General Mills (GIS) 10-Q 20 Dec 23 2024 Q2 Quarterly report Financial data

Cover Page

Cover Page - shares	6 Months Ended
	Nov. 26, 2023	Dec. 13, 2023	May 28, 2023
Cover [Abstract]
Document Type	10-Q
Document Quarterly Report	true
Amendment Flag	false
Entity Central Index Key	0000040704
Document Period End Date	Nov. 26, 2023
Document Transition Report	false
Document Fiscal Period Focus	Q2
Document Fiscal Year Focus	2024
Current Fiscal Year End Date	--05-26
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		567,890,100
Shares held in the treasury	185,700,000	186,723,228	168,000,000
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
0.125% Notes due 2025 [Member]
Entity Listings [Line Items]
Security 12b Title	0.125% Notes due 2025
Trading Symbol	GIS 25A
Security Exchange Name	NYSE
0.450% Notes due 2026 [Member]
Entity Listings [Line Items]
Security 12b Title	0.450% Notes due 2026
Trading Symbol	GIS 26
Security Exchange Name	NYSE
1.500% Notes due 2027 [Member]
Entity Listings [Line Items]
Security 12b Title	1.500% Notes due 2027
Trading Symbol	GIS 27
Security Exchange Name	NYSE
3.907% Notes due 2029 [Member]
Entity Listings [Line Items]
Security 12b Title	3.907% Notes due 2029
Trading Symbol	GIS 29
Security Exchange Name	NYSE

Consolidated Statements of Earn

Consolidated Statements of Earnings - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Nov. 26, 2023	Nov. 27, 2022	Nov. 26, 2023	Nov. 27, 2022
Consolidated Statements of Earnings [Abstract]
Net sales	$ 5,139.4	$ 5,220.7	$ 10,044.1	$ 9,938.3
Cost of sales	3,373.5	3,515.6	6,507.7	6,785.5
Selling, general, and administrative expenses	830.5	894.2	1,669.8	1,685.6
Divestitures gain, net	0	0	0	(430.9)
Restructuring, impairment, and other exit costs	123.6	11.1	124.8	12.7
Operating profit	811.8	799.8	1,741.8	1,885.4
Benefit plan non-service income	(20.1)	(21.7)	(37.1)	(43.4)
Interest, net	117.8	91.5	234.8	179.2
Total earnings before income taxes and after-tax earnings from joint ventures	714.1	730	1,544.1	1,749.6
Income taxes	136	147.1	309.2	363.2
After-tax earnings from joint ventures	24.2	25.4	47.7	45.2
Net earnings, including earnings attributable to noncontrolling interests	602.3	608.3	1,282.6	1,431.6
Net earnings attributable to noncontrolling interests	6.8	2.4	13.6	5.7
Net earnings attributable to General Mills	$ 595.5	$ 605.9	$ 1,269	$ 1,425.9
Earnings per share - basic	$ 1.03	$ 1.01	$ 2.18	$ 2.38
Earnings per share - diluted	$ 1.02	$ 1.01	$ 2.16	$ 2.36

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Nov. 26, 2023	Nov. 27, 2022	Nov. 26, 2023	Nov. 27, 2022
Consolidated Statements of Comprehensive Income [Abstract]
Net earnings, including earnings attributable to noncontrolling interests	$ 602.3	$ 608.3	$ 1,282.6	$ 1,431.6
Other comprehensive loss, net of tax:
Foreign currency translation	(22.3)	(115)	(40.4)	(111.2)
Other fair value changes:
Hedge derivatives	1.9	20.8	(0.4)	(17.5)
Reclassification to earnings:
Foreign currency translation	0	0	0	(7.4)
Hedge derivatives	(2.4)	1	(2.2)	(0.4)
Amortization of losses and prior service costs	9.2	14.2	18.3	28.3
Other comprehensive loss, net of tax	(13.6)	(79)	(24.7)	(108.2)
Total comprehensive income	588.7	529.3	1,257.9	1,323.4
Comprehensive income attributable to noncontrolling interests	7.1	3	14	5
Comprehensive income attributable to General Mills	$ 581.6	$ 526.3	$ 1,243.9	$ 1,318.4

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Millions	Nov. 26, 2023	May 28, 2023
Current assets:
Cash and cash equivalents	$ 593.8	$ 585.5
Receivables	1,758.8	1,683.2
Inventories	2,166	2,172
Prepaid expenses and other current assets	527	735.7
Total current assets	5,045.6	5,176.4
Land, buildings, and equipment	3,598.9	3,636.2
Goodwill	14,441.8	14,511.2
Other intangible assets	6,963.3	6,967.6
Other assets	1,183.8	1,160.3
Total assets	31,233.4	31,451.7
Current liabilities:
Accounts payable	3,824.4	4,194.2
Current portion of long-term debt	1,321	1,709.1
Notes payable	799.2	31.7
Other current liabilities	1,957.6	1,600.7
Total current liabilities	7,902.2	7,535.7
Long-term debt	10,530.5	9,965.1
Deferred income taxes	2,026.6	2,110.9
Other liabilities	1,142.2	1,140
Total liabilities	21,601.5	20,751.7
Stockholders' equity:
Common stock, 754.6 shares issued, $0.10 par value	75.5	75.5
Additional paid-in capital	1,201.8	1,222.4
Retained earnings	20,080.9	19,838.6
Common stock in treasury, at cost, shares of 185.7 and 168.0	(9,677.4)	(8,410)
Accumulated other comprehensive loss	(2,302)	(2,276.9)
Total stockholders' equity	9,378.8	10,449.6
Noncontrolling interests	253.1	250.4
Total equity	9,631.9	10,700
Total liabilities and equity	$ 31,233.4	$ 31,451.7

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - $ / shares	Dec. 13, 2023	Nov. 26, 2023	May 28, 2023	Nov. 27, 2022
Stockholders' equity:
Common stock, shares issued		754,600,000	754,600,000
Common stock, par value		$ 0.10	$ 0.10	$ 0.10
Shares held in the treasury	186,723,228	185,700,000	168,000,000

Consolidated Statements of Tota

Consolidated Statements of Total Equity - USD ($) shares in Millions, $ in Millions	Total	Parent [Member]	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. 29, 2022						(155.7)
Stockholders' Equity, Number of Shares
Shares purchased, shares	(12.1)					(12.1)
Stock compensation plans						3.4
Ending Balance, Treasury Stock, Shares at Nov. 27, 2022						(164.4)
Ending Balance, Common Stock, Shares, Issued at Nov. 27, 2022			754.6
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	(901.3)					(901.3)
Stock compensation plans				1.9		155.9
Unearned compensation related to stock unit awards				(85.8)
Earned compensation				56.3
Comprehensive income (loss)							(107.5)	5
Net earnings attributable to General Mills	1,425.9	$ 1,425.9			1,425.9
Distributions to noncontrolling interest holders								(4.8)
Change in ownership interest								0
Divestiture								5.1
Cash dividends declared					(966.6)
Ending Balance, equity at Nov. 27, 2022	$ 10,372.1		$ 75.5	1,155.3	18,991.9	$ (8,023.5)	(2,078)	250.9
Beginning Balance, Treasury Stock, Shares at Aug. 28, 2022						(160.3)
Stockholders' Equity, Number of Shares
Shares purchased, shares	(5.2)					(5.2)
Stock compensation plans						1.1
Ending Balance, Treasury Stock, Shares at Nov. 27, 2022						(164.4)
Ending Balance, Common Stock, Shares, Issued at Nov. 27, 2022			754.6
Beginning Balance, equity at Aug. 28, 2022	$ 10,825.6			1,146.1	19,027.6	$ (7,676)	(1,998.4)	250.8
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest [Abstract]
Shares purchased, value	(400.5)					(400.5)
Stock compensation plans				(7.4)		53
Unearned compensation related to stock unit awards				(6.8)
Earned compensation				23.4
Comprehensive income (loss)							(79.6)	3
Net earnings attributable to General Mills	605.9	605.9			605.9
Distributions to noncontrolling interest holders								(2.9)
Change in ownership interest								0
Cash dividends declared					(641.6)
Ending Balance, equity at Nov. 27, 2022	$ 10,372.1		$ 75.5	1,155.3	18,991.9	$ (8,023.5)	(2,078)	250.9
Beginning Balance, Common Stock, Shares, Issued at May. 28, 2023	754.6
Beginning Balance, Treasury Stock, Shares at May. 28, 2023	(168)					(168)
Stockholders' Equity, Number of Shares
Shares purchased, shares	(18.8)					(18.8)
Stock compensation plans						1.1
Ending Balance, Treasury Stock, Shares at Nov. 26, 2023	(185.7)					(185.7)
Ending Balance, Common Stock, Shares, Issued at Nov. 26, 2023	754.6		754.6
Beginning Balance, equity at May. 28, 2023	$ 10,700			1,222.4	19,838.6	$ (8,410)	(2,276.9)	250.4
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest [Abstract]
Shares purchased, value	(1,313.5)					(1,313.5)
Stock compensation plans				0.8		46.1
Unearned compensation related to stock unit awards				(79.9)
Earned compensation				58.5
Comprehensive income (loss)							(25.1)	14
Net earnings attributable to General Mills	1,269	1,269			1,269
Distributions to noncontrolling interest holders								(12)
Change in ownership interest								0.7
Divestiture								0
Cash dividends declared					(1,026.7)
Ending Balance, equity at Nov. 26, 2023	$ 9,631.9		$ 75.5	1,201.8	20,080.9	$ (9,677.4)	(2,302)	253.1
Beginning Balance, Treasury Stock, Shares at Aug. 27, 2023						(173.4)
Stockholders' Equity, Number of Shares
Shares purchased, shares	(12.4)					(12.4)
Stock compensation plans						0.1
Ending Balance, Treasury Stock, Shares at Nov. 26, 2023	(185.7)					(185.7)
Ending Balance, Common Stock, Shares, Issued at Nov. 26, 2023	754.6		754.6
Beginning Balance, equity at Aug. 27, 2023	$ 10,515.4			1,185.7	20,163.6	$ (8,874.3)	(2,288.1)	253
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest [Abstract]
Shares purchased, value	(808.8)					(808.8)
Stock compensation plans				(6.5)		5.7
Unearned compensation related to stock unit awards				(0.5)
Earned compensation				23.1
Comprehensive income (loss)							(13.9)	7.1
Net earnings attributable to General Mills	595.5	$ 595.5			595.5
Distributions to noncontrolling interest holders								(7.7)
Change in ownership interest								0.7
Cash dividends declared					(678.2)
Ending Balance, equity at Nov. 26, 2023	$ 9,631.9		$ 75.5	$ 1,201.8	$ 20,080.9	$ (9,677.4)	$ (2,302)	$ 253.1

