General Mills (GIS) 10-Q 18 Sep 24 2025 Q1 Quarterly report Financial data

Cover Page

Cover Page - shares	3 Months Ended
	Aug. 25, 2024	Sep. 11, 2024	May 26, 2024
Cover [Abstract]
Document Type	10-Q
Document Quarterly Report	true
Amendment Flag	false
Entity Central Index Key	0000040704
Document Period End Date	Aug. 25, 2024
Document Transition Report	false
Document Fiscal Period Focus	Q1
Document Fiscal Year Focus	2025
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		555,158,898
Shares held in the treasury	198,800,000	199,454,430	195,500,000
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
3.650% Notes due 2030 [Member]
Entity Listings [Line Items]
Security 12b Title	3.650% Notes due 2030
Trading Symbol	GIS 30A
Security Exchange Name	NYSE
3.850% Notes due 2034 [Member]
Entity Listings [Line Items]
Security 12b Title	3.850% Notes due 2034
Trading Symbol	GIS 34
Security Exchange Name	NYSE

Consolidated Statements of Earn

Consolidated Statements of Earnings - USD ($) $ in Millions	3 Months Ended
	Aug. 25, 2024	Aug. 27, 2023
Consolidated Statements of Earnings [Abstract]
Net sales	$ 4,848.1	$ 4,904.7
Cost of sales	3,159.3	3,134.2
Selling, general, and administrative expenses	855.1	839.3
Restructuring, impairment, and other exit costs	2.2	1.2
Operating profit	831.5	930
Benefit plan non-service income	(13.9)	(17)
Interest, net	123.6	117
Earnings before income taxes and after-tax earnings from joint ventures	721.8	830
Income taxes	157.4	173.2
After-tax earnings from joint ventures	19.2	23.5
Net earnings, including earnings attributable to noncontrolling interests	583.6	680.3
Net earnings attributable to noncontrolling interests	3.7	6.8
Net earnings attributable to General Mills	$ 579.9	$ 673.5
Earnings per share - basic	$ 1.03	$ 1.15
Earnings per share - diluted	$ 1.03	$ 1.14

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income - USD ($) $ in Millions	3 Months Ended
	Aug. 25, 2024	Aug. 27, 2023
Consolidated Statements of Comprehensive Income [Abstract]
Net earnings, including earnings attributable to noncontrolling interests	$ 583.6	$ 680.3
Other comprehensive (loss) income, net of tax:
Foreign currency translation	(61.9)	(18.1)
Other fair value changes:
Hedge derivatives	(6)	(2.3)
Reclassification to earnings:
Hedge derivatives	0	0.2
Amortization of losses and prior service costs	11.6	9.1
Other comprehensive loss, net of tax	(56.3)	(11.1)
Total comprehensive income	527.3	669.2
Comprehensive income attributable to noncontrolling interests	4.2	6.9
Comprehensive income attributable to General Mills	$ 523.1	$ 662.3

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Millions	Aug. 25, 2024	May 26, 2024
Current assets:
Cash and cash equivalents	$ 468.1	$ 418
Receivables	1,843.8	1,696.2
Inventories	1,996.4	1,898.2
Prepaid expenses and other current assets	505.3	568.5
Total current assets	4,813.6	4,580.9
Land, buildings, and equipment	3,776.3	3,863.9
Goodwill	14,787.7	14,750.7
Other intangible assets	6,982.8	6,979.9
Other assets	1,408.8	1,294.5
Total assets	31,769.2	31,469.9
Current liabilities:
Accounts payable	3,823.4	3,987.8
Current portion of long-term debt	1,640	1,614.1
Notes payable	249.1	11.8
Other current liabilities	1,576.9	1,419.4
Total current liabilities	7,289.4	7,033.1
Long-term debt	11,431.3	11,304.2
Deferred income taxes	2,195.3	2,200.6
Other liabilities	1,326.6	1,283.5
Total liabilities	22,242.6	21,821.4
Stockholders' equity:
Common stock, 754.6 shares issued, $0.10 par value	75.5	75.5
Additional paid-in capital	1,164.6	1,227
Retained earnings	21,213.9	20,971.8
Common stock in treasury, at cost, shares of 198.8 and 195.5	(10,601.9)	(10,357.9)
Accumulated other comprehensive loss	(2,576.5)	(2,519.7)
Total stockholders' equity	9,275.6	9,396.7
Noncontrolling interests	251	251.8
Total equity	9,526.6	9,648.5
Total liabilities and equity	$ 31,769.2	$ 31,469.9

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - $ / shares	Sep. 11, 2024	Aug. 25, 2024	May 26, 2024	Aug. 27, 2023
Stockholders' equity:
Common stock, shares issued		754,600,000	754,600,000
Common stock, par value per share		$ 0.10	$ 0.10	$ 0.10
Shares held in the treasury	199,454,430	198,800,000	195,500,000

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. 28, 2023						(168)
Stockholders' Equity, Number of Shares
Shares purchased, including excise tax of $2.2 and $4.2 million, shares	(6.4)					(6.4)
Stock compensation plans						1
Ending Balance, Treasury Stock, Shares at Aug. 27, 2023						(173.4)
Ending Balance, Common Stock, Shares, Issued at Aug. 27, 2023			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, including excise tax of $2.2 and $4.2 million, value	(504.7)					(504.7)
Stock compensation plans				7.3		40.4
Unearned compensation related to stock unit awards				(79.4)
Earned compensation				35.4
Comprehensive income							(11.2)	6.9
Net earnings attributable to General Mills	673.5	$ 673.5			673.5
Distributions to noncontrolling interest holders								(4.3)
Cash dividends declared ($0.60 and $0.59 per share)					(348.5)
Ending Balance, equity at Aug. 27, 2023	$ 10,515.4		$ 75.5	1,185.7	20,163.6	$ (8,874.3)	(2,288.1)	253
Beginning Balance, Common Stock, Shares, Issued at May. 26, 2024	754.6
Beginning Balance, Treasury Stock, Shares at May. 26, 2024	(195.5)					(195.5)
Stockholders' Equity, Number of Shares
Shares purchased, including excise tax of $2.2 and $4.2 million, shares	(4.5)					(4.5)
Stock compensation plans						1.2
Ending Balance, Treasury Stock, Shares at Aug. 25, 2024	(198.8)					(198.8)
Ending Balance, Common Stock, Shares, Issued at Aug. 25, 2024	754.6		754.6
Beginning Balance, equity at May. 26, 2024	$ 9,648.5			1,227	20,971.8	$ (10,357.9)	(2,519.7)	251.8
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest [Abstract]
Shares purchased, including excise tax of $2.2 and $4.2 million, value	(302.2)					(302.2)
Stock compensation plans				(5.2)		58.2
Unearned compensation related to stock unit awards				(77.1)
Earned compensation				19.9
Comprehensive income							(56.8)	4.2
Net earnings attributable to General Mills	579.9	$ 579.9			579.9
Distributions to noncontrolling interest holders								(5)
Cash dividends declared ($0.60 and $0.59 per share)					(337.8)
Ending Balance, equity at Aug. 25, 2024	$ 9,526.6		$ 75.5	$ 1,164.6	$ 21,213.9	$ (10,601.9)	$ (2,576.5)	$ 251

