General Mills Inc (GIS) financial statements: income statement, balance sheet and cash flow
General Mills Inc's income statement, balance sheet and cash flow statement as filed with the SEC (10-K and 10-Q), with the latest fiscal years and quarters. In its latest fiscal year (May 31, 2026 · FY), General Mills Inc reported revenue of $18.4B (-5.4% year on year).
Income statement
General Mills Inc income statement, fiscal years
Line item
May 31, 2026 · FY
May 25, 2025 · FY
May 26, 2024 · FY
May 28, 2023 · FY
Net sales
$18.4B
$19.5B
$19.9B
$20.1B
Cost of sales
$12.2B
$12.8B
$12.9B
$13.5B
Selling, general, and administrative expenses
$3.4B
$3.4B
$3.3B
$3.5B
Divestitures gain, net
($1.0B)
($95.9M)
$0
($444.6M)
Restructuring, transformation, impairment, and other exit costs
$3.0B
$78.3M
$241.4M
$56.2M
Operating profit
$885.8M
$3.3B
$3.4B
$3.4B
Benefit plan non-service income
($58.3M)
($54.4M)
($75.8M)
($88.8M)
Interest, net
$538.6M
$524.2M
$479.2M
$382.1M
Earnings before income taxes and after-tax (loss) earnings from joint ventures
$405.5M
$2.8B
$3.0B
$3.1B
Income taxes
$414.3M
$573.7M
$594.5M
$612.2M
After-tax (loss) earnings from joint ventures
($76.5M)
$57.6M
$84.8M
$81.3M
Net (loss) earnings, including earnings attributable to noncontrolling interests
($85.3M)
$2.3B
$2.5B
$2.6B
Net earnings attributable to noncontrolling interests
$2.3M
$23.7M
$22.0M
$15.7M
Net (loss) earnings attributable to General Mills
($87.6M)
$2.3B
$2.5B
$2.6B
(Loss) earnings per share — basic (in usd per share)
-$0.16
$4.12
$4.34
$4.36
(Loss) earnings per share – diluted (in usd per share)
-$0.16
$4.10
$4.31
$4.31
Dividends per share (in usd per share)
$2.44
$2.40
$2.36
$2.16
General Mills Inc income statement, quarters
Line item
Aug 30, 2026 · Q1
Feb 22, 2026 · Q3
Nov 23, 2025 · Q2
Aug 24, 2025 · Q1
Net sales
$4.4B
$4.4B
$4.9B
$4.5B
Cost of sales
$2.9B
$3.1B
$3.2B
$3.0B
Selling, general, and administrative expenses
$832.2M
$812.9M
$842.4M
$845.1M
Gain (Loss) on Disposition of Business
$0
$5.0M
$0
($1.1B)
Restructuring, transformation, impairment, and other exit costs
$21.4M
$24.4M
$122.1M
$16.3M
Operating profit
$633.6M
$524.6M
$728.0M
$1.7B
Benefit plan non-service income
($10.6M)
($15.3M)
($15.7M)
($15.1M)
Interest, net
$142.2M
$128.4M
$125.9M
$132.8M
Earnings before income taxes and after-tax earnings from joint ventures
$502.0M
$411.5M
$617.8M
$1.6B
Income taxes
$122.8M
$99.9M
$143.9M
$410.9M
After-tax earnings from joint ventures
$18.9M
($6.1M)
($59.6M)
$6.8M
Net earnings, including earnings (loss) attributable to noncontrolling interests
$398.1M
$305.5M
$414.3M
$1.2B
Net earnings (loss) attributable to noncontrolling interests
$1.1M
$2.4M
$1.3M
($200.0K)
Net earnings attributable to General Mills
$397.0M
$303.1M
$413.0M
$1.2B
Earnings per share – basic (usd per share)
$0.74
$0.57
$0.78
$2.22
Earnings per share – diluted (usd per share)