Consolidated Statements of To_2

Consolidated Statements of Total Equity (Parenthetical) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Nov. 26, 2023	Nov. 27, 2022	Nov. 26, 2023	Nov. 27, 2022
Consolidated Statements of Total Equity [Abstract]
Par Value Common Stock	$ 0.10	$ 0.10	$ 0.10	$ 0.10
Shares Authorized	1,000,000,000	1,000,000,000	1,000,000,000	1,000,000,000
Shares purchased, excise tax	$ 7.9		$ 12.1
Cash dividends declared per share	$ 1.18	$ 1.08	$ 1.77	$ 1.62

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($) $ in Millions	6 Months Ended
	Nov. 26, 2023	Nov. 27, 2022
Cash Flows - Operating Activities
Net earnings, including earnings attributable to noncontrolling interests	$ 1,282.6	$ 1,431.6
Adjustments to reconcile net earnings to net cash provided by operating activities:
Depreciation and amortization	265.8	273.9
After-tax earnings from joint ventures	(47.7)	(45.2)
Distributions of earnings from joint ventures	23.5	26.5
Stock-based compensation	58.5	57.6
Deferred income taxes	(58.7)	(48.1)
Pension and other postretirement benefit plan contributions	(12.5)	(12.7)
Pension and other postretirement benefit plan costs	(13.5)	(13.5)
Divestitures gain, net	0	(430.9)
Restructuring, impairment, and other exit costs	123.1	(13.7)
Changes in current assets and liabilities, excluding the effects of acquisitions and divestitures	(166.1)	(64.4)
Other, net	40.8	39.6
Net cash provided by operating activities	1,495.8	1,200.7
Cash Flows - Investing Activities
Purchases of land, buildings, and equipment	(293.9)	(226.7)
Acquisition, net of cash acquired	(25.5)	(251.5)
Proceeds from divestitures, net of cash divested	0	610.7
Investments in affiliates, net	(1.5)	(1.4)
Proceeds from disposal of land, buildings, and equipment	0.1	0.5
Other, net	4.6	(6.5)
Net cash (used) provided by investing activities	(316.2)	125.1
Cash Flows - Financing Activities
Change in notes payable	766.9	353.4
Issuance of long-term debt	500	500
Payment of long-term debt	(400)	(600)
Proceeds from common stock issued on exercised options	5.7	118.5
Purchases of common stock for treasury	(1,301.4)	(901.3)
Dividends paid	(691)	(647.9)
Distributions to noncontrolling interest holders	(12)	(4.8)
Other, net	(41.8)	(48.4)
Net cash used by financing activities	(1,173.6)	(1,230.5)
Effect of exchange rate changes on cash and cash equivalents	2.3	(20.6)
Increase in cash and cash equivalents	8.3	74.7
Cash and cash equivalents - beginning of year	585.5	569.4
Cash and cash equivalents - end of period	593.8	644.1
Cash flow from changes in current assets and liabilities, excluding the effects of acquisitions and divestitures:
Receivables	(69.2)	(200.8)
Inventories	13.8	(278.5)
Prepaid expenses and other current assets	209	62.9
Accounts payable	(329.1)	112.5
Other current liabilities	9.4	239.5
Changes in current assets and liabilities	$ (166.1)	$ (64.4)

Background

Background	6 Months Ended
	Nov. 26, 2023
Background [Abstract]
Background	(1) Background The accompanying prepared in and with required presentation have any necessarily indicative of the results that may be expected for the fiscal year ending These Report on Form Statements are the same as those described in Note 2 to the Consolidated Financial new requirements adopted in the first quarter of fiscal 2024. In the first quarter The new hedge accounting apply a new reference rate, operations or financial position. In the new standard requires including these programs The adoption did not have a material impact on our financial statements and related Certain terms used throughout this report are defined in the “Glossary” section below.

Acquisition And Divestiture

Acquisition And Divestiture	6 Months Ended
	Nov. 26, 2023
Acquisition And Divestiture [Abstract]
Acquisition And Divestiture	(2) Acquisition and Divestiture During national pizza 253.0 with U.S. commercial paper. $ 156.7 forma effects of this acquisition were not material. During the Eagle Family Foods Group for $ 606.8 442.2

Restructuring, Impairment, And

Restructuring, Impairment, And Other Exit Costs	6 Months Ended
	Nov. 26, 2023
Restructuring, Impairment, And Other Exit Costs [Abstract]
Restructuring, Impairment, And Other Exit Costs	In Millions Total Reserve balance as of May 28, 2023 $ 47.7 Fiscal 2024 charges, including foreign currency translation 1.7 Utilized in fiscal 2024 (16.3) Reserve balance as of Nov. 26, 2023 $ 33.1 Quarter Ended Six-Month Period Ended In Millions Nov. 26, 2023 Nov. 27, 2022 Nov. 26, 2023 Nov. 27, 2022 Restructuring, impairment, and other exit costs $ 123.6 $ 11.1 $ 124.8 $ 12.7 Cost of sales 8.3 0.5 16.9 1.2 Total restructuring $ 131.9 $ 11.6 $ 141.7 $ 13.9 Project-related costs classified in cost of sales $ 0.3 $ - $ 1.1 $ - Quarter Ended Six-Month Period Ended In Millions Nov. 26, 2023 Nov. 27, 2022 Nov. 26, 2023 Nov. 27, 2022 Goodwill impairment $ 117.1 $ - $ 117.1 $ - Commercial strategy action 5.1 - 5.1 - Charges associated with restructuring actions 9.7 11.6 19.5 13.9 Total $ 131.9 $ 11.6 $ 141.7 $ 13.9 (3) Restructuring, Impairment, and Other Exit Costs Restructuring and impairment charges were as follows: In the second 117.1 reporting unit. In associated 22 project-related expenses 4 of 16 6 2.4 million of 2.7 2023. We expect In previously announced we 11 4 recorded in the second quarter of fiscal 2024 and $ 4 36 of 18 consist of 12 24 to be completed by the end of fiscal 2025. We recorded 9.7 19.5 six-month 11.6 restructuring 13.9 November fiscal 2025. We 18.6 $ 27.6 Restructuring and impairment charges and project-related The roll forward of our restructuring and other exit cost reserves, included 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	6 Months Ended
	Nov. 26, 2023
Goodwill And Other Intangible Assets [Abstract]
Goodwill And Other Intangible Assets	In Millions Nov. 26, 2023 May 28, 2023 Goodwill $ 14,441.8 $ 14,511.2 Other intangible assets: Intangible assets not subject to amortization: Brands and other indefinite-lived intangibles 6,717.2 6,712.4 Intangible assets subject to amortization: Customer relationships and other finite-lived intangibles 387.0 386.3 Less accumulated amortization (140.9) (131.1) Intangible assets subject to amortization, net 246.1 255.2 Other intangible assets 6,963.3 6,967.6 Total $ 21,405.1 $ 21,478.8 In Millions North America Retail Pet North America Foodservice International Corporate and Joint Ventures Total Balance as of May 28, 2023 $ 6,542.4 $ 6,062.8 $ 805.6 $ 708.4 $ 392.0 $ 14,511.2 Acquisition - - - - 26.9 26.9 Impairment charge - - - (117.1) - (117.1) Other activity, primarily (0.2) - (0.1) 13.3 7.8 20.8 Balance as of Nov. 26, 2023 $ 6,542.2 $ 6,062.8 $ 805.5 $ 604.6 $ 426.7 $ 14,441.8 In Millions Total Balance as of May 28, 2023 $ 6,967.6 Amortization, net of foreign currency translation (4.3) Balance as of Nov. 26, 2023 $ 6,963.3 (4) Goodwill and Other Intangible Assets The components of goodwill and other intangible assets are as follows: Based next five fiscal years is estimated to be approximately $ 20 The changes in the carrying amount of goodwill during the six-month period The changes in the carrying amount of other intangible assets during the six-month Our fiscal 2024. As a of the reporting unit was 117.1 impairment, testing were determined based on a discounted cash flow model and All other intangible True Chews Uncle Toby’s brand intangible Progresso , Nudges , Top , EPIC potential impairment.

Inventories

Inventories	6 Months Ended
	Nov. 26, 2023
Inventories [Abstract]
Inventories	(5) Inventories The components of inventories were as follows: In Millions Nov. 26, 2023 May 28, 2023 Finished goods $ 2,053.1 $ 2,066.9 Raw materials and packaging 528.0 572.2 Grain 138.5 133.8 Excess of FIFO over LIFO cost (553.6) (600.9) Total $ 2,166.0 $ 2,172.0

Risk Management Activities

Risk Management Activities	6 Months Ended
	Nov. 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 six-month periods ended Quarter Ended Six-Month Period Ended In Millions Nov. 26, 2023 Nov. 27, 2022 Nov. 26, 2023 Nov. 27, 2022 Net loss on mark-to-market valuation of certain $ (38.2) $ (20.9) $ (9.8) $ (93.2) Net loss (gain) on commodity positions reclassified from 14.6 (20.5) 17.8 (63.5) Net mark-to-market revaluation of certain grain inventories (1.5) 16.3 11.8 (43.1) Net mark-to-market valuation of certain commodity $ (25.1) $ (25.1) $ 19.8 $ (199.8) As of 420.8 162.5 energy inputs and $ 258.3 next 12 We also these investments with € 2,960.0 The material significantly change our valuation techniques from prior periods. We services also We financial institutions the third agreements. 1,388.2 third-party services. 1,430.1 third-party services.