Consolidated Statements of To_2

Consolidated Statements of Total Equity (Parenthetical) - USD ($) $ in Millions	3 Months Ended
	Aug. 25, 2024	Aug. 27, 2023
Consolidated Statements of Total Equity [Abstract]
Common stock, par value per share	$ 0.10	$ 0.10
Common stock, shares authorized	1,000,000,000	1,000,000,000
Shares purchased, excise tax	$ 2.2	$ 4.2
Cash dividends declared per share	$ 0.60	$ 0.59

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($) $ in Millions	3 Months Ended
	Aug. 25, 2024	Aug. 27, 2023
Cash Flows - Operating Activities
Net earnings, including earnings attributable to noncontrolling interests	$ 583.6	$ 680.3
Adjustments to reconcile net earnings to net cash provided by operating activities:
Depreciation and amortization	139.6	137.2
After-tax earnings from joint ventures	(19.2)	(23.5)
Distributions of earnings from joint ventures	23.1	15.8
Stock-based compensation	20.3	35.3
Deferred income taxes	16.2	(14.5)
Pension and other postretirement benefit plan contributions	(7.5)	(7.4)
Pension and other postretirement benefit plan costs	(3.2)	(5.3)
Restructuring, impairment, and other exit costs	0.2	2.4
Changes in current assets and liabilities, excluding the effects of acquisitions and divestitures	(107.6)	(457.4)
Other, net	(21.3)	15.2
Net cash provided by operating activities	624.2	378.1
Cash Flows - Investing Activities
Purchases of land, buildings, and equipment	(140.3)	(141.7)
Acquisition, net of cash acquired	(7.7)	0
Proceeds from disposal of land, buildings, and equipment	0.6	0
Other, net	(0.6)	6.2
Net cash used by investing activities	(148)	(135.5)
Cash Flows - Financing Activities
Change in notes payable	238	551.8
Proceeds from common stock issued on exercised options	9.4	4.5
Purchases of common stock for treasury	(300)	(500.5)
Dividends paid	(337.8)	(348.5)
Distributions to noncontrolling interest holders	(5)	(4.3)
Other, net	(34)	(37.2)
Net cash used by financing activities	(429.4)	(334.2)
Effect of exchange rate changes on cash and cash equivalents	3.3	(3)
Increase (decrease) in cash and cash equivalents	50.1	(94.6)
Cash and cash equivalents - beginning of year	418	585.5
Cash and cash equivalents - end of period	468.1	490.9
Cash flow from changes in current assets and liabilities, excluding the effects of acquisitions and divestitures:
Receivables	(145.6)	(104.4)
Inventories	(95.7)	(54.3)
Prepaid expenses and other current assets	59.7	140.9
Accounts payable	(76.4)	(443.8)
Other current liabilities	150.4	4.2
Changes in current assets and liabilities	$ (107.6)	$ (457.4)

Background

Background	3 Months Ended
	Aug. 25, 2024
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 Certain terms used throughout this report are defined in the “Glossary” section below.

Acquisition And Divestiture

Acquisition And Divestiture	3 Months Ended
	Aug. 25, 2024
Acquisition And Divestiture [Abstract]
Acquisition And Divestiture	(2) Acquisition and Divestiture During the fourth quarter 434.1 acquired. 7.7 conditions We financed Sheets 317.7 118.4 customer 14.2 purposes. The pro forma effects the acquired new revised International operating segment on a one-month lag beginning in fiscal 2025. On North approximately 2.1 customary closing conditions.

Restructuring, Impairment, And

Restructuring, Impairment, And Other Exit Costs	3 Months Ended
	Aug. 25, 2024
Restructuring, Impairment, And Other Exit Costs [Abstract]
Restructuring, Impairment, And Other Exit Costs	(3) Restructuring, Impairment, and Other Exit Costs In 2.9 charges 9.8 restructuring actions previously announced. We 2.7 7.4 the same period of fiscal 2024. Restructuring and impairment charges and project-related Quarter Ended In Millions Aug. 25, 2024 Aug. 27, 2023 Restructuring, impairment, and other exit costs $ 2.2 $ 1.2 Cost of sales 0.7 8.6 Total restructuring $ 2.9 $ 9.8 Project-related costs classified in cost of sales $ 0.1 $ 0.8

Goodwill And Other Intangible A

Goodwill And Other Intangible Assets	3 Months Ended
	Aug. 25, 2024
Goodwill And Other Intangible Assets [Abstract]
Goodwill And Other Intangible Assets	In Millions Aug. 25, 2024 May 26, 2024 Goodwill $ 14,787.7 $ 14,750.7 Other intangible assets: Intangible assets not subject to amortization: Brands and other indefinite-lived intangibles 6,735.9 6,728.6 Intangible assets subject to amortization: Customer relationships and other finite-lived intangibles 402.9 402.2 Less accumulated amortization (156.0) (150.9) Intangible assets subject to amortization, net 246.9 251.3 Other intangible assets 6,982.8 6,979.9 Total $ 21,770.5 $ 21,730.6 In Millions North America Retail North America Pet North America Foodservice International (a) Corporate and Joint Ventures Total Balance as of May 26, 2024 $ 6,541.9 $ 6,062.8 $ 805.5 $ 917.1 $ 423.4 $ 14,750.7 Other activity, primarily 1.4 - - 23.0 12.6 37.0 Balance as of Aug. 25, 2024 $ 6,543.3 $ 6,062.8 $ 805.5 $ 940.1 $ 436.0 $ 14,787.7 In Millions Total Balance as of May 26, 2024 $ 6,979.9 Foreign currency translation, net of amortization 2.9 Balance as of Aug. 25, 2024 $ 6,982.8 (4) Goodwill and Other Intangible Assets The components of goodwill and other intangible assets are as follows: Based on five fiscal years is estimated to be approximately $ 20 The changes in the carrying amount of goodwill during the first quarter of fiscal 2025 The changes in the carrying amount of other intangible assets during the first quarter Our fiscal 2024. As a of the 117.1 during the which resulted in Top , True Chews , and EPIC brand intangible assets. 26, 2024, assets, resulting in $ 103.1 other exit cash flow model cost of capital rates, and tax rates. These fair values are Level 3 assets in the fair value hierarchy. All other intangible Uncle Toby’s asset. In Progresso , Nudges , and True brand intangible assets had risk of decreasing coverage. We The carrying amounts of goodwill within the International segment as of accumulated impairment losses of $ 117.1

Inventories

Inventories	3 Months Ended
	Aug. 25, 2024
Inventories [Abstract]
Inventories	(5) Inventories The components of inventories were as follows: In Millions Aug. 25, 2024 May 26, 2024 Finished goods $ 1,975.1 $ 1,827.7 Raw materials and packaging 488.4 500.5 Grain 79.3 111.1 Excess of FIFO over LIFO cost (546.4) (541.1) Total $ 1,996.4 $ 1,898.2

Risk Management Activities

Risk Management Activities	3 Months Ended
	Aug. 25, 2024
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 ended August 25, 2024, and Quarter Ended In Millions Aug. 25, 2024 Aug. 27, 2023 Net (loss) gain on mark-to-market valuation of certain $ (37.7) $ 28.4 Net loss on commodity positions reclassified from 17.2 3.2 Net mark-to-market revaluation of certain grain inventories (8.3) 13.3 Net mark-to-market valuation of certain commodity $ (28.8) $ 44.9 As 233.4 118.6 agricultural inputs and $ 114.8 next 12 We these investments with € 3,979.4 The material as of change our valuation techniques from prior periods. We services also We financial institutions the third agreements. As 1,421.6 party services. 1,404.4 party services.

