Item 16. Form 10-K Summary

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Item 16. Form 10-K Summary

Not Applicable.

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.

Date:July 2, 2020

By/s/ Mark A. Pallot

Name:Mark A. Pallot

Title:Vice President, Chief Accounting Officer

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)	July 2, 2020

/s/ Kofi A. Bruce Kofi A. Bruce	Chief Financial Officer (Principal Financial Officer)	July 2, 2020

/s/ Mark A. Pallot Mark A. Pallot	Vice President, Chief Accounting Officer (Principal Accounting Officer)	July 2, 2020

/s/ R. Kerry Clark R. Kerry Clark	Director	July 2, 2020

/s/ David M. Cordani David M. Cordani	Director	July 2, 2020

/s/ Roger W. Ferguson Jr. Roger W. Ferguson Jr.	Director	July 2, 2020

/s/ Maria G. Henry Maria G. Henry	Director	July 2, 2020

/s/ Jo Ann Jenkins Jo Ann Jenkins	Director	July 2, 2020

/s/ Elizabeth C. Lempres Elizabeth C. Lempres	Director	July 2, 2020

/s/ Diane L. Neal Diane L. Neal	Director	July 2, 2020

/s/ Steve Odland Steve Odland	Director	July 2, 2020

/s/ Maria A. Sastre Maria A. Sastre	Director	July 2, 2020

/s/ Eric D. Sprunk Eric D. Sprunk	Director	July 2, 2020

/s/ Jorge A. Uribe Jorge A. Uribe	Director	July 2, 2020

General Mills, Inc. and Subsidiaries
Schedule II - Valuation of Qualifying Accounts

		Fiscal Year
In Millions		2020		2019		2018
Allowance for doubtful accounts:
Balance at beginning of year	$	28.8	$	28.4	$	24.3
Additions charged to expense		25.9		23.9		26.7
Bad debt write-offs		(22.9)		(22.7)		(26.9)
Other adjustments and reclassifications		1.4		(0.8)		4.3
Balance at end of year	$	33.2	$	28.8	$	28.4
Valuation allowance for deferred tax assets:
Balance at beginning of year	$	213.7	$	176.0	$	231.8
Additions charged to expense		4.2		(5.2)		2.4
Adjustments due to acquisitions, translation of amounts, and other		(3.7)		42.9		(58.2)
Balance at end of year	$	214.2	$	213.7	$	176.0
Reserve for restructuring and other exit charges:
Balance at beginning of year	$	36.5	$	66.8	$	85.0
Additions charged to expense, including translation amounts		(2.5)		11.6		40.3
Net amounts utilized for restructuring activities		(16.2)		(41.9)		(58.5)
Balance at end of year	$	17.8	$	36.5	$	66.8
Reserve for LIFO valuation:
Balance at beginning of year	$	213.5	$	213.2	$	209.1
(Decrease) increase		(11.4)		0.3		4.1
Balance at end of year	$	202.1	$	213.5	$	213.2

Previous: Item 15. Exhibits and Financial Statement Schedules