost $ 17.6 $ 23.2 $ 1.4 $ 2.0 $ 2.1 $ 1.8 Interest cost 64.6 46.0 4.5 3.1 0.7 0.4 Expected return on plan assets (105.0) (102.8) (7.7) (6.6) - - Amortization of losses (gains) 28.3 35.7 (4.9) (2.7) 0.1 0.8 Amortization of prior service costs (credits) 0.4 0.2 (5.9) (5.3) 0.1 0.1 Other adjustments - - - - 3.2 4.0 Net expense (income) $ 5.9 $ 2.3 $ (12.6) $ (9.5) $ 6.2 $ 7.1 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. 26, 2023 Feb. 27, 2022 Feb. 26, 2023 Feb. 27, 2022 Feb. 26, 2023 Feb. 27, 2022 Service cost $ 52.7 $ 70.4 $ 4.0 $ 5.8 $ 6.3 $ 5.3 Interest cost 193.8 138.4 13.5 9.4 2.3 1.1 Expected return on plan assets (315.0) (308.5) (23.3) (20.0) - - Amortization of losses (gains) 85.0 106.1 (14.6) (8.1) 0.2 2.3 Amortization of prior service costs (credits) 1.1 0.6 (17.4) (15.7) 0.3 0.3 Other adjustments - - - - 9.1 9.7 Curtailment gain - (14.3) - (5.7) - - Net expense (income) $ 17.6 $ (7.3) $ (37.8) $ (34.3) $ 18.2 $ 18.7

Business Segment and Geograph_2

Business Segment and Geographic Information (Tables)	9 Months Ended
	Feb. 26, 2023
Business Segment And Geographic Information [Abstract]
Schedule Of Operating Segment Results	Quarter Ended Nine-Month Period Ended In Millions Feb. 26, 2023 Feb. 27, 2022 Feb. 26, 2023 Feb. 27, 2022 Net sales: North America Retail $ 3,232.0 $ 2,811.9 $ 9,593.9 $ 8,567.1 International 700.6 721.0 2,024.8 2,566.0 Pet 645.5 567.7 1,818.3 1,649.1 North America Foodservice 547.8 437.1 1,627.2 1,319.4 Total $ 5,125.9 $ 4,537.7 $ 15,064.2 $ 14,101.6 Operating profit: North America Retail $ 786.9 $ 611.5 $ 2,401.8 $ 1,935.5 International 42.4 35.9 95.0 155.9 Pet 102.6 110.6 312.3 357.3 North America Foodservice 82.4 35.2 217.5 174.9 Total segment operating $ 1,014.3 $ 793.2 $ 3,026.6 $ 2,623.6 Unallocated corporate items 296.4 140.9 841.5 328.9 Divestitures gain, net (13.7) (170.1) (444.6) (170.1) Restructuring, impairment, and other exit costs 1.4 7.1 14.1 5.1 Operating profit $ 730.2 $ 815.3 $ 2,615.6 $ 2,459.7 Quarter Ended Nine-Month Period Ended In Millions Feb. 26, 2023 Feb. 27, 2022 Feb. 26, 2023 Feb. 27, 2022 U.S. Meals & Baking Solutions $ 1,185.3 $ 968.0 $ 3,456.2 $ 3,032.6 U.S. Morning Foods 918.6 858.0 2,731.1 2,514.4 U.S. Snacks 883.5 745.0 2,663.6 2,282.3 Canada 244.6 240.9 743.0 737.8 Total $ 3,232.0 $ 2,811.9 $ 9,593.9 $ 8,567.1
Net Sales By Class Of Similar Products	Quarter Ended Nine-Month Period Ended In Millions Feb. 26, 2023 Feb. 27, 2022 Feb. 26, 2023 Feb. 27, 2022 Snacks $ 1,065.5 $ 925.3 $ 3,236.7 $ 2,827.4 Cereal 801.9 754.4 2,427.5 2,227.6 Convenient meals 815.6 772.8 2,281.2 2,258.1 Dough 644.8 446.6 1,855.2 1,458.8 Pet 646.2 568.1 1,820.7 1,649.5 Baking mixes and ingredients 517.7 465.9 1,554.9 1,379.4 Yogurt 378.0 349.3 1,081.5 1,362.3 Super-premium ice cream 148.2 151.4 496.6 596.2 Other 108.0 103.9 309.9 342.3 Total $ 5,125.9 $ 4,537.7 $ 15,064.2 $ 14,101.6

