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:June 30, 2021

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)	June 30, 2021

/s/ Kofi A. Bruce Kofi A. Bruce	Chief Financial Officer (Principal Financial Officer)	June 30, 2021

/s/ Mark A. Pallot Mark A. Pallot	Vice President, Chief Accounting Officer (Principal Accounting Officer)	June 30, 2021

/s/ R. Kerry Clark R. Kerry Clark	Director	June 30, 2021

/s/ David M. Cordani David M. Cordani	Director	June 30, 2021

/s/ Roger W. Ferguson Jr. Roger W. Ferguson Jr.	Director	June 30, 2021

/s/ Maria G. Henry Maria G. Henry	Director	June 30, 2021

/s/ Jo Ann Jenkins Jo Ann Jenkins	Director	June 30, 2021

/s/ Elizabeth C. Lempres Elizabeth C. Lempres	Director	June 30, 2021

/s/ Diane L. Neal Diane L. Neal	Director	June 30, 2021

/s/ Steve Odland Steve Odland	Director	June 30, 2021

/s/ Maria A. Sastre Maria A. Sastre	Director	June 30, 2021

/s/ Eric D. Sprunk Eric D. Sprunk	Director	June 30, 2021

/s/ Jorge A. Uribe Jorge A. Uribe	Director	June 30, 2021

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

		Fiscal Year
In Millions		2021		2020		2019
Allowance for doubtful accounts:
Balance at beginning of year	$	33.2	$	28.8	$	28.4
Additions charged to expense		25.7		25.9		23.9
Bad debt write-offs		(29.9)		(22.9)		(22.7)
Other adjustments and reclassifications		7.0		1.4		(0.8)
Balance at end of year	$	36.0	$	33.2	$	28.8
Valuation allowance for deferred tax assets:
Balance at beginning of year	$	214.2	$	213.7	$	176.0
Additions charged to expense		9.1		4.2		(5.2)
Adjustments due to acquisitions, translation of amounts, and other		5.9		(3.7)		42.9
Balance at end of year	$	229.2	$	214.2	$	213.7
Reserve for restructuring and other exit charges:
Balance at beginning of year	$	17.8	$	36.5	$	66.8
Additions charged to expense, including translation amounts		143.9		(2.5)		11.6
Net amounts utilized for restructuring activities		(12.9)		(16.2)		(41.9)
Balance at end of year	$	148.8	$	17.8	$	36.5
Reserve for LIFO valuation:
Balance at beginning of year	$	202.1	$	213.5	$	213.2
Increase (decrease)		7.4		(11.4)		0.3
Balance at end of year	$	209.5	$	202.1	$	213.5

Previous: Item 15. Exhibits and Financial Statement Schedules