Debt

Debt	6 Months Ended
	Nov. 26, 2023
Debt [Abstract]
Debt	(7) Debt The components of notes payable were as follows: In Millions Nov. 26, 2023 May 28, 2023 U.S. commercial paper $ 730.7 $ - Financial institutions 68.5 31.7 Total $ 799.2 $ 31.7 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 0.1 Total committed $ 3.3 $ 0.1 The 2.5 We were in compliance with all credit facility covenants as of November 26, 2023. Long-Term The fair values 10,920.3 11,851.5 respectively, flows based fair value hierarchy. In the second 250.0 November 8, 2024 . We to repay € 250.0 November 10, 2023 . In the 500.0 5.5 October 17, 2028 . We proceeds to repay $ 400.0 October 17, 2023 , and for general corporate purposes. In the first 500.0 November 8, 2024 . We repay € 500.0 July 27, 2023 . In the fourth quarter 250.0 November 10, 2023 . We to repay € 250.0 May 16, 2023 . In the 750.0 3.907 April 13, 2029 . We proceeds to repay € 500.0 1.0 April 27, 2023 , and € 250.0 May 16, 2023 . In the fourth 1,000.0 4.95 March 29, 2033 . We proceeds to repay our outstanding commercial paper and for general In the second 500.0 5.241 November 18, 2025 . We net proceeds to repay a portion of our outstanding commercial paper and for general In the 250.0 May 16, 2023 . We repay € 250.0 0.0 November 11, 2022 . In the 500.0 2.6 October 12, 2022 , using from the issuance of commercial paper. Certain of our As of November 26, 2023, we were in compliance with all of these covenants.

Noncontrolling Interests

Noncontrolling Interests	6 Months Ended
	Nov. 26, 2023
Noncontrolling Interests [Abstract]
Noncontrolling Interests	(8) 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 Our noncontrolling interests contain restrictive covenants. As of November 26, 2023, we were in compliance with all of these covenants.

Stockholders' Equity

Stockholders' Equity	6 Months Ended
	Nov. 26, 2023
Stockholders' Equity [Abstract]
Stockholders' Equity	Quarter Ended Quarter Ended Nov. 26, 2023 Nov. 27, 2022 General Mills Noncontrolling Interests General Mills Noncontrolling Interests In Millions Pretax Tax Net Net Pretax Tax Net Net Net earnings, including earnings $ 595.5 $ 6.8 $ 605.9 $ 2.4 Other comprehensive (loss) income: Foreign currency translation $ (32.4) $ 9.8 (22.6) 0.3 $ (144.7) $ 29.1 (115.6) 0.6 Other fair value changes: Hedge derivatives 2.5 (0.6) 1.9 - 26.8 (6.0) 20.8 - Reclassification to earnings: Hedge derivatives (a) (3.4) 1.0 (2.4) - 1.8 (0.8) 1.0 - Amortization of losses and 11.5 (2.3) 9.2 - 18.3 (4.1) 14.2 - Other comprehensive (loss) income $ (21.8) $ 7.9 (13.9) 0.3 $ (97.8) $ 18.2 (79.6) 0.6 Total comprehensive income $ 581.6 $ 7.1 $ 526.3 $ 3.0 Six-Month Period Ended Six-Month Period Ended Nov. 26, 2023 Nov. 27, 2022 General Mills Noncontrolling Interests General Mills Noncontrolling Interests In Millions Pretax Tax Net Net Pretax Tax Net Net Net earnings, including earnings $ 1,269.0 $ 13.6 $ 1,425.9 $ 5.7 Other comprehensive (loss) income: Foreign currency translation $ (54.4) $ 13.6 (40.8) 0.4 $ (86.7) $ (23.8) (110.5) (0.7) Other fair value changes: Hedge derivatives (0.2) (0.2) (0.4) - (23.0) 5.5 (17.5) - Reclassification to earnings: Foreign currency translation (a) - - - - (7.4) - (7.4) - Hedge derivatives (b) (4.7) 2.5 (2.2) - (0.1) (0.3) (0.4) - Amortization of losses and 23.0 (4.7) 18.3 - 36.5 (8.2) 28.3 - Other comprehensive (loss) income $ (36.3) $ 11.2 (25.1) 0.4 $ (80.7) $ (26.8) (107.5) (0.7) Total comprehensive income $ 1,243.9 $ 14.0 $ 1,318.4 $ 5.0 In Millions Nov. 26, 2023 May 28, 2023 Foreign currency translation adjustments $ (749.4) $ (708.6) Unrealized gain from hedge derivatives 3.3 5.9 Pension, other postretirement, and postemployment benefits: Net actuarial loss (1,642.8) (1,670.6) Prior service credits 86.9 96.4 Accumulated other comprehensive loss $ (2,302.0) $ (2,276.9) (9) Stockholders’ Equity The following tables provide details of total comprehensive income: (a) (b) (a) (b) (c) Accumulated other comprehensive loss balances, net of tax effects,

Stock Plans

Stock Plans	6 Months Ended
	Nov. 26, 2023
Stock Plans [Abstract]
Stock Plans	(10) Stock Plans We units, and performance described in Note May 28, 2023. Compensation expense related to stock-based payments recognized Quarter Ended Six-Month Period Ended In Millions Nov. 26, 2023 Nov. 27, 2022 Nov. 26, 2023 Nov. 27, 2022 Compensation expense related to stock-based payments $ 23.1 $ 24.1 $ 58.5 $ 57.6 Windfall tax benefits from stock-based payments Quarter Ended Six-Month Period Ended In Millions Nov. 26, 2023 Nov. 27, 2022 Nov. 26, 2023 Nov. 27, 2022 Windfall tax benefits from stock-based payments $ 0.5 $ 5.6 $ 8.9 $ 18.4 As performance share units was $ 149.8 23 Net cash proceeds from the exercise of stock options were as follows: Six-Month Period Ended In Millions Nov. 26, 2023 Nov. 27, 2022 Net cash proceeds $ 5.7 $ 118.5 Intrinsic value of options exercised $ 2.3 $ 55.7 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 28, 2023. The follows: Six-Month Period Ended Nov. 26, 2023 Nov. 27, 2022 Estimated fair values of stock options granted $ 17.47 $ 14.16 Assumptions: Risk-free interest rate 4.0 % 3.3 % Expected term 8.5 years 8.5 years Expected volatility 21.4 % 20.9 % Dividend yield 2.8 % 3.1 % The total grant date fair value of restricted stock unit awards that vested during Six-Month Period Ended In Millions Nov. 26, 2023 Nov. 27, 2022 Total grant date fair $ 87.4 $ 102.6

Earnings Per Share

Earnings Per Share	6 Months Ended
	Nov. 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 Six-Month Period Ended In Millions, Except per Share Data Nov. 26, 2023 Nov. 27, 2022 Nov. 26, 2023 Nov. 27, 2022 Net earnings attributable to General Mills $ 595.5 $ 605.9 $ 1,269.0 $ 1,425.9 Average number 580.1 595.9 583.2 598.0 Incremental share effect from: (a) Stock options 1.4 3.7 2.1 3.6 Restricted stock units and performance share units 1.9 2.4 2.1 2.4 Average number 583.4 602.0 587.4 604.0 Earnings per share – basic $ 1.03 $ 1.01 $ 2.18 $ 2.38 Earnings per share – diluted $ 1.02 $ 1.01 $ 2.16 $ 2.36 (a) method. were not dilutive were as follows Quarter Ended Six-Month Period Ended In Millions Nov. 26, 2023 Nov. 27, 2022 Nov. 26, 2023 Nov. 27, 2022 Anti-dilutive stock options, restricted stock units, and 4.5 1.0 2.4 1.0

Share Repurchases

Share Repurchases	6 Months Ended
	Nov. 26, 2023
Share Repurchases [Abstract]
Share Repurchases	(12) Share Repurchases Share repurchases were as follows: Quarter Ended Six-Month Period Ended In Millions Nov. 26, 2023 Nov. 27, 2022 Nov. 26, 2023 Nov. 27, 2022 Shares of common stock 12.4 5.2 18.8 12.1 Aggregate purchase price $ 808.8 $ 400.5 $ 1,313.5 $ 901.3

Statements Of Cash Flows

Statements Of Cash Flows	6 Months Ended
	Nov. 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: Six-Month Period Ended In Millions Nov. 26, 2023 Nov. 27, 2022 Net cash interest payments $ 212.2 $ 154.3 Net income tax payments $ 207.0 $ 365.4

Retirement And Postemployment B

Retirement And Postemployment Benefits	6 Months Ended
	Nov. 26, 2023
Retirement And Postemployment Benefits [Abstract]
Retirement Benefits 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 Nov. 26, 2023 Nov. 27, 2022 Nov. 26, 2023 Nov. 27, 2022 Nov. 26, 2023 Nov. 27, 2022 Service cost $ 14.4 $ 17.5 $ 1.2 $ 1.2 $ 1.9 $ 2.1 Interest cost 74.1 64.6 5.4 4.5 1.0 0.8 Expected return on plan assets (106.0) (105.0) (8.7) (7.8) - - Amortization of losses (gains) 21.5 28.4 (5.1) (4.8) (0.1) - Amortization of prior service costs (credits) 0.5 0.3 (5.5) (5.7) 0.2 0.1 Other adjustments - - - - 2.6 2.9 Curtailment gain (3.4) - - - - - Net expense (income) $ 1.1 $ 5.8 $ (12.7) $ (12.6) $ 5.6 $ 5.9 Defined Benefit Pension Plans Other Postretirement Benefit Plans Postemployment Benefit Plans Six-Month Period Ended Six-Month Period Ended Six-Month Period Ended In Millions Nov. 26, 2023 Nov. 27, 2022 Nov. 26, 2023 Nov. 27, 2022 Nov. 26, 2023 Nov. 27, 2022 Service cost $ 28.6 $ 35.1 $ 2.4 $ 2.6 $ 3.7 $ 4.2 Interest cost 148.3 129.2 10.7 9.0 2.0 1.6 Expected return on plan assets (208.9) (210.0) (17.4) (15.6) - - Amortization of losses (gains) 43.0 56.7 (10.2) (9.7) (0.1) 0.1 Amortization of prior service costs (credits) 0.9 0.7 (10.9) (11.5) 0.3 0.2 Other adjustments - - - - 5.2 5.9 Curtailment gain (3.4) - - - - - Net expense (income) $ 8.5 $ 11.7 $ (25.4) $ (25.2) $ 11.1 $ 12.0

Income Taxes

Income Taxes	6 Months Ended
	Nov. 26, 2023
Income Taxes [Abstract]
Income Taxes	(15) Income Taxes During the second quarter of fiscal 2024, we received a notice of proposed adjustment with a capital loss from fiscal 2019. We our position. We liquidity. During Alternative Minimum Tax 2023. liquidity.