Acquisitions And Divestitures (

Acquisitions And Divestitures (Narrative) (Details) - USD ($) $ in Millions	3 Months Ended				9 Months Ended
	Feb. 26, 2023	Aug. 28, 2022	Feb. 27, 2022	Aug. 29, 2021	Feb. 26, 2023	Feb. 27, 2022	May 29, 2022
Business Acquisition [Line Items]
Payments to Acquire Businesses, Gross					$ 251.5	$ 1,201.3
Goodwill	$ 14,487.8				14,487.8		$ 14,378.5
Noncontrolling Interest [Line Items]
Net pre-tax gain	$ 13.7		$ 170.1		$ 444.6	$ 170.1
European dough businesses [Member]
Noncontrolling Interest [Line Items]
Net pre-tax gain			21.3
Helper main meals and Suddenly Salad side dishes business [Member]
Noncontrolling Interest [Line Items]
Sale price of business		$ 606.8
Net pre-tax gain		442.2
Yoplait SAAS, Yoplait Marques SNC and Liberte Marques Sarl [Member]
Noncontrolling Interest [Line Items]
Net pre-tax gain			$ 148.8
The pet treats [Member]
Business Acquisition [Line Items]
Payments to Acquire Businesses, Gross				$ 1,200
Goodwill				762.3
The pet treats [Member] | Customer Relationships [Member]
Business Acquisition [Line Items]
Finite-Lived Intangibles				40
The pet treats [Member] | Nudges, Top Chews and True Chews brands [Member]
Business Acquisition [Line Items]
Indefinite-Lived Intangible Assets				$ 330
TNT Crust [Member]
Business Acquisition [Line Items]
Payments to Acquire Businesses, Gross		253
Goodwill		$ 154.3

Restructuring, Impairment, An_3

Restructuring, Impairment, And Other Exit Costs (Narrative) (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Feb. 26, 2023	Nov. 27, 2022	Feb. 26, 2023	Feb. 27, 2022
Restructuring and Related Cost [Line Items]
Restructuring Reserve Accrual Adjustment			$ 8.6
Actions previously announced [Member]
Restructuring and Related Cost [Line Items]
Restructuring charges, impairment, and other exit costs	$ 2.1	$ 9.3	16	$ 7.9
Cash payments for restructuring			$ 30.6	$ 70.4
Expected completion date of actions			May 26, 2024

Restructuring, Impairment, An_4

Restructuring, Impairment, And Other Exit Costs (Roll forward Of Restructuring And Other Exit Cost Reserves) (Details) $ in Millions	9 Months Ended
	Feb. 26, 2023 USD ($)
Restructuring Reserve [Roll Forward]
Reserve beginning balance	$ 36.8
Fiscal 2023 charges, including foreign currency translation	8.6
Utilized in fiscal 2023	(26.5)
Reserve ending balance	$ 18.9

Goodwill And Other Intangible_3

Goodwill And Other Intangible Assets (Narrative) (Details)	3 Months Ended
	Feb. 26, 2023 USD ($)
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 (Components Of Assets Held For Sale And Liabilities Held For Sale) (Details) - USD ($) $ in Millions	Feb. 26, 2023	May 29, 2022
Goodwill And Other Intangible Assets [Abstract]
Goodwill	$ 14,487.8	$ 14,378.5
Intangible assets not subject to amortization:
Brands and other indefinite-lived intangibles	6,708.2	6,725.8
Intangible assets subject to amortization:
Customer relationships and other finite-lived intangibles	385.5	400.3
Less accumulated amortization	(125.7)	(126.2)
Intangible assets subject to amortization, net	259.8	274.1
Other intangible assets	6,968	6,999.9
Total	$ 21,455.8	$ 21,378.4

