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 28, 2023

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 28, 2023

/s/ Kofi A. Bruce

Kofi A. Bruce

Chief Financial Officer

(Principal Financial Officer)

June 28, 2023

/s/ Mark A. Pallot

Mark A. Pallot

Vice President, Chief Accounting

Officer

(Principal Accounting Officer)

June 28, 2023

/s/ R. Kerry Clark

R. Kerry Clark

Director

June 28, 2023

/s/ David M. Cordani

David M. Cordani

Director

June 28, 2023

/s/ C. Kim Goodwin

Director

June 28, 2023

C. Kim Goodwin

/s/ Maria G. Henry

Maria G. Henry

Director

June 28, 2023

/s/ Jo Ann Jenkins

Jo Ann Jenkins

Director

June 28, 2023

/s/ Elizabeth C. Lempres

Elizabeth C. Lempres

Director

June 28, 2023

/s/ Diane L. Neal

Diane L. Neal

Director

June 28, 2023

/s/ Steve Odland

Steve Odland

Director

June 28, 2023

/s/ Maria A. Sastre

Maria A. Sastre

Director

June 28, 2023

/s/ Eric D. Sprunk

Eric D. Sprunk

Director

June 28, 2023

/s/ Jorge A. Uribe

Jorge A. Uribe

Director

June 28, 2023

General Mills, Inc. and Subsidiaries

Schedule II - Valuation

of Qualifying Accounts

Fiscal Year

In Millions

2023

2022

2021

Allowance for doubtful accounts:

Balance at beginning of year

$

28.3

$

36.0

$

33.2

Additions charged to expense

29.6

23.0

25.7

Bad debt write-offs

(28.6)

(26.4)

(29.9)

Other adjustments and reclassifications

(2.4)

(4.3)

7.0

Balance at end of year

$

26.9

$

28.3

$

36.0

Valuation

allowance for deferred tax assets:

Balance at beginning of year

$

185.1

$

229.2

$

214.2

Additions charged (benefits) to expense

77.1

(41.6)

9.1

Adjustments due to acquisitions, translation of amounts, and other

(3.0)

(2.5)

5.9

Balance at end of year

$

259.2

$

185.1

$

229.2

Reserve for restructuring and other exit charges:

Balance at beginning of year

$

36.8

$

148.8

$

17.8

Additions charged to expense, including translation amounts

41.7

3.4

143.9

Reserve adjustment

-

(34.0)

-

Net amounts utilized for restructuring activities

(30.8)

(81.4)

(12.9)

Balance at end of year

$

47.7

$

36.8

$

148.8

Reserve for LIFO valuation:

Balance at beginning of year

$

463.4

$

209.5

$

202.1

Increase

137.5

253.9

7.4

Balance at end of year

$

600.9

$

463.4

$

209.5