Contingencies

Contingencies	6 Months Ended
	Nov. 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	6 Months Ended
	Nov. 26, 2023
Business Segment And Geographic Information [Abstract]
Business Segment And Geographic Information	(17) Business Segment and Geographic Information We North America Foodservice. Our North America Retail stores, categories products, organic products including ready-to-eat cereal, frozen Our product categories include super-premium shelf through owned Caribbean and Latin American markets, as well as products we export activities are reported in the region or country where the end customer 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 Six-Month Period Ended In Millions Nov. 26, 2023 Nov. 27, 2022 Nov. 26, 2023 Nov. 27, 2022 Net sales: North America Retail $ 3,305.0 $ 3,373.1 $ 6,378.0 $ 6,361.9 International 683.1 671.7 1,398.9 1,324.2 Pet 569.3 592.9 1,149.2 1,172.8 North America Foodservice 582.0 583.0 1,118.0 1,079.4 Total $ 5,139.4 $ 5,220.7 $ 10,044.1 $ 9,938.3 Operating profit: North America Retail $ 859.9 $ 837.1 $ 1,658.1 $ 1,614.9 International 34.6 17.8 84.6 52.6 Pet 102.5 86.6 213.7 209.7 North America Foodservice 95.5 81.5 154.6 135.1 Total segment operating $ 1,092.5 $ 1,023.0 $ 2,111.0 $ 2,012.3 Unallocated corporate items 157.1 212.1 244.4 545.1 Divestitures gain, net - - - (430.9) Restructuring, impairment, and other exit costs 123.6 11.1 124.8 12.7 Operating profit $ 811.8 $ 799.8 $ 1,741.8 $ 1,885.4 Net sales for our North America Retail operating units were as follows: Quarter Ended Six-Month Period Ended In Millions Nov. 26, 2023 Nov. 27, 2022 Nov. 26, 2023 Nov. 27, 2022 U.S. Meals & Baking Solutions $ 1,343.3 $ 1,321.7 $ 2,285.2 $ 2,270.9 U.S. Snacks 836.3 892.9 1,790.8 1,780.1 U.S. Morning Foods 856.9 908.5 1,784.7 1,812.5 Canada 268.5 250.0 517.3 498.4 Total $ 3,305.0 $ 3,373.1 $ 6,378.0 $ 6,361.9 Net sales by class of similar products were as follows: Quarter Ended Six-Month Period Ended In Millions Nov. 26, 2023 Nov. 27, 2022 Nov. 26, 2023 Nov. 27, 2022 Snacks $ 1,037.3 $ 1,102.8 $ 2,174.0 $ 2,171.2 Cereal 776.9 810.9 1,594.8 1,625.6 Convenient meals 785.1 786.4 1,450.6 1,465.6 Dough 775.1 745.6 1,310.0 1,210.4 Pet 572.3 593.7 1,152.2 1,174.5 Baking mixes and ingredients 562.3 563.7 1,028.8 1,037.2 Yogurt 364.9 357.5 733.3 703.5 Super-premium ice cream 168.3 164.9 392.3 348.4 Other 97.2 95.2 208.1 201.9 Total $ 5,139.4 $ 5,220.7 $ 10,044.1 $ 9,938.3

Restructuring, Impairment, An_2

Restructuring, Impairment, And Other Exit Costs (Tables)	6 Months Ended
	Nov. 26, 2023
Restructuring, Impairment, And Other Exit Costs [Abstract]
Restructuring And Impairment Charges	Quarter Ended Six-Month Period Ended In Millions Nov. 26, 2023 Nov. 27, 2022 Nov. 26, 2023 Nov. 27, 2022 Goodwill impairment $ 117.1 $ - $ 117.1 $ - Commercial strategy action 5.1 - 5.1 - Charges associated with restructuring actions 9.7 11.6 19.5 13.9 Total $ 131.9 $ 11.6 $ 141.7 $ 13.9
Restructuring, Impairment Charges And Project-Related Costs	Quarter Ended Six-Month Period Ended In Millions Nov. 26, 2023 Nov. 27, 2022 Nov. 26, 2023 Nov. 27, 2022 Restructuring, impairment, and other exit costs $ 123.6 $ 11.1 $ 124.8 $ 12.7 Cost of sales 8.3 0.5 16.9 1.2 Total restructuring $ 131.9 $ 11.6 $ 141.7 $ 13.9 Project-related costs classified in cost of sales $ 0.3 $ - $ 1.1 $ -
Rollforward Of Restructuring And Other Exit Cost Reserves	In Millions Total Reserve balance as of May 28, 2023 $ 47.7 Fiscal 2024 charges, including foreign currency translation 1.7 Utilized in fiscal 2024 (16.3) Reserve balance as of Nov. 26, 2023 $ 33.1

Goodwill And Other Intangible_2

Goodwill And Other Intangible Assets (Tables)	6 Months Ended
	Nov. 26, 2023
Goodwill And Other Intangible Assets [Abstract]
Components Of Goodwill And Other Intangible Assets	In Millions Nov. 26, 2023 May 28, 2023 Goodwill $ 14,441.8 $ 14,511.2 Other intangible assets: Intangible assets not subject to amortization: Brands and other indefinite-lived intangibles 6,717.2 6,712.4 Intangible assets subject to amortization: Customer relationships and other finite-lived intangibles 387.0 386.3 Less accumulated amortization (140.9) (131.1) Intangible assets subject to amortization, net 246.1 255.2 Other intangible assets 6,963.3 6,967.6 Total $ 21,405.1 $ 21,478.8
Changes In Carrying Amount Of Goodwill	In Millions North America Retail Pet North America Foodservice International Corporate and Joint Ventures Total Balance as of May 28, 2023 $ 6,542.4 $ 6,062.8 $ 805.6 $ 708.4 $ 392.0 $ 14,511.2 Acquisition - - - - 26.9 26.9 Impairment charge - - - (117.1) - (117.1) Other activity, primarily (0.2) - (0.1) 13.3 7.8 20.8 Balance as of Nov. 26, 2023 $ 6,542.2 $ 6,062.8 $ 805.5 $ 604.6 $ 426.7 $ 14,441.8
Changes In Carrying Amount Of Other Intangible Assets	In Millions Total Balance as of May 28, 2023 $ 6,967.6 Amortization, net of foreign currency translation (4.3) Balance as of Nov. 26, 2023 $ 6,963.3

Inventories (Tables)

Inventories (Tables)	6 Months Ended
	Nov. 26, 2023
Inventories [Abstract]
Schedule Of Components Of Inventories	In Millions Nov. 26, 2023 May 28, 2023 Finished goods $ 2,053.1 $ 2,066.9 Raw materials and packaging 528.0 572.2 Grain 138.5 133.8 Excess of FIFO over LIFO cost (553.6) (600.9) Total $ 2,166.0 $ 2,172.0

Risk Management Activities (Tab

Risk Management Activities (Tables)	6 Months Ended
	Nov. 26, 2023
Risk Management Activities [Abstract]
Schedule of Unallocated Corporate items	Quarter Ended Six-Month Period Ended In Millions Nov. 26, 2023 Nov. 27, 2022 Nov. 26, 2023 Nov. 27, 2022 Net loss on mark-to-market valuation of certain $ (38.2) $ (20.9) $ (9.8) $ (93.2) Net loss (gain) on commodity positions reclassified from 14.6 (20.5) 17.8 (63.5) Net mark-to-market revaluation of certain grain inventories (1.5) 16.3 11.8 (43.1) Net mark-to-market valuation of certain commodity $ (25.1) $ (25.1) $ 19.8 $ (199.8)

Debt (Tables)

Debt (Tables)	6 Months Ended
	Nov. 26, 2023
Debt [Abstract]
Schedule Of Components Of Notes Payable	In Millions Nov. 26, 2023 May 28, 2023 U.S. commercial paper $ 730.7 $ - Financial institutions 68.5 31.7 Total $ 799.2 $ 31.7
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 0.1 Total committed $ 3.3 $ 0.1

Stockholders' Equity (Tables)

Stockholders' Equity (Tables)	6 Months Ended
	Nov. 26, 2023
Stockholders' Equity [Abstract]
Schedule of Total Comprehensive Income (Loss)	Quarter Ended Quarter Ended Nov. 26, 2023 Nov. 27, 2022 General Mills Noncontrolling Interests General Mills Noncontrolling Interests In Millions Pretax Tax Net Net Pretax Tax Net Net Net earnings, including earnings $ 595.5 $ 6.8 $ 605.9 $ 2.4 Other comprehensive (loss) income: Foreign currency translation $ (32.4) $ 9.8 (22.6) 0.3 $ (144.7) $ 29.1 (115.6) 0.6 Other fair value changes: Hedge derivatives 2.5 (0.6) 1.9 - 26.8 (6.0) 20.8 - Reclassification to earnings: Hedge derivatives (a) (3.4) 1.0 (2.4) - 1.8 (0.8) 1.0 - Amortization of losses and 11.5 (2.3) 9.2 - 18.3 (4.1) 14.2 - Other comprehensive (loss) income $ (21.8) $ 7.9 (13.9) 0.3 $ (97.8) $ 18.2 (79.6) 0.6 Total comprehensive income $ 581.6 $ 7.1 $ 526.3 $ 3.0 (a) (b) (a) (b) (c) Six-Month Period Ended Six-Month Period Ended Nov. 26, 2023 Nov. 27, 2022 General Mills Noncontrolling Interests General Mills Noncontrolling Interests In Millions Pretax Tax Net Net Pretax Tax Net Net Net earnings, including earnings $ 1,269.0 $ 13.6 $ 1,425.9 $ 5.7 Other comprehensive (loss) income: Foreign currency translation $ (54.4) $ 13.6 (40.8) 0.4 $ (86.7) $ (23.8) (110.5) (0.7) Other fair value changes: Hedge derivatives (0.2) (0.2) (0.4) - (23.0) 5.5 (17.5) - Reclassification to earnings: Foreign currency translation (a) - - - - (7.4) - (7.4) - Hedge derivatives (b) (4.7) 2.5 (2.2) - (0.1) (0.3) (0.4) - Amortization of losses and 23.0 (4.7) 18.3 - 36.5 (8.2) 28.3 - Other comprehensive (loss) income $ (36.3) $ 11.2 (25.1) 0.4 $ (80.7) $ (26.8) (107.5) (0.7) Total comprehensive income $ 1,243.9 $ 14.0 $ 1,318.4 $ 5.0
Schedule Of Accumulated Other Comprehensive Income (Loss)	In Millions Nov. 26, 2023 May 28, 2023 Foreign currency translation adjustments $ (749.4) $ (708.6) Unrealized gain from hedge derivatives 3.3 5.9 Pension, other postretirement, and postemployment benefits: Net actuarial loss (1,642.8) (1,670.6) Prior service credits 86.9 96.4 Accumulated other comprehensive loss $ (2,302.0) $ (2,276.9)