$0.74
$0.56
$0.78
$2.22
Balance sheet
General Mills Inc balance sheet, fiscal years
Line item
May 31, 2026 · FY
May 25, 2025 · FY
May 26, 2024 · FY
May 28, 2023 · FY
Cash and cash equivalents
$453.8M
$363.9M
$418.0M
$585.5M
Receivables
$1.6B
$1.8B
$1.7B
$1.7B
Inventories
$1.9B
$1.9B
$1.9B
$2.2B
Prepaid expenses and other current assets
$599.8M
$464.7M
$568.5M
$735.7M
Assets held for sale
$0
$740.4M
—
$0
Total current assets
$4.6B
$5.3B
$4.6B
$5.2B
Land, buildings, and equipment
$3.4B
$3.6B
$3.9B
$3.6B
Goodwill
$14.1B
$15.6B
$14.8B
$14.5B
Other intangible assets
$6.7B
$7.1B
$7.0B
$7.0B
Other assets
$1.1B
$1.5B
$1.3B
$1.2B
Total assets
$30.0B
$33.1B
$31.5B
$31.5B
Accounts payable
$3.7B
$4.0B
$4.0B
$4.2B
Current portion of long-term debt
$1.1B
$1.5B
$1.6B
$1.7B
Notes payable
$68.4M
$677.0M
$11.8M
$31.7M
Other current liabilities
$1.5B
$1.6B
$1.4B
$1.6B
Liabilities held for sale
$449.8M
$18.4M
—
—
Total current liabilities
$6.8B
$7.9B
$7.0B
$7.5B
Long-term debt
$12.4B
$12.7B
$11.3B
$10.0B
Deferred income taxes
$2.3B
$2.1B
$2.2B
$2.1B
Other liabilities
$1.2B
$1.2B
$1.3B
$1.1B
Total liabilities
$22.6B
$23.9B
$21.8B
$20.8B
Common stock, 754.6 shares issued, $0.10 par value
75.5M
75.5M
75.5M
75.5M
Additional paid-in capital
$1.2B
$1.2B
$1.2B
$1.2B
Retained earnings
$20.5B
$21.9B
$21.0B
$19.8B
Common stock in treasury, at cost, shares of 220.9 and 212.2
-11.9B
—
—
—
Accumulated other comprehensive loss
($2.5B)
($2.5B)
($2.5B)
($2.3B)
Total stockholders’ equity
$7.4B
$9.2B
$9.4B
$10.4B
Noncontrolling interests
$12.2M
$12.0M
$251.8M
$250.4M
Total equity
$7.4B
$9.2B
$9.6B
$10.7B
Total liabilities and equity
$30.0B
$33.1B
$31.5B
$31.5B
General Mills Inc balance sheet, quarters
Line item
Aug 30, 2026
Feb 22, 2026
Nov 23, 2025
Aug 24, 2025
Cash and cash equivalents
$433.1M
$785.5M
$683.4M
$952.9M
Receivables
$1.8B
$1.9B
$1.9B
$1.8B
Inventories
$2.2B
$1.8B
$2.1B
$2.1B
Prepaid expenses and other current assets
$512.8M
$490.3M
$443.6M
$431.1M
Total current assets
$4.9B
$4.9B
$5.1B
$5.2B
Land, buildings, and equipment
$3.4B
$3.5B
$3.5B
$3.6B
Goodwill
$14.1B
$15.6B
$15.6B
$15.7B
Other intangible assets
$6.7B
$7.0B
$7.0B
$7.1B
Other assets
$1.2B
$1.4B
$1.3B
$1.4B
Total assets
$30.3B
$32.4B
$32.5B
$33.0B
Accounts payable
$3.7B
$3.6B
$3.9B
$3.7B
Current portion of long-term debt
$1.0B
$2.1B
$1.6B
$2.2B
Notes payable
$201.6M
$837.3M
$16.8M
$22.1M
Other current liabilities
$1.5B
$2.1B
$2.2B
$2.0B
Liabilities held for sale
$503.0M
$0
$0
$0
Total current liabilities
$6.9B
$8.7B
$7.7B
$8.0B
Long-term debt
$12.4B
$11.0B
$12.2B
$12.2B
Deferred income taxes
$2.3B
$2.1B
$2.1B
$2.1B
Other liabilities
$1.2B
$1.2B
$1.3B
$1.3B
Total liabilities
$22.8B
$23.0B
$23.2B
$23.5B
Common stock, 754.6 shares issued, $0.10 par value
75.5M
75.5M
75.5M
75.5M
Additional paid-in capital
$1.2B
$1.2B
$1.2B
$1.1B
Retained earnings
$20.6B
$22.5B
$22.6B