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. 26, 2023 USD ($)
Goodwill [Line Items]
Beginning balance	$ 14,378.5
Acquisition	154.3
Divestiture	(2.4)
Other activity, primarily foreign currency translation	(42.6)
Ending balance	14,487.8
North America Retail [Member]
Goodwill [Line Items]
Beginning balance	6,552.9
Acquisition	0
Divestiture	(2)
Other activity, primarily foreign currency translation	(8.5)
Ending balance	6,542.4
Pet [Member]
Goodwill [Line Items]
Beginning balance	6,062.8
Acquisition	0
Divestiture	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	154.3
Divestiture	0
Other activity, primarily foreign currency translation	0
Ending balance	803.1
International [Member]
Goodwill [Line Items]
Beginning balance	721.6
Acquisition	0
Divestiture	(0.4)
Other activity, primarily foreign currency translation	(27.2)
Ending balance	694
Joint Ventures [Member]
Goodwill [Line Items]
Beginning balance	392.4
Acquisition	0
Divestiture	0
Other activity, primarily foreign currency translation	(6.9)
Ending balance	$ 385.5

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. 26, 2023 USD ($)
Indefinite-lived Intangible Assets [Line Items]
Beginning balance	$ 6,999.9
Acquisition	3.8
Divestitures	(3.6)
Other activity, primarily foreign currency translation	(32.1)
Ending balance	$ 6,968

Inventories (Details)

Inventories (Details) - USD ($) $ in Millions	Feb. 26, 2023	May 29, 2022
Inventories [Abstract]
Raw materials and packaging	$ 560.2	$ 532
Finished goods	1,929.7	1,634.7
Grain	148.6	164
Excess of FIFO over LIFO cost	(555.2)	(463.4)
Total	$ 2,083.3	$ 1,867.3

Risk Management Activities (Nar

Risk Management Activities (Narrative) (Details) € in Millions, $ in Millions	3 Months Ended	9 Months Ended
	Nov. 27, 2022 USD ($)	Feb. 26, 2023 USD ($)	May 28, 2023 USD ($)	May 28, 2023 EUR (€)	Feb. 26, 2023 EUR (€)	Feb. 27, 2022 USD ($)
Derivative [Line Items]
Long-term debt, carrying value		$ 10,627.4
Credit Risk [Abstract]
Accounts Payable to Suppliers that Utilize Third Party Service		1,483.9				$ 1,382.8
Notes due November 18, 2025 [Member]
Derivative [Line Items]
Debt Instrument Face Amount	$ 500
Maturity date	Nov. 18, 2025
Interest Rate Swap [Member]
Derivative [Line Items]
Derivative, Notional Amount	$ 500
Forward-starting interest rate swap [Member]
Derivative [Line Items]
Derivative, Notional Amount | €					€ 250
Forward-starting interest rate swap [Member] | Subsequent Event [Member]
Derivative [Line Items]
Derivative, Notional Amount | €				€ 500
Euro Denominated Bonds Used For Hedging [Member]
Derivative [Line Items]
Derivative, Notional Amount | €					€ 2,942.8
Commodity Contracts [Member]
Derivative [Line Items]
Derivative, Notional Amount		$ 448
Derivative Contracts Inputs, Average Period of Utilization		12 months
Energy Related Derivative [Member]
Derivative [Line Items]
Derivative, Notional Amount		$ 153
Agricultural Related Derivative [Member]
Derivative [Line Items]
Derivative, Notional Amount		295
Treasury Lock [Member] | Subsequent Event [Member]
Derivative [Line Items]
Derivative, Notional Amount			$ 350
Foreign Exchange Contract
Derivative [Line Items]
Derivative, Notional Amount		$ 1,111.8

