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 25, 2025

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 25, 2025

/s/ Kofi A. Bruce

Kofi A. Bruce

Chief Financial Officer

(Principal Financial Officer)

June 25, 2025

/s/ Mark A. Pallot

Mark A. Pallot

Vice President, Chief Accounting

Officer

(Principal Accounting Officer)

June 25, 2025

/s/ Benno O. Dorer

Benno O. Dorer

Director

June 25, 2025

/s/ C. Kim Goodwin

Director

June 25, 2025

C. Kim Goodwin

/s/ Maria G. Henry

Maria G. Henry

Director

June 25, 2025

/s/ Jo Ann Jenkins

Jo Ann Jenkins

Director

June 25, 2025

/s/ Elizabeth C. Lempres

Elizabeth C. Lempres

Director

June 25, 2025

/s/ John G. Morikis

John. G. Morikis

Director

June 25, 2025

/s/ Diane L. Neal

Diane L. Neal

Director

June 25, 2025

/s/ Steve Odland

Steve Odland

Director

June 25, 2025

/s/ Maria A. Sastre

Maria A. Sastre

Director

June 25, 2025

/s/ Eric D. Sprunk

Eric D. Sprunk

Director

June 25, 2025

/s/ Jorge A. Uribe

Jorge A. Uribe

Director

June 25, 2025

General Mills, Inc. and Subsidiaries

Schedule II - Valuation

of Qualifying Accounts

Fiscal Year

In Millions

2025

2024

2023

Allowance for doubtful accounts:

Balance at beginning of year

$

25.0

$

26.9

$

28.3

Additions charged to expense

36.6

27.6

29.6

Bad debt write-offs

(28.5)

(29.4)

(28.6)

Other adjustments and reclassifications

0.1

(0.1)

(2.4)

Balance at end of year

$

33.2

$

25.0

$

26.9

Valuation

allowance for deferred tax assets:

Balance at beginning of year

$

255.5

$

259.2

$

185.1

(Benefits) additions charged to expense

(1.9)

(2.3)

77.1

Adjustments due to acquisitions, translation of amounts, and other

0.1

(1.4)

(3.0)

Balance at end of year

$

253.7

$

255.5

$

259.2

Reserve for restructuring and other exit charges:

Balance at beginning of year

$

14.8

$

47.7

$

36.8

Additions charged to expense, including translation amounts

70.1

0.1

41.7

Net amounts utilized for restructuring activities

(7.8)

(33.0)

(30.8)

Balance at end of year

$

77.1

$

14.8

$

47.7

Reserve for LIFO valuation:

Balance at beginning of year

$

541.1

$

600.9

$

463.4

Increase

4.5

(59.8)

137.5

Balance at end of year

$

545.6

$

541.1

$

600.9