Stock Plans (Tables)

Stock Plans (Tables)	6 Months Ended
	Nov. 26, 2023
Stock Plans [Abstract]
Schedule Of Compensation Expense Related To Stock-Based Payments	Quarter Ended Six-Month Period Ended In Millions Nov. 26, 2023 Nov. 27, 2022 Nov. 26, 2023 Nov. 27, 2022 Compensation expense related to stock-based payments $ 23.1 $ 24.1 $ 58.5 $ 57.6 Quarter Ended Six-Month Period Ended In Millions Nov. 26, 2023 Nov. 27, 2022 Nov. 26, 2023 Nov. 27, 2022 Windfall tax benefits from stock-based payments $ 0.5 $ 5.6 $ 8.9 $ 18.4
Net Cash Proceeds And Intrinsic Value Of Options Exercised	Six-Month Period Ended In Millions Nov. 26, 2023 Nov. 27, 2022 Net cash proceeds $ 5.7 $ 118.5 Intrinsic value of options exercised $ 2.3 $ 55.7
Schedule Of Estimated Fair Value Of Stock Options Granted And The Assumptions Used For The Black-Scholes Option-Pricing Model	Six-Month Period Ended Nov. 26, 2023 Nov. 27, 2022 Estimated fair values of stock options granted $ 17.47 $ 14.16 Assumptions: Risk-free interest rate 4.0 % 3.3 % Expected term 8.5 years 8.5 years Expected volatility 21.4 % 20.9 % Dividend yield 2.8 % 3.1 %
Schedule Of Grant Date Fair Value Of Restricted Stock Unit Awards Activity	Six-Month Period Ended In Millions Nov. 26, 2023 Nov. 27, 2022 Total grant date fair $ 87.4 $ 102.6

Earnings Per Share (Tables)

Earnings Per Share (Tables)	6 Months Ended
	Nov. 26, 2023
Earnings Per Share [Abstract]
Schedule Of Basic And Diluted EPS	Quarter Ended Six-Month Period Ended In Millions, Except per Share Data Nov. 26, 2023 Nov. 27, 2022 Nov. 26, 2023 Nov. 27, 2022 Net earnings attributable to General Mills $ 595.5 $ 605.9 $ 1,269.0 $ 1,425.9 Average number 580.1 595.9 583.2 598.0 Incremental share effect from: (a) Stock options 1.4 3.7 2.1 3.6 Restricted stock units and performance share units 1.9 2.4 2.1 2.4 Average number 583.4 602.0 587.4 604.0 Earnings per share – basic $ 1.03 $ 1.01 $ 2.18 $ 2.38 Earnings per share – diluted $ 1.02 $ 1.01 $ 2.16 $ 2.36 (a) method.
Stock Options And Restricted Units Not Dilutive	Quarter Ended Six-Month Period Ended In Millions Nov. 26, 2023 Nov. 27, 2022 Nov. 26, 2023 Nov. 27, 2022 Anti-dilutive stock options, restricted stock units, and 4.5 1.0 2.4 1.0

Share Repurchases (Tables)

Share Repurchases (Tables)	6 Months Ended
	Nov. 26, 2023
Share Repurchases [Abstract]
Share Repurchases	Quarter Ended Six-Month Period Ended In Millions Nov. 26, 2023 Nov. 27, 2022 Nov. 26, 2023 Nov. 27, 2022 Shares of common stock 12.4 5.2 18.8 12.1 Aggregate purchase price $ 808.8 $ 400.5 $ 1,313.5 $ 901.3

Statements Of Cash Flows (Table

Statements Of Cash Flows (Tables)	6 Months Ended
	Nov. 26, 2023
Statements Of Cash Flows [Abstract]
Consolidated Statements Of Cash Flows Supplemental Disclosures	Six-Month Period Ended In Millions Nov. 26, 2023 Nov. 27, 2022 Net cash interest payments $ 212.2 $ 154.3 Net income tax payments $ 207.0 $ 365.4

Retirement And Postemployment_2

Retirement And Postemployment Benefits (Tables)	6 Months Ended
	Nov. 26, 2023
Retirement And Postemployment Benefits [Abstract]
Components Of Net Periodic Benefit Expense (Income)	Defined Benefit Pension Plans Other Postretirement Benefit Plans Postemployment Benefit Plans Quarter Ended Quarter Ended Quarter Ended In Millions Nov. 26, 2023 Nov. 27, 2022 Nov. 26, 2023 Nov. 27, 2022 Nov. 26, 2023 Nov. 27, 2022 Service cost $ 14.4 $ 17.5 $ 1.2 $ 1.2 $ 1.9 $ 2.1 Interest cost 74.1 64.6 5.4 4.5 1.0 0.8 Expected return on plan assets (106.0) (105.0) (8.7) (7.8) - - Amortization of losses (gains) 21.5 28.4 (5.1) (4.8) (0.1) - Amortization of prior service costs (credits) 0.5 0.3 (5.5) (5.7) 0.2 0.1 Other adjustments - - - - 2.6 2.9 Curtailment gain (3.4) - - - - - Net expense (income) $ 1.1 $ 5.8 $ (12.7) $ (12.6) $ 5.6 $ 5.9 Defined Benefit Pension Plans Other Postretirement Benefit Plans Postemployment Benefit Plans Six-Month Period Ended Six-Month Period Ended Six-Month Period Ended In Millions Nov. 26, 2023 Nov. 27, 2022 Nov. 26, 2023 Nov. 27, 2022 Nov. 26, 2023 Nov. 27, 2022 Service cost $ 28.6 $ 35.1 $ 2.4 $ 2.6 $ 3.7 $ 4.2 Interest cost 148.3 129.2 10.7 9.0 2.0 1.6 Expected return on plan assets (208.9) (210.0) (17.4) (15.6) - - Amortization of losses (gains) 43.0 56.7 (10.2) (9.7) (0.1) 0.1 Amortization of prior service costs (credits) 0.9 0.7 (10.9) (11.5) 0.3 0.2 Other adjustments - - - - 5.2 5.9 Curtailment gain (3.4) - - - - - Net expense (income) $ 8.5 $ 11.7 $ (25.4) $ (25.2) $ 11.1 $ 12.0

Business Segment And Geograph_2

Business Segment And Geographic Information (Tables)	6 Months Ended
	Nov. 26, 2023
Business Segment And Geographic Information [Abstract]
Operating Segment Results	Quarter Ended Six-Month Period Ended In Millions Nov. 26, 2023 Nov. 27, 2022 Nov. 26, 2023 Nov. 27, 2022 Net sales: North America Retail $ 3,305.0 $ 3,373.1 $ 6,378.0 $ 6,361.9 International 683.1 671.7 1,398.9 1,324.2 Pet 569.3 592.9 1,149.2 1,172.8 North America Foodservice 582.0 583.0 1,118.0 1,079.4 Total $ 5,139.4 $ 5,220.7 $ 10,044.1 $ 9,938.3 Operating profit: North America Retail $ 859.9 $ 837.1 $ 1,658.1 $ 1,614.9 International 34.6 17.8 84.6 52.6 Pet 102.5 86.6 213.7 209.7 North America Foodservice 95.5 81.5 154.6 135.1 Total segment operating $ 1,092.5 $ 1,023.0 $ 2,111.0 $ 2,012.3 Unallocated corporate items 157.1 212.1 244.4 545.1 Divestitures gain, net - - - (430.9) Restructuring, impairment, and other exit costs 123.6 11.1 124.8 12.7 Operating profit $ 811.8 $ 799.8 $ 1,741.8 $ 1,885.4 Quarter Ended Six-Month Period Ended In Millions Nov. 26, 2023 Nov. 27, 2022 Nov. 26, 2023 Nov. 27, 2022 U.S. Meals & Baking Solutions $ 1,343.3 $ 1,321.7 $ 2,285.2 $ 2,270.9 U.S. Snacks 836.3 892.9 1,790.8 1,780.1 U.S. Morning Foods 856.9 908.5 1,784.7 1,812.5 Canada 268.5 250.0 517.3 498.4 Total $ 3,305.0 $ 3,373.1 $ 6,378.0 $ 6,361.9
Net Sales By Class Of Similar Products	Quarter Ended Six-Month Period Ended In Millions Nov. 26, 2023 Nov. 27, 2022 Nov. 26, 2023 Nov. 27, 2022 Snacks $ 1,037.3 $ 1,102.8 $ 2,174.0 $ 2,171.2 Cereal 776.9 810.9 1,594.8 1,625.6 Convenient meals 785.1 786.4 1,450.6 1,465.6 Dough 775.1 745.6 1,310.0 1,210.4 Pet 572.3 593.7 1,152.2 1,174.5 Baking mixes and ingredients 562.3 563.7 1,028.8 1,037.2 Yogurt 364.9 357.5 733.3 703.5 Super-premium ice cream 168.3 164.9 392.3 348.4 Other 97.2 95.2 208.1 201.9 Total $ 5,139.4 $ 5,220.7 $ 10,044.1 $ 9,938.3

Acquisition and Divestiture (Na

Acquisition and Divestiture (Narrative) (Details) - USD ($) $ in Millions	3 Months Ended			6 Months Ended
	Nov. 26, 2023	Nov. 27, 2022	Aug. 28, 2022	Nov. 26, 2023	Nov. 27, 2022	May 28, 2023
Business Acquisition [Line Items]
Pre-tax gain (loss) on sale of business	$ 0	$ 0		$ 0	$ 430.9
Goodwill	$ 14,441.8			$ 14,441.8		$ 14,511.2
TNT Crust [Member]
Business Acquisition [Line Items]
Business Acquisition, Consideration Transferred			$ 253
Goodwill			156.7
Helper main meals and Suddenly Salad side dishes businesses [Member]
Business Acquisition [Line Items]
Pre-tax gain (loss) on sale of business			442.2
Sale price of business			$ 606.8