Debt

Debt	3 Months Ended
	Aug. 25, 2024
Debt [Abstract]
Debt	(7) Debt The components of notes payable were as follows: 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 0.7 - Total committed $ 3.4 $ - The 2.5 We were in compliance with all credit facility covenants as of August 25, 2024. Long-Term The fair values 12,653.5 13,071.3 respectively, flows based fair value hierarchy. In the 500.0 3.65 October 23, 2030 . We proceeds for general corporate purposes. In 500.0 3.85 April 23, 2034 . proceeds for general corporate purposes. In 500.0 4.7 January 30, 2027 . We proceeds to repay $ 500.0 3.65 February 15, 2024 . 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 . Certain As of August 25, 2024, we were in compliance with all of these covenants. Aug. 25, 2024 May 26, 2024 In Millions Notes Payable Weighted- Average Interest Rate Notes Payable Weighted- Average Interest Rate U.S. commercial paper $ 205.0 5.4 % $ - - % Financial institutions 44.1 7.7 11.8 8.8 Total $ 249.1 5.8 % $ 11.8 8.8 %

Noncontrolling Interests

Noncontrolling Interests	3 Months Ended
	Aug. 25, 2024
Noncontrolling Interests [Abstract]
Noncontrolling Interests	(8) Noncontrolling Interests The available net the 251.5 Class A Interests was reset to the sum of the three-month Term SOFR 261 three years Our noncontrolling interests contain restrictive covenants. As of August 25, 2024, we were in compliance with all of these covenants.

Stockholders' Equity

Stockholders' Equity	3 Months Ended
	Aug. 25, 2024
Stockholders' Equity [Abstract]
Stockholders' Equity	Quarter Ended Quarter Ended Aug. 25, 2024 Aug. 27, 2023 General Mills Noncontrolling Interests General Mills Noncontrolling Interests In Millions Pretax Tax Net Net Pretax Tax Net Net Net earnings, including earnings $ 579.9 $ 3.7 $ 673.5 $ 6.8 Other comprehensive (loss) income: Foreign currency translation $ (93.9) $ 31.5 (62.4) 0.5 $ (22.0) $ 3.8 (18.2) 0.1 Other fair value changes: Hedge derivatives (7.5) 1.5 (6.0) - (2.7) 0.4 (2.3) - Reclassification to earnings: Hedge derivatives (a) (0.4) 0.4 - - (1.3) 1.5 0.2 - Amortization of losses and 14.5 (2.9) 11.6 - 11.5 (2.4) 9.1 - Other comprehensive (loss) income $ (87.3) $ 30.5 (56.8) 0.5 $ (14.5) $ 3.3 (11.2) 0.1 Total comprehensive income $ 523.1 $ 4.2 $ 662.3 $ 6.9 In Millions Aug. 25, 2024 May 26, 2024 Foreign currency translation adjustments $ (857.7) $ (795.3) Unrealized (loss) gain from hedge derivatives (5.8) 0.2 Pension, other postretirement, and postemployment benefits: Net actuarial loss (1,790.8) (1,806.3) Prior service credits 77.8 81.7 Accumulated other comprehensive loss $ (2,576.5) $ (2,519.7) (9) Stockholders’ Equity The following tables provide details of total comprehensive income: (a) (b) Accumulated other comprehensive loss balances, net of tax effects,

Stock Plans

Stock Plans	3 Months Ended
	Aug. 25, 2024
Stock Plans [Abstract]
Stock Plans	(10) Stock Plans We units, and performance described in Note May 26, 2024. Compensation expense related to stock-based payments recognized Quarter Ended In Millions Aug. 25, 2024 Aug. 27, 2023 Compensation expense related to stock-based payments $ 20.3 $ 35.3 Windfall tax benefits from stock-based payments Quarter Ended In Millions Aug. 25, 2024 Aug. 27, 2023 Windfall tax benefits from stock-based payments $ 2.8 $ 8.4 As performance share units was $ 185.9 26 Net cash proceeds from the exercise of stock options were as follows: Quarter Ended In Millions Aug. 25, 2024 Aug. 27, 2023 Net cash proceeds $ 9.4 $ 4.5 Intrinsic value of options exercised $ 1.9 $ 2.1 We estimate the fair value of each option on the grant date using a Black-Scholes option-pricing model, which requires us to make predictive assumptions regarding future stock price volatility, employee exercise behavior, dividend yield, and the forfeiture rate. 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 26, 2024. The follows: Quarter Ended Aug. 25, 2024 Aug. 27, 2023 Estimated fair values of stock options granted $ 13.20 $ 17.47 Assumptions: Risk-free interest rate 4.5 % 4.0 % Expected term 8.5 years 8.5 years Expected volatility 21.6 % 21.4 % Dividend yield 3.8 % 2.8 % The total grant date fair value of restricted stock unit awards that vested during Quarter Ended In Millions Aug. 25, 2024 Aug. 27, 2023 Total grant date fair $ 90.8 $ 104.8

Earnings Per Share

Earnings Per Share	3 Months Ended
	Aug. 25, 2024
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 In Millions, Except per Share Data Aug. 25, 2024 Aug. 27, 2023 Net earnings attributable to General Mills $ 579.9 $ 673.5 Average number 560.5 586.3 Incremental share effect from: (a) Stock options 1.5 2.8 Restricted stock units and performance share units 1.8 2.3 Average number 563.8 591.4 Earnings per share – basic $ 1.03 $ 1.15 Earnings per share – diluted $ 1.03 $ 1.14 (a) method . Stock options, restricted stock they were not dilutive were as follows Quarter Ended In Millions Aug. 25, 2024 Aug. 27, 2023 Anti-dilutive stock options, restricted stock units, and 4.4 1.6

Share Repurchases

Share Repurchases	3 Months Ended
	Aug. 25, 2024
Share Repurchases [Abstract]
Share Repurchases	(12) Share Repurchases Share repurchases were as follows: Quarter Ended In Millions Aug. 25, 2024 Aug. 27, 2023 Shares of common stock 4.5 6.4 Aggregate purchase price $ 302.2 $ 504.7

Statements Of Cash Flows

Statements Of Cash Flows	3 Months Ended
	Aug. 25, 2024
Statements Of Cash Flows [Abstract]
Statements Of Cash Flows	(13) Statements of Cash Flows Our Consolidated Statements of Cash Flows include the following: Quarter Ended In Millions Aug. 25, 2024 Aug. 27, 2023 Net cash interest payments $ 83.7 $ 83.9 Net income tax payments $ 18.7 $ 13.7

Retirement And Postemployment B

Retirement And Postemployment Benefits	3 Months Ended
	Aug. 25, 2024
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 Aug. 25, 2024 Aug. 27, 2023 Aug. 25, 2024 Aug. 27, 2023 Aug. 25, 2024 Aug. 27, 2023 Service cost $ 13.0 $ 14.2 $ 1.1 $ 1.2 $ 1.8 $ 1.8 Interest cost 76.7 74.2 5.3 5.3 1.0 1.0 Expected return on plan assets (105.0) (102.9) (9.0) (8.7) - - Amortization of losses (gains) 25.1 21.5 (5.2) (5.1) 0.1 - Amortization of prior service costs (credits) 0.3 0.4 (5.5) (5.4) (0.3) 0.1 Other adjustments - - - - 2.6 2.6 Net expense (income) $ 10.1 $ 7.4 $ (13.3) $ (12.7) $ 5.2 $ 5.5

Income Taxes

Income Taxes	3 Months Ended
	Aug. 25, 2024
Income Taxes [Abstract]
Income Taxes	(15) Income Taxes During the with a capital loss our liquidity. In Pillar jurisdiction beginning statements. legislation guidance and evaluate potential impact on our consolidated financial

Contingencies

Contingencies	3 Months Ended
	Aug. 25, 2024
Contingencies [Abstract]
Contingencies	(16) Contingencies During state sales tax requirements. have meritorious defenses against this claim and will vigorously defend any possible loss and have not recorded a loss contingency for this matter.

