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 1, 2026
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.

SignatureTitleDate
/s/ Jeffrey L Harmening Jeffrey L. HarmeningChairman of the Board, Chief Executive Officer, and Director (Principal Executive Officer)July 1, 2026
/s/ Kofi A. Bruce Kofi A. BruceChief Financial Officer (Principal Financial Officer)July 1, 2026
/s/ Mark A. Pallot Mark A. PallotVice President, Chief Accounting Officer (Principal Accounting Officer)July 1, 2026
/s/ Joan Bottarini Joan BottariniDirectorJuly 1, 2026
/s/ Benno O. Dorer Benno O. DorerDirectorJuly 1, 2026
/s/ Maria G. Henry Maria G. HenryDirectorJuly 1, 2026
/s/ Jo Ann Jenkins Jo Ann JenkinsDirectorJuly 1, 2026
/s/ Elizabeth C. Lempres Elizabeth C. LempresDirectorJuly 1, 2026
/s/ John G. Morikis John. G. MorikisDirectorJuly 1, 2026
/s/ Dana M. McNabb Dana M. McNabbChief Operating Officer and DirectorJuly 1, 2026
/s/ Diane L. Neal Diane L. NealDirectorJuly 1, 2026
/s/ Steve Odland Steve OdlandDirectorJuly 1, 2026
/s/ Maria A. Sastre Maria A. SastreDirectorJuly 1, 2026
/s/ Eric D. Sprunk Eric D. SprunkDirectorJuly 1, 2026
/s/ Jorge A. Uribe Jorge A. UribeDirectorJuly 1, 2026
General Mills, Inc. and Subsidiaries
Schedule II - Valuation and Qualifying Accounts
Fiscal Year
In Millions202620252024
Allowance for doubtful accounts:
Balance at beginning of year$33.2$25.0$26.9
Additions charged to expense28.836.627.6
Bad debt write-offs(28.3)(28.5)(29.4)
Other adjustments and reclassifications (a)(0.6)0.1(0.1)
Balance at end of year$33.1$33.2$25.0
Valuation allowance for deferred tax assets:
Balance at beginning of year$253.7$255.5$259.2
Benefits to expense(32.4)(1.9)(2.3)
Adjustments due to acquisitions, translation of amounts, and other(6.7)0.1(1.4)
Balance at end of year$214.6$253.7$255.5
Reserve for restructuring, transformation, and other exit charges:
Balance at beginning of year$77.1$14.8$47.7
Additions charged to expense, including translation amounts8.470.10.1
Net amounts utilized for restructuring and transformation activities(35.6)(7.8)(33.0)
Balance at end of year$49.9$77.1$14.8
Reserve for LIFO valuation:
Balance at beginning of year$545.6$541.1$600.9
Increase40.74.5(59.8)
Balance at end of year$586.3$545.6$541.1

(a)Includes a $1.1 million adjustment to reclassify a portion of the allowance for doubtful accounts as held for sale as of May

31, 2026. Please refer to Note 6 to the Consolidated Financial Statements in Item 8 of this report for additional information.

Previous: Item 15. Exhibits and Financial Statement Schedules