Restructuring, Impairment, an_3

Restructuring, Impairment, and Other Exit Costs (Narrative) (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Nov. 26, 2023	Nov. 27, 2022	Nov. 26, 2023	Nov. 27, 2022
Restructuring and Related Cost [Line Items]
Restructuring charges (recoveries)	$ 131.9	$ 11.6	$ 141.7	$ 13.9
Goodwill impairment	117.1	0	117.1	0
Restructuring charges, cash			18.6	27.6
International [Member]
Restructuring and Related Cost [Line Items]
Goodwill impairment	117.1		117.1
Increase in estimated restructuring charges	11
Expected cash payments for restructuring	18		18
Expected restructuring charges	36		36
International [Member] | Accelerated depreciation [Member]
Restructuring and Related Cost [Line Items]
Increase in estimated restructuring charges	4
International [Member] | Severance [Member]
Restructuring and Related Cost [Line Items]
Expected restructuring charges	12		12
International [Member] | Other costs [Member]
Restructuring and Related Cost [Line Items]
Expected restructuring charges	24		24
International [Member] | Asset impairment [Member]
Restructuring and Related Cost [Line Items]
Increase in estimated restructuring charges	4
Commercial Strategy Action [Member]
Restructuring and Related Cost [Line Items]
Restructuring charges (recoveries)	5.1	0	5.1	0
Restructuring and Related Cost, Expected Cost	22		22
Restructuring charges, cash			4
Commercial Strategy Action [Member] | Accelerated depreciation [Member]
Restructuring and Related Cost [Line Items]
Restructuring and Related Cost, Expected Cost	16		16
Restructuring charges recognized			2.4
Commercial Strategy Action [Member] | Other costs, including severance [Member]
Restructuring and Related Cost [Line Items]
Restructuring and Related Cost, Expected Cost	6		6
Restructuring charges recognized			2.7
Charges associated with restructuring actions previously announced [Member]
Restructuring and Related Cost [Line Items]
Restructuring charges (recoveries)	$ 9.7	$ 11.6	$ 19.5	$ 13.9

Restructuring, Impairment, an_4

Restructuring, Impairment, and Other Exit Costs (Restructuring And Impairment Charges) (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Nov. 26, 2023	Nov. 27, 2022	Nov. 26, 2023	Nov. 27, 2022
Restructuring and Related Cost [Line Items]
Goodwill impairment	$ 117.1	$ 0	$ 117.1	$ 0
Restructuring charges (recoveries)	131.9	11.6	141.7	13.9
Commercial Strategy Action [Member]
Restructuring and Related Cost [Line Items]
Restructuring charges (recoveries)	5.1	0	5.1	0
Charges associated with restructuring actions previously announced [Member]
Restructuring and Related Cost [Line Items]
Restructuring charges (recoveries)	$ 9.7	$ 11.6	$ 19.5	$ 13.9

Restructuring, Impairment, an_5

Restructuring, Impairment, and Other Exit Costs (Restructuring, Impairment Charges And Project-Related Costs) (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Nov. 26, 2023	Nov. 27, 2022	Nov. 26, 2023	Nov. 27, 2022
Restructuring and Related Cost [Line Items]
Restructuring charges	$ 131.9	$ 11.6	$ 141.7	$ 13.9
Project-related costs classified in cost of sales	0.3	0	1.1	0
Restructuring, Impairment and Other Exit Costs [Member]
Restructuring and Related Cost [Line Items]
Restructuring charges	123.6	11.1	124.8	12.7
Cost of Sales [Member]
Restructuring and Related Cost [Line Items]
Restructuring charges	$ 8.3	$ 0.5	$ 16.9	$ 1.2

Restructuring, Impairment, an_6

Restructuring, Impairment, and Other Exit Costs (Rollforward Of Restructuring And Other Exit Cost Reserves) (Details) $ in Millions	6 Months Ended
	Nov. 26, 2023 USD ($)
Restructuring Reserve [Roll Forward]
Reserve beginning balance	$ 47.7
Fiscal 2024 charges, including foreign currency translation	1.7
Utilized in fiscal 2024	(16.3)
Reserve ending balance	$ 33.1

Goodwill and Other Intangible_3

Goodwill and Other Intangible Assets (Narrative) (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Nov. 26, 2023	Nov. 27, 2022	Nov. 26, 2023	Nov. 27, 2022
Goodwill and Intangible Assets [Line Items]
Future amortization expense, year one	$ 20		$ 20
Future amortization expense, year two	20		20
Future amortization expense, year three	20		20
Future amortization expense, year four	20		20
Future amortization expense, year five	20		20
Goodwill impairment	117.1	$ 0	117.1	$ 0
International [Member]
Goodwill and Intangible Assets [Line Items]
Goodwill impairment	$ 117.1		$ 117.1

Goodwill and Other Intangible_4

Goodwill and Other Intangible Assets (Components Of Goodwill And Other Intangible Assets) (Details) - USD ($) $ in Millions	Nov. 26, 2023	May 28, 2023
Goodwill And Other Intangible Assets [Abstract]
Goodwill	$ 14,441.8	$ 14,511.2
Intangible assets not subject to amortization:
Brands and other indefinite-lived intangibles	6,717.2	6,712.4
Intangible assets subject to amortization:
Customer relationships and other finite-lived intangibles	387	386.3
Less accumulated amortization	(140.9)	(131.1)
Intangible assets subject to amortization, net	246.1	255.2
Other intangible assets	6,963.3	6,967.6
Total	$ 21,405.1	$ 21,478.8

Goodwill and Other Intangible_5

Goodwill and Other Intangible Assets (Changes In Carrying Amount Of Goodwill) (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Nov. 26, 2023	Nov. 27, 2022	Nov. 26, 2023	Nov. 27, 2022
Goodwill [Line Items]
Beginning balance			$ 14,511.2
Acquisitions			26.9
Impairment charge	$ (117.1)	$ 0	(117.1)	$ 0
Other activity, primarily foreign currency translation			20.8
Ending balance	14,441.8		14,441.8
North America Retail Segment [Member]
Goodwill [Line Items]
Beginning balance			6,542.4
Acquisitions			0
Impairment charge			0
Other activity, primarily foreign currency translation			(0.2)
Ending balance	6,542.2		6,542.2
Pet [Member]
Goodwill [Line Items]
Beginning balance			6,062.8
Acquisitions			0
Impairment charge			0
Other activity, primarily foreign currency translation			0
Ending balance	6,062.8		6,062.8
North America Foodservice [Member]
Goodwill [Line Items]
Beginning balance			805.6
Acquisitions			0
Impairment charge			0
Other activity, primarily foreign currency translation			(0.1)
Ending balance	805.5		805.5
International [Member]
Goodwill [Line Items]
Beginning balance			708.4
Acquisitions			0
Impairment charge	(117.1)		(117.1)
Other activity, primarily foreign currency translation			13.3
Ending balance	604.6		604.6
Corporate and Joint Ventures [Member]
Goodwill [Line Items]
Beginning balance			392
Acquisitions			26.9
Impairment charge			0
Other activity, primarily foreign currency translation			7.8
Ending balance	$ 426.7		$ 426.7

Goodwill and Other Intangible_6

Goodwill and Other Intangible Assets (Changes In Carrying Amount Of Other Intangible Assets) (Details) $ in Millions	6 Months Ended
	Nov. 26, 2023 USD ($)
Indefinite Lived Intangible Assets By Major Class [Line Items]
Beginning balance - carrying value	$ 6,967.6
Amortization, net of foreign currency translation	(4.3)
Ending balance - carrying value	$ 6,963.3

Inventories (Schedule Of Compon

Inventories (Schedule Of Components Of Inventories) (Details) - USD ($) $ in Millions	Nov. 26, 2023	May 28, 2023
Inventories [Abstract]
Finished goods	$ 2,053.1	$ 2,066.9
Raw materials and packaging	528	572.2
Grain	138.5	133.8
Excess of FIFO over LIFO cost	(553.6)	(600.9)
Total	$ 2,166	$ 2,172

Risk Management Activities (Nar

Risk Management Activities (Narrative) (Details) € in Millions, $ in Millions	6 Months Ended
	Nov. 26, 2023 USD ($)	Nov. 26, 2023 EUR (€)	May 28, 2023 USD ($)
Derivative [Line Items]
Accounts payable to suppliers who utilize third party service	$ 1,388.2		$ 1,430.1
Euro Denominated Bonds Used For Hedging [Member]
Derivative [Line Items]
Derivative, Notional Amount | €		€ 2,960
Commodity Contracts [Member]
Derivative [Line Items]
Derivative, Notional Amount	$ 420.8
Average period of utilization	12 months
Agricultural Related Derivative [Member]
Derivative [Line Items]
Derivative, Notional Amount	$ 258.3
Energy Related Derivative [Member]
Derivative [Line Items]
Derivative, Notional Amount	$ 162.5

Risk Management Activities (Sch

Risk Management Activities (Schedule Of Unallocated Corporate items) (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Nov. 26, 2023	Nov. 27, 2022	Nov. 26, 2023	Nov. 27, 2022
Commodity Price Risk [Abstract]
Net loss on mark-to-market valuation of commodity positions	$ (38.2)	$ (20.9)	$ (9.8)	$ (93.2)
Net loss (gain) on commodity positions reclassified from unallocated corporate items to segment operating profit	14.6	(20.5)	17.8	(63.5)
Net mark-to-market revaluation of certain grain inventories	(1.5)	16.3	11.8	(43.1)
Net mark-to-market valuation of certain commodity positions recognized in unallocated corporate items	$ (25.1)	$ (25.1)	$ 19.8	$ (199.8)

Debt (Narrative) (Details)