Business Segment And Geographic

Business Segment And Geographic Information	3 Months Ended
	Aug. 25, 2024
Business Segment And Geographic Information [Abstract]
Business Segment And Geographic Information	(17) Business Segment and Geographic Information We America Pet, Pet segment to reflect that the historical segment operating results. Our North America Retail stores, categories products, organic products including ready-to-eat cereal, frozen Our product categories include super-premium shelf-stable 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 North superstore hospitals. vegetables, stage needs cuts for wet foods. Our categories unbaked and and nearly vending, and supermarket bakeries. Operating profit and other other net expenses, initiative segment operating performance. losses affecting reviewed are depreciation and amortization expenses are neither maintained nor available Our operating segment results were as follows: Quarter Ended In Millions Aug. 25, 2024 Aug. 27, 2023 Net sales: North America Retail $ 3,016.6 $ 3,073.0 International 717.0 715.8 North America Pet 576.1 579.9 North America Foodservice 536.2 536.0 Total segment net $ 4,845.9 $ 4,904.7 Corporate and other 2.2 - Total net sales $ 4,848.1 $ 4,904.7 Operating profit: North America Retail $ 745.7 $ 798.2 International 20.9 50.0 North America Pet 119.4 111.2 North America Foodservice 71.5 59.1 Total segment operating $ 957.5 $ 1,018.5 Unallocated corporate items 123.8 87.3 Restructuring, impairment, and other exit costs 2.2 1.2 Operating profit $ 831.5 $ 930.0 Net sales for our North America Retail operating units were as follows: Quarter Ended In Millions Aug. 25, 2024 Aug. 27, 2023 U.S. Meals & Baking Solutions $ 946.3 $ 941.9 U.S. Snacks 910.5 954.5 U.S. Morning Foods 902.9 927.8 Canada 256.9 248.8 Total $ 3,016.6 $ 3,073.0 Net sales by class of similar products were as follows: Quarter Ended In Millions Aug. 25, 2024 Aug. 27, 2023 Snacks $ 1,106.8 $ 1,136.7 Cereal 793.1 817.9 Convenient meals 678.9 665.5 Pet 604.6 579.9 Dough 517.8 534.9 Baking mixes and ingredients 457.1 466.5 Yogurt 371.9 368.4 Super-premium ice cream 212.9 224.0 Other 105.0 110.9 Total $ 4,848.1 $ 4,904.7

Restructuring, Impairment, An_2

Restructuring, Impairment, And Other Exit Costs (Tables)	3 Months Ended
	Aug. 25, 2024
Restructuring, Impairment, And Other Exit Costs [Abstract]
Restructuring, Impairment Charges And Project-Related Costs	Quarter Ended In Millions Aug. 25, 2024 Aug. 27, 2023 Restructuring, impairment, and other exit costs $ 2.2 $ 1.2 Cost of sales 0.7 8.6 Total restructuring $ 2.9 $ 9.8 Project-related costs classified in cost of sales $ 0.1 $ 0.8

Goodwill And Other Intangible_2

Goodwill And Other Intangible Assets (Tables)	3 Months Ended
	Aug. 25, 2024
Goodwill And Other Intangible Assets [Abstract]
Components Of Goodwill And Other Intangible Assets	In Millions Aug. 25, 2024 May 26, 2024 Goodwill $ 14,787.7 $ 14,750.7 Other intangible assets: Intangible assets not subject to amortization: Brands and other indefinite-lived intangibles 6,735.9 6,728.6 Intangible assets subject to amortization: Customer relationships and other finite-lived intangibles 402.9 402.2 Less accumulated amortization (156.0) (150.9) Intangible assets subject to amortization, net 246.9 251.3 Other intangible assets 6,982.8 6,979.9 Total $ 21,770.5 $ 21,730.6
Changes In Carrying Amount Of Goodwill	In Millions North America Retail North America Pet North America Foodservice International (a) Corporate and Joint Ventures Total Balance as of May 26, 2024 $ 6,541.9 $ 6,062.8 $ 805.5 $ 917.1 $ 423.4 $ 14,750.7 Other activity, primarily 1.4 - - 23.0 12.6 37.0 Balance as of Aug. 25, 2024 $ 6,543.3 $ 6,062.8 $ 805.5 $ 940.1 $ 436.0 $ 14,787.7 The carrying amounts of goodwill within the International segment as of accumulated impairment losses of $ 117.1
Changes In Carrying Amount Of Other Intangible Assets	In Millions Total Balance as of May 26, 2024 $ 6,979.9 Foreign currency translation, net of amortization 2.9 Balance as of Aug. 25, 2024 $ 6,982.8

Inventories (Tables)

Inventories (Tables)	3 Months Ended
	Aug. 25, 2024
Inventories [Abstract]
Schedule Of Components Of Inventories	In Millions Aug. 25, 2024 May 26, 2024 Finished goods $ 1,975.1 $ 1,827.7 Raw materials and packaging 488.4 500.5 Grain 79.3 111.1 Excess of FIFO over LIFO cost (546.4) (541.1) Total $ 1,996.4 $ 1,898.2

Risk Management Activities (Tab

Risk Management Activities (Tables)	3 Months Ended
	Aug. 25, 2024
Risk Management Activities [Abstract]
Schedule of Unallocated Corporate items	Quarter Ended In Millions Aug. 25, 2024 Aug. 27, 2023 Net (loss) gain on mark-to-market valuation of certain $ (37.7) $ 28.4 Net loss on commodity positions reclassified from 17.2 3.2 Net mark-to-market revaluation of certain grain inventories (8.3) 13.3 Net mark-to-market valuation of certain commodity $ (28.8) $ 44.9

Debt (Tables)

Debt (Tables)	3 Months Ended
	Aug. 25, 2024
Debt [Abstract]
Schedule Of Components Of Notes Payable	Aug. 25, 2024 May 26, 2024 In Millions Notes Payable Weighted- Average Interest Rate Notes Payable Weighted- Average Interest Rate U.S. commercial paper $ 205.0 5.4 % $ - - % Financial institutions 44.1 7.7 11.8 8.8 Total $ 249.1 5.8 % $ 11.8 8.8 %
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 0.7 - Total committed $ 3.4 $ -

Stockholders' Equity (Tables)