$22.8B
Common stock in treasury, at cost, shares of 219.9 and 220.9
-11.8B
-11.9B
-11.9B
—
Accumulated other comprehensive loss
($2.5B)
($2.5B)
($2.6B)
($2.6B)
Total stockholders’ equity
$7.5B
$9.3B
$9.3B
$9.5B
Noncontrolling interests
$13.4M
$13.7M
$12.4M
$12.3M
Total equity
$7.5B
$9.4B
$9.3B
$9.5B
Total liabilities and equity
$30.3B
$32.4B
$32.5B
$33.0B
Cash flow statement
General Mills Inc cash flow statement, fiscal years
Line item
May 31, 2026 · FY
May 25, 2025 · FY
May 26, 2024 · FY
May 28, 2023 · FY
Net (loss) earnings, including earnings attributable to noncontrolling interests
($85.3M)
$2.3B
$2.5B
$2.6B
Depreciation and amortization
$555.2M
$539.0M
$552.7M
$546.6M
After-tax loss (earnings) from joint ventures
$76.5M
($57.6M)
($84.8M)
($81.3M)
Distributions of earnings from joint ventures
$39.0M
$44.6M
$50.4M
$69.9M
Stock-based compensation
$79.4M
$91.7M
$95.3M
$111.7M
Deferred income taxes
$203.2M
($120.9M)
($48.5M)
($22.2M)
Pension and other postretirement benefit plan contributions
($31.7M)
($30.8M)
($30.1M)
($30.1M)
Pension and other postretirement benefit plan costs
($23.7M)
($12.7M)
($27.0M)
($27.6M)
Divestitures gain, net
($1.0B)
($95.9M)
$0
($444.6M)
Restructuring, transformation, impairment, and other exit costs
$2.9B
$74.3M
$223.5M
$24.4M
Changes in current assets and liabilities, excluding the effects of acquisitions and divestitures
($478.3M)
$192.4M
$10.6M
($48.9M)
Other, net
($16.4M)
($24.8M)
$41.9M
$71.1M
Net cash provided by operating activities
$2.2B
$2.9B
$3.3B
$2.8B
Purchases of land, buildings, and equipment
($539.9M)
($625.3M)
($774.1M)
($689.5M)
Acquisitions, net of cash acquired
$0
($1.4B)
($451.9M)
($251.5M)
Proceeds from divestitures
$1.8B
$241.8M
$0
$633.1M
Investments in affiliates, net
($31.8M)
$13.3M
($2.7M)
($32.2M)
Proceeds from disposal of land, buildings, and equipment
$4.8M
$1.1M
$800.0K
$1.3M
Other, net
($5.1M)
($6.5M)
$30.5M
($7.6M)
Net cash provided (used) by investing activities
$1.3B
($1.8B)
($1.2B)
($346.4M)
Change in notes payable
($608.2M)
$667.1M
($20.5M)
($769.3M)
Issuance of long-term debt
$2.0B
$2.4B
$2.1B
$2.3B
Payment of long-term debt
($2.8B)
($1.3B)
($901.5M)
($1.4B)
Repurchase of Class A limited membership interests in General Mills Cereals, LLC
$0
($252.8M)
—
—
Proceeds from common stock issued on exercised options
$500.0K
$43.0M
$25.5M
$232.3M
Purchases of common stock for treasury
($500.3M)
($1.2B)
($2.0B)
($1.4B)
Dividends paid
($1.3B)
($1.3B)
($1.4B)
($1.3B)
Distributions to noncontrolling interest holders
($2.1M)
—
—
—
Other, net
($72.1M)
($129.1M)
($53.9M)
($62.6M)
Net cash used by financing activities
($3.3B)
($1.2B)
($2.3B)
($2.4B)
Effect of exchange rate changes on cash and cash equivalents
$18.4M
$2.7M
($400.0K)
($12.0M)
Increase (decrease) in cash and cash equivalents
$127.8M
($54.1M)
($167.5M)
$16.1M
Cash and cash equivalents - beginning of year
