v3.26.1
Schedule II - Valuation and Qualifying Accounts
 12 Months Ended
May 31, 2026
SEC Schedule, 12-09, Valuation and Qualifying Accounts [Abstract]  
Schedule II - Valuation and Qualifying Accounts
General Mills, Inc. and Subsidiaries
Schedule II - Valuation and Qualifying Accounts
Fiscal Year
In Millions
2026
2025
2024
Allowance for doubtful accounts:
Balance at beginning of year
$33.2
$25.0
$26.9
Additions charged to expense
28.8
36.6
27.6
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 amounts
8.4
70.1
0.1
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
Increase
40.7
4.5
(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.