Risk Management Activities (Sch

Risk Management Activities (Schedule Of Unallocated Corporate Items) (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Feb. 26, 2023	Feb. 27, 2022	Feb. 26, 2023	Feb. 27, 2022
Commodity Price Risk [Abstract]
Net (loss) gain on mark-to-market valuation of certain commodity positions	$ (30.2)	$ 72.3	$ (123.4)	$ 119.3
Net gain on commodity positions reclassified from unallocated corporate items to segment operating profit	(21.5)	(48.1)	(85)	(118.7)
Net mark-to-market revaluation of certain grain inventories	(14.9)	(44.2)	(58)	15.6
Net mark-to-market valuation of certain commodity positions recognized in unallocated corporate items	$ (66.6)	$ (20)	$ (266.4)	$ 16.2

Debt (Narrative) (Details)

Debt (Narrative) (Details) € in Millions, $ in Millions	3 Months Ended							9 Months Ended
	Nov. 27, 2022 USD ($)	Nov. 27, 2022 EUR (€)	May 29, 2022 USD ($)	May 29, 2022 EUR (€)	Nov. 28, 2021 USD ($)	Nov. 28, 2021 EUR (€)	Aug. 29, 2021 EUR (€)	Feb. 26, 2023 USD ($)	Feb. 27, 2022 USD ($)
Debt Instrument [Line Items]
Long-term debt, carrying value | $								$ 10,627.4
Issuance of long-term debt | $								501.8	$ 1,935.2
Repayment of long-term debt | $								$ 600	$ 2,278.2
Committed Credit Facilities [Member]
Debt Instrument [Line Items]
Minimum fixed charge coverage ratio								2.5
Notes due November 18, 2025 [Member]
Debt Instrument [Line Items]
Issuance of long-term debt | $	$ 500
Fixed interest rate percentage	5.241%	5.241%
Debt Instrument, Maturity Date	Nov. 18, 2025	Nov. 18, 2025
3.7 percent fixed rate notes due October 17, 2023 [Member]
Debt Instrument [Line Items]
Repayment of long-term debt | $			$ 850
Fixed interest rate percentage			3.70%	3.70%
Debt Instrument, Maturity Date			Oct. 17, 2023	Oct. 17, 2023
0.0 percent fixed-rate notes due November 11, 2022 [Member]
Debt Instrument [Line Items]
Issuance of long-term debt				€ 250
Repayment of long-term debt		€ 250
Fixed interest rate percentage	0%	0%	0%	0%
Debt Instrument, Maturity Date	Nov. 11, 2022	Nov. 11, 2022	Nov. 11, 2022	Nov. 11, 2022
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
0.00% Fixed Rate Notes Due Nov. 16 2021 [Member]
Debt Instrument [Line Items]
Repayment of long-term debt						€ 500
Fixed interest rate percentage					0%	0%
Debt Instrument, Maturity Date					Nov. 16, 2021	Nov. 16, 2021
Floating-rate notes due May 16, 2023 [Member]
Debt Instrument [Line Items]
Issuance of long-term debt		€ 250				€ 250
Debt Instrument, Maturity Date	May 16, 2023	May 16, 2023			May 16, 2023	May 16, 2023
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
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
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
0.00% Fixed Rate Notes Due Aug.21, 2021 [Member]
Debt Instrument [Line Items]
Repayment of long-term debt							€ 500
Fixed interest rate percentage							0%
Debt Instrument, Maturity Date							Aug. 21, 2021
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
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 26, 2023.
Certain long-term debt agreements containing restrictive covenants [Member]
Debt Instrument [Line Items]
Covenant compliance								As of February 26, 2023, we were in compliance with all of these covenants.
Fair Value Inputs Level 2 [Member]
Debt Instrument [Line Items]
Long-term debt, fair value | $								$ 9,840.9

Debt (Schedule Of Components Of

Debt (Schedule Of Components Of Notes Payable) (Details) - USD ($) $ in Millions	Feb. 26, 2023	May 29, 2022
Short-term Debt [Line Items]
Notes payable	$ 959.8	$ 811.4
U.S. commercial paper [Member]
Short-term Debt [Line Items]
Notes payable	948.1	694.8
Financial Institutions [Member]
Short-term Debt [Line Items]
Notes payable	$ 11.7	$ 116.6

