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 26, 2024

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 26, 2024

/s/ Kofi A. Bruce

Kofi A. Bruce

Chief Financial Officer

(Principal Financial Officer)

June 26, 2024

/s/ Mark A. Pallot

Mark A. Pallot

Vice President, Chief Accounting

Officer

(Principal Accounting Officer)

June 26, 2024

/s/ R. Kerry Clark

R. Kerry Clark

Director

June 26, 2024

/s/ Benno O. Dorer

Benno O. Dorer

Director

June 26, 2024

/s/ C. Kim Goodwin

Director

June 26, 2024

C. Kim Goodwin

/s/ Maria G. Henry

Maria G. Henry

Director

June 26, 2024

/s/ Jo Ann Jenkins

Jo Ann Jenkins

Director

June 26, 2024

/s/ Elizabeth C. Lempres

Elizabeth C. Lempres

Director

June 26, 2024

/s/ John G. Morikis

John. G. Morikis

Director

June 26, 2024

/s/ Diane L. Neal

Diane L. Neal

Director

June 26, 2024

/s/ Steve Odland

Steve Odland

Director

June 26, 2024

/s/ Maria A. Sastre

Maria A. Sastre

Director

June 26, 2024

/s/ Eric D. Sprunk

Eric D. Sprunk

Director

June 26, 2024

/s/ Jorge A. Uribe

Jorge A. Uribe

Director

June 26, 2024

General Mills, Inc. and Subsidiaries

Schedule II - Valuation

of Qualifying Accounts

Fiscal Year

In Millions

2024

2023

2022

Allowance for doubtful accounts:

Balance at beginning of year

$

26.9

$

28.3

$

36.0

Additions charged to expense

27.6

29.6

23.0

Bad debt write-offs

(29.4)

(28.6)

(26.4)

Other adjustments and reclassifications

(0.1)

(2.4)

(4.3)

Balance at end of year

$

25.0

$

26.9

$

28.3

Valuation

allowance for deferred tax assets:

Balance at beginning of year

$

259.2

$

185.1

$

229.2

Additions charged (benefits) to expense

(2.3)

77.1

(41.6)

Adjustments due to acquisitions, translation of amounts, and other

(1.4)

(3.0)

(2.5)

Balance at end of year

$

255.5

$

259.2

$

185.1

Reserve for restructuring and other exit charges:

Balance at beginning of year

$

47.7

$

36.8

$

148.8

Additions charged to expense, including translation amounts

0.1

41.7

3.4

Reserve adjustment

-

-

(34.0)

Net amounts utilized for restructuring activities

(33.0)

(30.8)

(81.4)

Balance at end of year

$

14.8

$

47.7

$

36.8

Reserve for LIFO valuation:

Balance at beginning of year

$

600.9

$

463.4

$

209.5

Increase

(59.8)

137.5

253.9

Balance at end of year

$

541.1

$

600.9

$

463.4