Stockholders' Equity (Tables)	3 Months Ended
	Aug. 25, 2024
Stockholders' Equity [Abstract]
Schedule of Total Comprehensive Income (Loss)	Quarter Ended Quarter Ended Aug. 25, 2024 Aug. 27, 2023 General Mills Noncontrolling Interests General Mills Noncontrolling Interests In Millions Pretax Tax Net Net Pretax Tax Net Net Net earnings, including earnings $ 579.9 $ 3.7 $ 673.5 $ 6.8 Other comprehensive (loss) income: Foreign currency translation $ (93.9) $ 31.5 (62.4) 0.5 $ (22.0) $ 3.8 (18.2) 0.1 Other fair value changes: Hedge derivatives (7.5) 1.5 (6.0) - (2.7) 0.4 (2.3) - Reclassification to earnings: Hedge derivatives (a) (0.4) 0.4 - - (1.3) 1.5 0.2 - Amortization of losses and 14.5 (2.9) 11.6 - 11.5 (2.4) 9.1 - Other comprehensive (loss) income $ (87.3) $ 30.5 (56.8) 0.5 $ (14.5) $ 3.3 (11.2) 0.1 Total comprehensive income $ 523.1 $ 4.2 $ 662.3 $ 6.9 (a) (b)
Schedule Of Accumulated Other Comprehensive Income (Loss)	In Millions Aug. 25, 2024 May 26, 2024 Foreign currency translation adjustments $ (857.7) $ (795.3) Unrealized (loss) gain from hedge derivatives (5.8) 0.2 Pension, other postretirement, and postemployment benefits: Net actuarial loss (1,790.8) (1,806.3) Prior service credits 77.8 81.7 Accumulated other comprehensive loss $ (2,576.5) $ (2,519.7)

Stock Plans (Tables)

Stock Plans (Tables)	3 Months Ended
	Aug. 25, 2024
Stock Plans [Abstract]
Schedule Of Compensation Expense Related To Stock-Based Payments	Quarter Ended In Millions Aug. 25, 2024 Aug. 27, 2023 Compensation expense related to stock-based payments $ 20.3 $ 35.3 Quarter Ended In Millions Aug. 25, 2024 Aug. 27, 2023 Windfall tax benefits from stock-based payments $ 2.8 $ 8.4
Net Cash Proceeds And Intrinsic Value Of Options Exercised	Quarter Ended In Millions Aug. 25, 2024 Aug. 27, 2023 Net cash proceeds $ 9.4 $ 4.5 Intrinsic value of options exercised $ 1.9 $ 2.1
Schedule Of Estimated Fair Value Of Stock Options Granted And The Assumptions Used For The Black-Scholes Option-Pricing Model	Quarter Ended Aug. 25, 2024 Aug. 27, 2023 Estimated fair values of stock options granted $ 13.20 $ 17.47 Assumptions: Risk-free interest rate 4.5 % 4.0 % Expected term 8.5 years 8.5 years Expected volatility 21.6 % 21.4 % Dividend yield 3.8 % 2.8 %
Schedule Of Grant Date Fair Value Of Restricted Stock Unit Awards Activity	Quarter Ended In Millions Aug. 25, 2024 Aug. 27, 2023 Total grant date fair $ 90.8 $ 104.8

Earnings Per Share (Tables)

Earnings Per Share (Tables)	3 Months Ended
	Aug. 25, 2024
Earnings Per Share [Abstract]
Schedule Of Basic And Diluted EPS	Quarter Ended In Millions, Except per Share Data Aug. 25, 2024 Aug. 27, 2023 Net earnings attributable to General Mills $ 579.9 $ 673.5 Average number 560.5 586.3 Incremental share effect from: (a) Stock options 1.5 2.8 Restricted stock units and performance share units 1.8 2.3 Average number 563.8 591.4 Earnings per share – basic $ 1.03 $ 1.15 Earnings per share – diluted $ 1.03 $ 1.14 (a) method
Stock Options And Restricted Units Not Dilutive	Quarter Ended In Millions Aug. 25, 2024 Aug. 27, 2023 Anti-dilutive stock options, restricted stock units, and 4.4 1.6

Share Repurchases (Tables)

Share Repurchases (Tables)	3 Months Ended
	Aug. 25, 2024
Share Repurchases [Abstract]
Share Repurchases	Quarter Ended In Millions Aug. 25, 2024 Aug. 27, 2023 Shares of common stock 4.5 6.4 Aggregate purchase price $ 302.2 $ 504.7

Statements Of Cash Flows (Table

Statements Of Cash Flows (Tables)	3 Months Ended
	Aug. 25, 2024
Statements Of Cash Flows [Abstract]
Consolidated Statements Of Cash Flows Supplemental Disclosures	Quarter Ended In Millions Aug. 25, 2024 Aug. 27, 2023 Net cash interest payments $ 83.7 $ 83.9 Net income tax payments $ 18.7 $ 13.7

Retirement And Postemployment_2

Retirement And Postemployment Benefits (Tables)	3 Months Ended
	Aug. 25, 2024
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 Aug. 25, 2024 Aug. 27, 2023 Aug. 25, 2024 Aug. 27, 2023 Aug. 25, 2024 Aug. 27, 2023 Service cost $ 13.0 $ 14.2 $ 1.1 $ 1.2 $ 1.8 $ 1.8 Interest cost 76.7 74.2 5.3 5.3 1.0 1.0 Expected return on plan assets (105.0) (102.9) (9.0) (8.7) - - Amortization of losses (gains) 25.1 21.5 (5.2) (5.1) 0.1 - Amortization of prior service costs (credits) 0.3 0.4 (5.5) (5.4) (0.3) 0.1 Other adjustments - - - - 2.6 2.6 Net expense (income) $ 10.1 $ 7.4 $ (13.3) $ (12.7) $ 5.2 $ 5.5

Business Segment And Geograph_2

Business Segment And Geographic Information (Tables)	3 Months Ended
	Aug. 25, 2024
Business Segment And Geographic Information [Abstract]
Operating Segment Results	Quarter Ended In Millions Aug. 25, 2024 Aug. 27, 2023 Net sales: North America Retail $ 3,016.6 $ 3,073.0 International 717.0 715.8 North America Pet 576.1 579.9 North America Foodservice 536.2 536.0 Total segment net $ 4,845.9 $ 4,904.7 Corporate and other 2.2 - Total net sales $ 4,848.1 $ 4,904.7 Operating profit: North America Retail $ 745.7 $ 798.2 International 20.9 50.0 North America Pet 119.4 111.2 North America Foodservice 71.5 59.1 Total segment operating $ 957.5 $ 1,018.5 Unallocated corporate items 123.8 87.3 Restructuring, impairment, and other exit costs 2.2 1.2 Operating profit $ 831.5 $ 930.0 Quarter Ended In Millions Aug. 25, 2024 Aug. 27, 2023 U.S. Meals & Baking Solutions $ 946.3 $ 941.9 U.S. Snacks 910.5 954.5 U.S. Morning Foods 902.9 927.8 Canada 256.9 248.8 Total $ 3,016.6 $ 3,073.0
Net Sales By Class Of Similar Products	Quarter Ended In Millions Aug. 25, 2024 Aug. 27, 2023 Snacks $ 1,106.8 $ 1,136.7 Cereal 793.1 817.9 Convenient meals 678.9 665.5 Pet 604.6 579.9 Dough 517.8 534.9 Baking mixes and ingredients 457.1 466.5 Yogurt 371.9 368.4 Super-premium ice cream 212.9 224.0 Other 105.0 110.9 Total $ 4,848.1 $ 4,904.7

