GENERAL MILLS INC
Business
General Mills is a leading global manufacturer and marketer of branded consumer foods with more than 100 brands sold in approximately 120 countries. The company offers human and pet food products across snacks, ready-to-eat cereal, convenient meals, pet food, refrigerated and frozen dough, baking mixes, and super-premium ice cream. General Mills operates through four reportable segments: North America Retail, International, North America Pet, and North America Foodservice, and holds 50 percent interests in two joint ventures—Cereal Partners Worldwide with Nestlé and Häagen-Dazs Japan with Nestlé.
Summary from 10-K filed 2026-07-01
Financials
Consolidated Statement of Income
| Concept | Trend | May 31, 2026 2026-05-31 | May 25, 2025 2025-05-25 | May 26, 2024 2024-05-26 |
|---|---|---|---|---|
| Net sales | 18,425 | 19,487 | 19,857 | |
| Cost of sales | 12,229 | 12,754 | 12,925 | |
| Selling, general, and administrative expenses | 3,389 | 3,446 | 3,259 | |
| Divestitures gain, net | 1,049 | 96 | 0 | |
| Restructuring, transformation, impairment, and other exit costs | 2,971 | 78 | 241 | |
| Operating profit | 886 | 3,305 | 3,432 | |
| Benefit plan non-service income | −58 | −54 | −76 | |
| Interest, net | −539 | −524 | −479 | |
| Earnings before income taxes and after-tax (loss) earnings from joint ventures | 406 | 2,835 | 3,028 | |
| Income taxes | 414 | 574 | 595 | |
| After-tax (loss) earnings from joint ventures | −77 | 58 | 85 | |
| Net (loss) earnings, including earnings attributable to noncontrolling interests | −85 | 2,319 | 2,519 | |
| Net earnings attributable to noncontrolling interests | 2 | 24 | 22 | |
| Net (loss) earnings attributable to General Mills | −88 | 2,295 | 2,497 | |
| (Loss) earnings per share — basic (in usd per share) | −0.16 | 4.12 | 4.34 | |
| (Loss) earnings per share – diluted (in usd per share) | −0.16 | 4.1 | 4.31 | |
| Dividends per share (in usd per share) | 2.44 | 2.4 | 2.36 |
Consolidated Balance Sheet
| Concept | Trend | May 31, 2026 2026-05-31 | May 25, 2025 2025-05-25 |
|---|---|---|---|
| ASSETS | — | — | |
| Current assets: | — | — | |
| Cash and cash equivalents | 454 | 364 | |
| Receivables | 1,647 | 1,796 | |
| Inventories | 1,918 | 1,911 | |
| Prepaid expenses and other current assets | 600 | 465 | |
| Assets held for sale | 0 | 740 | |
| Total current assets | 4,618 | 5,276 | |
| Land, buildings, and equipment | 3,443 | 3,633 | |
| Goodwill | 14,122 | 15,622 | |
| Other intangible assets | 6,717 | 7,081 | |
| Other assets | 1,116 | 1,459 | |
| Total assets | 30,017 | 33,071 | |
| LIABILITIES AND EQUITY | — | — | |
| Current liabilities: | — | — | |
| Accounts payable | 3,730 | 4,010 | |
| Current portion of long-term debt | 1,054 | 1,528 | |
| Notes payable | 68 | 677 | |
| Other current liabilities | 1,473 | 1,624 | |
| Liabilities held for sale | 450 | 18 | |
| Total current liabilities | 6,774 | 7,857 | |
| Long-term debt | 12,416 | 12,673 | |
| Deferred income taxes | 2,266 | 2,101 | |
| Other liabilities | 1,180 | 1,229 | |
| Total liabilities | 22,636 | 23,860 | |
| Stockholders’ equity: | — | — | |
| Common stock, 754.6 shares issued, $0.10 par value | 76 | 76 | |
| Additional paid-in capital | 1,201 | 1,219 | |
| Retained earnings | 20,515 | 21,918 | |
| Common stock in treasury, at cost, shares of 220.9 and 212.2 | 11,901 | 11,468 | |
| Accumulated other comprehensive loss | −2,522 | −2,545 | |
| Total stockholders’ equity | 7,368 | 9,199 | |
| Noncontrolling interests | 12 | 12 | |
| Total equity | 7,381 | 9,211 | |
| Total liabilities and equity | 30,017 | 33,071 |
Consolidated Statement of Cash Flows
| Concept | Trend | May 31, 2026 2026-05-31 | May 25, 2025 2025-05-25 | May 26, 2024 2024-05-26 |
|---|---|---|---|---|
| Cash Flows - Operating Activities | — | — | — | |
| Net (loss) earnings, including earnings attributable to noncontrolling interests | −85 | 2,319 | 2,519 | |
| Adjustments to reconcile net earnings to net cash provided by operating activities: | — | — | — | |