Debt (Narrative) (Details) € in Millions, $ in Millions	3 Months Ended							6 Months Ended
	Nov. 26, 2023 USD ($)	Nov. 26, 2023 EUR (€)	Aug. 27, 2023 EUR (€)	May 28, 2023 USD ($)	May 28, 2023 EUR (€)	Nov. 27, 2022 USD ($)	Nov. 27, 2022 EUR (€)	Nov. 26, 2023 USD ($)	Nov. 27, 2022 USD ($)
Debt Instrument [Line Items]
Long-term debt, carrying value | $	$ 11,851.5							$ 11,851.5
Issuance of long-term debt | $								500	$ 500
Repayment of long-term debt | $								$ 400	$ 600
Committed Credit Facilities [Member]
Debt Instrument [Line Items]
Minimum fixed charge coverage ratio	2.5							2.5
Level 2 [Member]
Debt Instrument [Line Items]
Long-term debt, fair value | $	$ 10,920.3							$ 10,920.3
Floating-rate notes due November 8, 2024 [Member]
Debt Instrument [Line Items]
Issuance of long-term debt | €		€ 250	€ 500
Maturity date	Nov. 08, 2024	Nov. 08, 2024	Nov. 08, 2024
Floating-rate notes due July 27, 2023 [Member]
Debt Instrument [Line Items]
Repayment of long-term debt | €			€ 500
Maturity date			Jul. 27, 2023
Floating-rate notes due November 10, 2023 [Member]
Debt Instrument [Line Items]
Issuance of long-term debt | €					€ 250
Repayment of long-term debt | €		€ 250
Maturity date	Nov. 10, 2023	Nov. 10, 2023		Nov. 10, 2023	Nov. 10, 2023
Floating-rate notes due May 16, 2023 [Member]
Debt Instrument [Line Items]
Issuance of long-term debt | €							€ 250
Repayment of long-term debt | €					€ 250
Maturity date				May 16, 2023	May 16, 2023	May 16, 2023	May 16, 2023
3.907% Fixed-rate notes due April 13, 2029 [Member]
Debt Instrument [Line Items]
Issuance of long-term debt | €					€ 750
Fixed interest rate percentage				3.907%	3.907%
Maturity date				Apr. 13, 2029	Apr. 13, 2029
1.0% Fixed-rate notes due April 27, 2023 [Member]
Debt Instrument [Line Items]
Repayment of long-term debt | €					€ 500
Fixed interest rate percentage				1%	1%
Maturity date				Apr. 27, 2023	Apr. 27, 2023
4.95% Fixed-rate notes due March 29, 2033 [Member]
Debt Instrument [Line Items]
Issuance of long-term debt | $				$ 1,000
Fixed interest rate percentage				4.95%	4.95%
Maturity date				Mar. 29, 2033	Mar. 29, 2033
5.241% Fixed-rate notes due November 18, 2025 [Member]
Debt Instrument [Line Items]
Issuance of long-term debt | $						$ 500
Fixed interest rate percentage						5.241%	5.241%		5.241%
Maturity date						Nov. 18, 2025	Nov. 18, 2025
0.0% Fixed-rate notes due November 11, 2022 [Member]
Debt Instrument [Line Items]
Repayment of long-term debt | €							€ 250
Fixed interest rate percentage						0%	0%		0%
Maturity date						Nov. 11, 2022	Nov. 11, 2022
2.6% Fixed-rate notes due October 12, 2022 [Member]
Debt Instrument [Line Items]
Repayment of long-term debt | $						$ 500
Fixed interest rate percentage						2.60%	2.60%		2.60%
Maturity date						Oct. 12, 2022	Oct. 12, 2022
Long-Term Debt Agreements Containing Restrictive Covenants [Member]
Debt Instrument [Line Items]
Debt Instrument, Covenant Compliance								We were in compliance with all credit facility covenants as of November 26, 2023.
Certain Long Term Debt Agreements Containing Restrictive Covenants [Member]
Debt Instrument [Line Items]
Debt Instrument, Covenant Compliance								As of November 26, 2023, we were in compliance with all of these covenants.
5.5% Fixed-rate notes due October 17, 2028 [Member]
Debt Instrument [Line Items]
Issuance of long-term debt | $	$ 500
Fixed interest rate percentage	5.50%							5.50%
Maturity date	Oct. 17, 2028	Oct. 17, 2028
Floating-rate notes due October 17, 2023 [Member]
Debt Instrument [Line Items]
Repayment of long-term debt | $	$ 400
Maturity date	Oct. 17, 2023	Oct. 17, 2023

Debt (Schedule Of Components Of

Debt (Schedule Of Components Of Notes Payable) (Details) - USD ($) $ in Millions	Nov. 26, 2023	May 28, 2023
Short-term Debt [Line Items]
Notes payable	$ 799.2	$ 31.7
U.S. commercial paper [Member]
Short-term Debt [Line Items]
Notes payable	730.7	0
Financial Institutions [Member]
Short-term Debt [Line Items]
Notes payable	$ 68.5	$ 31.7

Debt (Schedule Of Fee-Paid Comm

Debt (Schedule Of Fee-Paid Committed and Uncommitted Credit Lines) (Details) $ in Billions	Nov. 26, 2023 USD ($)
Line of Credit Facility [Line Items]
Facility Amount	$ 3.3
Borrowed Amount	0.1
Line Of Credit Expiring April 2026 [Member]
Line of Credit Facility [Line Items]
Facility Amount	2.7
Borrowed Amount	0
Uncommitted Credit Facility [Member]
Line of Credit Facility [Line Items]
Facility Amount	0.6
Borrowed Amount	$ 0.1

Noncontrolling Interests (Narra

Noncontrolling Interests (Narrative) (Details) $ in Millions	6 Months Ended
	Nov. 26, 2023 USD ($)
Noncontrolling Interest [Line Items]
Noncontrolling interests covenant compliance	Our noncontrolling interests contain restrictive covenants. As of November 26, 2023, we were in compliance with all of these covenants.
Third Party Interest Holder [Member] | General Mills Cereals LLC [Member]
Noncontrolling Interest [Line Items]
Noncontrolling Interest Holders Capital Account, General Mills Cereals, LLC	$ 251.5
Preferred distributions variable rate	three-month Term SOFR
Preferred distributions, basis spread on variable rate	1.86%
Preferred return rate adjustment period	3 years

Stockholders' Equity (Schedule

Stockholders' Equity (Schedule Of Total Comprehensive Income (Loss) (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Nov. 26, 2023	Nov. 27, 2022	Nov. 26, 2023	Nov. 27, 2022
Reclassification to earnings:
Foreign currency translation	$ 0	$ 0	$ 0	$ (7.4)
Other comprehensive loss, net of tax:
Foreign currency translation	(22.3)	(115)	(40.4)	(111.2)
Other fair value changes:
Hedge derivatives	1.9	20.8	(0.4)	(17.5)
Reclassification to earnings:
Hedge derivatives	(2.4)	1	(2.2)	(0.4)
Amortization of losses and prior service costs	9.2	14.2	18.3	28.3
Other comprehensive income (loss), net of tax	(13.6)	(79)	(24.7)	(108.2)
Comprehensive Income:
Net earnings, including earnings attributable to noncontrolling interests	595.5	605.9	1,269	1,425.9
Net earnings attributable to noncontrolling interests	6.8	2.4	13.6	5.7
Total comprehensive income attributable to General Mills	581.6	526.3	1,243.9	1,318.4
General Mills [Member]
Other comprehensive income (loss), before tax:
Foreign currency translation	(32.4)	(144.7)	(54.4)	(86.7)
Other fair value changes:
Hedge derivatives	2.5	26.8	(0.2)	(23)
Reclassification to earnings:
Foreign currency translation			0	(7.4)
Hedge derivatives	(3.4)	1.8	(4.7)	(0.1)
Amortization of losses and prior service costs	11.5	18.3	23	36.5
Other comprehensive income (loss), before tax	(21.8)	(97.8)	(36.3)	(80.7)
Other comprehensive income (loss), tax:
Foreign currency translation	9.8	29.1	13.6	(23.8)
Other fair value changes:
Hedge derivatives	(0.6)	(6)	(0.2)	5.5
Reclassification to earnings:
Foreign currency translation			0	0
Hedge derivatives	1	(0.8)	2.5	(0.3)
Amortization of losses and prior service costs	(2.3)	(4.1)	(4.7)	(8.2)
Other comprehensive income (loss), tax	7.9	18.2	11.2	(26.8)
Other comprehensive loss, net of tax:
Foreign currency translation	(22.6)	(115.6)	(40.8)	(110.5)
Other fair value changes:
Hedge derivatives	1.9	20.8	(0.4)	(17.5)
Reclassification to earnings:
Foreign currency translation			0	(7.4)
Hedge derivatives	(2.4)	1	(2.2)	(0.4)
Amortization of losses and prior service costs	9.2	14.2	18.3	28.3
Other comprehensive income (loss), net of tax	(13.9)	(79.6)	(25.1)	(107.5)
Comprehensive Income:
Net earnings, including earnings attributable to noncontrolling interests	595.5	605.9	1,269	1,425.9
Total comprehensive income attributable to General Mills	581.6	526.3	1,243.9	1,318.4
Noncontrolling Interests [Member]
Other comprehensive loss, net of tax:
Foreign currency translation	0.3	0.6	0.4	(0.7)
Other fair value changes:
Hedge derivatives	0	0	0	0
Reclassification to earnings:
Foreign currency translation			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	0.3	0.6	0.4	(0.7)
Comprehensive Income:
Net earnings attributable to noncontrolling interests	6.8	2.4	13.6	5.7
Total comprehensive income attributable to noncontrolling interests	$ 7.1	$ 3	$ 14	$ 5

Stockholders' Equity (Schedul_2

Stockholders' Equity (Schedule Of Accumulated Other Comprehensive Income (Loss) (Details) - USD ($) $ in Millions	Nov. 26, 2023	May 28, 2023
Accumulated Other Comprehensive Income (Loss), Net of Tax:
Foreign currency translation adjustments	$ (749.4)	$ (708.6)
Unrealized gain from:
Hedge derivatives	3.3	5.9
Pension, other postretirement, and postemployment benefits:
Net actuarial loss	(1,642.8)	(1,670.6)
Prior service credits	86.9	96.4
Accumulated other comprehensive loss	$ (2,302)	$ (2,276.9)

Stock Plans (Narrative) (Detail

Stock Plans (Narrative) (Details) $ in Millions	6 Months Ended
	Nov. 26, 2023 USD ($)
Share-based Compensation, Allocation and Classification in Financial Statements [Abstract]
Unrecognized compensation expense related to non-vested stock options, restricted stock units, and performance share units	$ 149.8
Unrecognized compensation expense on non-vested awards, weighted average period of recognition	23 months
Share Based Compensation Arrangement By Share Based Payment Award Options Additional Disclosures [Abstract]
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 28, 2023.