Acquisition And Divestiture (Na

Acquisition And Divestiture (Narrative) (Details) - USD ($) $ in Millions	3 Months Ended
	Aug. 25, 2024	May 26, 2024	Sep. 12, 2024
Business Acquisition [Line Items]
Goodwill	$ 14,787.7	$ 14,750.7
European Pet Business [Member]
Business Acquisition [Line Items]
Purchase price		$ 434.1
Payment of acquisition amount heldback	7.7
Goodwill	317.7
Indefinite-Lived Intangible Assets	118.4
Finite-Lived Intangibles	$ 14.2
North American Yogurt Businesses [Member] | Subsequent Event [Member]
Business Acquisition [Line Items]
Sale price of businesses			$ 2,100

Restructuring, Impairment, an_3

Restructuring, Impairment, and Other Exit Costs (Narrative) (Details) - USD ($) $ in Millions	3 Months Ended		12 Months Ended
	Aug. 25, 2024	Aug. 27, 2023	May 26, 2024
Restructuring and Related Cost [Line Items]
Restructuring (recoveries) charges	$ 2.9	$ 9.8
Goodwill impairment			$ 117.1
Restructuring charges, cash	2.7	7.4
Charges associated with restructuring actions previously announced [Member]
Restructuring and Related Cost [Line Items]
Restructuring (recoveries) charges	$ 2.9	$ 9.8

Restructuring, Impairment, an_4

Restructuring, Impairment, and Other Exit Costs (Restructuring, Impairment Charges And Project-Related Costs) (Details) - USD ($) $ in Millions	3 Months Ended
	Aug. 25, 2024	Aug. 27, 2023
Restructuring and Related Cost [Line Items]
Restructuring and impairment charges	$ 2.9	$ 9.8
Project-related costs classified in cost of sales	0.1	0.8
Restructuring, Impairment and Other Exit Costs [Member]
Restructuring and Related Cost [Line Items]
Restructuring and impairment charges	2.2	1.2
Cost of Sales [Member]
Restructuring and Related Cost [Line Items]
Restructuring and impairment charges	$ 0.7	$ 8.6

Goodwill and Other Intangible_3

Goodwill and Other Intangible Assets (Narrative) (Details) - USD ($) $ in Millions	12 Months Ended
	May 26, 2024	Aug. 25, 2024
Goodwill and Intangible Assets [Line Items]
Future amortization expense, year one		$ 20
Future amortization expense, year two		20
Future amortization expense, year three		20
Future amortization expense, year four		20
Future amortization expense, year five		$ 20
Goodwill impairment	$ 117.1
Impairment of intangible assets	$ 103.1

Goodwill and Other Intangible_4

Goodwill and Other Intangible Assets (Components Of Goodwill And Other Intangible Assets) (Details) - USD ($) $ in Millions	Aug. 25, 2024	May 26, 2024
Goodwill And Other Intangible Assets [Abstract]
Goodwill	$ 14,787.7	$ 14,750.7
Intangible assets not subject to amortization:
Brands and other indefinite-lived intangibles	6,735.9	6,728.6
Intangible assets subject to amortization:
Customer relationships and other finite-lived intangibles	402.9	402.2
Less accumulated amortization	(156)	(150.9)
Intangible assets subject to amortization, net	246.9	251.3
Other intangible assets	6,982.8	6,979.9
Total	$ 21,770.5	$ 21,730.6

Goodwill and Other Intangible_5

Goodwill and Other Intangible Assets (Changes In Carrying Amount Of Goodwill) (Details) - USD ($) $ in Millions	3 Months Ended	12 Months Ended
	Aug. 25, 2024	May 26, 2024
Goodwill [Line Items]
Beginning balance	$ 14,750.7
Impairment charge		$ (117.1)
Other activity, primarily foreign currency translation	37
Ending balance	14,787.7	14,750.7
North America Retail Segment [Member]
Goodwill [Line Items]
Beginning balance	6,541.9
Other activity, primarily foreign currency translation	1.4
Ending balance	6,543.3	6,541.9
North America Pet [Member]
Goodwill [Line Items]
Beginning balance	6,062.8
Other activity, primarily foreign currency translation	0
Ending balance	6,062.8	6,062.8
North America Foodservice [Member]
Goodwill [Line Items]
Beginning balance	805.5
Other activity, primarily foreign currency translation	0
Ending balance	805.5	805.5
International [Member]
Goodwill [Line Items]
Beginning balance	917.1
Other activity, primarily foreign currency translation	23
Ending balance	940.1	917.1
Accumulated impairment losses	117.1	117.1
Corporate and Joint Ventures [Member]
Goodwill [Line Items]
Beginning balance	423.4
Other activity, primarily foreign currency translation	12.6
Ending balance	$ 436	$ 423.4

Goodwill and Other Intangible_6

Goodwill and Other Intangible Assets (Changes In Carrying Amount Of Other Intangible Assets) (Details) $ in Millions	3 Months Ended
	Aug. 25, 2024 USD ($)
Indefinite Lived Intangible Assets By Major Class [Line Items]
Beginning balance - carrying value	$ 6,979.9
Foreign currency translation, net of amortization	2.9
Ending balance - carrying value	$ 6,982.8

Inventories (Schedule Of Compon

Inventories (Schedule Of Components Of Inventories) (Details) - USD ($) $ in Millions	Aug. 25, 2024	May 26, 2024
Inventories [Abstract]
Finished goods	$ 1,975.1	$ 1,827.7
Raw materials and packaging	488.4	500.5
Grain	79.3	111.1
Excess of FIFO over LIFO cost	(546.4)	(541.1)
Total	$ 1,996.4	$ 1,898.2

Risk Management Activities (Nar

Risk Management Activities (Narrative) (Details) € in Millions, $ in Millions	3 Months Ended
	Aug. 25, 2024 USD ($)	Feb. 25, 2024 USD ($)	Aug. 25, 2024 EUR (€)	May 26, 2024 USD ($)
Derivative [Line Items]
Accounts payable to suppliers who utilize third party service	$ 1,421.6			$ 1,404.4
Long-term debt, carrying value	13,071.3
Euro Denominated Bonds Used For Hedging [Member]
Derivative [Line Items]
Long-term debt, carrying value | €			€ 3,979.4
4.7% Fixed Rate Note [Member]
Derivative [Line Items]
Issuance of long-term debt		$ 500
Commodity Contracts [Member]
Derivative [Line Items]
Derivative, Notional Amount	$ 233.4
Average period of utilization	12 months
Agricultural Related Derivative [Member]
Derivative [Line Items]
Derivative, Notional Amount	$ 118.6
Energy Related Derivative [Member]
Derivative [Line Items]
Derivative, Notional Amount	$ 114.8

Risk Management Activities (Sch

Risk Management Activities (Schedule Of Unallocated Corporate items) (Details) - USD ($) $ in Millions	3 Months Ended
	Aug. 25, 2024	Aug. 27, 2023
Commodity Price Risk [Abstract]
Net (loss) gain on mark-to-market valuation of certain commodity positions	$ (37.7)	$ 28.4
Net loss on commodity positions reclassified from unallocated corporate items to segment operating profit	17.2	3.2
Net mark-to-market revaluation of certain grain inventories	(8.3)	13.3
Net mark-to-market valuation of certain commodity positions recognized in unallocated corporate items	$ (28.8)	$ 44.9

Debt (Narrative) (Details)