Debt (Schedule Of Fee-Paid Comm

Debt (Schedule Of Fee-Paid Committed And Uncommitted Credit Lines) (Details) $ in Billions	Feb. 26, 2023 USD ($)
Line Of Credit Facility [Line Items]
Facility Amount	$ 3.3
Borrowed Amount	0
Line of Credit Expiring April 2026 [Member]
Line Of Credit Facility [Line Items]
Facility Amount	2.7
Borrowed Amount	0
Uncommitted Credit Facilities [Member]
Line Of Credit Facility [Line Items]
Facility Amount	0.6
Borrowed Amount	$ 0

Redeemable and Noncontrolling_2

Redeemable and Noncontrolling Interests (Narratives) (Details) - USD ($) $ in Millions	6 Months Ended	9 Months Ended
	Nov. 28, 2021	Feb. 26, 2023	Jul. 01, 2011
Noncontrolling Interest [Line Items]
Noncontrolling interests covenant compliance		Our noncontrolling interests contain restrictive covenants. As of February 26, 2023, we were in compliance with all of these covenants.
Yoplait SAS [Member]
Noncontrolling Interest [Line Items]
Redeemable interest percentage			49%
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 Term SOFR
Preferred distributions, basis spread on variable rate		1.86%
Sodiaal Redeemable Interest [Member] | Yoplait SAS Subsidiary [Member]
Noncontrolling Interest [Line Items]
Net purchases from related party	$ 99.5

Stockholders' Equity (Schedule

Stockholders' Equity (Schedule Of Total Comprehensive Income (Loss))) (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Feb. 26, 2023	Feb. 27, 2022	Feb. 26, 2023	Feb. 27, 2022
Reclassification to earnings:
Foreign currency translation	$ 0	$ 342.2	$ (7.4)	$ 342.2
Other Comprehensive Income (Loss), Net of Tax:
Net earnings attributable to General Mills	553.1	660.3	1,979	1,884.5
Net earnings attributable to redeemable and noncontrolling interests	4.8	2.3	10.5	24.7
Foreign currency translation	12.5	(122.5)	(98.7)	(184.9)
Other fair value changes:
Hedge derivatives	(5.7)	(30.8)	(23.2)	(10.4)
Reclassification to earnings:
Hedge derivatives	18.9	30.2	18.5	34.4
Amortization of losses and prior service costs	13.9	22.3	42.2	53.5
Other comprehensive income (loss) , net of tax	39.6	241.4	(68.6)	234.8
Total comprehensive income (loss) attributable to General Mills	592.6	901.7	1,911	2,191
General Mills [Member]
Other comprehensive income (loss) Pretax:
Foreign currency translation	3.4	(125.7)	(83.3)	(166.6)
Other fair value changes:
Hedge derivatives	(6.3)	(23.9)	(29.3)	8
Reclassification to earnings:
Foreign currency translation	0	342.2	(7.4)	342.2
Hedge derivatives	23.1	23.1	23	23
Amortization of losses and prior service costs	18.1	28.8	54.6	68.8
Other comprehensive income (loss), Pretax	38.3	244.5	(42.4)	275.4
Other comprehensive income (loss) Tax:
Foreign currency translation	9	3.2	(14.8)	53.7
Other fair value changes:
Hedge derivatives	0.6	(6.9)	6.1	(18.9)
Reclassification to earnings:
Foreign currency translation	0	0	0	0
Hedge derivatives	(4.2)	7.1	(4.5)	11.6
Amortization of losses and prior service costs (b)	(4.2)	(6.5)	(12.4)	(15.3)
Other comprehensive income (loss), tax	1.2	(3.1)	(25.6)	31.1
Other Comprehensive Income (Loss), Net of Tax:
Net earnings attributable to General Mills	553.1	660.3	1,979	1,884.5
Foreign currency translation	12.4	(122.5)	(98.1)	(112.9)
Other fair value changes:
Hedge derivatives	(5.7)	(30.8)	(23.2)	(10.9)
Reclassification to earnings:
Foreign currency translation	0	342.2	(7.4)	342.2
Hedge derivatives	18.9	30.2	18.5	34.6
Amortization of losses and prior service costs	13.9	22.3	42.2	53.5
Other comprehensive income (loss) , net of tax	39.5	241.4	(68)	306.5
Total comprehensive income (loss) attributable to General Mills	592.6	901.7	1,911	2,191
Noncontrolling Interests [Member]
Other Comprehensive Income (Loss), Net of Tax:
Net earnings attributable to redeemable and noncontrolling interests	4.8	2.3	10.5	7.2
Foreign currency translation	0.1	0	(0.6)	(25)
Other fair value changes:
Hedge derivatives	0	0	0	0
Reclassification to earnings:
Foreign currency translation	0	0	0	0
Hedge derivatives	0	0	0	0
Amortization of losses and prior service costs	0	0	0	0
Other comprehensive income (loss) , net of tax	0.1	0	(0.6)	(25)
Total comprehensive income (loss) attributable to noncontrolling interests	$ 4.9	$ 2.3	$ 9.9	(17.8)
Redeemable Interest [Member]
Other Comprehensive Income (Loss), Net of Tax:
Net earnings attributable to redeemable and noncontrolling interests				17.5
Foreign currency translation				(47)
Other fair value changes:
Hedge derivatives				0.5
Reclassification to earnings:
Foreign currency translation				0
Hedge derivatives				(0.2)
Amortization of losses and prior service costs				0
Other comprehensive income (loss) , net of tax				(46.7)
Total comprehensive income (loss) attributable to redeemable interests				$ (29.2)