$363.9M
$418.0M
$585.5M
$569.4M
Cash and cash equivalents - end of year (includes $37.9 million of cash classified as held for sale as of May 31, 2026)
$491.7M
—
—
—
Receivables
$12.9M
($79.0M)
($1.8M)
($41.2M)
Inventories
($82.2M)
($18.5M)
$287.6M
($319.0M)
Prepaid expenses and other current assets
($147.7M)
$80.8M
$167.0M
$61.6M
Accounts payable
($186.2M)
$86.7M
($251.2M)
$199.8M
Other current liabilities
($75.1M)
$122.4M
($191.0M)
$49.9M
Changes in current assets and liabilities
($478.3M)
$192.4M
$10.6M
($48.9M)
General Mills Inc cash flow statement, quarters
Line item
Aug 30, 2026 · Q1
Feb 22, 2026 · YTD
Nov 23, 2025 · YTD
Aug 24, 2025 · Q1
Net earnings, including earnings (loss) attributable to noncontrolling interests
$398.1M
$1.9B
$1.6B
$1.2B
Depreciation and amortization
$139.8M
$416.1M
$276.7M
$138.7M
After-tax earnings from joint ventures
($18.9M)
$58.9M
$52.8M
($6.8M)
Distributions of earnings from joint ventures
$10.9M
$32.9M
$26.9M
$26.9M
Stock-based compensation
$21.8M
$65.6M
$39.3M
$15.1M
Deferred income taxes
($18.0M)
$139.4M
$51.6M
$10.0M
Pension and other postretirement benefit plan contributions
($6.6M)
($21.3M)
($13.0M)
($5.2M)
Pension and other postretirement benefit plan costs
($3.0M)
($20.4M)
($13.7M)
($6.7M)
Divestitures gain
$0
($1.0B)
($1.1B)
($1.1B)
Restructuring, transformation, impairment, and other exit costs
$21.0M
$109.1M
$96.8M
($2.7M)
Changes in current assets and liabilities, excluding the effects of acquisitions and divestitures
($251.5M)
($129.4M)
$55.1M
$58.8M
Other, net
$4.2M
$88.9M
$79.9M
$19.3M
Net cash provided by operating activities
$297.8M
$1.6B
$1.2B
$397.0M
Purchases of land, buildings, and equipment
($90.5M)
($355.5M)
($253.1M)
($109.5M)
Proceeds from divestitures
$0
$1.8B
$1.8B
$1.8B
Investments in affiliates, net
($25.4M)
($40.6M)
$6.3M
—
Proceeds from disposal of land, buildings, and equipment
$0
$5.2M
$2.4M
$2.8M
Other, net
$0
($6.4M)
($20.1M)
($1.9M)
Net cash (used) provided by investing activities
($115.9M)
$1.4B
$1.5B
$1.7B
Change in notes payable
$132.7M
$160.9M
($659.5M)
($654.8M)
Proceeds from common stock issued on exercised options
$0
$400.0K
$300.0K
$200.0K
Purchases of common stock for treasury
$0
($500.3M)
($500.1M)
($500.0M)
Dividends paid
($330.5M)
($987.2M)
($658.8M)
($330.9M)
Other, net
($11.8M)
($36.4M)
($34.4M)
($21.7M)
Net cash used by financing activities
($209.6M)
($2.6B)
($2.4B)
($1.5B)
Effect of exchange rate changes on cash and cash equivalents
($200.0K)
$18.9M
($1.5M)
$4.4M
(Decrease) increase in cash and cash equivalents
($27.9M)
$421.6M
$319.5M
$589.0M
Cash and cash equivalents - beginning of year (includes $37.9 million of cash classified as held for sale as of May 31, 2026)
$491.7M
$363.9M
$363.9M
$363.9M
Cash and cash equivalents - end of period (includes $30.7 million of cash classified as held for sale as of Aug. 30, 2026)