v3.26.1
BUSINESS SEGMENT AND GEOGRAPHIC INFORMATION (Tables)
 12 Months Ended
May 31, 2026
Segment Reporting [Abstract]  
Schedule of Operating Segment Results Our operating segment results were as follows:
Fiscal Year 2026
In Millions
North
America
Retail
International
North
America Pet
North
America
Foodservice
Total
Segment net sales
$10,571.8
$3,043.8
$2,613.3
$2,169.5
$18,398.4
Corporate and other net sales
26.2
Total net sales
$18,424.6
Cost of sales
$6,793.2
$2,235.5
$1,568.6
$1,663.3
Selling, general, and
  administrative expenses
1,589.6
619.6
545.9
173.2
Segment operating profit
$2,189.0
$188.7
$498.8
$333.0
$3,209.5
Unallocated corporate items
402.3
Divestitures gain, net
(1,049.4)
Restructuring, transformation, impairment,
  and other exit costs
2,970.8
Operating profit
$885.8
Fiscal Year 2025
In Millions
North
America
Retail
International
North
America Pet
North
America
Foodservice
Total
Segment net sales
$11,907.0
$2,797.8
$2,470.8
$2,300.9
$19,476.5
Corporate and other net sales
10.1
Total net sales
$19,486.6
Cost of sales
$7,472.1
$2,110.6
$1,476.4
$1,772.9
Selling, general, and
  administrative expenses
1,705.0
590.8
493.4
172.6
Segment operating profit
$2,729.9
$96.4
$501.0
$355.4
$3,682.7
Unallocated corporate items
395.5
Divestiture gain
(95.9)
Restructuring, transformation, impairment,
  and other exit costs
78.3
Operating profit
$3,304.8
Fiscal Year 2024
In Millions
North
America
Retail
International
North
America Pet
North
America
Foodservice
Total
Segment net sales
$12,473.4
$2,746.5
$2,375.8
$2,258.7
$19,854.4
Corporate and other net sales
2.8
Total net sales
$19,857.2
Cost of sales
$7,650.8
$2,073.4
$1,446.8
$1,781.9
Selling, general, and
  administrative expenses
1,742.2
547.9
443.1
161.3
Segment operating profit
$3,080.4
$125.2
$485.9
$315.5
$4,007.0
Unallocated corporate items
333.9
Restructuring, impairment,
  and other exit costs
241.4
Operating profit
$3,431.7
Net sales for our North America Retail operating units were as follows:
Fiscal Year
In Millions
2026
2025
2024
Big G Cereal & Canada (a)
$3,153.4
$4,311.8
$4,610.2
U.S. Snacks
3,212.6
3,356.3
3,538.9
U.S. Meals & Baking Solutions
4,205.8
4,238.9
4,324.3
Total
$10,571.8
$11,907.0
$12,473.4
(a)Upon completion of the United States yogurt business divestiture in fiscal 2026, the former U.S. Morning Foods and Canada operating units
were combined into a new Big G Cereal & Canada operating unit. Prior period amounts have been recast to conform to the current period
presentation. This did not result in a change to the composition of our reportable segments or information reviewed by our CODM.
Schedule of Net Sales by Class of Similar Products Net sales by class of similar products were as follows:
Fiscal Year
In Millions
2026
2025
2024
Snacks
$4,138.5
$4,187.4
$4,327.3
Cereal
3,089.7
3,078.6
3,187.5
Convenient meals
2,870.9
2,816.1
2,906.5
Pet
2,766.4
2,585.8
2,382.7
Dough
2,396.0
2,384.2
2,423.6
Baking mixes and ingredients
1,926.1
1,940.2
1,996.0
Yogurt
102.0
1,391.6
1,482.5
Super-premium ice cream
782.7
721.6
728.7
Other
352.3
381.1
422.4
Total
$18,424.6
$19,486.6
$19,857.2
Schedule of Revenue from External Customers and Long-Lived Assets, by Geographical Areas The following tables provide financial information by geographic area:
Fiscal Year
In Millions
2026
2025
2024
Net sales:
United States
$14,704.7
$15,780.4
$16,062.2
Non-United States
3,719.9
3,706.2
3,795.0
Total
$18,424.6
$19,486.6
$19,857.2
In Millions
May 31, 2026
May 25, 2025
Cash and cash equivalents:
United States
$46.2
$47.8
Non-United States
407.6
316.1
Total
$453.8
$363.9
In Millions
May 31, 2026
May 25, 2025
Land, buildings, and equipment:
United States
$2,965.6
$3,036.6
Non-United States
477.8
596.0
Total
$3,443.4
$3,632.6