Stockholders' Equity (Schedul_2

Stockholders' Equity (Schedule Of Accumulated Other Comprehensive Income (Loss), Net Of Tax Effects) (Details) - USD ($) $ in Millions	Feb. 26, 2023	May 29, 2022
Accumulated Other Comprehensive Loss, Net of Tax Effects [Abstract]
Foreign currency translation adjustments	$ (696.2)	$ (590.7)
Unrealized gain (loss) from:
Hedge derivatives	18.6	23.3
Pension, other postretirement, and postemployment benefits:
Net actuarial loss	(1,459.1)	(1,513.4)
Prior service credits	98.2	110.3
Accumulated other comprehensive loss	$ (2,038.5)	$ (1,970.5)

Stock Plans (Narrative) (Detail

Stock Plans (Narrative) (Details) $ in Millions	9 Months Ended
	Feb. 26, 2023 USD ($)
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	$ 133.1
Unrecognized compensation expense on non-vested awards weighted average period of recognition	20 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 29, 2022.

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. 26, 2023	Feb. 27, 2022	Feb. 26, 2023	Feb. 27, 2022
Stock Plans [Abstract]
Compensation expense related to stock-based payments	$ 29.1	$ 31.4	$ 86.7	$ 78.9

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. 26, 2023	Feb. 27, 2022	Feb. 26, 2023	Feb. 27, 2022
Stock Plans [Abstract]
Windfall tax benefits from stock-based payments	$ 6.2	$ 6.7	$ 24.6	$ 13

Stock Plans (Schedule of net ca

Stock Plans (Schedule of net cash proceeds received from exercise of stock options) (Details) - USD ($) $ in Millions	9 Months Ended
	Feb. 26, 2023	Feb. 27, 2022
Stock Plans [Abstract]
Net cash proceeds	$ 168	$ 96.2
Intrinsic value of options exercised	$ 81.8	$ 44.4

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. 26, 2023	Feb. 27, 2022
Stock Plans [Abstract]
Estimated fair values of stock options granted	$ 14.16	$ 8.77
Assumptions:
Risk-free interest rate	3.30%	1.50%
Expected term	8 years 6 months	8 years 6 months
Expected volatility	20.90%	20.20%
Dividend yield	3.10%	3.40%

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. 26, 2023	Feb. 27, 2022
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other Than Options, Additional Disclosures [Abstract]
Total grant date fair value	$ 105.4	$ 79