Debt (Narrative) (Details) € in Millions, $ in Millions	3 Months Ended
	Aug. 25, 2024 USD ($)	May 26, 2024 EUR (€)	Feb. 25, 2024 USD ($)	Nov. 26, 2023 EUR (€)	Nov. 26, 2023 USD ($)	Aug. 27, 2023 EUR (€)
Debt Instrument [Line Items]
Long-term debt, carrying value	$ 13,071.3
Committed Credit Facilities [Member]
Debt Instrument [Line Items]
Minimum fixed charge coverage ratio	2.5
Level 2 [Member]
Debt Instrument [Line Items]
Long-term debt, fair value	$ 12,653.5
3.650% Notes due 2030 [Member]
Debt Instrument [Line Items]
Issuance of long-term debt | €		€ 500
Fixed interest rate percentage		3.65%
Maturity date		Oct. 23, 2030
3.850% Notes due 2034 [Member]
Debt Instrument [Line Items]
Issuance of long-term debt | €		€ 500
Fixed interest rate percentage		3.85%
Maturity date		Apr. 23, 2034
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]
Repayment of long-term debt | €				€ 250
Maturity date				Nov. 10, 2023	Nov. 10, 2023
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 August 25, 2024.
Certain Long Term Debt Agreements Containing Restrictive Covenants [Member]
Debt Instrument [Line Items]
Debt Instrument, Covenant Compliance	As of August 25, 2024, 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
4.7% Fixed Rate Note [Member]
Debt Instrument [Line Items]
Issuance of long-term debt			$ 500
Fixed interest rate percentage			4.70%
Maturity date			Jan. 30, 2027
3.65% Fixed Rate Note [Member]
Debt Instrument [Line Items]
Repayment of long-term debt			$ 500
Fixed interest rate percentage			3.65%
Maturity date			Feb. 15, 2024

Debt (Schedule Of Components Of

Debt (Schedule Of Components Of Notes Payable) (Details) - USD ($) $ in Millions	Aug. 25, 2024	May 26, 2024
Short-term Debt [Line Items]
Notes payable	$ 249.1	$ 11.8
Weighted Average Interest Rate	5.80%	8.80%
U.S. commercial paper [Member]
Short-term Debt [Line Items]
Notes payable	$ 205	$ 0
Weighted Average Interest Rate	5.40%	0%
Financial Institutions [Member]
Short-term Debt [Line Items]
Notes payable	$ 44.1	$ 11.8
Weighted Average Interest Rate	7.70%	8.80%

Debt (Schedule Of Fee-Paid Comm

Debt (Schedule Of Fee-Paid Committed And Uncommitted Credit Lines) (Details) $ in Billions	Aug. 25, 2024 USD ($)
Line of Credit Facility [Line Items]
Facility Amount	$ 3.4
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 Facility [Member]
Line of Credit Facility [Line Items]
Facility Amount	0.7
Borrowed Amount	$ 0

Noncontrolling Interests (Narra

Noncontrolling Interests (Narrative) (Details) - USD ($) $ in Millions		3 Months Ended
	Jun. 01, 2024	Aug. 25, 2024
Noncontrolling Interest [Line Items]
Noncontrolling interests covenant compliance		Our noncontrolling interests contain restrictive covenants. As of August 25, 2024, 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	2.61%
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
	Aug. 25, 2024	Aug. 27, 2023
Other comprehensive (loss) income, net of tax:
Foreign currency translation	$ (61.9)	$ (18.1)
Other fair value changes:
Hedge derivatives	(6)	(2.3)
Reclassification to earnings:
Hedge derivatives	0	0.2
Amortization of losses and prior service costs	11.6	9.1
Other comprehensive (loss) income, net of tax	(56.3)	(11.1)
Comprehensive Income:
Net earnings, including earnings attributable to noncontrolling interests	579.9	673.5
Net earnings attributable to noncontrolling interests	3.7	6.8
Total comprehensive income attributable to General Mills	523.1	662.3
General Mills [Member]
Other comprehensive income (loss), before tax:
Foreign currency translation	(93.9)	(22)
Other fair value changes:
Hedge derivatives	(7.5)	(2.7)
Reclassification to earnings:
Hedge derivatives	(0.4)	(1.3)
Amortization of losses and prior service costs	14.5	11.5
Other comprehensive (loss) income, before tax	(87.3)	(14.5)
Other comprehensive (loss) income, tax:
Foreign currency translation	31.5	3.8
Other fair value changes:
Hedge derivatives	1.5	0.4
Reclassification to earnings:
Hedge derivatives	0.4	1.5
Amortization of losses and prior service costs	(2.9)	(2.4)
Other comprehensive (loss) income, tax	30.5	3.3
Other comprehensive (loss) income, net of tax:
Foreign currency translation	(62.4)	(18.2)
Other fair value changes:
Hedge derivatives	(6)	(2.3)
Reclassification to earnings:
Hedge derivatives	0	0.2
Amortization of losses and prior service costs	11.6	9.1
Other comprehensive (loss) income, net of tax	(56.8)	(11.2)
Comprehensive Income:
Net earnings, including earnings attributable to noncontrolling interests	579.9	673.5
Total comprehensive income attributable to General Mills	523.1	662.3
Noncontrolling Interests [Member]
Other comprehensive (loss) income, net of tax:
Foreign currency translation	0.5	0.1
Other fair value changes:
Hedge derivatives	0	0
Reclassification to earnings:
Hedge derivatives	0	0
Amortization of losses and prior service costs	0	0
Other comprehensive (loss) income, net of tax	0.5	0.1
Comprehensive Income:
Net earnings attributable to noncontrolling interests	3.7	6.8
Total comprehensive income attributable to noncontrolling interests	$ 4.2	$ 6.9

Stockholders' Equity (Schedul_2

Stockholders' Equity (Schedule Of Accumulated Other Comprehensive Income (Loss) (Details) - USD ($) $ in Millions	Aug. 25, 2024	May 26, 2024
Accumulated Other Comprehensive Income (Loss), Net of Tax:
Foreign currency translation adjustments	$ (857.7)	$ (795.3)
Unrealized (loss) gain from hedge derivatives	(5.8)	0.2
Pension, other postretirement, and postemployment benefits:
Net actuarial loss	(1,790.8)	(1,806.3)
Prior service credits	77.8	81.7
Accumulated other comprehensive loss	$ (2,576.5)	$ (2,519.7)

Stock Plans (Narrative) (Detail

Stock Plans (Narrative) (Details) $ in Millions	3 Months Ended
	Aug. 25, 2024 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	$ 185.9
Unrecognized compensation expense on non-vested awards, weighted average period of recognition	26 months
Share Based Compensation Arrangement By Share Based Payment Award Options Additional Disclosures [Abstract]
Fair Value Assumptions Method Used	We estimate the fair value of each option on the grant date using a Black-Scholes option-pricing model, which requires us to make predictive assumptions regarding future stock price volatility, employee exercise behavior, dividend yield, and the forfeiture rate. 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 26, 2024.