| Depreciation and amortization | 555 | 539 | 553 | |
| After-tax loss (earnings) from joint ventures | −77 | 58 | 85 | |
| Distributions of earnings from joint ventures | 39 | 45 | 50 | |
| Stock-based compensation | 79 | 92 | 95 | |
| Deferred income taxes | 203 | −121 | −49 | |
| Pension and other postretirement benefit plan contributions | 32 | 31 | 30 | |
| Pension and other postretirement benefit plan costs | −24 | −13 | −27 | |
| Divestitures gain, net | 1,049 | 96 | 0 | |
| Restructuring, transformation, impairment, and other exit costs | 2,898 | 74 | 224 | |
| Changes in current assets and liabilities, excluding the effects of acquisitions and divestitures | 478 | −192 | −11 | |
| Other, net | −16 | −25 | 42 | |
| Net cash provided by operating activities | 2,166 | 2,918 | 3,303 | |
| Cash Flows - Investing Activities | — | — | — | |
| Purchases of land, buildings, and equipment | 540 | 625 | 774 | |
| Acquisitions, net of cash acquired | 0 | 1,419 | 452 | |
| Proceeds from divestitures | 1,830 | 242 | 0 | |
| Investments in affiliates, net | −32 | 13 | −3 | |
| Proceeds from disposal of land, buildings, and equipment | 5 | 1 | 800,000 | |
| Other, net | 5 | 7 | −31 | |
| Net cash provided (used) by investing activities | 1,258 | −1,795 | −1,197 | |
| Cash Flows - Financing Activities | — | — | — | |
| Change in notes payable | −608 | 667 | −21 | |
| Issuance of long-term debt | 2,006 | 2,355 | 2,065 | |
| Payment of long-term debt | 2,823 | 1,300 | 902 | |
| Repurchase of Class A limited membership interests in General Mills Cereals, LLC | 0 | 253 | 0 | |
| Proceeds from common stock issued on exercised options | 500,000 | 43 | 26 | |
| Purchases of common stock for treasury | 500 | 1,203 | 2,002 | |
| Dividends paid | 1,315 | 1,339 | 1,363 | |
| Distributions to noncontrolling interest holders | 2 | 22 | 21 | |
| Other, net | −72 | −129 | −54 | |
| Net cash used by financing activities | −3,315 | −1,180 | −2,272 | |
| Effect of exchange rate changes on cash and cash equivalents | 18 | 3 | −400,000 | |
| Increase (decrease) in cash and cash equivalents | 128 | −54 | −168 | |
| Cash and cash equivalents - beginning of year | 364 | 418 | 586 | |
| Cash and cash equivalents - end of year (includes $37.9 million of cash classified as held for sale as of May 31, 2026) | 492 | 364 | 418 | |
| Cash flow from changes in current assets and liabilities, excluding the effects of acquisitions and divestitures: | — | — | — | |
| Receivables | −13 | 79 | 2 | |
| Inventories | 82 | 19 | −288 | |
| Prepaid expenses and other current assets | 148 | −81 | −167 | |
| Accounts payable | −186 | 87 | −251 | |
| Other current liabilities | −75 | 122 | −191 | |
| Changes in current assets and liabilities | 478 | −192 | −11 |
Filings
Material Events
Insiders
Institutional Holders
Frequently asked questions
What is GENERAL MILLS INC's CIK number?
GENERAL MILLS INC's SEC CIK number is 0000040704 (40704). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.
Where can I find GENERAL MILLS INC's SEC filings?
All of GENERAL MILLS INC's EDGAR filings — 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider transactions — are listed on this page, sourced live from SEC EDGAR.
When did GENERAL MILLS INC last report earnings?
GENERAL MILLS INC (GIS) most recently filed an earnings 8-K with the SEC on Jul 1, 2026, furnishing its results under Item 2.02 (Results of Operations and Financial Condition). The earnings press release is attached to that filing (accession 0001628280-26-046337). This is GENERAL MILLS INC's most recent earnings filing of record — not a forecast of its next earnings date.
What is GENERAL MILLS INC's most recent earnings 8-K?
GENERAL MILLS INC's latest earnings 8-K (Item 2.02) was filed Jul 1, 2026 under accession 0001628280-26-046337. It carries the quarterly or annual earnings press release — the earliest official, SEC-filed version of the results.
View GENERAL MILLS INC's latest earnings 8-K →
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