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. 26, 2023	Feb. 27, 2022	Feb. 26, 2023	Feb. 27, 2022
Earnings Per Share [Abstract]
Net earnings attributable to General Mills	$ 553.1	$ 660.3	$ 1,979	$ 1,884.5
Average number of common shares - basic EPS	592.5	606.8	596.2	608.6
Earnings Per Share, Basic and Diluted [Abstract]
Average number of common shares - diluted EPS	599	612.4	602.4	613.5
Earnings per share - basic	$ 0.94	$ 1.09	$ 3.32	$ 3.10
Earnings per share - diluted	$ 0.92	$ 1.08	$ 3.28	$ 3.07
Stock Options [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Incremental share effect	3.7	2.9	3.6	2.4
Restricted stock units and performance share units [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Incremental share effect	2.8	2.7	2.6	2.5

Earnings per Share (Schedule _2

Earnings per Share (Schedule of anti-dilutive stock options, restricted stock units and performance share units) (Details) - shares shares in Millions	3 Months Ended		9 Months Ended
	Feb. 26, 2023	Feb. 27, 2022	Feb. 26, 2023	Feb. 27, 2022
Other Disclosures [Abstract]
Anti-dilutive stock options, restricted stock units, and performance share units	0.8	1	0.9	4.5

Share Repurchases (Details)

Share Repurchases (Details) - Treasury Stock [Member] - USD ($) shares in Millions, $ in Millions	3 Months Ended		9 Months Ended
	Feb. 26, 2023	Feb. 27, 2022	Feb. 26, 2023	Feb. 27, 2022
Shares of common stock	2.9	2.6	15	8.8
Aggregate purchase price	$ 251	$ 175.5	$ 1,152.3	$ 550.5

Statements of Cash Flows (Conso

Statements of Cash Flows (Consolidated Statements of Cash Flows) (Details) - USD ($) $ in Millions	9 Months Ended
	Feb. 26, 2023	Feb. 27, 2022
Statements Of Cash Flows [Abstract]
Net cash interest payments	$ 225.6	$ 234.2
Net income tax payments	$ 538.4	$ 397.3

Retirement and Postemployment_3

Retirement and Postemployment Benefits (Schedule of Components Of Net Periodic Benefit Expense) (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Feb. 26, 2023	Feb. 27, 2022	Feb. 26, 2023	Feb. 27, 2022
Defined Benefit Pension Plans [Member]
Defined Benefit Plan Disclosure [Line Items]
Service cost	$ 17.6	$ 23.2	$ 52.7	$ 70.4
Interest cost	64.6	46	193.8	138.4
Expected return on plan assets	(105)	(102.8)	(315)	(308.5)
Amortization of losses (gains)	28.3	35.7	85	106.1
Amortization of prior service costs (credits)	0.4	0.2	1.1	0.6
Other adjustments	0	0	0	0
Curtailment gain			0	(14.3)
Net expense (income)	5.9	2.3	17.6	(7.3)
Other Postretirement Benefit Plans [Member]
Defined Benefit Plan Disclosure [Line Items]
Service cost	1.4	2	4	5.8
Interest cost	4.5	3.1	13.5	9.4
Expected return on plan assets	(7.7)	(6.6)	(23.3)	(20)
Amortization of losses (gains)	(4.9)	(2.7)	(14.6)	(8.1)
Amortization of prior service costs (credits)	(5.9)	(5.3)	(17.4)	(15.7)
Other adjustments	0	0	0	0
Curtailment gain			0	(5.7)
Net expense (income)	(12.6)	(9.5)	(37.8)	(34.3)
Postemployment Benefit Plans [Member]
Defined Benefit Plan Disclosure [Line Items]
Service cost	2.1	1.8	6.3	5.3
Interest cost	0.7	0.4	2.3	1.1
Expected return on plan assets	0	0	0	0
Amortization of losses (gains)	0.1	0.8	0.2	2.3
Amortization of prior service costs (credits)	0.1	0.1	0.3	0.3
Other adjustments	3.2	4	9.1	9.7
Curtailment gain			0	0
Net expense (income)	$ 6.2	$ 7.1	$ 18.2	$ 18.7