Stock Plans (Schedule Of Compen

Stock Plans (Schedule Of Compensation Expense Related To Stock-Based Payments) (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Nov. 26, 2023	Nov. 27, 2022	Nov. 26, 2023	Nov. 27, 2022
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Windfall tax benefits from stock-based payments	$ 0.5	$ 5.6	$ 8.9	$ 18.4
Compensation expense related to stock-based payments	$ 23.1	$ 24.1	$ 58.5	$ 57.6

Stock Plans (Net Cash Proceeds

Stock Plans (Net Cash Proceeds And Intrinsic Value Of Options Exercised) (Details) - USD ($) $ in Millions	6 Months Ended
	Nov. 26, 2023	Nov. 27, 2022
Stock Plans [Abstract]
Net cash proceeds	$ 5.7	$ 118.5
Intrinsic value of options exercised	$ 2.3	$ 55.7

Stock Plans (Schedule Of Estima

Stock Plans (Schedule Of Estimated Fair Value Of Stock Options Granted And The Assumptions Used For The Black-Scholes Option-Pricing Model) (Details) - $ / shares	6 Months Ended
	Nov. 26, 2023	Nov. 27, 2022
Stock Plans [Abstract]
Estimated fair values of stock options granted	$ 17.47	$ 14.16
Assumptions:
Risk-free interest rate	4%	3.30%
Expected term	8 years 6 months	8 years 6 months
Expected volatility	21.40%	20.90%
Dividend yield	2.80%	3.10%

Stock Plans (Schedule Of Grant

Stock Plans (Schedule Of Grant Date Fair Value Of Restricted Stock Unit Awards Activity) (Details) - USD ($) $ in Millions	6 Months Ended
	Nov. 26, 2023	Nov. 27, 2022
Stock Plans [Abstract]
Total grant date fair value	$ 87.4	$ 102.6

Earnings Per Share (Schedule Of

Earnings Per Share (Schedule Of Basic And Diluted EPS And Stock Options And Restricted Units Not Dilutive) (Details) - USD ($) $ / shares in Units, shares in Millions, $ in Millions	3 Months Ended		6 Months Ended
	Nov. 26, 2023	Nov. 27, 2022	Nov. 26, 2023	Nov. 27, 2022
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Net earnings attributable to General Mills	$ 595.5	$ 605.9	$ 1,269	$ 1,425.9
Average number of common shares - basic EPS	580.1	595.9	583.2	598
Average number of common shares - diluted EPS	583.4	602	587.4	604
Earnings per share - basic	$ 1.03	$ 1.01	$ 2.18	$ 2.38
Earnings per share - diluted	$ 1.02	$ 1.01	$ 2.16	$ 2.36
Other Disclosures [Abstract]
Anti-dilutive stock options, restricted stock units, and performance share units	4.5	1	2.4	1
Stock options [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Incremental share effect	1.4	3.7	2.1	3.6
Restricted stock units and performance share units [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Incremental share effect	1.9	2.4	2.1	2.4

Share Repurchases (Share Repurc

Share Repurchases (Share Repurchases) (Details) - USD ($) shares in Millions, $ in Millions	3 Months Ended		6 Months Ended
	Nov. 26, 2023	Nov. 27, 2022	Nov. 26, 2023	Nov. 27, 2022
Share Repurchases [Abstract]
Shares of common stock	12.4	5.2	18.8	12.1
Aggregate purchase price	$ 808.8	$ 400.5	$ 1,313.5	$ 901.3

Statements of Cash Flows (Conso

Statements of Cash Flows (Consolidated Statements of Cash Flows) (Details) - USD ($) $ in Millions	6 Months Ended
	Nov. 26, 2023	Nov. 27, 2022
Statements Of Cash Flows [Abstract]
Net cash interest payments	$ 212.2	$ 154.3
Net income tax payments	$ 207	$ 365.4

Retirement And Postemployment_3

Retirement And Postemployment Benefits (Components Of Net Periodic Benefit Expense(Income)) (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Nov. 26, 2023	Nov. 27, 2022	Nov. 26, 2023	Nov. 27, 2022
Defined Benefit Pension Plans [Member]
Components of Net Periodic Benefit Cost [Abstract]
Service cost	$ 14.4	$ 17.5	$ 28.6	$ 35.1
Interest cost	74.1	64.6	148.3	129.2
Expected return on plan assets	(106)	(105)	(208.9)	(210)
Amortization of losses (gains)	21.5	28.4	43	56.7
Amortization of prior service costs (credits)	0.5	0.3	0.9	0.7
Other adjustments	0	0	0	0
Settlement or curtailment (gains) losses	(3.4)	0	(3.4)	0
Net expense (income)	1.1	5.8	8.5	11.7
Other Postretirement Benefit Plans [Member]
Components of Net Periodic Benefit Cost [Abstract]
Service cost	1.2	1.2	2.4	2.6
Interest cost	5.4	4.5	10.7	9
Expected return on plan assets	(8.7)	(7.8)	(17.4)	(15.6)
Amortization of losses (gains)	(5.1)	(4.8)	(10.2)	(9.7)
Amortization of prior service costs (credits)	(5.5)	(5.7)	(10.9)	(11.5)
Other adjustments	0	0	0	0
Settlement or curtailment (gains) losses	0	0	0	0
Net expense (income)	(12.7)	(12.6)	(25.4)	(25.2)
Postemployment Benefit Plans [Member]
Components of Net Periodic Benefit Cost [Abstract]
Service cost	1.9	2.1	3.7	4.2
Interest cost	1	0.8	2	1.6
Expected return on plan assets	0	0	0	0
Amortization of losses (gains)	(0.1)	0	(0.1)	0.1
Amortization of prior service costs (credits)	0.2	0.1	0.3	0.2
Other adjustments	2.6	2.9	5.2	5.9
Settlement or curtailment (gains) losses	0	0	0	0
Net expense (income)	$ 5.6	$ 5.9	$ 11.1	$ 12

Business Segment And Geograph_3

Business Segment And Geographic Information (Operating Segment Results) (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Nov. 26, 2023	Nov. 27, 2022	Nov. 26, 2023	Nov. 27, 2022
Segment Reporting Information [Line Items]
Net sales	$ 5,139.4	$ 5,220.7	$ 10,044.1	$ 9,938.3
Divestitures gain, net	0	0	0	(430.9)
Restructuring, impairment, and other exit costs	123.6	11.1	124.8	12.7
Operating profit	811.8	799.8	1,741.8	1,885.4
Operating Segments [Member]
Segment Reporting Information [Line Items]
Net sales	5,139.4	5,220.7	10,044.1	9,938.3
Operating profit	1,092.5	1,023	2,111	2,012.3
Unallocated Corporate Items [Member]
Segment Reporting Information [Line Items]
Operating profit	157.1	212.1	244.4	545.1
North America Retail [Member] | Operating Segments [Member]
Segment Reporting Information [Line Items]
Net sales	3,305	3,373.1	6,378	6,361.9
Operating profit	859.9	837.1	1,658.1	1,614.9
U.S. Meals & Baking Solutions [Member] | Operating Segments [Member]
Segment Reporting Information [Line Items]
Net sales	1,343.3	1,321.7	2,285.2	2,270.9
U.S. Snacks [Member] | Operating Segments [Member]
Segment Reporting Information [Line Items]
Net sales	836.3	892.9	1,790.8	1,780.1
U.S. Morning Foods [Member] | Operating Segments [Member]
Segment Reporting Information [Line Items]
Net sales	856.9	908.5	1,784.7	1,812.5
Canada [Member] | Operating Segments [Member]
Segment Reporting Information [Line Items]
Net sales	268.5	250	517.3	498.4
International [Member] | Operating Segments [Member]
Segment Reporting Information [Line Items]
Net sales	683.1	671.7	1,398.9	1,324.2
Operating profit	34.6	17.8	84.6	52.6
Pet [Member] | Operating Segments [Member]
Segment Reporting Information [Line Items]
Net sales	569.3	592.9	1,149.2	1,172.8
Operating profit	102.5	86.6	213.7	209.7
North America Foodservice [Member] | Operating Segments [Member]
Segment Reporting Information [Line Items]
Net sales	582	583	1,118	1,079.4
Operating profit	$ 95.5	$ 81.5	$ 154.6	$ 135.1

Business Segment And Geograph_4

Business Segment And Geographic Information (Net Sales By Class Of Similar Products) (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Nov. 26, 2023	Nov. 27, 2022	Nov. 26, 2023	Nov. 27, 2022
Product Information [Line Items]
Net sales	$ 5,139.4	$ 5,220.7	$ 10,044.1	$ 9,938.3
Snacks [Member]
Product Information [Line Items]
Net sales	1,037.3	1,102.8	2,174	2,171.2
Cereal [Member]
Product Information [Line Items]
Net sales	776.9	810.9	1,594.8	1,625.6
Convenient meals [Member]
Product Information [Line Items]
Net sales	785.1	786.4	1,450.6	1,465.6
Dough [Member]
Product Information [Line Items]
Net sales	775.1	745.6	1,310	1,210.4
Pet [Member]
Product Information [Line Items]
Net sales	572.3	593.7	1,152.2	1,174.5
Baking mixes and ingredients [Member]
Product Information [Line Items]
Net sales	562.3	563.7	1,028.8	1,037.2
Yogurt [Member]
Product Information [Line Items]
Net sales	364.9	357.5	733.3	703.5
Super-premium ice cream [Member]
Product Information [Line Items]
Net sales	168.3	164.9	392.3	348.4
Other [Member]
Product Information [Line Items]
Net sales	$ 97.2	$ 95.2	$ 208.1	$ 201.9

Insider Trading Arrangements

Insider Trading Arrangements	3 Months Ended
	Nov. 26, 2023
Insider Trading Arrangements [Line Items]
Rule 10b5-1 Arrangement Adopted	false
Rule 10b5-1 Arrangement Terminated	false
Non-Rule 10b5-1 Arrangement Adopted	false
Non-Rule 10b5-1 Arrangement Terminated	false