filings.toolsItem 16. Form 10-K Summary
5K characters. Original on sec.gov · Markdown
Item 16. Form 10-K Summary
Not Applicable.
Table of Contents
Signatures
Pursuant to the requirements of Section 13 or 15(d) of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
| GENERAL MILLS, INC. | ||||
| Dated: June 27, 2019 | By: | /s/ Kofi A. Bruce | ||
| Name: Kofi A. Bruce | ||||
| Title: Vice President, Controller |
Pursuant to the requirements of the Securities Exchange Act of 1934, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated.
| Signature | Title | Date | ||
| /s/ Jeffrey L Harmening Jeffrey L. Harmening | Chairman of the Board, Chief Executive Officer and Director (Principal Executive Officer) | June 27, 2019 | ||
| /s/ Donal L. Mulligan Donal L. Mulligan | Chief Financial Officer (Principal Financial Officer) | June 27, 2019 | ||
| /s/ Kofi A. Bruce Kofi A. Bruce | Vice President, Controller (Principal Accounting Officer) | June 27, 2019 | ||
| /s/ Alicia S. Boler Davis Alicia S. Boler Davis | Director | June 27, 2019 | ||
| /s/ R. Kerry Clark R. Kerry Clark | Director | June 27, 2019 | ||
| /s/ David M. Cordani David M. Cordani | Director | June 27, 2019 | ||
| /s/ Roger W. Ferguson Jr. Roger W. Ferguson Jr. | Director | June 27, 2019 | ||
| /s/ Maria G. Henry Maria G. Henry | Director | June 27, 2019 | ||
| /s/ Heidi G. Miller Heidi G. Miller | Director | June 27, 2019 | ||
| /s/ Diane L. Neal Diane L. Neal | Director | June 27, 2019 | ||
| /s/ Steve Odland Steve Odland | Director | June 27, 2019 | ||
| /s/ Maria A. Sastre Maria A. Sastre | Director | June 27, 2019 | ||
| /s/ Eric D. Sprunk Eric D. Sprunk | Director | June 27, 2019 | ||
| /s/ Jorge A. Uribe Jorge A. Uribe | Director | June 27, 2019 |
Table of Contents
General Mills, Inc. and Subsidiaries
Schedule II - Valuation of Qualifying Accounts
| Fiscal Year | ||||||||||||
| In Millions | 2019 | 2018 | 2017 | |||||||||
| Allowance for doubtful accounts: | ||||||||||||
| Balance at beginning of year | $ | 28.4 | $ | 24.3 | $ | 29.6 | ||||||
| Additions charged to expense | 23.9 | 26.7 | 16.6 | |||||||||
| Bad debt write-offs | (22.7 | ) | (26.9 | ) | (23.2) | |||||||
| Other adjustments and reclassifications | (0.8 | ) | 4.3 | 1.3 | ||||||||
| Balance at end of year | $ | 28.8 | $ | 28.4 | $ | 24.3 | ||||||
| Valuation allowance for deferred tax assets: | ||||||||||||
| Balance at beginning of year | $ | 176.0 | $ | 231.8 | $ | 227.0 | ||||||
| Additions charged to expense | (5.2 | ) | 2.4 | 5.2 | ||||||||
| Adjustments due to acquisitions, translation of amounts, and other | 42.9 | (58.2 | ) | (0.4) | ||||||||
| Balance at end of year | $ | 213.7 | $ | 176.0 | $ | 231.8 | ||||||
| Reserve for restructuring and other exit charges: | ||||||||||||
| Balance at beginning of year | $ | 66.8 | $ | 85.0 | $ | 76.6 | ||||||
| Additions charged to expense, including translation amounts | 11.6 | 40.3 | 104.0 | |||||||||
| Net amounts utilized for restructuring activities | (41.9 | ) | (58.5 | ) | (95.6) | |||||||
| Balance at end of year | $ | 36.5 | $ | 66.8 | $ | 85.0 | ||||||
| Reserve for LIFO valuation: | ||||||||||||
| Balance at beginning of year | $ | 213.2 | $ | 209.1 | $ | 219.3 | ||||||
| Increase (decrease) | 0.3 | 4.1 | (10.2) | |||||||||
| Balance at end of year | $ | 213.5 | $ | 213.2 | $ | 209.1 |
Previous: Item 15. Exhibits, Financial Statement Schedules
Sponsor Sponsor this sector. One slot per industry, shown on every filing in it. Details