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. 26, 2023	Feb. 27, 2022	Feb. 26, 2023	Feb. 27, 2022
Segment Reporting Information [Line Items]
Net sales	$ 5,125.9	$ 4,537.7	$ 15,064.2	$ 14,101.6
Operating profit	730.2	815.3	2,615.6	2,459.7
Divestitures gain, net	(13.7)	(170.1)	(444.6)	(170.1)
Restructuring, impairment, and other exit costs	1.4	7.1	14.1	5.1
Operating Segments [Member]
Segment Reporting Information [Line Items]
Net sales	5,125.9	4,537.7	15,064.2	14,101.6
Operating profit	1,014.3	793.2	3,026.6	2,623.6
Unallocated Corporate Items [Member]
Segment Reporting Information [Line Items]
Operating profit	296.4	140.9	841.5	328.9
Significant Reconciling Items [Member]
Segment Reporting Information [Line Items]
Divestitures gain, net	(13.7)	170.1	(444.6)	(170.1)
Restructuring, impairment, and other exit costs	1.4	7.1	14.1	5.1
North America Retail [Member] | Operating Segments [Member]
Segment Reporting Information [Line Items]
Net sales	3,232	2,811.9	9,593.9	8,567.1
Operating profit	786.9	611.5	2,401.8	1,935.5
U.S. Meals & Baking [Member] | Operating Segments [Member]
Segment Reporting Information [Line Items]
Net sales	1,185.3	968	3,456.2	3,032.6
U.S. Morning Foods [Member] | Operating Segments [Member]
Segment Reporting Information [Line Items]
Net sales	918.6	858	2,731.1	2,514.4
U.S. Snacks [Member] | Operating Segments [Member]
Segment Reporting Information [Line Items]
Net sales	883.5	745	2,663.6	2,282.3
Canada [Member] | Operating Segments [Member]
Segment Reporting Information [Line Items]
Net sales	244.6	240.9	743	737.8
International [Member] | Operating Segments [Member]
Segment Reporting Information [Line Items]
Net sales	700.6	721	2,024.8	2,566
Operating profit	42.4	35.9	95	155.9
Pet [Member] | Operating Segments [Member]
Segment Reporting Information [Line Items]
Net sales	645.5	567.7	1,818.3	1,649.1
Operating profit	102.6	110.6	312.3	357.3
North America Foodservice [Member] | Operating Segments [Member]
Segment Reporting Information [Line Items]
Net sales	547.8	437.1	1,627.2	1,319.4
Operating profit	$ 82.4	$ 35.2	$ 217.5	$ 174.9

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. 26, 2023	Feb. 27, 2022	Feb. 26, 2023	Feb. 27, 2022
Product Information [Line Items]
Net sales	$ 5,125.9	$ 4,537.7	$ 15,064.2	$ 14,101.6
Snacks [Member]
Product Information [Line Items]
Net sales	1,065.5	925.3	3,236.7	2,827.4
Cereal [Member]
Product Information [Line Items]
Net sales	801.9	754.4	2,427.5	2,227.6
Convenient meals [Member]
Product Information [Line Items]
Net sales	815.6	772.8	2,281.2	2,258.1
Dough [Member]
Product Information [Line Items]
Net sales	644.8	446.6	1,855.2	1,458.8
Pet [Member]
Product Information [Line Items]
Net sales	646.2	568.1	1,820.7	1,649.5
Baking mixes and ingredients [Member]
Product Information [Line Items]
Net sales	517.7	465.9	1,554.9	1,379.4
Yogurt [Member]
Product Information [Line Items]
Net sales	378	349.3	1,081.5	1,362.3
Super-premium ice cream [Member]
Product Information [Line Items]
Net sales	148.2	151.4	496.6	596.2
Other [Member]
Product Information [Line Items]
Net sales	$ 108	$ 103.9	$ 309.9	$ 342.3