Stock Plans (Schedule Of Compen

Stock Plans (Schedule Of Compensation Expense Related To Stock-Based Payments) (Details) - USD ($) $ in Millions	3 Months Ended
	Aug. 25, 2024	Aug. 27, 2023
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Compensation expense related to stock-based payments	$ 20.3	$ 35.3
Windfall tax benefits from stock-based payments	$ 2.8	$ 8.4

Stock Plans (Net Cash Proceeds

Stock Plans (Net Cash Proceeds And Intrinsic Value Of Options Exercised) (Details) - USD ($) $ in Millions	3 Months Ended
	Aug. 25, 2024	Aug. 27, 2023
Stock Plans [Abstract]
Net cash proceeds	$ 9.4	$ 4.5
Intrinsic value of options exercised	$ 1.9	$ 2.1

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	3 Months Ended
	Aug. 25, 2024	Aug. 27, 2023
Stock Plans [Abstract]
Estimated fair values of stock options granted	$ 13.20	$ 17.47
Assumptions:
Risk-free interest rate	4.50%	4%
Expected term	8 years 6 months	8 years 6 months
Expected volatility	21.60%	21.40%
Dividend yield	3.80%	2.80%

Stock Plans (Schedule Of Grant

Stock Plans (Schedule Of Grant Date Fair Value Of Restricted Stock Unit Awards Activity) (Details) - USD ($) $ in Millions	3 Months Ended
	Aug. 25, 2024	Aug. 27, 2023
Stock Plans [Abstract]
Total grant date fair value	$ 90.8	$ 104.8

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
	Aug. 25, 2024	Aug. 27, 2023
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Net earnings attributable to General Mills	$ 579.9	$ 673.5
Average number of common shares - basic EPS	560.5	586.3
Average number of common shares - diluted EPS	563.8	591.4
Earnings per share - basic	$ 1.03	$ 1.15
Earnings per share - diluted	$ 1.03	$ 1.14
Other Disclosures [Abstract]
Anti-dilutive stock options, restricted stock units, and performance share units	4.4	1.6
Stock options [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Incremental share effect	1.5	2.8
Restricted stock units and performance share units [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Incremental share effect	1.8	2.3

Share Repurchases (Share Repurc

Share Repurchases (Share Repurchases) (Details) - USD ($) shares in Millions, $ in Millions	3 Months Ended
	Aug. 25, 2024	Aug. 27, 2023
Share Repurchases [Abstract]
Shares of common stock	4.5	6.4
Aggregate purchase price	$ 302.2	$ 504.7

Statements of Cash Flows (Conso

Statements of Cash Flows (Consolidated Statements of Cash Flows) (Details) - USD ($) $ in Millions	3 Months Ended
	Aug. 25, 2024	Aug. 27, 2023
Statements Of Cash Flows [Abstract]
Net cash interest payments	$ 83.7	$ 83.9
Net income tax payments	$ 18.7	$ 13.7

Retirement And Postemployment_3

Retirement And Postemployment Benefits (Components Of Net Periodic Benefit Expense(Income)) (Details) - USD ($) $ in Millions	3 Months Ended
	Aug. 25, 2024	Aug. 27, 2023
Defined Benefit Pension Plans [Member]
Components of Net Periodic Benefit Cost [Abstract]
Service cost	$ 13	$ 14.2
Interest cost	76.7	74.2
Expected return on plan assets	(105)	(102.9)
Amortization of losses (gains)	25.1	21.5
Amortization of prior service costs (credits)	0.3	0.4
Other adjustments	0	0
Net expense (income)	10.1	7.4
Other Postretirement Benefit Plans [Member]
Components of Net Periodic Benefit Cost [Abstract]
Service cost	1.1	1.2
Interest cost	5.3	5.3
Expected return on plan assets	(9)	(8.7)
Amortization of losses (gains)	(5.2)	(5.1)
Amortization of prior service costs (credits)	(5.5)	(5.4)
Other adjustments	0	0
Net expense (income)	(13.3)	(12.7)
Postemployment Benefit Plans [Member]
Components of Net Periodic Benefit Cost [Abstract]
Service cost	1.8	1.8
Interest cost	1	1
Expected return on plan assets	0	0
Amortization of losses (gains)	0.1	0
Amortization of prior service costs (credits)	(0.3)	0.1
Other adjustments	2.6	2.6
Net expense (income)	$ 5.2	$ 5.5

Business Segment And Geograph_3

Business Segment And Geographic Information (Operating Segment Results) (Details) - USD ($) $ in Millions	3 Months Ended
	Aug. 25, 2024	Aug. 27, 2023
Segment Reporting Information [Line Items]
Net sales	$ 4,848.1	$ 4,904.7
Restructuring, impairment, and other exit costs	2.2	1.2
Operating profit	831.5	930
Operating Segments [Member]
Segment Reporting Information [Line Items]
Net sales	4,845.9	4,904.7
Operating profit	957.5	1,018.5
Unallocated Corporate Items [Member]
Segment Reporting Information [Line Items]
Operating profit	123.8	87.3
North America Retail [Member] | Operating Segments [Member]
Segment Reporting Information [Line Items]
Net sales	3,016.6	3,073
Operating profit	745.7	798.2
U.S. Meals & Baking Solutions [Member] | Operating Segments [Member]
Segment Reporting Information [Line Items]
Net sales	946.3	941.9
U.S. Snacks [Member] | Operating Segments [Member]
Segment Reporting Information [Line Items]
Net sales	910.5	954.5
U.S. Morning Foods [Member] | Operating Segments [Member]
Segment Reporting Information [Line Items]
Net sales	902.9	927.8
Canada [Member] | Operating Segments [Member]
Segment Reporting Information [Line Items]
Net sales	256.9	248.8
International [Member] | Operating Segments [Member]
Segment Reporting Information [Line Items]
Net sales	717	715.8
Operating profit	20.9	50
North America Pet [Member] | Operating Segments [Member]
Segment Reporting Information [Line Items]
Net sales	576.1	579.9
Operating profit	119.4	111.2
North America Foodservice [Member] | Operating Segments [Member]
Segment Reporting Information [Line Items]
Net sales	536.2	536
Operating profit	71.5	59.1
Corporate and Other [Member]
Segment Reporting Information [Line Items]
Net sales	$ 2.2	$ 0

Business Segment And Geograph_4

Business Segment And Geographic Information (Net Sales By Class Of Similar Products) (Details) - USD ($) $ in Millions	3 Months Ended
	Aug. 25, 2024	Aug. 27, 2023
Product Information [Line Items]
Net sales	$ 4,848.1	$ 4,904.7
Snacks [Member]
Product Information [Line Items]
Net sales	1,106.8	1,136.7
Cereal [Member]
Product Information [Line Items]
Net sales	793.1	817.9
Convenient meals [Member]
Product Information [Line Items]
Net sales	678.9	665.5
Dough [Member]
Product Information [Line Items]
Net sales	517.8	534.9
Pet [Member]
Product Information [Line Items]
Net sales	604.6	579.9
Baking mixes and ingredients [Member]
Product Information [Line Items]
Net sales	457.1	466.5
Yogurt [Member]
Product Information [Line Items]
Net sales	371.9	368.4
Super-premium ice cream [Member]
Product Information [Line Items]
Net sales	212.9	224
Other [Member]
Product Information [Line Items]
Net sales	$ 105	$ 110.9

Insider Trading Arrangements (D

Insider Trading Arrangements (Details)	3 Months Ended
	Aug. 25, 2024 shares
Insider Trading Arrangements [Line Items]
Rule 10b5-1 Arrangement Adopted	true
Rule 10b5-1 Arrangement Terminated	false
Non-Rule 10b5-1 Arrangement Adopted	false
Non-Rule 10b5-1 Arrangement Terminated	false
Name	Jeffrey L. Harmening
Title	Chairman and Chief Executive Officer
Adoption Date	July 24, 2024
Aggregate Available	57,879